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Description. By Lorenza Victoria Salati and Giulio Focardi: "The Multifactory Model reflects our approach, our filter, our vision. It focuses on the idea of a community made up of economically minded subjects, such as SMEs, craftspeople, free-lancers, or artists and non-profits that adopt an entrepreneurial approach in the search for ...
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By Michael H. Shuman & Doug Hoffer: "A growing body of evidence suggests that the businesses most beneficial to a communityeconomy are those that are locally owned and import-substituting. 1. Local ownership means that working control of a company is held within a small geographic area. 1. Import-substituting means that the company is focused first...
"Local ownership turns out to matter for economic development in at least five ways: • Locally owned businesses generally contribute more to the “economicmultiplier” than nonlocal businesses – which translates into more income,wealth, jobs, and tax payments – because the former spend more moneylocally. • While absentee-owned businesses increasingly...
The Multiplier vs. Leakage
"Every purchase triggers purchases by others within a community. For instance, a dollar spent on rentmight be spent again by the property owners at the local grocer, who in turn pays an employee, who thenbuys a movie ticket. This phenomenon is what economists call “the multiplier.” The more times a dollarcirculates within a defined geographic area and the faster it circulates without leaving that area, the moreincome, wealth, and jobs it creates. This basic concept in community economics high...
The importance of import-substitution for local prosperity
"Import substitution matters for economic prosperity as well. Every time a communityimports a good or service that it could cost-effectively produce for itself, it “leaks”dollars and loses the critically important economic multipliers associated with them.Unnecessary imports – of foreign oil, for example – also subject a community to risks ofmajor price hikes and disruptions outside local control. And they deny a community adiversified base of businesses and skills that are needed to take adv...
Description WAMOTOPIA 2023: From December 16, 2023, to January 1, 2024, Wamians will jointly undertake a profound exploration of the future world, weaving a spectacular emergence, a prototype society of the future in Chiang Mai. In August 2022, a group of ...
Retrieved from "https://wiki.p2pfoundation.net/index.php?title=Non-market_Activities&oldid=51922"
Description. "How Stuff Is Made (HSIM) is a visual encyclopedia that documents the manufacturing processes, labor conditions and environmental impacts involved in the production of contemporary products. It is a free, independent, academic resource published by engineering and design students, who research and produce summative photoessays ...
2016年6月20日 · Famously, Polanyi distinguished two different relations in which markets can stand to society. On the one hand, markets can be “embedded,” enmeshed in non-economic institutions and subject to non-economic norms, such as “the just price” and “the fair wage.”. On the other hand, markets can be “disembedded,” freed from extra ...
Katharina Pistor: "This Article explores data as a source and, in their processed variant, as a means of governance that will likely replace both markets and the law. Discussing data not as an object of transactions or an object of governance, but as a tool for governing others on a scale that rivals that of nation states with their law."
