In Forbes, Rhett Power highlights how the Fundación Paraguaya has captured global interest with its innovative methodology
Forbes, one of the most influential business magazines, and journalist Rhett Power, known for his expertise in entrepreneurship, have set their sights on the Fundación Paraguaya and its Poverty Stoplight methodology. In a recent article, Power emphasizes how this revolutionary approach is empowering families to overcome poverty, and how the private sector can play a vital role in this global fight.
In his article entitled «Here’s How The Private Sector Can Eliminate Global Poverty», Power narrates how the Fundación Paraguaya created the Poverty Stoplight, a unique methodology that allows families to self-assess, identify vulnerable areas and take concrete measures to improve their quality of life. The approach breaks poverty down into six key dimensions ranging from employment to personal motivation, and helps families transform their problem areas (marked in red or yellow) into «green» ones, meaning self-sufficiency.
The article also highlights the impact of this method on the business sector. According to Rhett Power, more than 330 companies in 24 countries have adopted the Stoplight, achieving improvements in the quality of life of their employees, which translates into greater productivity and general well-being. The founder of Fundación Paraguaya himself, Dr. Martin Burt, underscores that companies that engage in such initiatives not only generate social value, but also obtain economic benefits, since happier workers are more productive workers.
Forbes and Rhett Power emphasize the importance of initiatives like this to achieve the eradication of poverty globally, not only as a social responsibility, but also as an opportunity for the business sector to contribute to the well-being of their communities.