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Tonika Hirdman, Director General of the Fondation de Luxembourg shares her views on why philanthropy is key to the Luxembourg financial centre. Globalisation has brought us a huge increase in welfare in practically all regions of the world. More and more people enjoy being part of democratic societal systems. Nonetheless, numerous people still live in great distress and poverty.
Many are struck by armed conflict, fatal deceases and extreme weather conditions. Social problems, like social exclusion and youth unemployment remain unsolved even in developed countries. How do we find solutions to all these challenges?
Governments do not have all the answers and in these times of economic crises, public welfare budgets are even shrinking. At the same time,...
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