Philanthropy in Asia is becoming more professional

The Economist

Within global philanthropy, the spotlight generally falls on the wealthy West. It is tycoons from the rich world who are lauded for giving away vast sums. The most talked-about trends in giving are set in America, in particular. But with rapid economic growth, a new generation of wealthy donors is emerging in the developing world, too, and nowhere more so than in Asia. Philanthropy in Asia is gradually becoming more strategic, with donors focusing on long-term solutions rather than short-term charity.

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