A Guest Blog Post by Lawrence J. Halloran
Director, PSC International Development Initiative
With all the talk about whether foreign assistance is achieving its intended results, recent success stories demonstrate that economic development remains the strongest foundation for advances in all other sectors, such as health, governance, education and the empowerment of minorities and women. These successful projects show how U.S. development firms lead by example, teaching entrepreneurship and efficiency and creating thriving local businesses.
DevEx recently highlighted the success of a project to reform agriculture in Latin America implemented by TetraTech. That USAID-funded effort was successful because it brought innovative science and a rigorous evidence-based approach to agricultural development there. And USAID recently highlighted work by AECOM and Nathan Associates on successful projects in post-conflict countries, such as Sri Lanka, that trained indigenous workforces and gave them the skills they need to develop viable local industries to compete and succeed in a global market.
These are just two examples of hundred of development projects underway that showcase how U.S. companies practice the capitalism we preach, often hiring up to ten locals for every U.S. technical expert deployed, and by nurturing budding local risk-takers and business leaders who go on to build more stable, prosperous, healthy communities in their countries. Development is by nature a long-term process and changing political winds can sometimes prevent short-term progress from taking root. But successes like these projects prove that USAID-planned, long-term development implemented by U.S. companies continues to unleash unstoppable and sustainable economic activity that is the only sure driver of progress in all other areas.