Skip to Content
 
 
 

Economic Development Resources

Articles, Blogs, and News

Introducing: Micro - World Vision's Microfinance Initiative

At worldvisionmicro.org, you can browse entrepreneurs who are looking for a hand up, not a hand-out. Many of our entrepreneurs are women in rural areas who would otherwise be unable to access support of this kind. These small business owners will use the loan you funded to improve their business prospects and their lives.

Read more

Course 406 - Theology of Work

Course 406 - Theology of Work (3 credits) This course will look at the theology of work and how work fits into ministry and God’s Kingdom.

Read more

An Introduction to Systemic Theology

Executive Director Andrew Sears outlines a new branch of theology called "Systemic Theology", which provides a systems perspective on the world and God that prioritizes holistic ministry and justice.

Read more

A basic education in Economics

Borgman, D. (2002, August 20). What to Believe? S. Hamilton, MA: Center for Youth Studies.

OVERVIEW

Some things on economics should be written by those outside the discipline or practice—by those bound neither by ideology nor profit interest to a particular view or practice of economics. For those of us who care but don’t fully understand, the articles in the Business section of the New York Times (2002, August 8) serve a basic education.

Read more

ECONOMICS RESOURCES

 

ECONOMICS RESOURCES

 

ORGANIZATIONS

Contact economics departments of community and liberal arts colleges and universities near you.

 

Chalmers Center for Economic Development
"The Chalmers Center is a research and training initiative of Covenant College that specializes in community economic development. The Center training equips people with practical field-tested strategies that have been carefully developed and refined in cooperation with partnering Christian development agencies and churches worldwide."

Community Investment Center


Very useful in helping people know how to invest their money so that communities and the poor can benefit.

The Economic Research Service (ERS)


The prominent source of economic data and research from the US Dept of Agriculture.

EnterWeb - Community Economic Development


Provides a ton of helpful links for CED related organizations and websites in North America.

 

Five Talents International
"Based on the parable of the talents (Matthew 25:14-30), Five Talents’ mission is to fight poverty, create jobs and transform lives by empowering the poor in developing countries using innovative savings and credit programs, business training and spiritual development."

New American Dream


A comprehensive website that urgers Americans to live consciously, buy wisely and make a difference.

National Child Labor Committee
New York City, NY (212) 840-1801

New Economics Foundation


Based out of the UK, this is an innovated "think and do" tank committed to incorporating social and environmental factors into their study of economics.

STAT-USA


A branch in the Economics and Statistics Administration, US Dept. of Commerce, which offers vital economic, business and international trade data from the US government.

 

ARTICLES

 

Bachman, J. G. (1983, Summer). "Premature affluence: Do high school students earn too much?" Economic Outlook USA, p. 65.

 

Brady, J. (1989, July 10). "The summer job." Advertising Age, p. 32.

 

Butterfield, B.D. "The high cost of the teenage worker." (1986, December 2). The Boston Globe, p. 47.

 

Duff, M. (1990, June). "Tying learning to earning." Supermarket Business Magazine, 45, p. 29.

 

Eisenburg, H. (1988, April 4). "Your teenager should work, right? Wrong." Medical Economics, 65, p. 55.

 

Gonzales, M. (1988, May). "The ways of youth." American Demographics, 10, p. 22.

 

Graham, E. "The call of the mall: With time to kill and money to spend, teenage ‘mall rats’ can’t stay away." (1988, May 13). The Wall Street Journal, p. 7.

 

"Luring youth to fast-food jobs." (1989, August). USA Today, 118, p. 7.

 

Marriott, M. "For teenagers, jobs but not careers." (1988, March 19). The New York Times, 137, p. L29.

 

Raspberry, W. (1989, November). "Too good for manual labor: The very kids who most need employment are being taught that work is beneath their dignity." Reader’s Digest, 135, p. 155.

 

Robb, C. "Study links excess work to students’ problems." (1991, April 29). The Boston Globe, p. 1.

