Academic Scientific JournalsRegional Currency as an Instrument to Generate New Possibilities for Starving Valleys
Keywords:
interest-free currency, supplementary currency, Silvio Gesell, theory of regional clustersAbstract
Significant determinant of economic sustainability and competitiveness of a state is its regional disparities. The more equally productive state`s regions are, the more stable and economically sustainable the state is. The objective of this article is to argue why the use of supplementary interest-free currency (implemented on a regional or state level) presents an efficient tool of the state to boost economic activity in regions facing extreme poverty.
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