April 23, 2009
Giving Around the World Faces Recession Snags
Economic woes threaten fledgling philanthropic efforts in Africa, Asia, and Latin America — but the crisis may also contain opportunities
As global wealth grew during the last two decades, so did philanthropy. New wealthy donors emerged in Africa, Asia, Latin America, the Middle East, and other developing regions, while many governments sought to create laws to spur charitable efforts. In a sense, modern philanthropy was no longer an American
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