The Anatomy of Corruption: The Practice of Pension Fund Trustee Decisionmaking

1998 ◽  
Vol 30 (7) ◽  
pp. 1235-1253 ◽  
Author(s):  
G L Clark

The model of pension plan trustee decisionmaking introduced in a previous paper is extended here emphasising aspects of the social psychology of investment decisionmaking, including collegiality and the necessity of justification. To give the analysis structure, I begin with the framing logic of Kahneman and Tversky and introduce three different frames structuring decisionmaking, starting with the ‘weapons of influence’, the ‘strategies of justification’, and, finally, the ‘emotions of relationships’. The focus of the paper is on how and why corruption occurs in trustee decisionmaking, especially concerning community development projects. Implications are drawn from the model of corruption for current debate over the proper scope of regulation. It is argued that the current system of trust law and case-by-case adjudication is inadequate in the face of the systematic nature of corruption and the potential harm occasioned by corrupt trustee decisionmaking. It is also argued that the model of corruption sketched in this paper can be applied to a wide range of investment decisions, not just community development projects (the initial reference point for the paper).

2021 ◽  
Vol 2021 (4) ◽  
pp. 84-98
Author(s):  
Vitalii RYSIN ◽  

Crowdfunding as a tool for alternative financing has emerged relatively recently and is of limited use in Ukraine today. At the same time, it has significant potential, which can contribute to the implementation of a wide range of projects that for various reasons are not of interest to traditional lenders or investors. The aim of the article is to determine the benefits of crowdfunding for its participants, the peculiarities of the implementation of certain types of crowdfunding and identify risks that may be generated by them, as well as develop practical recommendations for crowdfunding campaigns by entrepreneurs and authors of community development projects. The article identifies the benefits of crowdfunding for project authors (low cost of capital, access to information and potential investors) and investors (clarity, low risks, access to new products, the ability to support creative ideas), substantiates the role of crowdfunding platforms in realizing the benefits of crowdfunding. The advantages and disadvantages of using certain types of crowdfunding are described. Recommendations for planning and implementation of the main stages of crowdfunding campaigns - idea development, target audience determination, research, communication, project budgeting, reward system development, campaign schedule development – are developed. The factors of choosing a crowdfunding platform for hosting the project are determined. The possibility of using crowdfunding for collective financing of socio-cultural projects within the public budgets of the united territorial communities is shown. The risks of using crowdfunding for project authors and potential investors are identified. Those risks are primarily related to realistic expectations and proper preparation for the fundraising campaign by project authors, as well as the lack of guarantees for investors in the event of problems or bankruptcy of the crowdfunding platform. The author highlights that the growth of public awareness about the possibilities of implementing social or business initiatives through crowdfunding platforms will contribute to the development of platforms, improvement of technological equipment, and expansion of their range of services.


This book, the second title in the Rethinking Community Development series, starts from concern about increasing inequality worldwide and the re-emergence of community development in public policy debates. It argues for the centrality of class analysis and its associated divisions of power to any discussion of the potential benefits of community development. It proposes that, without such an analysis, community development can simply mask the underlying causes of structural inequality. It may even exacerbate divisions between groups competing for dwindling public resources in the context of neoliberal globalisation. Reflecting on their own contexts, a wide range of contributors from across the global north and south explore how an understanding of social class can offer ways forward in the face of increasing social polarisation. The book considers class as a dynamic and contested concept and examines its application in policies and practices past and present. These include local/global and rural/urban alliances, community organising, ecology, gender and education.


2013 ◽  
Vol 860-863 ◽  
pp. 37-43
Author(s):  
Hao Kun Song

s: In this Article, the author took the solar energy project of Wenhai Village, Lijiang as an example, comprehensively analyzed the impacts of the solar energy project on the sustainable livelihood of the community from the analytical perspective of sustainable livelihood framework by participatory development and evaluation of indicators. The evaluation results indicated that the solar energy project had significantly positive impacts on the community. The project had relatively greater effects in increasing the social assets, financial assets and human assets of the community. While conducting case analysis, the author also explored the approaches and operation processes for sustainable livelihood framework in community development projects. Research Background


1991 ◽  
Vol 20 (1) ◽  
pp. 41-63 ◽  
Author(s):  
Pete Alcock ◽  
Jane Shepherd ◽  
Gill Stewart ◽  
John Stewart

ABSTRACTThe authors discuss the development of welfare rights advisory work in Britain, tracing its origins from the Community Development Projects of the late 1960s to services which are funded mainly by local government. Changes in social security legislation in 1980 introduced a largely non-discretionary regulated scheme which was quickly exploited by welfare rights advisers to maximise the take-up of single payments. Advisers and social workers were blamed for generating a deluge of claims by informing claimants of their right to extra benefit. Hence, in 1986, the government restricted entitlement to single payments. It is argued, on the basis of a survey of single payment queries made to welfare rights advisory agencies, that those restrictions foreshadowed the coming of the social fund—with its discretion, cash limit and extremely limited eligibility. The implications for welfare rights work in this changed climate are considered.


