Lunch & Learn n°7
Lundi 2 juillet 2012
Philanthropy rises in the East: Trends and challenges for Asian philanthropy
Over the past decades, Asian countries have benefited from an impressive economic growth. Asia leads the world in the number of new “high net worth individuals” (HNWIs), while a growing middle class now enjoys consumerism. Meanwhile, entrenched poverty, income inequalities and largescale environmental issues have become major concerns, especially in demographic giants such as India and China. Building on this “new wealth” linked to business successes, philanthropy is a vibrant phenomenon among Asian nations. As recent studies by UBS-INSEAD and Bain & Company show, a new generation of young philanthropists emerges at the crossroads of the business and community structures. How do these new trends complement more traditional approaches? How do generations differ in their philanthropic enterprises? What causes and practices are prioritized? What are the main challenges for Asian philanthropy and what can we learn from it?
Rob John, Visiting senior fellow at the Asia Centre for Social Entrepreneurship & Philanthropy, NUS Business School, Singapore.
Filipe Santos, Professor at INSEAD Business School, Co-Author of the UBS-INSEAD study on Family Philanthropy in Asia.