Globalization, long-term demographic trends, changing consumer preferences, and the state of public finances are driving the emergence of an “Impact Economy” for the first time in human history.
Analogous to the New Economy, the Impact Economy will fundamentally transform business, the public sector, and civil society: A multi-trillion dollar integrated social capital market; companies who seek authentic engagement instead of PR-focused corporate social responsibility; and private risk capital funding the design and delivery of public goods are around the corner.
The financial crisis and the recent G-20 commitment to reducing public debt levels will accelerate the transition.
Many new ventures and projects are under way to cover subsets of the Impact Economy. Beyond philanthropy, take microfinance, bottom-of-the-pyramid investments, clean energy and social investment banking.
It feels like the early days of a gold rush. As in any innovation phase, some firms will succeed and grow. Many will fail without ever reaching scale.
Meanwhile, the Impact Economy will change the way we consume, invest, and work.
For more thoughts on the Impact Economy, see paper.
The Impact Economy
August 23, 2010 by maximilianmartin1
Posted in Maximilian Martin, Social Ecosystem | Leave a Comment
Back to the Book
Authors
Topics
- Social Ecosystem
- Unmet Social Needs
- Charity Definition
- Charities
- Social Enterprise
- Social Entrepreneurship
- Capacity Builders
- Philanthropy
- Venture Philanthropy
- Donor Management
- Volunteerism
- CSR
- Media
- Government
- Regulator
- Culture & Leadership
- Technology
- Social Finance
- Global Civil Society
- Social Innovation
- The Phoenix Economy
-
Join 6 other subscribers
Blog Archives
- April 2011 (1)
- March 2011 (1)
- February 2011 (1)
- November 2010 (3)
- October 2010 (2)
- September 2010 (3)
- August 2010 (24)
Leave a comment