Democratic Capitalism and Philanthropy in a Globalizing World
نویسندگان
چکیده
Democratic capitalism has become the popular paradigm in the modern world, and it is spreading further through globalization. It is a model based on growth, expansion and constant innovation. However, it is accompanied by social problems which may worsen despite overall gains in wealth. In this paper, we suggest that democratic capitalist societies may benefit from the application of what has been a primarily American institution: Philanthropy. We present the Entrepreneurship-Philanthropy Cycle, which demonstrates the relationship between wealthy entrepreneurs, philanthropic contributions and economic opportunity. As a nonmarket and nonstate mechanism, philanthropy is unique in its structure and operations, and may offer the ideal approach to solving social problems. We suggest that both the internationalization of American foundations, and the growth of domestic philanthropy, can help developing countries offset social problems. JEL-classification: O10, P10, I30
منابع مشابه
Democratic capitalism and philanthropy in a global economy
Democratic capitalism has become the popular paradigm in the modern world, and it is spreading further through globalization. It is a model based on growth, expansion and constant innovation. However, it is accompanied by social problems which may worsen despite overall gains in wealth. In this paper, we suggest that democratic capitalist societies may benefit from the application of what has b...
متن کاملPositive and Negative Effects of Globalization On Iran's Economy and Culture
Globalization is a process of similarity and integration of human in the worldwide in influence of increasing and extension of information and communications technology, and compaction of time and space, under guidance of democracy and domination discourse of neo liberalism. Globalization becomes a process of reshaping human life through globalizing certain values, which include economic patte...
متن کاملSamir Amin the Implosion of Global Capitalism the Challenge for the Radical Left
Globalized capitalism – only yesterday having declared the "end of history" did not survive more than two decades before imploding. But what "other world" is being called forth to succeed it? Will capitalism enter a new phase in its deployment, less unbalanced globally and more centred in Asia and South America? Or will we see a truly polycentric world in which various popular democratic altern...
متن کاملCultural Motivation and Its Impact on Foreign Language Learning in Globalizing World
The study aims at focusing on the relationship between motivation, culture, and success in foreign language learning in globalizing world. Many studies have been done to examine the relationship between them. The studies showed that culture can play a motivating role in language learning success. Considering Gardner's instrumental and integrative motivation, a learner with a high degree of inte...
متن کامل