The third sector and the new development paradigm
The third sector and the new development paradigm

Summary/Abstract: The third sector is under close scrutiny as empirical and theoretical evidence is heterogeneous on its rational of being and impact in society. From the perspective of the new development paradigm, (NDP) the third sector can play an important role as social capital, institutions, tailored interventions, bottom-up communication and participation are concepts found in both the de NDP and third sector definitions. Furthermore, new approaches on fixing underdeveloped areas are emerging as social economy, community based enterprises and executive NGOs, a clear sign that old problems are now tackled in new, experimental ways using the market mechanisms for reaching sustainability. An alternative to grant and donation based interventions, using market principles to reach social and environmental goals becomes a solution for fixing market entities and public institutions failures but also a new era in the identity of NGOs.

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