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Social impact bonds, explained

  • Written by Sheela Pandey, Assistant Professor of Management, School of Business Administration, Harrisburg campus, Pennsylvania State University
Social impact bonds, explainedOklahoma Gov. Mary Fallin, front, after she signed a law that allows pay-for-success funding for projects aiming to reduce female incarceration rates.AP Photo/Sue Ogrocki

A new approach to fighting poverty and solving some of society’s other big problems is emerging at a time when the federal government and states are cutting back on...

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