Large-scale Investment Research Articles

СИСТЕМА ИНДИКАТОРОВ И МОНИТОРИНГ ЗЕЛЕНЫХ ПРОЕКТОВ В ОБЕСПЕЧЕНИИ УСТОЙЧИВОГО РАЗВИТИЯ РЕГИОНА

The high degree of uncertainty of market conditions, sanctions pressure and the high need for accelerated import substitution of high-tech products requires government authorities to develop solutions aimed at sustainable development of regions in the long term, taking into account national economic interests. It is impossible to ensure sustainable development without creating and regulating a system of state priorities. The consistency of the goals and actions of state governing bodies will allow us to enter a qualitatively new stage of development, preserving national identity. The key tasks facing the domestic economy during the transition to a new technological order are to increase the competitiveness of products, increase the share of high-tech goods and services in gross output, import substitution in all sectors of the economy. The national policy aimed at the implementation of the above-mentioned tasks requires large-scale investments in all areas of production, in increasing innovation activity and professionalism of personnel. For regions acting as independent economic entities, it is particularly relevant to build up innovation potential, attract investment in the process of capitalization of assets, growth of fixed capital, which become indicators of the attractiveness of the region for potential investors. The sustainable development of individual regions, taking into account their industry specifics, territorial features, the state of material, financial, production and human resources, requires detailed approaches to assessing the factors influencing the formation and use of innovative potential. Innovative potential becomes the foundation of sustainable development in conditions of high environmental volatility and a shortage of investment and financial resources caused by geopolitical crises and transformational processes in the global economy. The need to assess the innovative potential of the region as an economic system is due to the requirements of substantiating managerial decisions aimed at its socio-economic development. The result of investment activity is an increase in the economic and social indicators of the region, which is why it is important to comprehensively and comprehensively study the constituent elements of innovation potential, which will create prerequisites for sustainable development of not only regional, but also national policy. In the conditions of technological transition, innovative projects focused on environmental friendliness and reducing the negative impact on nature deserve special attention – green projects, the success of which requires control.

ПЕРСПЕКТИВИ ВИКОРИСТАННЯ НОВІТНІХ ТЕХНОЛОГІЙ СПОРУДЖЕННЯ СТВОЛІВ ТА СВЕРДЛОВИН ДЛЯ ПОВОЄННОЇ РОЗБУДОВИ ВУГІЛЬНОЇ ГАЛУЗІ УКРАЇНИ

Purpose Analysis of production experience, scientific and technical developments and assessment of prospects for the use and development of the latest technologies for the construction of vertical mine shafts and wells for the post-war development of the coal industry of Ukraine. Methods. The methods of analysis of the accumulated production experience of drilling shafts and wells, first, in the leading mining countries and in Ukraine, as well as scientific and technical literature, were use. Findings. The classification of technologies of vertical shafts and wells construction methods was consider. It’s tested and promising ones for Ukraine were analyze, in relation to the restoration and creation of mining capacities, technological schemes and equipment for the construction of vertical openings mainly with mechanical destruction of rocks in the hole, the production experience of the Donetskshakhtoprokhodka and Spetsshakhtoburinnia trusts was summarize. from the point of view of use, in particular, during the construction of new coal blocks of PJSC «Mining Management «Pokrovske», large-scale investment projects. The possibility of using a modified parallel technological scheme for traditional blasting technology is substantiate. The prospects of mechanized boring of shafts in Ukraine – by drilling and with the use of shaft boring combines of leading world manufacturers – were evaluate. These opportunities can be realize in case of acceptance and implementation by Ukraine's partners of a modern analogue of the "Marshall Plan" after the victory over the aggressor. Originality. The results of the analysis of technological schemes and methods of drilling vertical shafts and wells, the accumulated production experience and scientific and technical developments are summarize, the trends and prospects of the development of mine construction technologies – the driver of the development of the national mining industry – are considered. Practical implication. The analysis of technological schemes and methods of drilling vertical shafts and wells was perform based on domestic and foreign production experience. Key words: vertical shaft, borehole, sinking technology, mechanical fracture, rodless boring, shaft-borehole machine, pilot borehole.

