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Global Washington: What do we mean by development? | 

On the first day of Global Washington‘s annual meeting, being held through Tuesday on the Microsoft campus, one of the primary challenges facing many participants is “development.”

The word, that is — what it means and how to know if you’re actually doing it.

“It has a lot of different meanings depending on who you’re talking to,” said Bill Clapp, a co-founder of Global Washington and one of the region’s leading philanthropists especially active in the anti-poverty strategy known as microfinance.

(Microfinance has also had a bit of an identity crisis as an anti-poverty scheme lately. Some, like the Grameen Foundation, are trying to set standards for measuring social impact.)

“What we mean by development is social development,” said Clapp. By that, he means they are focused on the kind of development that actually improves the health and welfare of people. Continue reading