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Participatory economy

The nature of life dictates its changes to the practice of living. Trade and economic relations since human history began, self-sufficiency, transition to barter and exchange of goods and services, through the creation of markets and the use of cash and currencies in commodity exchange. We have reached advanced stages in the process of business processes and economic movement in general, imposed by the rules of technology, and the great community awareness that contributed to the spread of technology. One of these forms is what is known in this century as a sharing economy, an economic system that depends on the availability of resources and their participation in order to complete economic processes. The participatory economy is also known as the participatory economy and cooperative economy, based on the sharing of human and material assets. The participatory economy is also based on the concept of enhancing information technology to provide information that helps to distribute and share goods and services and to reuse wasted and surplus energies. This concept is based on a set of values ​​that represent trust, transparency, economic empowerment, creative expression, originality, societal flexibility, and interconnectedness among human beings. The term "participatory economy" has emerged since the beginning of the twenty-first century, influenced by the new systems of work that have emerged as a result of the development of social technologies and the need to cope with the steady global population growth and resource depletion, which may affect the future capacity of life. Information technology, social media and population growth contributed to the emergence of participatory economy institutions and enterprises. Where modern technologies have come into play. This has facilitated direct transactions of individuals and institutions. This facilitated open data and data, low cost of mobile phones and the growth of social media and networks. According to a PWC survey conducted in 2014, 19 per cent of the adult population in the United States participated in a joint economic deal. And that more than 72 per cent of the study sample aspired to participate in the participating economy in the following two years. In 2016, another study concluded that the participatory economy had already been applied in five sectors: travel, car sharing, finance, staffing and direct broadcasting. Global spending in these sectors was around $ 15 billion, representing about 5 per cent of the total expenditure in the areas surveyed. The study also expects to increase spending on the system by $ 335 billion by 2025, which will account for about 50 percent of total spending in the five sectors. In its budget for 2015, the British government has set targets for improving economic growth, including making Britain the best place in the world to start, invest and develop business by opening up to a participatory economy. In the next article we talk about the areas and benefits of this system, and the most important models that work, and how we can benefit from in the Kingdom to address the issues of unemployment and strengthen the role of small and medium enterprises.

 
 
2018-10-11
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