Capitalizing on New Capital |
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Around the world, communities have a wide variety of alternative currencies in use, but those currencies may languish at the economic fringes, failing to attract enough attention to provide value beyond a handful of individuals. The question, then, is how societies can capitalize on currency innovations to foster community development. This question become particularly pertinent when a country's mainstream economy is in shambles or when a given community simply operates largely in isolation from its motherland.
Contributed by Arielle Eirienne, Power.of.Purpose! Communications
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Known Solutionsfor Capitalizing on New Capital |
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When we give change overseas in american or foriegn stores aways go for dollors instead of change this causes an increase of value the dollor being recieved for that country keep change in money close...
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Local exchange trading systems (LETS) are community-based barter systems that rely on trade of goods and services. TIME magazines reports that about 40,000 individuals in the UK use LETS for a portio...
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Innovative Solutionsfor Capitalizing on New Capital |
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Example make the dollor strengthen the dollor by means of this simple example if you do, somthing like hamburgers you get one free when purchase two. If you do that people would buy things surroundin...
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Ithaca, New York, has incentivized participation in its alternative currency scheme -- also a local development initiative because it promotes trade within the region -- by providing advertising advan...
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Venezuela has experimented with the concept of "prosumerism," in which an alternative currency system is employed -- but one can only participate in the system if s/he sells something in the prosumer ...
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An innovative method of using alternative currencies to promote community development is to incentivize the completion of projects vital to community development - by paying do-gooders with something ...
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Commentson Capitalizing on New Capital |
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