Jacqueline Novogratz is pioneering new ways of tackling poverty. In her view, traditional charity rarely delivers lasting results. And commercial investors are also unwilling to seed the businesses and jobs that are needed in tough conditions. Her solution, outlined through a series of revealing personal stories, is “patient capital.” This means using philanthropic funds to help “bottom of the pyramid” entrepreneurs get their businesses off the ground. Listening, truly listening, is key, she says, and the marketplace is the best listening device we have. The result: sustainable jobs, goods, services — and dignity — for the world’s poorest. (Recorded June 2007 in Arusha, Tanzania. Duration: 18:35.)
Read more about Jacqueline Novogratz on TED.com.