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Friday, April 18, 2008

Redefining Capital

Finally, I have seen my effort come to fruition with the e-book entitled: "Community Wealth Rediscovered: Knowledge for Poverty Alleviation".

The E-book contains six (6) case studies that redefines "capital" and identifying the capital of the "poor". More often, we always define poverty with financial capital, which delineates the "haves" and the "have nots." In these case studies, the writers (that includes me), tries to identify the community capital present before and after the projects were implemented in the areas. It is interesting to note that while we define capital in monetary terms, we tend to relegate to the background the cultural, social, institutional, stakeholder, natural, and structural capital that the people or community already have.

In a way, this effort tries to redefine the "poor" and poverty in general. This shies away from defining the poor on the basis of monetary considerations alone. In the end, we conclude that the "poor" as we usually call them, are not at all poor. They may be poor in terms of financial capital, but they are rich in terms of culture and social interactions. Thus, we take advantage of their strength as a community and start development efforts from there.

The E-book was launched during the "Panibagong Paraan" exhibits and events featuring innovative approaches to development management and poverty alleviation. The e-book was a joint undertaking of Peace and Equity Foundation, and Center for Conscious Living Foundation, Inc. - Philippines. The launching was held last April 9, 2008 at Megatrade Hall, SM Megamall, Mandaluyong City. "Panibagong Paraan" is sponsored by the World Bank.

Cross-posted at: VIEWS WITH A POINT

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