Business, Commerce and the Global Financial System

Abstract

Commercial practices are being re-defined by disruptive innovations that are opening up new global and local markets. This chapter examines how changing technologies are creating new opportunities for entrepreneurs in both the developing and developed world. In the developing world, micro-finance and mobile technologies are linking the vulnerable to markets. In the developed world long-held monopolies in the banking, transport, and hotel industries are now subject to a more competitive market with the rise of new platforms such as the sharing economy, crypto-currencies, and crowd funding.

Crowdfunding in the accommodation realm and pandemic times: The resilient case of CleanBnB

“…In recent decades the attention has moved from the offline to the online dimension and has boosted social interests towards new topics and new kinds of projects (Pais et al, 2014). In fact, the technological revolution and globalisation dynamics have affected traditional economic systems, with regulation issues oriented to avoid fiscal matters (Elkins & Lenten, 2016;Haddad & Hornuf, 2019). Crowdfunding platforms include participation actions, not necessarily related to monetary exchange, and monetary benefits, especially in communication and storytelling campaigns (Murphy, 2018).…”