Agree these are market systems challenges. My contention is that the most effective way to shift those systems in low-income country settings is bottom-up, through pioneer firm building. Firms that employ people, pay taxes, and generate hard currency earnings have a seat at the political-economy table that external thinktanks and advocates structurally do not.
Philanthropic capital in this context should not be thought of as purely grants, but rather as highly patient and risk-tolerant investment funding that is comfortable incurring losses with pioneer firms in order to demonstrate new commercially viable industries that second-movers can then enter.
Agree these are market systems challenges. My contention is that the most effective way to shift those systems in low-income country settings is bottom-up, through pioneer firm building. Firms that employ people, pay taxes, and generate hard currency earnings have a seat at the political-economy table that external thinktanks and advocates structurally do not.
Philanthropic capital in this context should not be thought of as purely grants, but rather as highly patient and risk-tolerant investment funding that is comfortable incurring losses with pioneer firms in order to demonstrate new commercially viable industries that second-movers can then enter.