The American Leadership in Global Development (ALGD) coalition is a diverse group of leading U.S. multinational corporations and partner organizations committed to promoting economic development, increasing trade and investment and strengthening the rule of law in emerging and developing economies.
ALGD members share a common belief that improved coordination and partnership between U.S. global development programs and the private sector will have the twin effect of advancing U.S. development and foreign policy objectives and creating new market opportunities for American businesses in the developing world.
How ALGD Started
In March 2013, the Center for Strategic and International Studies (CSIS) Executive Council on Development release a paper entitled Our Shared Opportunity: A Vision for Global Prosperity. The Executive Council offered a series of recommendations to better integrate private sector companies and capital with U.S. foreign assistance and trade policy including:
- Place broad-based economic growth and job creation in developing countries at the center of U.S. development and diplomatic policy
- Use U.S. development resources and tools to strategically leverage the private sector in promoting development outcomes, and
- Facilitate wider and more effective engagement in developing countries by using our trade and finance tools more cohesively.
To advance the recommendations in the CSIS Executive Council paper, a group of leading U.S. multinational companies, co-chaired by Chevron, IBM, and Bechtel, came together to coordinate and leverage private sector expertise, operational experience, corporate social responsibility efforts, and advocacy efforts to support U.S. and foreign government policy reforms that both enhance U.S company competitiveness and advance development objectives in the developing world.
Value Proposition for U.S. Corporate Leadership
U.S. multinational enterprises bring know-how, best practices, technology, talent and practical understanding that can inform and improve U.S. aid programs and projects and positively shape U.S. trade and investment policy in the developing world. U.S. companies develop in-country partnerships, train and educate local workers, source regionally and locally, work with local communities and confront a wide range of policy and capacity constraints to achieve their business goals in the developing world.
Advancing U.S. Development and Foreign Policy
America’s private sector is its greatest tool for promoting global prosperity and stability in the 21st Century. Through enhanced partnerships with U.S. development programs, American businesses can play a more central role in facilitating economic growth, while advancing U.S. values and interests in all corners of the globe.