The Role of the Public Sector and an Exit Strategy for the Social Solidarity Economy Ecosystem (Part 2)
In my previous post, I examined how deeply the frontline of South Korea’s social solidarity economy is impacted by the ebb and flow of public budgets. Having spent years reporting on the social solidarity economy and social impact sectors, I have witnessed firsthand how the ecosystem rapidly expands or abruptly contracts depending on the budget climate. Looking at this reality, some criticize the sector for being overly reliant on public funding. At the same time, others argue just as strongly that public priming support remains essential, as these organizations tackle social challenges overlooked by the conventional market through business models. In this piece, I want to outline the legitimate role of public budgets and explore the necessary exit strategies for building a truly sustainable social solidarity economy ecosystem. 👉👉Read 1 First Part When the Budget Changes, the Field Changes: The Reality of South Korea’s Social Solidarity Economy (Part 1) ...