I've been thinking about the best way to maximize the impact of my charity dollars, not only to make a difference to the recipients life, but also, to achieve a social good.
I believe that spending the money in the developing world would make the money go much further, and has a greater public benefit impact as well. Being Indian, that leads me to wanting to direct my charity to India.
Healthcare and education are the areas I view as greatest public goods. Sure, a developing economy needs more engineers and architects and entrepreneurs and a host of other critical contributors... But I want my money to go towards helping drive grassroots change as people work their way out of poverty.
At the margin, I want to help enable a poor student to learn medicine, and I want to incent her to practice medicine in a rural area or a small town. I need to figure out a way to reach a young girl (who may be a greater agent of change in a patriarchal society) who would otherwise not find financing, so I'm making a genuine difference at the margin, not just subsidising education for someone who would have become a doctor on her own (or borrowed)dime anyway. And how do I get her to stay and practice in places most in need of doctors, when she can earn so much more by moving to the bigger cities?
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