Rising affluence highlights philanthropy's potential in Asia

Efforts to create a bailout fund to alleviate the debt crisis in Europe shows that philanthropy is not always conventional. This state-to-state transfer of financial assistance has been driven by desperation to stabilise financial markets rather than goodwill toward the Greeks. It is a brand of philanthropy that seems a far cry from the relatively simple strategy of giving by the affluent, but recent reports highlight interesting regional differences in philanthropic approaches …