fbpx
Connect with us

Entrepreneurship

Soren Dawody on effective altruism and how it helps small countries develop through crisis

The Coronavirus pandemic is expected to stretch through a good part of 2021 as well, and small economies are the ones struggling most to cope with its impacts.

The countries that seem most affected are small regions such as Grenada, Dominica, St. Lucia and St. Kitts in the Caribbean, which rely a lot on tourism to move the economy. During times of financial turmoil such as the one we experience now, these countries will watch their economies collapse if something is not done soon.

Vulnerable populations are the ones who need the most help to battle the consequences of the COVID-19 pandemic. This is why entrepreneurs in the area are looking for ways to diversify the economy of these states and help them rely on something other than tourism for economic growth.

Soren Dawody and effective altruism

Soren Dawody is a sustainable development entrepreneur looking to use effective altruism to drive economic growth.

What is effective altruism, you will ask? As Dawody puts it, effective altruism is an approach that relies on “investing resources and effort to maximize the amount of good that can be achieved”. This means using your reasoning and knowledge to identify if a project you plan on supporting does indeed address the root cause of a bigger problem – in this case, economic diversity and growth.

One of the initiatives Soren Dawody is working on is Akros Global, which is, at its core, an immigration consultancy agency. This agency aims to take advantage of the recently-developed programs in Caribbean countries, known as Citizenship by Investment. CBI is an initiative that offers foreign investors citizenship in exchange for investing in the said country.

Through Akros Global, Dawody hopes to convince investors to invest a minimum amount of money in specific businesses in exchange for citizenship.

Soren Dawordy is not new to such initiatives, as he led several similar ventures in other small economies.

is not new to such initiatives, as he led several similar ventures in other small economies.

One such initiative is the Grenada Sustainable Aquaculture initiative, which is a sustainable aquaculture farm that produces tons of shrimp and fish products every year.

Rational decision-making, the key to effective altruism

Altruism is, by definition, an act of unselfish concern, but altruism done for the sake of altruism will only have short-term effects. For a person’s acts of altruism to pay off, rational decision-making is a must. We can’t go on doing good just because we were told it’s good to help others.

As Dawody explains, some of these rational decisions can be difficult to make, as they may also mean having to close branches or dismiss an employee. However, these decisions are paramount if entrepreneurs want their initiatives to remain financially healthy and continue to bring contribution to their surroundings.

Effective altruism is about finding a balance between compassion and rational thinking and managing to use both our intellect and heart to make informed choices. This way, the community does not receive momentarily help, but rather investments that will continue to support them now, as well as their children and grandchildren in the years to come.

Sujan Pariyar is the founder of the "Think 7 Figures" magazine and Silicon Valley Time. He shares stories of inspiring entrepreneurs from all around the world and tips to create a better life & business.

Advertisement Become A Crypto Expert

Join Disrupt Magazine

Become A Crypto Expert
Become A Disrupt Contributor

Most Disruptive

Entrepreneurship5 months ago

Navy Veteran Davis Chris Takes the Music Industry by storm

In life, you need to break down anything that might be holding you back and change course if need be...

Entrepreneurship5 months ago

5 Disruptive Leaders Paving the Way in 2021

Where there is uncertainty, lies a whirlwind of opportunity. 2020 was the year that had entrepreneurs learn a great deal...

Politics1 year ago

Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President

We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...

Business1 year ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance1 year ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship1 year ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship1 year ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Marketing2 years ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship2 years ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship2 years ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...

Trending

Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.