Could social enterprise be an answer to the Greek crisis?
This article talks about the Greek Crisis in Greek, where a large percentage of people are unemployed, and the debt level is 160% of the country's GDP. This article also talks about how social entrepreneurship, can be the solution to financial crisis such as the one occurring in Greek.
Being a third year student, I have witnessed on how social enterprises are able to help provide job opportunities for the disadvantaged. This article raises a good point, that social entrepreneurs might be able to help their own countries through a similar approach. This articles also highlights the importance of support by the government, in starting up social enterprises. In Greece, where such financial crisis is occurring, it is important for the government to provide support for such social enterprises.
I feel that social enterprise might be able to resolve the financial crisis. The article also states that the crisis in Greece is not just a financial one, it is also a political one and there needs to be a long term solution to it. I feel that this situation shows how important social enterprises be, they need not solve problems such as hunger or child mortality rate, a simple social enterprise that provides jobs opportunities can be useful to individuals and to the economy of the country. Social enterprises can be a sustainable and impactful solution, even for developed countries. Even though Singapore is financially secure for now, we still need to be prepared for any unexpected crisis.
I feel that social enterprise might be able to resolve the financial crisis. The article also states that the crisis in Greece is not just a financial one, it is also a political one and there needs to be a long term solution to it. I feel that this situation shows how important social enterprises be, they need not solve problems such as hunger or child mortality rate, a simple social enterprise that provides jobs opportunities can be useful to individuals and to the economy of the country. Social enterprises can be a sustainable and impactful solution, even for developed countries. Even though Singapore is financially secure for now, we still need to be prepared for any unexpected crisis.
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