What is it about?
Social finance has been heralded as a driver for social change and social good. It is framed as an attempt to “humanize” or re-moralize capitalism by utilizing financial markets to tackle social problems. Social finance represents the emergence of new models, which are oriented mainly toward not only solving some social problems but also gaining a reasonable profit. The purpose of this research is, therefore, to determine the role of Human Resource Development (HRD) in this emerging field of Social Finance.
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Why is it important?
Human Resource Development has an important role to play in this Brave New World of Social Finance. Attending to the human and developmental aspects of social finance organizations should be a critical issue for HRD.
Perspectives
Proponents of social finance like me are of the conviction that many people will be earning a good amount of money instead of just a small group of people getting very rich. Social finance also influences social innovation and social entrepreneurship, which can solve many problems of today’s economic system. Just like any other innovations and advances, there also those who are very critical of social finance. While dedication to social finance to solve social and environmental problems increases among governments and the networks of supporting organizations, broader opinion on the merits of the various forms of social finance like development bonds are divided.
Prof. Robert M Yawson, PhD
Quinnipiac University
Read the Original
This page is a summary of: HRD and the Emergence of Social Finance as a Driver for Social Change, February 2020, SAGE Publications,
DOI: 10.31124/advance.11787297.v1.
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