The Peacework 2011 Annual Report starts with the Bloomsberg Businessweek headline, “The Kids Are Not Alright!” While global development organizations try to address conditions that lead to extreme poverty around the world, a new generation is feeling hopelessness and desperation because of global economic disparities. We believe that the solution is the alliance of institutions and villages, of needs and resources, that Jeffrey Sachs talks about in The End of Poverty.
Peacework has teamed up with numerous institutions around the world to foster economic development through entrepreneurship. The University of Texas McCombs School of Business, Peacework, and ITVET in Orange Walk, Belize (Institute for Technology & Vocational Education & Training) are educating students about entrepreneurship, and also providing grants from the Youth Business Trust Belize for start-ups. As a result of this project, two of the McCombs business students have compiled a small business development module to be used by ITVET regional programs throughout the country.