Suchergebnisse

This book offers research on the microfinance movement that is providing poor people around the world an opportunity to take responsibility for their lives by providing them complementary elements such as financial capital and guidance. - Provided by publisher

Sustainable Development Goal 16 talks about Peace, Justice, and Strong Institutions, and goal 10 talks about reducing inequality. A major problem exposed by the COVID-19 crisis is that public deficits seem to be the normal state in the business cycle's booms and downturns, limiting capacity for emergencies. Corporate capitalism has an incentive to perpetuate deficits to increase growth, provide risk-free interest income to financial institutions, and to increase inequalities and economic injustice. To counter this problem, the purpose of this communication is to suggest that countries need to issue equity capital, which we term macro-equity. This macro-equity will give dividends to its shareholders in times of public surplus and issue new shares in times of public deficits. The communication is written as a mind experiment, debating the issues that may arise. This proposal raises many questions of an ethical and moral nature that will lead to passionate debate. The use of macro-equity will reduce countries' stress, created by high public debt. With appropriate incentives, it may create an entrepreneurial mindset in political leaders that may even reduce corruption and promote redistribution. The moral and ethical issues need to be weighed against the street violence in the absence of any change.

AbstractSocial entrepreneurs sell dreams of solving a social problem of a segment of society to entice a broader segment of society to subsidize their ventures. They are motivated by a combination of passion and compassion, need for creativity, problem solving, and esteem. They sell their dreams by storytelling and narratives in order to obtain subsidized resources. In order to achieve their goals, they need to demonstrate the impact for the continuance of subsidies. Too much financial profit leads to withdrawal of subsidies.

AbstractMinorities seeking majority legislations need to communicate the increased option set and limit the downside risk for the system. Social movements urging for change require institutional support including enabling legislation. Public policy support may require associating with similar movements or other stakeholders. Loss aversion, downside risk, crisis, and real options may be reasons for majorities to approve minority legislation.

Legislators in developed countries are loss‐averse and hesitant to make regulatory changes to accommodate new technologies, fearing destruction of a system that works.

Social entrepreneurs who are genuinely following their mission may find unexpected disaster if the industry as a whole does not conform to the social consciousness created by their image.