 

Rubinstein, C. "The American family is adjusting to teenagers work-spend ethic." (1988, January 21). The New York Times, pp. 17(N), C1(L).

 

Salk, L (1990, October). "After-school jobs: Are they good for kids?" McCall’s, 118, p. 102.

 

Sherer, M. (1990, June 27). "Working children: Heeding child labor laws is only the first step: Employers can do much more to help teenagers juggle school and work." Restaurants and Institutions, 100, p. 62.

 

"Sweet 16 and ready to work." (1988, January 20). The Economist, 306, p. 21.

 

Victor, K. (1990, July 14). "Kids on the job." National Journal, p. 1712.

 

Whitman, D. (1989, June 26). "The forgotten half." US News and World Report, p. 74.

 

Wildavsky, B. (1990, January). "McJobs: Inside mcdonald’s, america’s largest youth training program." Reader’s Digest, 136, p. 126.

 

Williams, C.C. (1988, February). "National youth service—at long last?" Black Enterprise, 18, p. 55.

 

BOOKS

 

Anderson, E. (1990). Streetwise: Race, class and change in an urban community. Chicago: Chicago University. Enlightens outsiders about the cultural realities of inner cities and street society.

 

 

Canterbury, E.R. (1987). The making of economics (3rd ed.).

 

Case, K and Fair, R. (1994). Principles of economics (3rd ed.). Prentice Hall.

 

 

Fusfeld, D.R. (1987). Economics (3rd ed.).

 

Galbraith, J.K. (1987). Economics in perspective: A critical history.

 

 

Greenberger, E. & Steinberger, L. (1986). When teenagers work: The psychological and social costs of adolescent employment. Basic Books. Authors conclude that the effects of part-time work on high school students are more detrimental than beneficial. Arguments are forceful and thought provoking.

 

Heilbroner, R. (1988). Behind the veil of economics.

 

Hill, R.B. & Nixon, R. (1984). Youth employment in American industry. Transaction Books. The book provides overview of the 1980s’ youth employment situation, with special emphasis on hiring patterns and job programs for young minorities.

 

Holzer, H. (1996). What employers want: Job prospects for less educated workers. Russell Sage Foundation. Empirical studies on the spatial mismatch theory which argues that jobs have moved away from inner cities. Holzer’s research shows that housing discrimination and transportation limitations hinder inner city and minority people to find good jobs.

 

Kotlowitz, A. (1991). There are no children here: The story of two boys growing up in another America. Doubleday.

 

Lemann, N. (1992). The promised land: The great black migration and how it changed America. Random House.

 

MacLeod, J. (1995). Ain’t no makin’ it: Aspirations & attainment in a low-income neighborhood (revised ed.). Boulder, CO: Westview. Two several-year contacts with two different groups of young men (one mostly white, the other mostly black), tests economic theories. Surprising results.

 

Osterman, P. (1980). Getting started: The youth labor market. The MIT Press. This provides the background and development of youth labor market. Observations are based on interviews with men in two Boston neighborhoods (East Boston and Roxbury) and talks with business executives in Boston and Worcester, Massachusetts.

 

Phillips, K. (1990). The politics of rich and poor: Wealth and the American electorate in the Reagan aftermath. Random House.

 

Rima, I.H. (1978). Development of economic analysis (3rd ed.).

 

 

Samuelson, P. (1980). Economics (11th ed.).

 

Samuelson, P. & Nordhaus, W.D. (1989). Economics (13th ed.).

 

Schumacher, E.F. (1974) Small is Beautiful: A Study of Economics as if People Mattered. Sphere Books, London, 255pp.

 

Schumpeter, J.A. (1965). Ten great economists.

 

Silk, L. (1976). The Economists.

 

Sowell, T. (1983). The economics and politics of race. William Murrow.

 

Stern, D. & Eichorn, D. (eds.). (1989). Adolescence and work: Influence of social structure, labor markets and culture. Lawrence Erlbaum Associates. Authors view youth education and labor issues from several perspectives.

