Local Exchange Systems – Building Resilience

Local Exchange Systems

Here (above link) is a discussion paper, “Local Exchange Systems – Designing Community Incentives” which pitches localisation as one of the systemic and strategic ways of building adaptive capacity of communities towards climate change and potential risks of economic globalization. This was part of my Climate Change Adaptation work at WOTR (www.wotr.org)

It examines the role of alternative economics to provide incentives in form of coupons, vouchers, tokens, rewards etc. to people for ecosystem regeneration, local production and consumption of goods and services. The objective of the paper is to facilitate a discussion on the potential local economics holds in building adaptive capacities of communities to facilitate adaptation.

Lets create a discussion thread on this!!

Below is the abstract of the paper:

Abstract: Economic Globalization in its current form is a centralizing juggernaut which often causes large-scale resource depletion in remote eco-systems, unpredictable price variations in essential commodities and lead to macroeconomic upheaval. Coupled with this is the potential of widespread impacts of Climate Change which increases the vulnerability of human settlements especially the resource poor within. In context of the dual risks of economic globalization and climate change, Localisation appears to be the most systemic response mechanism. Localisation is the manifestation of a decentralized, democratized economy that allows communities to develop ecosystems based Climate Resilient Economies.