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Volunteer Economics?

Miguel A. B. Garcia
Department of Economics University of San Carlos

The Whys
Development Economics Why are some countries rich and others (most) are poor?

Political Economy Why are there only few good leaders? Institutional Economics Why weak institutions remain unfixed?

Volunteer Economics?
Development Economics

Institutional Economics

Political Economics

Status Quo: Curing symptom or root?


Foreign Aid Stop-gap measures, e.g. food subsidies, CCTs, contraceptives Good governance K+12 education reform Millennium Development Goals World Bank, UN, USAID

Poor Economics: Lessons


Uncertainty, asymmetric information, false beliefs Overwhelming responsibility vs. limited cognition Missing markets and innovation Three Is: ignorance, ideology, and inertia Expectations trap

The Whats
What do volunteers have? Moral resource and social capital

What can volunteers possibly do? Small effects with big changes
What volunteers shouldnt do? Big thinkers but small doers

Young Volunteers
Creative technology Durable and investable social capital Malleable moral resource

Some afterthoughts
Volunteers matter Addendum: [Young] Volunteers matter [even more] No silver bullet to social problems Never about the big things Roots, not symptoms

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