 

Sullivan, A.O. (1993). Urban economics (2nd ed.). Homewood, IL: Irwin Publishers.

 

 

Williams, T & Kornblum, W. (1985). Growing up poor. Lexington Books of D.C.: Heath. Why and how some urban and rural kids make it out of poverty; stresses the role of a mentor.

 

Wilson, J. (1987). The truly disadvantaged: The inner city, the underclass and public policy. Chicago: University of Chicago. Classic work on the spatial and social isolation of inner city poor.

 

 

REPORTS AND STUDIES

 

"The forgotten half: An interim report on the school to work transition." (1988, January). The William T. Grant Foundation Commission on Work, Family and Citizenship.

 

"The forgotten half, pathways to success for America’s youth and young families." (1988, November). The William T. Grant Foundation Commission on Work, Family and Citizenship.

 

"Vocational education for at-risk youth: How can it be made more effective?" (1988, August 1). Center for Advanced Human Resource Studies, School of Industrial and Labor Relations, Cornell University.

Dean Borgman and Keith Chrisanthus cCYS


ECONOMICS OVERVIEW

 

ECONOMICS OVERVIEW

 

(Download Economics overview as a PDF)

The word, economics, comes from the Greek (oikonomos) referring to the manager or management of a household or estate. In Jesus’ parables, it was often translated “steward.”  From there, we think of justice, the way homes, communities, organizations and society ought to function—and the importance of well-functioning systems and responsible partners. As the term has become narrower and more specialized, we should not lose its original meaning—the moral basis of economics. This is important because, economics, as they say, is what makes the world go round.

Economics is "the science that deals with the production, distribution, and consumption of wealth, and with the various related problems of labor, finance, taxation, and so forth." (Webster’s New Twentieth Century Unabridged Dictionary, 1979.)

Basic to human existence on earth is human survival. This is true from an individual, familial, or societal perspective. Such human survival depends upon securing food, clothing and shelter. In this sense, economics is the primary social or behavioral science.

There will still be differences of opinion about the position and relative importance of economics. Marxism and the economic determinists tend to view all of life through economic lenses. But even those who object to such positions see how powerfully economic forces shape individual and institutional behavior. Economics sways elections, convinces legislators, shapes education, and influences the church decisions. It is often considered the bottom line.

The boundaries of this discipline are also subject to debate. Economics deals with a society’s production, exchange, and consumption of goods and services. Microeconomics studies how individuals, families, and business organizations make choices about money, goods and services, and supply and demand. Macroeconomics looks at a nation’s gross national product, the results of production, and income. Achieving national growth and prosperity along with the well being of all citizens is the aim of a just economy.

Economic activity strives toward the highest consumption of wealth (goods and services) within the available supply of human and material resources. Money and prices are disciplines or means of structuring the process in which human desire always exceeds available resources. Households or individuals, on the one hand, are expected to seek maximum satisfaction or utility in the way they spend within the limitations of their wealth. Businesses, on the other hand, try to maximize profit by being responsive to goods and services needed and desired by households and individuals. Household spending choices are interpreted by business in ways that establish the laws of supply and demand.

National wealth is measured in terms of production and income, called its Gross National Product (GNP). A nation’s GNP is the sum total of all final goods and direct services produced during a given year. (The raw materials that go into a final product and services making goods are excluded to avoid double counting.) The size of the GNP along with the national income reflects the level of employment. Most agree that full employment, of all who need income and are able to work, should be the goal of a healthy and just economy.

What makes for a just economy and how it is achieved is, of course, a major academic and political debate. According to the Economic Policy Institute, CEOs made24 times the average worker pay in 1965, 100 times in 1995, 300 times in 2000. In 2005 they calculated the CEO income as 262 times the pay of the average worker; CEOs making in one working day what the average worker made in a year (see their The State of Working America, 1006-2007). With stock options and bonuses, these chief executives, it was calculated, make up to $5,000 per hour while their entry level workers and those at the bottom of the economic pyramid make only a few dollars an hour ([1988]. Dollars and Sense, 138, 10-11). In the early 1990s, American CEOs could expect an annual salary package of more than $2.4 million (determined as the median total). Meanwhile, the median salary of the entire population over fifteen years of age was $17,696, and many families were well below the poverty level (Francis, D.R. [1994, May 20]. Executive pay in the U.S. just goes up and up. Christian Science Monitor, p. 9.) Ethicists call this issue a matter of distributive justice.

