The Private Sector in International Development
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Level: Undergraduate, Graduate
Division: The New School for Public Engagement
School: Milano School of International Affairs, Management, and Urban Policy
Department: Milano General Curriculum
Course Number: NINT 5434
Course Format: Seminar
Location: NYC campus
Permission Required: No
The role of the private sector as a development sector actor has expanded and evolved. In 2011, private sector development assistance was estimated between $22-53 billion–and growing at a rate of 80-100% over the last five years. INGOs, donor and local governments all cite private sector partnerships as a strategic priority. Over the last decade FDI has expanded 10-fold compared to a 3-fold increase in official development assistance (ODA). Currently pharmaceutical companies spend billions on global health, each year. Companies like Danone, Vodafone and Barclays and others have set up dedicated social impact venture funds. The course will give a framework for understanding the different modalities of private sector (multinational company) engagement in development, including models of philanthropy, CSR, corporate volunteering, impact investing, and shared value. The course will use a case study based approach to emphasize a ‘real-life’ view of how decision-making happens, how and why organizations partner together, and the power and pitfalls of market-based development approaches. The class style will cover practical skills needed to influence and advance private sector thinking, including teaming, public speaking, problem solving, as well as development of persuasive arguments and business cases.
Course Open to: Degree Students with Restrictions