Business management skills should be incorporated by the governments of emerging economies, cutting wastage, providing better administration and empowering people to create small- and medium-sized enterprises, a former British minister of overseas development said yesterday.
At a briefing in Dublin, Baroness Chalker of Wallasey said a system of mentoring was the best way to assist emerging states. "There are lots of lessons from skills transference that can be taken one to the other."
Baroness Chalker is on the board of the Dublin firm Development Consultants International, which specialises in development consulting in emerging economies.
TDI Group, a wholly-owned subsidiary of DCI, said yesterday it had won two World Bank contracts worth more than €4.8 million (£3.8 million) to work on development programmes in Bangladesh and Ecuador.
The contracts were awarded under the World Bank's matching grant facility programme, designed to encourage exporters to undertake export diversification and development plans.