In their book, Corporate Predators, Russel Mokhiber and Robert Weissman figure Disney executive Michael Eisner made more than $575 million in 1998—on  top of his $750,000 salary, he claimed $9.9 million in bonuses and cashed in on $565 million in stock options.

The World Institute for Development Economics Research of the UN University in Helsinki, reported in December, 2006 that two percent of the world’s population holds most of the world’s wealth. This wealth is mostly concentrated in North America, Europe and high income Asian-Pacific countries, countries that hold collectively 90% of the world’s wealth.

Such facts lead some to conclude that the American economy is structured, as the global economy, to create poverty and extreme economic inequality. The salaries of sports figures and celebrities are a fitting goal to some and a scandal for others. How to narrow the gap between professional athletes and urban school teachers is a difficult matter, but those working with young people know the power of fantasies of wealth, that there just are not enough good jobs available-especially for urban youth, and that those who go beyond job requirement to educate young people are not fairly compensated. (See MacLeod's Ain’t no Makin’ It)

The Great Depression and more recent business scandals, as well as the financial crisis of 2008, relate to greed and unregulated risk-taking for the benefit of a few. The Charlotte Observer’s Business section ran an article: “Enron’s Corruption Spread Like Wildfire: Collapse was because of ethical misbehavior and bad business decisions, too” (20Jan03, 13A). Acknowledging the roots of such problems links economics to ethics and makes this topic not just a business but a moral issue. The causes of this global crisis are too complex for any single analysis or blame, but significant features and responsibilities beyond debate and generally accepted are outlined in Danny Schechter’s Plunder: Investigating our Economic Calamity and the Subprime Scandal, Cosimo, 2008—even though many will not follow his full polemic.

Nations should strive for high economic performance to secure their international and regional positions and to provide the best for their citizens. How they can reward and motivate their leaders while providing for the poorest of their population is a challenging question. But it is a question that must be discussed in the realms of academia, politics, and faith.

QUESTIONS FOR REFLECTION AND DISCUSSION

  1. What questions or issues does this article raise in your mind?
  2. How do you define and describe economics? How does it apply to your life and work?
  3. Do you consider the issue of a just economy to be critical and relevant? How would you pursue it?
  4. Can we reduce the costs of welfare without spending more money on job training and the creation of jobs available to urban and rural poor?
  5. Though the complexities of economics and politics must be respected, what basic principles might move us toward the dignity of full employment?
  6. What do you see as the relationship between national and global economics?
  7. How would you present this material or initiate discussion on this topic with junior high students? With high school students? With other young adults?

IMPLICATIONS

  1. Economic crises and scandals of the twenty-first century are matters of youthful concern.
  2. There is a longing for economic sense, truth, and justice in the hearts of many—including young people—in our world today. But these goals cannot be reached without some understanding of economics.
  3. Economic concerns cannot be separated from other individual and social matters. Our times demand holistic thinking and a systems approach.
  4. There is an interesting and critical relationship between economics and theology, between faith and practice.
Dean Borgman cCYS

10 Principles of Development

Greg Snell, “Developing Good Development: 10 Principles to guide your… next mission project,” Christianity Today, November, 2007,p.52.

 

OVERVIEW

 

Is help helpful, band-aid, or counterproductive? Why are many giving up on aid to Africa and other parts of the world? What does partnership have to do with this, and how can it be made to work? This writer speaks from his experience in Kenya.

