OpenHeritage Glossary

Jobs and business opportunities is the possibilities for paid work leading to salary or beneficial entrepreneurial activities leading to profit.

Relevance

OpenHeritage focusses on inclusive transformation of heritage sites. In order for transformation processes to be inclusive and financial sustainable, one of the main objectives of transformation should be to create (preferably local) jobs and business opportunities. Ideally, every transformation process is initiated by a solid social-economic cost-benefit analysis in order to determine its impact on (local) jobs and business opportunities. In OpenHeritage, many interests come together in community-focussed transformation process. Companies aim for profit maximization, authorities (should) target well-being and prosperity of its citizens, individuals have different interests in the field of personal stature, security, well-being and health. Creation of jobs and business opportunities often is a shared interest that can bring most divergent objectives together

Key discussions around the term

- ownership vs. usage

- risk vs. profit

- public investments vs. private benefits

Creation of the right environment that leads to new jobs and businesses is often considered to be a public investment where its results, the profits, are private. Salaries are generally taxed higher than capital. The rich are getting richer, the poor are getting poorer. Inclusive development is a topic that is as old as it is complex and a major field of contemporary (and historic) economics. Community development combined with common ownership and benefits while requiring less dependence on external capital. How to organize this in the twenty-first century?

Reference list

-      use the Chicago Referencing Style (Author – Date) format. Find more information here: Chicago-Style Author-Date. https://www.chicagomanualofstyle.org/tools_citationguide/citation-guide-2.html

-      Das Kapital – Karl Marx

-      Capital in the twenty-first century – Thomas Piketty

-      Doughnut economy – Kate Rawort