Forced migration continues to disturb the peace of the world. Over 100 million people are constantly on the move seeking shelter. The people flee their homes and countries in search of peace and accommodation abroad. Some migrants escape war, terrorism and oppressive regime while others escape poverty injected to their system by their countries’ economy. George Soros puts blame on the government due to failed policies. The Hungarian –American citizen announced his plan to donate $500 million towards the funding of refugees by initiating businesses and startups.
In 1947, George Soros fled Hungary for England with the aim of collaborating with multinational organizations to assist refugees in wealth creation by investing wisely. Not only did Soros help refugees in investing but also, hinted that he was a benefactor. In his statement, George indicated the firm’s plan to seek investments in various sectors including emerging digital technology which aims at providing solutions to particular issues faced by refugees. A study by the U.N High Commissioner for Refugees and Accenture established that communication is vital for refugees hence their need for mobile phones on nybooks.com.
In addition to cell phones for communication, refugees require food, shelter, safety and water for comfortable lives. Technology can assist refugees to access help from the government including health, legal and financial services. The investments made by Soros and partners will be monitored and owned by nonprofit organizations. According to Soros, the investments are intended to be successful, but their focus is on generating useful services and products to the migrants and host communities.
Following Soros’ opinion published in the Wall Street Journal, his core concern revolves around uplifting refugees and migrants relocating to Europe although he adds that George Soros will invest in good ideas to benefit migrants globally. A prominent research by Office of the United Nations High Commissioner for Refugees indicates that over 65 million worldwide flee their homes to seek shelter in Europe. Half of the refugees include underage children. The same research shows that 1.3 million migrants were seeking asylum in Europe. The high numbers of migrants and refugees in Europe have however ignited war among European countries who have not settled on a workable plan to solve migrant’s issues.
About George Soros
The founder and chairperson of Open Society, George Soros serves more than 100 countries via the branches of the firm. His dedication to Open Society has a positive impact on migrants including respect and peace. Soros commenced philanthropist acts in 1979 by awarding black South Africans under apartheid with scholarships. He offered primary help in undermining Communism in the Eastern Bloc through promoting Xerox machines to copy banned messages while rooting for cultural exchange with the whites. George Soros attributes his success to independence in financial markets.
George Soros recently wrote an article about a new initiative of his. He intends to help migrants get out of poverty. He sees a huge problem for the future of these people who have been unsettled by forced migration from their native lands. More than 10 million people over the world are moving about. Most of them live in fear and have no financial security on opensocietyfoundations.org. Many of these people are running away from a civil war caused by oppressive regimes in their home. Others are running away from a life of wretched poverty. All of these people need opportunities for economic advancement.
Governments around the world have a responsibility to address these issues. It is necessary for the creation of social and physical infrastructure for refugees and migrants. Private businesses are also needed to make this situation work. President Obama made a call to action recently to US companies. In it he asked them to play a larger role in helping to meet the challenges that migrants face when trying to integrate into the economy. Private sector leaders are convening to discuss ways to do that at the United Nations. George Soros decided to make a personal contribution to the effort. He set aside $500 million to aid with investments that will address the problems that refugees, migrants, and the communities that are hosting them face. George Soros is investing money in established companies, and startups, and initiatives that can have a social impact on refugees and migrants. His primary concern while doing this is to make a difference in the lives of migrants in Europe but he wants to help people all over the world as well.
George Soros believes that his commitment of investment equity will help the philanthropy that is also being done by his other foundations that are doing work to address migration and its related problems. George Soros has been working for decades to address issues like this. He is looking for investment opportunities in many sectors such as digital technology. It may be one of the best opportunities to meet the challenges that migrants face when they are dislocated. If advances are made quickly in the digital sector it can help people get access to other vital services like health services, financial services, and legal services. Many businesses are already putting billions of dollars into such services for other communities around the world. Money is being moved around instantaneously through mobile wallets and this will help migrants at http://www.nytimes.com/topic/person/george-soros. When you bring customization options that extend these services to migrants it will improve the quality of life for millions of them around the world.
Every investment that George makes in the future of migrants will be under the control of his nonprofit organization.