Government

What can governments do to address the banking crisis, remedy unemployment, poverty and ecological threats, and create conditions for sustainable abundance?

Business

How can time-tested currency innovations such as mutual credit systems help businesses of all sizes deal with cash flow shortages and monetary instability?

Community

What can communities do to leverage their untapped wealth and connect resources that would otherwise remain unused with needs that would otherwise remain unmet?

Research

What can scientific and academic research tell us about how to design and implement more effective and resilient monetary systems?

Currency Proposals

What types of complementary currencies could help us overcome current obstacles to the flourishing of our educational, energy, commercial, and other systems?

Home » Case Studies

Sustaining Cultural Vitality in a Globalizing World: the Balinese Example

Submitted by on December 27, 2009 – 4:58 amNo Comment

Abstract –  It is generally accepted that massive tourism and a vibrant indigenous culture are mutually exclusive. Bali has so far proven to be an exception to this rule. This article explores a hitherto overlooked socio-economic mechanism behind that exception. It is a dual complementary currency system used for centuries by highly decentralized and democratic decision-making organizations. The reasons why such a dual currency system is so effective in mobilizing popular cultural creativity is investigated; and a systems framework proposed to determine the conditions under which this model could be applicable outside of Bali. This framework is then tested with a second case study: traditional shell currencies in Papua New Guinea. Finally, some potential applications in areas in the world other than traditional cultures are portrayed.

http://www.scribd.com/doc/31975134

Leave a Reply

Your email address will not be published. Required fields are marked *