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They co-authored a book in 1993, Building Communities from the Inside Out: A Path Toward Finding and Mobilizing A Community’s Assets, [3] which outlined their asset-based approach to community development. [4] The Community Development Program at Northwestern University’s Institute for Policy Research established the Asset-Based Community ...
In 1991, Michael Sherraden published Assets and the Poor: A New American Welfare Policy, which proposed using asset-building policy as a community development strategy. Shanti Khinduka, the dean of the Brown School, was impressed by Sherraden's ideas and invited him to direct a new research institution, the Center for Social Development.
Community investing, a subset of socially responsible investing, allows for investment directly into community-based organizations. Community investing institutions use investor capital to finance or guarantee loans to individuals and organizations that have historically been denied access to capital by traditional financial institutions.
Community wealth building is a term which covers a range of approaches which "...aim at improving the ability of communities and individuals to increase asset ownership, anchor jobs locally by broadening ownership over capital, help achieve key environmental goals, expand the provision of public services and ensure local economic stability”. [1]
Community-driven development (CDD) is an initiative in the field of development that provides control of the development process, resources and decision making authority directly to groups in the community. The underlying assumption of CDD projects are that communities are the best judges of how their lives and livelihoods can be improved and ...
Asset-based welfare is concerned about the assets held by individuals rather than their basic income. Will Paxton argues that asset-based welfare concentrates on the stock of capital that one holds and not just the basic income. Stock of capital is the actual measure of well being. Asset-based policies can be directly compared to income policies.
The sustainable livelihood approach focuses on finding resolutions to the problems of vulnerable communities by creating human-centered, participatory, and dynamic development opportunities. It is a bridge connecting the environment and humans to live in harmony. [ 5 ]
The United Nations defines community development as "a process where community members come together to take collective action and generate solutions to common problems." [1] It is a broad concept, applied to the practices of civic leaders, activists, involved citizens, and professionals to improve various aspects of communities, typically aiming to build stronger and more resilient local ...