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A New Model for the Global Economy - Economy of Communion

Author

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  • Vlad Maxim

    („Ovidius” University of Constanta, Faculty of Theology)

Abstract

The "Economy of Communion" is an experience of social economy fostered by the Focolare Movement, an ecumenical and inter-religious organisation that originated within the Catholic Church in the 1940’s and is present in about 180 countries. The Economy of Communion is a global project involving over 750 businesses in a network of solidarity. Businesses operating according to this paradigm seek to respond concretely to social inequality, through partnership with the marginalized, whilst remaining commercially viable in the market economy. They thereby seek to present a realistic social model to the commercial world. This paper identifies systemic factors which underlie the rapid development and spread of this third way between capitalism and socialism. The study is part of a wider review of the systemic underpinnings of such social movements, seeking to understand why some succeed and impact the structures of society whilst others flower briefly then stagnate or die.

Suggested Citation

  • Vlad Maxim, 2011. "A New Model for the Global Economy - Economy of Communion," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1325-1330, May.
    • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:1325-1330
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/volum2011p2.pdf
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    Citations

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    Cited by:

    1. Nina Stanescu, 2020. "Institutionalization / deinstitutionalization of people with disabilities a contemporary social problem," Technium Social Sciences Journal, Technium Science, vol. 13(1), pages 496-500, November.

    More about this item

    Keywords

    Business ethics; new economy; economy of communion; Focolare; business dynamics;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F01 - International Economics - - General - - - Global Outlook
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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