The Social Eonomy is an economy that is based on social goods and services produced by a
wide range of community, voluntary and not-for-profit organisations that are traded through fair
commerce principles. It refers to a third sector in economies between the business private sector,
which is privately owned and profit motivated, and the public sector which is owned by the state.
It includes organisations such as cooperatives, non-governmental organisations and charities
capable of generating social profits equal to or higher than profits generated by
the traditional business approach.
Paul Collier: Ways to Improve the Poorest Countries.
Around the world right now, one billion people are trapped in poor or failing countries.
How can we help them? Economist Paul Collier lays out a bold, compassionate plan for closing
the gap between rich and poor. From 1998 to 2003, Collier was the director of the World Bank’s
Development Research Group; he now directs the Centre for the Study of African Economies at
Oxford, where he continues to advise policymakers.