Зміст економічних криз та їх вплив на формування та розвиток кадрового потенціалу підприємств

The article discusses the essence of the economic crisis, its stages and classification, as well as the causes of economic crises. The crisis is the most important element of the self-regulation mechanism of the market economy, the life cycles in the activities of enterprises, as a form of movement of the market economy, have their focus on the crisis, in which both the limits and the driving forces of economic growth and development of enterprises are revealed. Studying economic crises at the global level will help the business community learn how to get out of them quickly and painlessly. By causing a massive moral loss of fixed capital, the crisis paved the way for large-scale investment and a new level of technology. Thus, the moral exhaustion of technology and the driving force of scientific and technological progress transform the restoration of fixed capital into synchronized reproduction on the scale of the entire economy. The crisis of formation and development of human resources is one of the most difficult problems faced by enterprises in various industries. This can lead to reduced productivity, increased employee turnover, increased conflicts, and other problems. One of the causes of the intermediate crisis is the lack of formation and development human resources and insufficient analysis of the labor market. As you know, modern society is trying to improve the standard and living conditions every day, and only this can ensure sustainable economic growth. With regard to overcoming all types of economic crisis in terms of the formation and development of human resources of enterprises, it is necessary to improve the skills of employees; acquire the competence of employees in the position held; conduct an effective personnel policy; improve corporate culture; develop a strategy for the development of staffing; manage effectively knowledge and the leader must make organizational changes. If this is done in the future, it will mean creating credit channels for commercial banks for money. However, observations show that long-term economic growth is not uniform, but constantly evolving with periods of economic instability and even crisis. The topic of the current economic crisis is very relevant, because if we do not know the cause of the economic crisis, we cannot find a way out.

Роль Украинского кризиса в формировании нового миропорядка

The situation in Ukraine is often interpreted by Western analysts as a conflict that changes the rules of the game in world politics. The article is dedicated to the analyzes of the Ukrainian crisis and stresses the point that Ukrainian conflict’s assessments as “game-changer” are largely a consequence of the large-scale investment of political, military and financial resources by Western countries in Ukraine. Western politicians have made such serious bets in recent years (at least since 2014), exaggerating the conflict to the level of an existential conflict against the forces of “absolute evil” or confrontation between “democracy” and “authoritarianism”, that they can no longer search for a compromise or, especially, just step aside. As a result, assessments of this kind take on the meaning of self-fulfilling prophecies. And Ukrainian civil war turned to a dangerous regional conflict, so according to this approach and Western states readiness to continue to invest resources in the confrontation with Russia in Ukraine, the duration of the “unipolar moment” in the system of international relations, as well as the parameters of the emerging new world order, really begin to depend on the outcome of the initially peripheral conflict (taking into account the interests of external actors and the parties involved).

МУЛЬТИМОДАЛЬНІ ПЕРЕВЕЗЕННЯ ЯК ОДНА З ФОРМ ІНТЕГРАЦІЙНИХ ПРОЦЕСІВ НА РИНКУ ТРАНСПОРТИХ ПОСЛУГ

The transport system is one of the basic branches of the economy, the stable and effective functioning of which provides the necessary conditions for national security, the integrity of the state, raising the standard of living of the population, as well as revenues to the State Budget. All transport complex components are important for the transit role performance of the country: road, rail, pipeline, water, air modes of transport, which require an effective management strategy and a clearly organized transportation process. The transport sector integration directions are focused on new developments and the efficiency of the transport modes choice and on multimodality. In recent years, there has been a steady trend towards globalization of the goods and services market, and Ukrainian trade market is not an exception. This leads to the need to use effective technologies for transporting products from producers to consumers. The most widespread among such technologies is the technology of multimodal transportation. Most often, multimodal transportation includes the transportation of goods in universal containers. Containerization of transportation is a progressive direction in the organization of cargo delivery, which allows to shorten cargo delivery times, reduce cargo losses during transportation, reduce logistics costs and generally increase the efficiency of the transportation process. Multimodal transportation provides convenience for export and import companies, frees from overloading of goods and the need to complete additional documents. In order to improve the organization of multimodal transportation, it is necessary to create comprehensive plans for the development of sea (river) ports and near-port railway stations; ensure the implementation of large-scale investment projects, including international, aimed at the development of transit transportation, in particular with regard to the development of port infrastructure, elimination of "bottlenecks" of railway infrastructure, improvement of operational reliability and technical characteristics of roads in the directions of international transport corridors, construction of border crossing points in accordance with modern European standards, which will strengthen the competitiveness of the national transport system.

