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The Possible Contribution of Local Currencies to Strategic Sustainable Development

Local communities encounter various problems related to the global economic system. Socio-economic challenges arise in these communities due to the disappearance of jobs and the leakage of money, this results in a diminishing of social resilience which in turn means that these communities are hampered in their move towards strategic sustainable development. According to scientific literature, a local currency could be an instrument to overcome this diminishing of social resilience. However, the role of these currencies in strategic sustainable development remains unclear. This study aims to bridge this gap in scientific knowledge. In order to do so, three different case studies of local currencies were conducted by means of semi-structured interviews. This data was compared with the theory on local currencies and assessed through the lens of the Framework for Strategic Sustainable Development. Using this specific framework allows for a unique systems perspective on sustainable development. It becomes clear that local currencies raise awareness around sustainability challenges and incentivise social interactions; however this remains a marginal contribution towards strategic sustainable development. This research leads to the recommendation to explore enhancements to local currencies in order to address these sustainability challenges more adequately.

Identiferoai:union.ndltd.org:UPSALLA1/oai:DiVA.org:bth-14707
Date January 2017
CreatorsStöver, Emiel, Lechevalier, Sarah, van Welie, Lisa, Paar, Maximilian
PublisherBlekinge Tekniska Högskola, Institutionen för strategisk hållbar utveckling, Blekinge Tekniska Högskola, Institutionen för strategisk hållbar utveckling, Blekinge Tekniska Högskola, Institutionen för strategisk hållbar utveckling, Blekinge Tekniska Högskola, Institutionen för strategisk hållbar utveckling
Source SetsDiVA Archive at Upsalla University
LanguageEnglish
Detected LanguageEnglish
TypeStudent thesis, info:eu-repo/semantics/bachelorThesis, text
Formatapplication/pdf
Rightsinfo:eu-repo/semantics/openAccess

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