There is something extraordinary, mind-boggling, and even “impossible” going on in Zarraga, a 4th Class municipality in the Province of Iloilo, Western Visayas Region, Philippines. A world-class innovation is arising from the ashes of neglect, poverty, mismanagement, and widespread apathy. A new form of governance is beaming a brilliant light […]
Daily Archives: August 18, 2015
3 posts
Several decades ago, Ronald Coase, a world-renowned economist, introduced the concept of “transaction cost” into economics. His profound research showed that human beings invented economic institutions in order to reduce the transaction cost of doing business. Low transaction cost made business more efficient and productive. Coase won the 1991 Nobel […]
In recent years, the world has invented a very powerful and effective approach to address the planet’s greatest challenges. It is the coming together of civil society, government, and business, especially social entrepreneurs, around a challenge where they combine their unique talents and resources to create innovative solutions. This approach […]