Mapping Transformation In international development we see it more and more the need for leaders to play a new game. It is ironic that our best whole systems thinkers are becoming ever more frustrated at the lack of visible ...
We tend to assume that we must have a single, monopolistic currency, funded through bank debt, enforced by a central bank. But we don’t need any such thing! In fact, the present system is outdated, brittle and unfit for purpose (witness the eurozone crisis). Like any other monoculture, it’s profitable at first but ultimately a recipe for economic and environmental disaster. The alternative is a monetary ‘ecosystem’, with complementary currencies alongside the conventional one.
Businesses and NGOs mainly rely on traditional approaches to fundraising. But in recent times, both sectors have shown significant interest and had great success in the adoption of crowdfunding as a contemporary approach to fundraising.
However, NGOs and businesses need to recognise the challenges of adopting crowdfunding, and how they may operate and effectively use it in the future.
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