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Report Catalogue Data

  Report Class   General Public Report
  Analysis Type   Development Thrusts
  Issue Category   Community Development
  Release Date   05_27_2008
  Last Update  
  Reference Code   GPR-DT.CD.CI-20080527-WDI

Community Investments
Social Welfare Driven Investments


Aggregation of small crafts practitioners to form native crafts dependent corporations, as
an approach to social welfare driven economic development of underdeveloped communities, has been presented as having the potential for creating large number of employment opportunities. The task of founding such crafts-based corporation has also been presented as viable. However, the founding of any corporation is often capital intensive, therefore, making available investment vehicles for such economic development investments is simply being socially responsible.

Interestingly, the United Nations has launched the Millennium Economic Development Program which has been supported by many other International Agencies. Most of these agencies have money to make available, however, most of these agencies also operate under diplomatic constraints to make  investments only by partnering with the governments of the countries. History of course has shown that most of these projects have often failed. On hindsight the World Bank, International Monetary Fund and even the United States have been blamed for these failures, for making onerous stipulations with respect to free market policies that do not apply to the developing countries. Yet every year these World bodies continue to offer to help development projects to the Developing countries that do not benefit from the programs.

Obviously if the United Nations Millennium Development Programs must be successful then a different approach must be adopted. The United Nations and the Millennium Development Participating agencies must aim to take the programs to the community levels of the various countries. These World Bodies must also institute the infrastructure to enable community leaders and entrepreneur or community-designated entrepreneurs to directly contact the agencies with the appropriate development plans. The United Nations must show that it is committed to the Millennium Development Program by putting in


place the legal structures that enable countries to permit communities to undertake development program under terms that are set by the various development bodies.

One approach to accomplishing this would be to work through the World bodies, The International Monetary Funds, World Bank and et al, to enable a make-over of such organizations and  demand that debtor countries allow such development program as a means of supporting economic development for debt repayment.

Moreover, the agencies must implement a structure that enables communities to take on defined final risks that would not have to be borne by the embodying countries. A contributory risk assumption program such as The World Bank had in place several years ago would be suitable. That program was defined, at least, on the surface as a local resources development support program: Any group of local investors intending to embark upon venture development that has at the core, the development of local resources would get funding proportional to the investment risks assumed by the investors. In this version of the program aimed at community development, the resources development investors role would be assumed by the communities.

Obviously, such investment vehicles both by the World Bank and other capitalists and World Development Agencies should foster the growth of developing nations and the uplifting of humanity in general in consistence with the objectives of the United Nations Millennium Development Program. As such investment vehicles along this line of general well-being of humanity is the exactly the program that should be implemented.

An approach to getting the development programs available to the local communities would be to engage Non-Governmental Organizations as surrogates to manage the projects assessment phase that should include the collecting and


processing of the initial applications. Because NGOs are not bound by some of the self-defeating diplomatic protocols, these organizations can establish investment arms geared towards the development of specific communities of a nation.  They could also easier recruit from communities and have the recruits catalogue all the community-based crafts. Subsequently analysis of the commercial viability of each craft can be performed prior to release of request for investment proposal.

Accordingly, NGOs can and should include for such purposes the cataloguing of resources of the regions within which they wish to participate, and show the economic benefits of the development of such resources. NGOs should also partner with investment firms to development investment program relationships through which community development programs could be enabled. Most of all, because the development of venture entails extensive training of the participants on thinking corporate, NGOs would be better positioned to undertake such tasks while still meeting its overall objective of education.


Development Venture

Several community crafts abound from which corporate organizations can be developed to create employment for the citizens as well as effect local resources development


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