From Subsistence to Commercialisation: Legal Implications of ‘Ecowas Regulations on Transhumance’ on Livestock Investment Options

West Africa is expected to experience rapid population growth with a projected population of 796,494,188 in 2050, most of whom will be unemployed youths in quest of job and business opportunities. The increasing growth in population with an increasing demand for livestock products and a ready workforce presents exciting opportunities for investment in livestock production, job creation, poverty reduction, and food security. Nonetheless, private investment may not happen in a form that will achieve these gains if the ECOWAS texts are left in their current form, in promoting the transhumance business model to the detriment of meaningful large-scale investments that will increase productivity and create jobs for the region’s booming young population. This article adopts a socio-legal approach to examine the ECOWAS Decision and Regulation on Transhumance in order to determine whether they have adequately promoted transhumance in a form that is not inimical to other business investment options for livestock production in the region. Its aim is to show that the regulatory framework has not effectively ensured that transhumance exists in a form that will still provide other business models with opportunities to competitively engage in livestock production. This is given the fact that the transhumance method has been commercialised and even criminalised in ways that produce significant negative consequences for the livestock business. It recommends concrete plans with a view to phasing out transhumance across borders and designating rangelands in semi-arid areas of the region.

Prospects of Trade Management System (TMS) in Nepalese Stock Market: Evidence from Structural Equation Modelling

This paper attempts to get opinions from the TMS users about its performance along with its main barriers in Nepalese stock market. Signaling theory and explanatory research design are adopted to seek causal relationship amongst online stock traders in Kathmandu valley. Following convenient sampling technique, 316 TMS users were interviewed with structured questionnaire; where data collection is done by using Kobo Toolbox. Structural Equation Modelling (SEM) is used to see the prospects of Trade Management System amongst TMS users using SPSS and SPSS AMOS software. Findings indicate that volume signals and online trading are significant causal relationship to investment behavior of TMS users in Kathmandu Valley which support Signaling Theory. Therefore, online trading would emerge as a more reliable investment platform and will provide large-scale investment possibilities in Nepalese stock market.

Update on Indonesia’s East Java Province: Still a Case of ‘Balanced Development’?

Since the 1980s, surveys have portrayed East Java Province as an economic success story, with high levels of growth spread across all major sectors in rural as well as urban settings. East Java appears a victim of its own success with large-scale investors in the processed food sector considering relocating to Central Java where minimum wages are lower. In terms of domestic investment, housing, industrial estates and offices (27 per cent), transportation and warehousing (14 per cent) and food (8 per cent) were the main destinations in Q1 22. In Q2 2022, the principal sources of foreign investment were the United States (43 per cent, comprising mainly PT Freeport Indonesia’s Rp 5 trillion realised investments in its Gresik copper smelter), Hong Kong (19 per cent), Singapore (15 per cent) and Japan (9 per cent). Another aspect of the balanced development thesis was that trade was not the driving force in growth. That still seems to be so. Input-output analysis appears to show that the province’s surplus is actually not very large – suggesting a high degree of complementarity between East Java’s agricultural, manufacturing and export sectors. While the balanced development thesis was never meant to imply that East Java’s regions had experienced a uniform stage of development, it is possible to identify ‘winners’ and ‘losers’ within the province. So, what is East Java’s future trajectory and does it continue to deserve a reputation for balanced development? In terms of investment, balance may still be the hallmark of provincial development. In order to navigate through the ‘middle-income trap’, the province will need to invest more in human capital to foster entrepreneurship, productivity and wellbeing. Management of the provincial economy will be increasingly difficult as the intricate and complex nexus of politics and business in the province evolves.

ESG-bonds as a tool of responsible investment

The traditional view of the financial market role in economic science appeals to the theory of the primacy of financial development, according to which deep, stable and effective financial markets functioning has a positive effect on sustainable economic growth, while contributing to a fair redistribution of the aggregate public welfare. However, in recent years it has become more and more obvious that the theory of primacy is not able to reflect the variety of new global challenges related to environmental, socio-economic, organizational problems, and for developing countries focused on the export of hydrocarbon and energy-intensive products, the new challenges can be the divestiture of financial assets with high climate risks and the realization of credit, market and reputational risks in the event of decarbonization of the world economy, affecting not only the state of financial markets, but also many other important aspects of socio-economic development. It is obvious that the transition to sustainable development, inclusive growth and a carbon-neutral economy requires large-scale investment, both from private investors and the public sector (for example, multilateral development banks). Changing public attitudes as a response to new challenges is also manifested in the practice of conducting business and state regulation. Against the background of these trends, the importance of responsible investors is increasing, who are increasingly interested in the non-financial effect of their investments and in choosing companies that adhere to the principles of environmental, social and corporate responsibility. As a result, the demand for financial instruments of responsible investment is growing. The implementation of the principles of responsible investment on the scale of the global economy contributes to mitigating the consequences of global challenges, reducing climate risks, achieving the goals of sustainable expanding investment asset classes, providing new risk management tools and increasing level of financial inclusion, quality of corporate governance, environmental and social responsibility of business. Keywords: green bonds, investment, ESG, greening, ecological effect, investment project.

