Abstract
Alexandru Balasescu proposes ways to counter the current economic crisis in a small community in Bucharest, Romania. Drawing on the experience of various actors in ‘La Bomba’ he suggests that a collaboration of NGOs, Big Businesses, Government and Universities may transform the social fabric into a more economically prosperous one. He exposes the multiple layers of development and economic crisis as he argues that the key to change is to build trust between different types of institutions and encourage entrepreneurial spirit in all of them.
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References
Ferguson, James (2007) Global Shadows. Africa in the neo-liberal world order, Durham, NC: Duke University Press.
Yunus, Muhammad and Karl Weber (2007) Creating a World without Poverty: Social business and the future of capitalism, New York, NY: PublicAffairs.
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Suggests that the key to change is to build trust and entrepreneurial spirit among different types of institutions
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Balasescu, A. Learning from a Flower Market in Romania: Community, social fabric and the promise of economic prosperity. Development 53, 410–415 (2010). https://doi.org/10.1057/dev.2010.58
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DOI: https://doi.org/10.1057/dev.2010.58