Remember the Washington Consensus? After years of false starts and dead ends in solving development challenges, new formulas now incorporate bold entrepreneurial components. The result is that for the first time in many decades, ending extreme poverty is less of an elusive goal.
Take the United States Agency for International Development (USAID) for example. Its new model for 21st century development borrows from a startup’s guide to success – such as the notion of proof-of-concept funding and consumer data-driven iteration.
