a shared vision for global prosperity
April 19, 2013 – Chevron Executive Vice President of Policy and Planning Rhonda Zygocki shared Chevron's vision for international development at the Center for Strategic & International Studies (CSIS) Executive Council on Development report release event on March 4 in Washington, D.C. At the event, Zygocki was among partners in this important work.
Chevron Executive Vice President of Policy and Planning Rhonda Zygocki and other business, government and nongovernmental leaders, share perspectives on the importance of partnership in driving economic development around the world. Watch the Video
The report, "Our Shared Opportunity: A Vision for Global Prosperity" is part of the Chevron Forum on Development for the U.S. Leadership in Development Program at the CSIS. During a day-long series of panels, Zygocki and other business, government and nongovernmental leaders shared perspectives on the importance of partnership in driving economic development around the world. Participants included former U.S. Senate majority leader Tom Daschle, Helene Gayle, president and CEO of CARE USA; Farooq Kathwari, chairman, president and CEO of Ethan Allen Interiors Inc.; and Daniel Yohannes, CEO of Millennium Challenge Corporation, among others.
Many of the leaders referred to a critical statistic that reflects the new paradigm in international development. Although government funding accounted for 71 percent of financial flows to developing countries in 1960, only 9 percent of current financial flows come from governments. Much of the investment today is the result of the private sector.
The report also outlines how the U.S. government can work in coordination with the private sector to effectively achieve the goal of broad-based economic growth in countries around the world. "By centering on economic growth, we would view development through the lens of business investment and trade versus aid, creating opportunities to build on the massive investments finding their way into the developing world today. This simple shift in how we think about development creates a monumental shift in the scale of outcomes we can influence," Zygocki said.
"The future of U.S. engagement must also be a shared agenda: All U.S. assets—the public and private sectors—collaborating, partnering and complementing each other to progress global development," she added. Chevron continues to help develop in the communities where we operate. Over the past six years, our social investments in community development totaled $1 billion and our investment in goods and services to deliver affordable energy exceeded $200 billion.
To learn about CSIS and Chevron's shared vision for global development, read more about the Executive Council on Development.
Published: April 2013