 

There’s never been such a time in the world for development strategy as now (Greg Snell begins). Recently I read an article by a professor who essentially declared to the development world: “Give up.” And this professor is not alone. Many analysts have noticed that when Westerners try to help developing nations, we often waste large amounts of money, undermine local economy, or make locals dependent on us for generations.

 

It’s important to stop and ponder the above—even to discuss it with others. One youth minister in Nairobi decried the “cancer of dependency,” the begging for money amid widespread corruption and nepotism. He was pondering years of paternalistic colonialism and similar paternalistic attitudes of Western governments that followed independence, and streams of relief organizations. He was considering churches whose romantic notions of helping and doing good often brought more satisfaction to donors than practical and long-lasting help to recipients. This American youth leader was dealing with a continuous line at his door asking for help (mostly money). It’s important to take this all in and to realize the writer of this article (Greg Snell) faced all these realities in his helping over the past decade or so. He goes on:

 

But I cannot give up, because I’ve seen development succeed time and again…. I know firsthand that helping people help themselves is one of the toughest businesses you can be in. But it can be done successfully….

 

This controversy may stimulate our minds, but won’t do anyone much good if we get lost in theory. Snell goes on to describe his own experiences to offer ten principles capable of turning good intentions into viable realities:

 

  1. Know More than your Mission Statement. In other words, know the vision and value behind your mission statement  (and editing I would emphasize that individuals, organizations, and churches all need clear mission statements.) Continue to lift up your vision and values (Snell continues) to ensure they are owned from the grassroots to the “grasstops” of your organization.

  2. Avoid Deficit Auditing. Don’t look at what a community lacks—so-called “deficit auditing.” Instead use… “asset auditing” in which all resources (human, economic, cultural and spiritual) are acknowledged and harnessed.

  3. Seed the Project with Local Seeds. (Don’t fund an entire project; begin with money from the situation itself, local funding. External donations should be complementary to local initiatives proven to grow and diminish need for aid.)

  4. Make the Rounds Early and Often. God has leaders in every nation. It is important to meet with them early on and to be sensitive to local political (and cultural) realities. What can we do to help you accomplish your objectives?

  5. Build Values before Buildings. When leaders were about to close a project, a local pastor asked me (Snell) to help him raise $3,000 to fund the primary school, now that the organization was pulling out. I asked him, “What percentage of the school budget are the local people going to provide?” “None,” he said, “Pastoralists—they don’t believe in education.” I replied, “then, close the school and first work on building the values that stress the need for education. You can reopen the school when people see the need and are willing to get behind it.”

    He was speechless. That school had been propped up artificially. Development is more about building values first, then methods, projects and buildings. Beliefs and values guide behavior. We will do what we value.

  6. Practice cost-sharing. Projects will succeed when those controlling them have incentives for projects to succeed. Cost-sharing does not always mean money. There are other forms of sacrifice like labor, time, and materials. (The writer gives two examples: one a good windmill project fully funded from abroad; when the windmills broke, locals did not repair. When the American donor was later asked to fund a grinding mill for the women of the village, he said he would respond after they had raised $2,500. That mill is still working.)

  7. Use the Eyes and Ears of Locals. (You need impartial, local informants, with whom you have a trusted relationship, to let you know what’s really going on.)

  8. Don’t patronize. (A president of an American ministry told African church leaders) “Now keep in mind that what I bring you, you don’t have to accept. Please feel free to use only what you need and want.” … a wise and courageous African leader reprimanded him. “Don’t treat us as children. We are adults and know what our people need and what they do not need,… we can decide what is good.”

9.     Answer Questions Slowly. (We Westerners from what we call, the “Developed World,” tend to be quick on analysis and impatient regarding complexities. Our solutions often smother local initiative.) A wise African church leader once told a missionary, “If you see a spark of a flame of leadership in an African leader, be careful not to blow it out.” (Good advice; could even this border on paternalism?)

10.                        Plan Exit Strategy. For every successful long-term development project, there needs to be a plan for the transition of power, energy, and momentum. Physical separation is often required for that transition to become a reality. One axiom of development is that the people with the resources are ultimately the ones in control. The goal should be resource transition…. My pastor used to preach about the “ministry of presence”—and about the “ministry of absence.”