Large-Scale Education Reform in General Equilibrium: Regression Discontinuity Evidence from India

The economic consequences of large-scale government investments in education depend on general equilibrium effects in both the labor market and the education sector. I develop a general equilibrium model capturing the consequences of massive countrywide schooling initiatives. I provide unbiased estimates of the model’s elasticities, using a regression discontinuity derived from Indian government policy. The earnings returns to a year of education are 13.4%, and the general equilibrium labor market effects substantially depress returns, by 6.6 percentage points. These general equilibrium effects have distributional consequences across cohorts and skill groups, whereby unskilled workers are better off and skilled workers worse off.

Preparing for compounding crises: Staff shortages and cyber-attack vulnerability in the era of COVID-19

In 2020, while the USA was experiencing successive waves of COVID-19, Universal Health Services experienced a major cyber attack that crippled electronic systems in over 200 hospitals, including a major academic medical centre that was playing a key regional role in COVID-19 care and clinical trials. This paper discusses the impact of the attack on clinical operations, informatics, research and teaching, contextualising the case study within more wide-scale trends driving the rise in cyber attacks on healthcare systems. The compounding relationships between COVID-19, healthcare workforce depletion and cyber-security vulnerabilities form the framework of the discussion and action plan. Commitments to institutional best practices, large-scale investments in infrastructure, and above all increasing support for the critical human actors carrying out the work, are urgently needed to secure the healthcare system against these destabilising threats. Within this context, this paper argues that information security in the healthcare sector must be reimagined and integrated with greater support for the needs of frontline healthcare workers.

Impact of land acquisition for large-scale agricultural investments on food security status of displaced households: The case of Ethiopia

Food insecurity has been high on the agenda since the worldwide food crisis around the mid-2000 s. Since then, Large-scale Agricultural Investments (LSAIs) have been introduced to respond to this crisis and contribute to national food security. However, under several circumstances, the LSAIs undermined local food security by displacing smallholders from their farmlands. Available researches exploring the impact of LSAIs on the food security status of displaced households are scanty. Therefore, this study aimed to empirically investigate the impact of LSAIs on household food security using survey data collected from 521 sample households from September to November 2019 in two districts in Ethiopia. The sample comprises 49% displaced households and 51% non-displaced households. The propensity score matching method (PSM) was applied to analyze the impact of LSAIs on the food security status of displaced households. The result indicated a significant deterioration of food security among the affected households. The daily food energy intake of displaced households declined by 23% (793 kilocalories per adult equivalent) compared to that of the non-displaced households, which is significant at 1%. Similarly, the annual food consumption expenditure of affected households declined by 40% compared to the non-affected households with a 1% significance level. The finding implies displacement due to the LSAIs has contributed to worsening the food security situation of the displaced smallholders in Ethiopia. Policymakers should reconsider the conventional approach to LSAIs that emphasizes land transfer and compensation and encourage inclusive and empowering methods to reverse the situation. This subject is often neglected and, therefore, can be considered a key value addition of this study.

Inclusiveness of Wage Employment and Determinants of Wage Incomes in Ethiopia

Unemployment is one of the critical problems of developing countries, including Ethiopia. Agriculture is not only the mainstay of the economy of Ethiopia, but it is also a major contributor of employment opportunities for its citizens. The government of Ethiopia promotes commercialization of the agricultural sector through large-scale farming investment by the private sector. The article examined inclusiveness of large-scale farming and factors that determine wage incomes earned by plantation workers in Ethiopia. Both primary and secondary data were generated from households, and large-scale farming companies. Data were subjected to a modified Mincer's earnings function to see which group of the society benefited from wage employment. Inclusiveness in plantation agriculture in the form of wage employment was very limited to the local indigenous population in Gambella and Benshangul Gumuz regional states due to lack of prior farming experiences of the workers. Men and those with technical trainings received better incomes from wage employment. Regional variation in wage rates was observed among Oromia, Gambela and Benshangul Gumuz regional states due to harsh working environment and low availability of workforce. Inclusion of the local people in wage employment should receive attention by owners and the government, which will otherwise affect smooth and sustainable operation of the farms. Further, it calls for an intervention to enhance the technical skills of workers and improve women’s participation and earnings in plantation agriculture. Keywords: Plantation agriculture; wage employment; large-scale farms; inclusiveness; Mincer earning regression; Ethiopia

