What is the future of the third sector and its contribution to development finance?

Malcolm R. Boyd ()
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Malcolm R. Boyd: Third Sector Insights

Development Finance Agenda, 2023, vol. 8, issue 9, 14

Abstract: Definition of the third sector “That part of an economy or society comprising non-governmental and non-profit-making organisations or associations, including charities, voluntary and community groups, cooperatives, etc.”. The third sector, also known as the nonprofit sector, the social sector, or civil society plays a crucial role in Development Finance and is expected to have a significant impact on the future. The third sector encompasses a wide range of organizations, including non-governmental organizations (NGOs), charities, foundations, and social enterprises. These organizations are typically driven by a mission to address social, environmental, or humanitarian issues rather than pursuing profits using for-profit and nonprofit models. This article some key trends and insights on the future of the third sector and its contribution to development finance.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:afj:journ4:v:8:y:2023:i:9:p:14

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