How grassroots initiatives can empower local communities in economic crisis

Encointer Blog_How grassroots initiatives can empower local communities in economic crisis

Macroeconomic challenges of the kind we face today can’t be solved at the local level, but there are tools and initiatives that can help empower communities to support the most vulnerable and keep value circulating locally.

The cost of living crisis is making for bleak news around the globe. The disruption to global supply chains and economic fallout of the pandemic, rising energy costs, and now, the prospect of a long war in Ukraine is causing food prices to spiral. Oxfam predicts that over 260 million people will be pushed into extreme poverty by the end of this year, surviving on $1.90 per day or less.