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The role of third sector in economic crises

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  • Joanna Dominowska

    (Warsaw School of Economics)

Abstract

The aim of this study was to present the role of third sector in economic crises with the particular case study of its role in the last economic crises in Europe. The economic crises brought about a reduction of both government funding and corporate giving, also decline in income from philanthropy. Most responses from the third sector were reactive and passive in nature — reduction or freezing of wages, dismissal of workers, shutting down existing and delaying the beginning of new programs, and the reduction or cancellation of services. However some of the actions were more proactive. These can be divided into two groups. The first one is external in nature. Statutory activity of the third sector has focused on the introduction of programs and initiatives designed to counter the effects of economic crises and increasing the transparency of doing business, in particular financial operations. The second type of activity is associated with the still unappreciated role of the third sector as a business player. Nonprofit organizations can ameliorate the impact of an economic crisis by making efforts to maintain their activity despite zero or negative rate of return diversifying funding sources and entrepreneurship, increasing cooperation with other sectors (governmental and private).

Suggested Citation

  • Joanna Dominowska, 2016. "The role of third sector in economic crises," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 15(2), pages 179-191, June.
    • Handle: RePEc:cpn:umkeip:v:15:y:2016:i:2:p:179-191
    DOI: 10.12775/EiP.2016.011
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    References listed on IDEAS

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    1. Islam, Shahid ul & Kumar, Arun, 2016. "Inflatable dams for shp projects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 945-952.
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    More about this item

    Keywords

    institutional changes; European Union; nonprofit sector; charities; independent sector; voluntary sector; social economy;
    All these keywords.

    JEL classification:

    • K1 - Law and Economics - - Basic Areas of Law
    • K3 - Law and Economics - - Other Substantive Areas of Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior

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