Many countries, such as Morocco, Tunisia, Nepal or the Philippines, rely heavily on remittances from their migrant workers. Much of it goes into direct consumption with continued poverty when the worker returns. Savings schemes and investment funds are increasingly seen as options for social security of the migrant worker and business capital. They link an interested Diaspora to productive investments in their countries of origin.
Social business development assists in addressing social problems through non-loss/non-dividend companies which are financially self-sustainable with reinvestment of realised profits into the social business itself. Unlike a profit-maximising business, the prime aim of a Social Business is not to maximize profits - although generating profits is desired – and not to receive any dividend by the business owners.
While it is certain that environmental degradation and climate change will increasingly require enterprises, labour markets and (inter)national economies to react and adjust, the goal of environmentally sustainable economies will not be attained without the active contribution of technical assistance. The environment and socio-economic development must no longer be treated as separate pillars of sustainable development, but as closely interrelated dimensions.
RRED generally refers to the process of improving the quality of life and economic well-being of people living in relatively isolated and less densely populated areas (rural development) and operating economically in a larger environment (regional development) with high interdependence. This approach does not only take agriculture and forestry (the previous development targets) into account but focuses on a wider approach considering e.g.
Youth joblessness is a phenomenon not only in Southern European states but prevails in all countries of the developing world with increasing threats for development and stability. Qualifications for formal employment are desired by many, but jobs are scarce and job creation a longer term solution. Employment bureaus and job centres have to go beyond mere placement or recruiting services.
Private Sector Development (PSD) is increasingly acknowledged by governments, donors and development organisations as an important step to alleviate poverty and create healthy economies. Value Chain Development (VCD) is a participatory process that leads to comprehensive and coordinated interventions for pro-poor economic growth. Value chain approaches are particularly seen as a way to include the rural and farming-based sections of the populations to better functioning markets.
If we like it or not, institutions (government as well as non-government) in the economic set-up of any country play a spearheading role in economic development! More often than not, they are encrusted, passive and externally driven by weak governments and non-enforced laws. In order to turn them into proactive, thriving and learning organisations a number of small and concise inputs are required. Pro-active Business Membership Organisations (BMOs) are more inclined to assist shaping the environment into win-win situations for enterprises, clients and the national economy as a whole.
Economies of regions in crisis often suffer from the supply of free handouts with negative price effects, thus suppressing local production of food or outcompeting local trade. Labour markets are distorted with unskilled labour of displaced populations offering labour below a minimum requirement and skilled labour benefitting from relief agencies’ high wages. Opportunities of qualifying relief recipients to participate in the local economy are rarely utilized.