Development of Globalization - Essay Example

For instance, challenges in one country have a direct impact on another (Kaul & Conceição, 2006). Therefore, the private sector has become important in sparking development. However, the task is so overwhelming that it cannot be taken up by a single sector. Therefore, NGOs and charity groups have become very significant in ensuring that development is achieved.

Different countries are willing to initiate development in various parts of the world. However, the private sector cannot be entrusted with monitoring how the funds are being utilized. As a result, non-governmental organizations have been given this mandate because they have specialized in ensuring that the development funds reach the right people. However, the private sector cannot be left behind in development matters (De & Yehoue, 2013). It has been instrumental in identifying areas that need more attention to achieve any form of development. In addition, it has been at the forefront of ensuring grants given to the government to start development projects are utilized effectively for the benefit of all people.

Private sector partnerships with charity groups and NGOs would enhance efficiency. All these parties have a single agenda of initiating development in society. Therefore, once they bring their ideas and resources together, they would be able to achieve prosperity (Hodge, Greve, & Boardman, 2010). This is through closing the gaps that existed which were being used by the elite group and politicians to embezzle funds that were meant for development.

Content knowledge in topics such as climate change, financial access, and last-mile delivery provides non-governmental organizations with an advantage in assessing the needs of the community, policy implications, and customized solutions for specialized contexts (Desai & Potter, 2002). Moreover, decades of experience by the non-governmental organizations which have been working with communities is significant in integrating cultural awareness, trusted relationships, and contextual knowledge (Dewulf, Blanken, & Bult-Spiering, 2011). Private entities and other charity movements are yet to earn the trust of the local people. Developments require the endorsement of the people. Therefore, the relationship between these three stakeholders ensures that the development projects become successful. In addition, they ensure that there is less resistance which might hamper their implementation (Rosenau, 2000).

NGOs bring in expertise in service delivery, an aspect that allows other parties to carry out interventions with individuals or local organizations. The private sector and charity groups cannot be able to achieve this mandate alone. Therefore, the interaction of these parties ensures that they stay true to their mission of social impact (Link, 2006). In addition, combining all these aspects with the skills and resources of the private sector and charity groups enhances efficiency, and innovation and creates discipline while implementing development projects (Opp & Osgood, 2013).