Snell’s advice and principles have to do with one of our world’s most pressing issues. If both humanitarian documents and the Gospel speak of liberation from the oppressive constraints of poverty, the poor need to experience empowerment and opportunities to sustain their families and serve their communities—to achieve dignity for themselves and their families in an economic world.

 

QUESTIONS FOR REFLECTION AND DISCUSSION

 

1. With what here do you strongly agree or disagree? What comments or questions do you have?

2. Do you understand the words paternalism, dependency, counterproductive? If not, how can you best and most quickly clarify these? Do you find this article itself paternalistic? If so, how can these issues be dealt with in a fairer way?

3. What experience do you have in helping disadvantaged people to help themselves? What problems have you (or others you’ve watched) faced in doing so?

4. Consider and discuss blind spots and problems in donors and recipients. Some African church leaders have told Americans: “Just give us the money; we know best what to do with it.” Is this problematic in any way?

IMPLICATIONS

 

1. The increasing gap between rich and poor nations and individuals with all the injustices that such a gap perpetuates should be of concern to all—especially people of faith.

2. The dysfunctional gap between rich and poor is costly to the world in what gets lost, in terms of human and labor potential, as well as in the cost of dealing with the trouble it causes (crime, drug addiction, riots, wars).

3. The reduction of poverty is a major intention of the UN’s Millennium Development Goals, an effort and development strategy joined by many churches and people/organizations of good will.

4. For people of faith, rectifying the indignities and destruction of poverty is a part of the Gospel (see Leviticus 25 and Luke 4, etc.).

 

Dean Borgman   c. CYS

Economics and religion from a youthful perspective

 

Borgman, D. (1990). Economics and religion from a youthful perspective. S. Hamilton: MA: Center for Youth Studies.

OVERVIEW

The word "economics" comes from a Greek word meaning the science of household management, and it is usually defined as "the science that deals with the production, distribution, and consumption of commodities." (Webster's II New Riverside University Dictionary) Or, one can describe economics as dealing with the management of scarce resources, division of labor, the production of goods, and the distribution of material rewards among the people of a society, community, or business.

Here, we are interested in the relationship of economics and religion. How have religion and economics interacted in early tribal societies, in traditional religious societies, and finally in modern secular societies?

At the beginning of the twentieth century, Max Weber directed attention to the interaction of religion and economics. His thesis was that the Protestant Reformation had prepared the way psychosociologically for the rise of capitalism. He spoke of the "Protestant Work Ethic" in particular, which served as a psychological motivator for commercial entrepreneurs.

The work of Weber and those who followed him should make students, pastors and theologians realize that religion is not only a personal matter. Religion plays an important role in society. In this century, to be sure, religion has been pushed out of secular life-and often has abdicated its role as a determinant of social justice.

Today's youth indicate that economic matters are of primary concern to them. In the main, they are interested in their own financial futures. But they are also disturbed by the unfairness of economic life and are ready to discuss economic justice.

Human dignity demands the ability of individuals and families to work in order to provide their basic needs of food, clothing, shelter, medical attention, and education. Contemporary societies look for a balance between the incentives of a market economy and the security of public welfare.

Great religious figures have often challenged economic thinking in radical ways. Jesus taught his followers not to be anxious about material things, to give their surplus goods-even their second coat-to the poor, and to put spiritual priorities above wealth. The Christian Church must be clear about its theology of work and economics; it has a prophetic mandate to proclaim the biblical principles of an economy that preserves the dignity of all. The Church should also be clear about the fact that all Christians have callings-whether in ministry, education, government, or business. It must develop the clear principles for an ethic of the marketplace. Pastors and Christian leaders should be a constant encouragement to those who struggle with right and wrong under the pressures of the profit motive.

QUESTIONS FOR REFLECTION

  • Can religion or Christian theology be judged by its ability to foster economic and social justice?
  • Can religion or Christian preaching judge the justice of socioeconomic development?
  • Can religion and economics, faith and business, be kept separate?