Author(s):  
Anna Waligora ◽  
Alona Revko

Urgency of the research. Social entrepreneurship covers a wide range of tasks from area of social policy that should ensure the normal living conditions of the local community. From this point of view, the main task of social entrepreneurship is to improve the well-being of local community and meet its needs by the implementation of social infrastructure services. Target setting. In the paper the hypothesis is formulated that Ukraine has worse conditions for the formation and development of social entrepreneurship than Poland. The study is proved that development of social entrepreneurship in Poland in the light of EU regional policy consists in the support of social enterprises by the state in accordance with the National Program for Social Economy Development, the European Union. Actual scientific researches and issues analysis. Some aspects of social entrepreneurship and community development are covered by the studies of such scientists as J. Defourny, J. Hausner, Jan-U. Sandal, A. Nicholls, G. Keohane, J. Kerlin, O. Pankiv and others. Uninvestigated parts of general matters defining. It should be admitted that there is a problem of state support for social enterprises at the appropriate level in Ukraine. This only deepens the differences between the social enterprises in Ukraine and Poland. It is worth noting that as a consequence of this, social entrepreneurship of Ukraine is more business-oriented than in Poland. The research objective. The study on the social entrepreneurship and its impact on the local community development undertaken at national and regional levels, i.e. on statistical material concerning 22 regions of Ukraine and 16 voivodships of Poland. The study used a comparative method of developing social entrepreneurship in Poland and Ukraine. In addition, the study carried out in the paper was enriched with drawings made on the basis of graphic and cartographic data presentation methods. The statement of basic materials. As part of the research, the concept of social entrepreneurship (prosocial business) was defined, the features of the social entrepreneurship in Poland and Ukraine were analysed, and the ways of the social entrepreneurship development in Ukraine were presented. Conclusions. Based on the results obtained, recommendations were presented to strengthen and develop social entrepreneurship in Ukraine.


2008 ◽  
Vol 2 (1) ◽  
pp. 47-69 ◽  
Author(s):  
Tanja Winkler

AbstractGrowing efforts by religious communities to pursue political goals have directed scholarly attention to their role as potential antipoverty and development agents in local settings. Yet agents are organized in a myriad of ways. Some forge alliances across traditional boundaries via 'bridging' mechanisms; others defend particularistic interests by adopting 'barrier' strategies. The former, however, is more likely to lead to the social transformation of poor neighbourhoods. Accordingly, in Johannesburg's most stressed inner-city neighbourhood, Hillbrow, sites of faith-based activities have become 'spaces of hope' for approximately seventy percent of its residents and at least eight faith-based organizations (FBOs) facilitate social and welfare programmes abandoned by the City Council. Here, despite the implementation of community development projects, poverty and hardship prevail. This article seeks to investigate reasons for developmental fragmentation by researching the institutional and political cultures of Hillbrow's FBOs and the City of Johannesburg.


2017 ◽  
Vol 27 (1) ◽  
pp. 34-55 ◽  
Author(s):  
Lisa Eklund ◽  
Navtej Purewal

China and India, two countries with skewed sex ratios in favor of males, have introduced a wide range of policies over the past few decades to prevent couples from deselecting daughters, including criminalizing sex-selective abortion through legal jurisdiction. This article aims to analyze how such policies are situated within the bio-politics of population control and how some of the outcomes reflect each government’s inadequacy in addressing the social dynamics around abortion decision making and the social, physical, and psychological effects on women’s wellbeing in the face of criminalization of sex-selective abortion. The analysis finds that overall, the criminalization of sex selection has not been successful in these two countries. Further, the broader economic, social, and cultural dynamics which produce bias against females must be a part of the strategy to combat sex selection, rather than a narrow criminalization of abortion which endangers women’s access to safe reproductive health services and their social, physical, and psychological wellbeing.


Al-Risalah ◽  
2020 ◽  
Vol 11 (2) ◽  
pp. 129-152
Author(s):  
Sya'roni Tohir

Community development is an effort to improve the social strata of community life from education, economy and social culture. If we relate it to da'wah, then community development is part of da'wah's work. Why does the writer say part of preaching work? Because preaching work is broader than just community development. Da'wah is to invite people to the goodness (all goodness). What is good is improved to be better. The point of preaching is to make multi-dimensional improvements. The dimension of the relationship between the servant and his Lord and the dimension of the relationship between the servant and the servant. And the relationship between the servant and himself. Like the dimension of monotheism, knowledge, economy, health, law, human rights and culture. If we observe the things done by community development activists, then we can conclude that the concepts that are carried out in the efforts of community development are part of the concept of da'wah. If so, then the concept of community development is the concept of da'wah.


2020 ◽  
Vol 9 (1) ◽  
Author(s):  
Phu Van Han

After more than 30 years of national reform, Ho Chi Minh City has made great changes in economy, living standards and society for all population groups, including the Cham Muslim community. The study clarifies the social characteristics, community development trends in the current sustainable development process of the Cham Muslims. At the same time, explore the adaptability of the community, clarify the aspects of social life and the development of Cham Muslims in Ho Chi Minh City. Thereby, providing insight into a unique cultural lifestyle, harmony between religion and ethnic customs, in a multicultural, colorful city in Ho Chi Minh City today.


2001 ◽  
Vol 40 (1) ◽  
pp. 71-74
Author(s):  
Attiya Y. Javed

The economic reform process began in India in 1991. However, the reform agenda is still far from its goals as is evident from low per capita income. Thus, this reform effort has not produced the desired outcome of a faster rate of economic and social development in a meaningful way. It is the premise of this volume that to transform the social and economic landscape, the proposed reforms should be broadbased and multi-pronged which take into account incentives for the stockholders in both the private and public sectors. The institutions are the rules that govern economy and include the fundamental legal, political, and social rules that establish the basis for production, exchange, and distribution. The two editors of this volume have received contributions from a number of authors and the wide range of papers are grouped under five main headings: political economy of reforms, reforming public goods delivery, reform issues in agriculture and rural governance, and reforming the district and financial sector.


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