Are Gates and Rockefeller using their influence to set agenda in poor states?
Ultra-rich philanthropists and their foundations have increasing influence on decision-making and are setting the global health and agriculture agenda in developing countries, according to a major study (pdf).
Using their immense wealth and influence with political and scientific elites, organisations like the Bill and Melinda Gates Foundation, the Rockefeller Foundation and others are promoting solutions to global problems that may undermine the UN and other international organisations, says the report by the independent Global Policy Forum, which monitors the work of UN bodies and global policymaking.
With assets of more than $360bn (£250bn), the world’s 27 largest foundations give roughly $15bn annually to charitable causes. Nineteen of the 27 are American and many are now looking to extend their influence to poorer countries, say the report’s authors.