 

IMPLICATIONS

  • Youth and their leaders are continually expected to deal with these questions and issues in today's world.
  • It is possible to treat youth in such a way that their deeper questions are never expressed. Church and leaders should encourage youthful questions, listen to their opinions, and lead them in constructive thought and action.
  • Biblical and theological study, as well as knowledge of the behavioral sciences, are needed to serve justice to questions of youth and society.

Dean Borgman cCYS

Credit, and teens who face years in debt

 

Williams, D. & Eastham, P. Hooked on credit at 18: Plight of teenagers who face years in debt. (1989, January 17). London Daily Mail.

 

OVERVIEW

Jane started her first job just before Christmas and used storecards to buy presents. ‘I spent 467 pounds; I still don’t even remember what on, and then had to start repaying. I didn’t dare tell my parents, so the debts just built up.’

 

When Jane’s mother finally found out, she was able to get the interest on each card frozen, and the debts are slowly being paid off.

 

Tony, a 17-year-old student, ran up a 500-pound bank overdraft with a cash till card. He went to a loan shark to repay it, and then began getting threatening letters from the moneylender. ‘I was terrified and my college work went downhill.’ Even with family help, he is still repaying two years later.

Youngsters are falling blindly into debt, hopelessly hooked on Britain’s credit card boom. Many now believe it is ‘socially acceptable to live in debt,’ according to a disturbing report out today.

 

This report from the survey for consumer watchdogs at the Office of Fair Trading and BBC Radio reveals:

  • 71% of U.K 18-20-year-olds now use one or more types of credit.
  • 21% of these have trouble making repayments.

Young people told interviewers how they borrowed a second time to repay old debts. Some shared that worry plaguing their lives affected their school work and relationships with parents. Many struggled to keep their finances a secret and borrowed from loan sharks at exorbitant interest rates.

Sir Gordon Borrie of General Fair Trading plans to launch a campaign "to educate youngsters about the pitfalls. We aim to get people into good credit habits from the start. Our message is: STAY IN CONTROL."

"One million copies of a free advice booklet are being distributed to schools, youth organizations and citizen advice bureaux," this article reports.

IMPLICATIONS

  1. Young people around the world with money are finding themselves in sudden credit problems. It should be easy to understand such financial crises in an age of instant gratification, powerful advertisements, and easy credit. The U.S. and Britain have engaged in a conscious effort to catch a new market of younger credit card customers.
  2. Many schools, youth organizations, churches, and parents have never given financial instruction to youth. Responsibility used to be taught to the younger generation in many ways. Now, responsibilities have increased, but family and community instruction have diminished.
  3. The messages? Know your values, set your priorities, learn to manage and budget, and be in control.
  4. With your kids, construct games, panel discussions, and principles for effective money management.

Dean Borgman cCYS


Volunteer Opportunities: Economic Development

Título Organization Name City, State/Country
Financial Manager Hands at Work in Africa
White River
South Africa
Pastor God's Love and Care Ministry
Mzuzu
Malawi
deputy director ACTS 1:8 MINISTRY - KENYA
Bungoma
Kenya
Manager GOD SEND MISSIONARY
Ghana
Business Consulting Team Member Synergy Ministries
Arlington, VA
United States
Título Organization Name
Grant Writer S.A.Y. Yes! Pico Union
Teachers and fund raisers. GOOLONG SISONG EDUCATIONAL SOCIETY
volunteer grant / proposal writer Blessings Of Joy, Inc.
Grant proposal writer Agents for Christ
Fundraiser New hope for great lake region
Fundraising Disciple Meet Me Under the Bridge
Fundraiser Chief ACTS 1:8 MINISTRY - KENYA
Web Page/video designer/teachers All Nations Christian Academy
Advisory Board Member MBADiversity.org
Finance Manager/Accountant MBADiversity.org
Postal Code

Audio: Economic Development

Books: Economic Development