The impacts of improvements in the unified economic and environmental efficiency of transportation infrastructure on industrial structure transformation and upgrade from the perspective of resource factors.

As an important part of a modern economic system, a modern industrial system is the key to promoting high-quality economic development. China's modern industrial system construction focuses on industrial restructuring. At present, in order to strengthen the support and leading role of transportation in the modern economic system, China is actively promoting the construction of a competitive transportation power. Therefore, it is necessary to study whether large-scale investment in transportation infrastructure can promote industrial structure transformation and upgrade. This paper takes China as the research background. Firstly, a RAM model was employed to evaluate the unified economic and environmental efficiency of transportation infrastructure that measures the level of transportation infrastructure investment. Secondly, a PVAR model was built to evaluate the dynamic effects of transportation infrastructure investment on industrial structure transformation and upgrade. Finally, from the perspective of rational flow and optimal allocation of resource factors, the paper points out that transportation infrastructure investment can indirectly promote industrial structure transformation and upgrade through three paths, namely expanding market demand, reducing resource misallocation and increasing technological innovation, and the first half of these paths are positively regulated by policies. Then, an empirical test was done with the moderated mediation model. Research findings suggest that: first, improvements in the unified economic and environmental efficiency of transportation infrastructure can only promote industrial structure supererogation in a short time, but have no significant effect on promoting industrial structure rationalization in the short or long term. Second, in actual situation, transportation infrastructure investment can promote industrial structure transformation and upgrade only by expanding market demand and technological innovation, but not by reducing resource misallocation. Third, the first half of these paths through which transportation infrastructure investment promotes industrial structure transformation and upgrade are positively regulated by policies. This paper provided some theoretical reference for promoting industrial structure transformation and upgrade by virtue of the sustainable development of transportation.

Assessing the Enabling Conditions for Translating Restoration Commitments to Restoration Actions: Case of Cameroon

Understanding governance and policy related conditions is relevant to determine what is needed to drive large-scale landscape restoration investments. Using Cameroon as a case study, this paper assessed the enabling conditions for large-scale forest restoration focusing on tree growing as the main practice. Descriptive statistics and correlation analysis were applied to understand trends in the opinions of 48 stakeholders sampled purposefully, including the review of forestry and land use related strategy and policy documents. Results indicated that stakeholders and strategy documents, strongly recognize the relevance of governance and policy related conditions to drive large-scale restoration. The trends in stakeholder insights revealed that the capacity of these conditions is currently weak and insufficient to enable large-scale restoration and progress towards improving these conditions have been very slow when compared to assessments made more than a decade ago. There is a need for a strong political will to improve these enabling conditions, though the technical arguments required to help guide and drive the political will are weak. The forest landscape restoration strategic framework needs to be revised and reinforced with appropriate and in-depth technical and operational orientations on how to improve each of the enabling conditions that will help achieve the large-scale restoration commitments in Cameroon.

Electricity storage systems

Purpose. Analysis of the state of energy storage systems in the world, determination of prospects for their development and comparison of electricity storage methods. Research methodology. Theoretical justification and comparison of electricity storage systems taking into account the real indicators of the energy system of Ukraine as of the end of 2021. The results. Show that there is a need for a theoretical and practical approach to the implementation of storage capacities in order to maintain the balance of the electric power system. As a result of the review of the most common electricity storage devices, their features as a whole were highlighted. All of them have both advantages and disadvantages. However, in a comprehensive approach to their promotion, it is possible to obtain the greatest expected result. The most promising, from the point of view of the chain: environmental friendliness - cost - relevance - necessity, is – hydrogen. Scientific novelty. Is that the possibility of combined use of various types of battery systems with different characteristics is being considered. Practical value. The possibility of introducing battery capacities at the industrial level for more effective decentralization of the state's energy sector. Today, without the necessary infrastructure, re-equipment of existing energy-receiving and distribution stations, large-scale investments, hydrogen cannot become effective, as much as it is capable, because energy must move from the wire to the gas, and then back to the wire. That is, there is a certain vector of energy that is constantly in a "transitional" position. That is why the energy efficiency at each of the levels of converting hydrogen into electricity drops. Efficiency, under normal, normal conditions of "yesterday's" day in this case will be about 80%. To transport hydrogen, it is necessary to compress and cool it. This process takes up to 10-15% of energy. For further transformation into electrical energy, thermal energy is consumed, and as a result, electricity can be obtained with an efficiency of ~65-70%.

