Economy of Communion as A Culture of Working Together for Economic Transformation: A Perspective of Culture of Unity
- September 4, 2021
- Posted by: rsispostadmin
- Categories: Economics, IJRISS, Social Science
International Journal of Research and Innovation in Social Science (IJRISS) | Volume V, Issue VIII, August 2021 | ISSN 2454–6186
Betty Muthoni Njagi
Catholic University of Eastern Africa, Kenya
Abstract: This paper explores the Economy of Communion as a culture of working together for economic transformation from the perspective of the culture of unity in the African economies. Economic transformation is influenced by growth of industrial and service sectors that reflect the transformation process. This process is determined by the attitude and perception of the agents of change towards non-economic factors such as culture of unity that may fast-track the process of transformation. Further reviews on economic transformation explores the model of the Economy of Communion as an alternative culture of running the industrial and service sectors in order to achieve the expected economic progress in the economies. The Economy of Communion promotes oneness as a culture of an economy that is all inclusive.
Key words: Economy of Communion, Economic Transformation, Culture of Unity
I. INTRODUCTION
This is a proposal of the model of the Economy of Communion as a paradigm shift for a new order of economies of Africa. It is a proposal as an alternative to Africa’s economic system of exclusion and marginalization. Economic transformation has development implications because it strengthens the socio-economic modernization and aspects of participation in development. Africa’s economies, despite expansive resources lag behind. The paper reviews the economic relations between countries of the continent because their performance to boost economic relations is decimal even with establishment of the trade blocs.
Economic Transformation
Economic transformation involves modernization of a country’s economy, society and institutions (Gray, 2018). This has an impact on human life, changing values, norms, beliefs and customs in the transformation from traditional to a modern (Inglehart and Baker 2000; Inglehart and Welzel, 2005). It is imperative for a society and institutions to make adjustments in the process of transformation especially those of Africa in order to create societies that are more inclusive.
Economy of Communion
The Economy of Communion is a concrete attempt to address acute social problems by creating systems that promote equality and solidarity by placing the human person at the center of every activity. It represents an alternative economic and business model founded on a vision of interpersonal and social relationships (Ferrucci, 1998). EoC is a calling to live, work and do business in an integrated way, a life of reciprocity where there is culture of giving or sharing (Arujo,
