By François Bourguignon, Boris Pleskovic, Yehuda Elkana
This ebook offers papers from the convention on ''Scaling up the luck of capability construction in monetary schooling and Research,'' which happened in Budapest on the principal ecu college campus. It comprises contributions from key researchers, teachers and coverage makers from Europe, the USA, and constructing nations that determine and brainstorm on ability construction demanding situations.
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Extra info for Capacity Building in Economic Education And Research: Lessons Learned And Future Directions
Employees, of course, build expertise and institutional knowledge, which makes their investment of time especially valuable. Volunteers often fill in gaps by providing knowledge, perspectives, and work products that can greatly complement, expand, and diversify the body of resources available for creating impact. Knowledge developed through investments of time can be stored, shared, and used over again. This knowledge can take the form of policies, procedures, techniques, decision-making tools, and the like.
3 Understanding the Problem We don’t always invest in causes based on a systematic, thoughtful process. But by thinking carefully about which issues matter most to us, we can direct our resources to initiatives that best address the issues we care about. John, a physician who was also an avid hiker, regularly donated money and time to outdoor programs and volunteered every summer to build and maintain wilderness trails. One summer, however, his focus changed. While he was traveling in rural Mexico, a massive flood cut villagers off from access to medical care.
Many donations and grants are simply gifts and yield no financial returns to the investor. Charitable organizations have become increasingly entrepreneurial, however, and their own operations often have revenue-generating components. Although revenue may not cover all of the organization’s expenses, this model places them on the part of the continuum in which a portion of the capital invested is returned in the form of financial gains, reducing the demand for ongoing grants or donations. “Social first” investments hold the middle ground.