Military investment and the rise of industrial clusters: Evidence from China’s self-strengthening movement

This paper investigates the short- and long-term impact of large-scale military investment on civilian industrial growth by focusing on China’s first attempt to modernize its military sector between 1861 and 1894. Panel data from 1858 to 1937 suggest that the program generated positive effects on civilian firm entry, but these effects appeared only after the government relaxed constraints on the entry of private firms. Long-term analysis shows that counties that received more military investment through the program, driven by plausibly exogenous ex ante political connections, had greater output in civilian industries in the 1930s. Analysis of the mechanisms suggest that the program boosted local economies through input–output linkages, human capital accumulation, and the rise of modern banks.

Advancing the practice of regional transportation equity analysis: a San Francisco bay area case study

As the transportation industry continues to evolve, it is urgent that we develop and implement methods for clearly evaluating the range of transportation engineering, planning, and policy impacts experienced by various population segments. While theories of transportation equity have advanced over the past decade, such advancements outpace existing methods for evaluating the fairness of large-scale transportation investments for disadvantaged communities. In this study, a regional activity-based travel model for the Bay Area, California is used to perform an equity analysis of two of the region’s transportation and land-use planning scenarios. Equity outcomes are tested relative to three equity standards: Equality, Proportionality, and Rawlsian justice. The primary objective is to demonstrate the usefulness of a full-scale activity-based travel model for regional transportation equity analysis. We demonstrate that fine-grained distributional measures play an important role in examining the individual and household-level impacts of regional transportation scenarios, and can complement existing Environmental Justice assessments and equity analyses by helping to explain underlying reasons for average group impacts. Distributional measures can further reveal harmful cases when disadvantaged groups are most likely to experience the disbenefits of the transportation scenarios. Yet, each type of measures in isolation does not tell the complete story of which planning scenario is likely to deliver more equitable outcomes. Finally, we demonstrate the significance of applying equity standards for ranking planning scenarios, and we find that the ranking of scenarios will vary according to the equity standard, as well as how associated evaluation criteria are defined.

Impact of land acquisition for large-scale agricultural investments on vulnerability of displaced households to climate change shocks in Ethiopia

ABSTRACT Although the socio-economic impacts of land acquisition for large-scale agricultural investments (LSAIs) are well researched, studies exploring the impact of LSAIs on climate change vulnerability of the displaced smallholders are scanty or none. This study, therefore, intends to bridge this knowledge gap. It empirically investigates the impact of LSAIs on the climate change vulnerability of displaced smallholders. Data was collected from 521 sample households (49% displaced and 51% non-displaced households) using the face-to-face survey data collection method in the Oromia region. Principal component analysis (PCA) and propensity score matching (PSM) methods were applied to analyze the data. The results indicate that LSAIs have increased the vulnerability of displaced smallholder farmers to climate change shocks by up to three-fold compared to the control households, which is significant at 1%. The finding implies that policymakers should consider the implications of land deals on the vulnerability of the displaced smallholders and design appropriate adaptation strategies to mitigate the impacts. The empirical finding from this study has filled the existing information gap in the areas of climate change vulnerability of the displaced farmers.

Can a basic income help address homelessness? A Titmussian perspective

Homelessness is a worsening problem across the developed world and existing policy responses are failing to have an impact. This article considers whether a basic income (BI) can play a role in radically overhauling prevailing homelessness policy and interventions. Drawing on Richard Titmuss’ classical arguments about the value of universalist welfare, I argue that a BI can play a role, but only as part of a suite of universalist measures that includes large-scale social housing investment and rent controls. I highlight how a BI can help address the ‘income side’ of the housing affordability problem driving homelessness, but must be coupled with other measures that address housing cost and supply. I also consider how a BI can reduce stigma arising from targeted homelessness measures. I conclude by arguing that addressing homelessness requires us to transform the logic of welfare provision and that a BI can help do this.