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Capital and the Common Good

Name: Capital and the Common Good
Brand: Columbia University Press
SKU: 10914892
Price: 22.1 EUR
Availability: InStock
Author: Georgia Levenson Keohane
ISBN: 9780231178020

How Innovative Finance Is Tackling the World's Most Urgent Problems

Georgia Levenson Keohane

Jazyk

Angličtina

Kniha Pevná

Libristo kód: 10914892

Nakladateľstvo Columbia University Press, september 2016

Despite social and economic advances around the world, poverty and disease persist, exacerbated by t... Celý popis

Libristo kód: 10914892

54 b

22.10 €

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Despite social and economic advances around the world, poverty and disease persist, exacerbated by the mounting challenges of climate change, natural disasters, political conflict, mass migration, and economic inequality. While governments have committed to addressing these challenges our aspirations run deeper than our pockets. Traditional public and philanthropic dollars are not enough. Innovative finance brings governmental, commercial, and philanthropic resources to bear on the common good: meeting the needs of the poor and underserved, solving global problems, and building a more sustainable and inclusive prosperity. Capital and the Common Good shows how market failure in one context can be solved with market solutions from another: an expert in securitization bundles future development aid into bonds to pay for vaccines today; an entrepreneur turns a mobile phone into an array of financial services for the unbanked; and policy makers adapt pay-for-success models from the world of infrastructure to human services like early childhood education, maternal health, and job training. Surveying the successes and missteps of these efforts, Keohane argues that innovative finance is as much about incentives and sound decision making as it is about money. When it works, innovative finance gives us the tools, motivation, and security to invest in our shared future.