25Aug

Four Sharing Economy Initiatives Can Take Place in Developing Countries

There is a shy presence for the sharing economy in developing countries due to the trust issue between the strangers, as well as low market penetration of technology for both smartphone and online banking usage, which make it hard for companies like Airbnb or Uber to operate. So what another type of sharing economy initiatives that can overcome those challenges and take place in those countries.

Tool Library

At such facilities, books are replaced with tools in order to “mutualize” resources so that people don’t have to buy tools they would only use once in a while, such as saws, drills, or chisels. Each of these tools is available either for free or for a small fee, increasing the efficiency of each device and helping users save money

Tool libraries are also neighborhood hubs offering classes, community building spaces, workshops and a variety of instruments ranging from belt sanders to lawnmowers and more

Time Bank

A Time Banking is a way of giving and receiving based on a community system where a person who volunteers one hour of their time helping someone else earns one Time Bank hour also called time credit. Those activities can be teaching someone a new language, help moving stuff, or even sitting with an old man

 

Land Sharing

Land-sharing allows a better use of arable land as it connects people who have unused acres with people who need land for cultivation purposes. Other initiatives help build local food economies that increase food security and cut prices as they reduce the number of intermediaries.

 

Community-Based Swap Event

That kind of event can take place in a building, neighborhood, or all over your city. Where people can gather to share and trade around clothing, books, or some other theme.

Swaps are fun, social events and often include potluck food, and some entertainment activities that give the opportunity for the community to have another source for money.

 

Photo credit: SXSW.

 

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2 comments

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