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Ethical Finance Forum Posted by: Garrett Wyse, Ethical Finance Forum, Director

September 27, 2005

Hello there, Just a note to add to my entry. I have been working on the matter for a number of years. While having met many within the industry over the years, I have been told that I am working at the end-game, where the amount of money within the industry would be enough to realise its potential. However more importantly for me would be the demonstration effect in the developed world. Were people who have never engaged with the developing world could begin to do so, then perhaps there may emerge many new ideas, from sources that have been somewhat ignored up to now. As my entry is brief, compared to the amount of work that I have done, I would like to make it clear that there is a lot of work to be done, in that the demonstration effect is to start people thinking. I have had to invent many ideas, theories and approaches to develop this into a workable idea. Incentive structures, legitimacy of institutions, rules of engagement, adhering to economic principles and concepts, etc. all have to be engaged with, in order to bring about effective and positive change on a scale that can really make a difference. The acceptance of the concept of a new Global Public Good, if accepted (which it has by the GPG taskforce), would have to have the commitment and resources of the various interested parties to come into production. To this end stakeholders from the public, private and civil society sectors will have to meaningfully engage without narrow remits and preconceptions. As with the development of other GPGs, there will have to be a commitment to develop the good, and as such the entry that I have made will be little more than another drop in the ocean without the necessary follow-up and commitment.