Philanthropists from different regions tend to focus on varying causes of poverty as fundamental: lack of access to education is perceived as the top cause by philanthropists in the Americas, while scarcity of food and shelter is considered the top cause by those in Asia Pacific and lack of access to both healthcare and water by those in Europe. Despite the differences, "these problems very often have similar root causes," says Bill Woodson, co-head of Private Banking Americas Ultra-High Net Worth Business at Credit Suisse, "hence the need for systemic solutions."
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