Joint Ventures (JVs) and the Millenium Development Goals (MDGs)
The cooperation of two or more individuals or businesses–each agreeing to share profit, loss and control–in a specific enterprise.
Investopedia Says: This is a good way for companies to partner without having to merge. JVs are typically taxed as a partnership.
Millenium Development Goals (MDGs)
The eight Millennium Development Goals (MDGs) – which range from halving extreme poverty to halting the spread of HIV/AIDS and providing universal primary education, all by the target date of 2015 – form a blueprint agreed to by all the world’s countries and all the world’s leading development institutions. They have galvanized unprecedented efforts to meet the needs of the world’s poorest.
The United Nations says that a global partnership for development is necessary for sustainable development.
Joint ventures and partnerships underscore the fact that we all need each other to grow, develop and sustain growth. Joint ventures are becoming increasingly popular in the internet community and I have subscribed to a few. They help foster networking, relationships and ultimately positively affect your bottomline.
Zig Ziglar said, “You can get anything you want out of life, if you help enough other people to get what they want.” That’s exactly what Joint Ventures is all about – working together to achieve common goals.
The Secretary-General of the UN said : “We will have time to reach the Millennium Development Goals – worldwide and in most, or even all, individual countries – but only if we break with business as usual… Success will require sustained action across the entire decade between now and the deadline. It takes time to train the teachers, nurses and engineers; to build the roads, schools and hospitals; to grow the small and large businesses able to create the jobs and income needed. So we must start now… Nothing less will help to achieve the Goals.”
We are all working together to help each other but somehow we do not necessarily make the link to others across the globe.
The first goal of the MDGs is to eradicate extreme poverty and hunger and goal 8 is to develop a global partnership for development.
The joint venture strategy can accomplish that without a doubt, but we have to begin thinking outside the parameters of “me” and extend the parameters to “us” as called for in forging global partnerships.
It is so obviously possible that there must be reasons why sustainable global partnerships have not been done before on a large scale – issues like distrust and dishonesty, inequitable application of laws and tariffs, large outputs of funds and lack of accountability, lack of information, cultural issues regarding language and customs…etc., or if they have worked their information is not circulated widely.
Or, perhaps visualizing the joint venture as a strategy for developing global partnerships has not yet been thought through to look at how small businesses can help small business around the world, especially at micro and meso levels…At the micro level, not for profit organizations are helping in the area of microfinance, with excellent results.
But there is a wide gap from micro to meso, with meso having a lot of gray areas yet to be identified and understood.
Using the joint venture strategy as a strategy to achieve goal 8 of the MDGs is possible. The possibility is there, and the time has come. If the will is there, it can be done. We however would need to cleary define and develop the “it”. Saving the planet depends on all 6 billion plus people working together and supporting each other. In addition to undertaking green practices and behaviors, working together also means helping each other grow and thrive economically.