Participants
of the World Assembly of Youth "European Youth Dialogue"
(23-28 August 2002, Brijuni Islands, Croatia) had
adopted the "Declaration on Youth as a Global Banking
& Financial Resource" which had truly recognized Civil
Society as a brand new LABOUR & CAPITAL MARKET,
with
Youth as its real key vehicle and the utmost ever-renewable
resource of Sustainable Development as such. Youth
Banking Concept is therefore deeply rooted in a new
form of contemporary social differentiation (state-governmental,
private business and civil society sectors), based
upon new division of labour and related to new forms
of capital ("intelligent capital", intellectual property
rights, etc) that are emerging and taking affordable
shape on a day-to-day basis.
Civil Society is usually called a "non-for-profit
sector", which usually leads us to a wrong conclusion
that there is no profit, gain or surplus value in
this segment of society - that it is not productive,
efficient or effective part of economic human life
in general. But, the only difference between co called
profit and non-for-profit sectors is that in the later
net income after taxation has to be reinvested into
related programs and projects according to related
laws - it can not be taken out of production process
(in broader sense Development) and spent in any known
and usual private-consuming practices. Strategically
speaking from the points of view of contemporary New
Labour and New Capital, Civil Society is the "third
pillar" of any reasonable Sustainable socio-economic
Development, and it deserves to develop its own, distinctive
and specific, banking and financial standards and
practices through its own, brand new organizations
and institutions.As
other "two pillars" (state-governmental and private
business sectors) are overly developed in relation
to the "third pillar" (Civil Society), the very process
of gaining its real self-sustainability will take
longer time than usually projected for other commercial
"projects". It is of utmost importance to notice that
Civil Society sector, mainly manned with young people,
does not have any real chance of development without
strategic long-term partnership with other two sectors,
and that this "two pillars" will forever be in their
present unstable and non-secure condition without
the full development of their "third" counterpart.
Being the unforeseeable, ever-renewable and unavoidable
development resource, it is the utmost strategic socio-economic
interest of other two sectors to develop it fully
so as to become really productive, operational, efficient
and effective in any possible sense (models of that
support on global level is a question of the broader
tripartite inter-sector consensus,.so we propose this
to be elaborated through BWI (UN, WB, WTO, ILO and
other) e.g. State Youth Bonds, various legal-framework
adaptations (tax deductions for Direct Youth Investment,
etc) on both national and international levels.
The very concept of "Civil Banking" is based on new
methodologies for the integral quantification of newly
added values ("Permanent Monitoring System") and the
technology of "Direct Youth Investment" (DYI). DYI
is based on dismediated & unlimited cross-border/two-way
communication of Youth with international institutions
and organizations (and vice versa), as well as on
direct national-to-national/regional-to-regional/local-to-local
relations, through Global Youth Banking and Financial
Network (GYBFN), represented by the World Youth Bank
and the network of regional and national Youth Banks
and other WYBN belonging institutions. Civil Banking
should represent the core fundament of the real contemporary
Participatory Democracy concept because of its "sustainable
middle-class development" socio-economic strategy
as a key vehicle for the integral Decent Sustainable
Development for all.
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