You can't stumble if you're not in motionRichard P. Carlton 3M
Ideas
Microscholarship offers to seed free market breakthroughs
- Submitted by: openworld
- Created: Jul 1, 2008, 2:54 pm
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The Idea
As communication networks improve, microscholarships can offer a way for valued skills to spread around the world. Microscholarships based on Paypal or similar online payment systems have potential to reach hundreds of millions seeking globally-valued language, business, and technical skills and certifications. A pilot project in Kyrgyzstan assisted by Openworld.com has provided thousands of residents in poor villages with free/discounted access to online learning and other resources through local Internet centers. In the future, microscholarship projects can be made self-funding. Communities can earn startup support from global microscholarship investors in return for agreements to commit prime "land grant" sites benefiting from business climate reforms. As local skills and business conditions improve, the liberalized "open world zones" will rise in value, generating asset gains for stakeholders including the local scholarship fund and the partnering global investors.
I thought of this idea when I was...
Reading the works of Lew Perelman (microvouchers), Henry George (land value gains for social benefit), and Alvin Rabushka (free economic zones)
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