Capital and the common good : how innovative finance is tackling the world's most urgent problems

Resource Information

The work Capital and the common good : how innovative finance is tackling the world's most urgent problems represents a distinct intellectual or artistic creation found in Waubonsee Community College. This resource is a combination of several types including: Work, Language Material, Books.

Label

Capital and the common good : how innovative finance is tackling the world's most urgent problems

Title remainder

how innovative finance is tackling the world's most urgent problems

Statement of responsibility

Georgia Levenson Keohane

Creator

• Keohane, Georgia Levenson

Author

• Keohane, Georgia Levenson

Subject

• Finance -- Moral and ethical aspects
• Finance -- Social aspects
• Finanzinnovation
• Gemeinwohl
• Kreditmarkt
• Risikokapital
• Social responsibility of business
• Capitalism -- Social aspects
• Common good

Language

eng

Summary

Despite social and economic advances around the world, poverty and disease persist, exacerbated by the mounting challenges of climate change, natural disasters, political conflict, mass migration, and economic inequality. While governments have committed to addressing these challenges-- with such efforts as the Paris Agreement on Climate Change or the Millennium Development Goals-- our aspirations run deeper than our pockets. Traditional public and philanthropic dollars are not enough. Innovative finance brings governmental, commercial, and philanthropic resources to bear on the common good: meeting the needs of the poor and underserved, solving global problems, and building a more sustainable and inclusive prosperity. Innovative finance has provided polio vaccines to children in the DRC, crop insurance to farmers in India, pay-as-you-go solar electricity to Kenyans, and affordable housing and transportation to New Yorkers. Capital and the Common Good shows how market failure in one context can be solved with market solutions from another: an expert in securitization bundles future development aid into bonds to pay for vaccines today; an entrepreneur turns a mobile phone into an array of financial services for the unbanked; and policy makers adapt pay-for-success models from the world of infrastructure to human services like early childhood education, maternal health, and job training. Surveying the successes and missteps of these efforts, Keohane argues that innovative finance is as much about incentives and sound decision making as it is about money. When it works, innovative finance gives us the tools, motivation, and security to invest in our shared future

Member of

• Columbia Business School publishing

Cataloging source

DLC

Dewey number

174/.4

Index

index present

LC call number

HG101

LC item number

.K46 2016

Literary form

non fiction

Nature of contents

bibliography

Series statement

Columbia Business School publishing