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From: Jem Bendel)
To: Jeffrey <jeevacation®gmail.com>
Subject:On Fests, Currency, Zones & the Police: Jem's Quarterly #3
Date: Thu, 06 Aug 2015 21:36:07 +0000
Greetings Jeffrey
I write to share what I've been up to in the last 3 months, with news of a festival, money, zones
and the police!. If you don't want to hear from me every 3 months, please click the goodbye link at
the end of this email.
In preparing this update, I've been looking back on how I accidentally became a festival organiser.
It all started this time last year, as I looked out from a stately hall across emerald lawns to
England's largest lake. In the distance, I could see a group in a boat, rowing across the sparkling
blue of Windermere. Young people, on a summer camp, doing one of the many outdoor activities
offered by the Brathay Trust. This would be a great venue for a festival, I thought. Could we
combine a research conference and ideas festival with lots of outdoor and creative activities, from
kayaking to drumming, storytelling to flying the zipwire? "Great idea" said Kaz, then head of
research at Brathay. After a month of emailing and phone calling, we had an initial programme of
remarkable speakers and cool music, complemented by an academic committee, special issue of
a joumal and sponsorship from Futerra and Reagent.
In 2013 I had given the closing keynote for Brathay's first wellbeing conference, where I argued
that individualistic and purposeless notions of wellbeing can be unhelpful, as we must recognise
the importance of collective wellbeing - or "sustainability - and the importance of serving a
purpose beyond our selves - or leadership." Fast forward two years and I was welcoming 200
people from 20 countries to an event that started with that premise: the Leading Wellbeing
Research Festival. It was seamlessly organised by my colleagues Phil, Lucy, Jane, Wendy, Martin
and Leander. I recommend you see some of the videos from the festival including Charles
Eisenstein, Nandita Das, Jo Confino, Lynne Franks and Anna Zegna. Or read a reflection on it on
the bldg of our Institute for Leadership and Sustainability (IFLAS).
By the end of it we were all pretty loved-up. As participants wanted to stay in touch we
have created a facebook group where people are posting relevant activities they organise. Some
of us will reconvene in the Lake District on April 9th for discussions, barn dance and a hike. If you
want to join, please tell us via iflas@cumbria.ac.uk That reunion occurs during our next offering
on the same theme, which is our Sustainable Leadership Spring School. That also represents the
first intake of our new MA in Sustainable Leadership Development. I've designed and co-tutor
these courses. Click here to learn more about it.
In October I will present some of the ideas on leadership that underpinned the Festival and the
new MA, at the International Leadership Association in Barcelona. That paper
co-authored
with Richard Little from Impact International, is also relevant for academics with interest in
submitting a paper for the special issue of the academic journal we are editing. The deadline for
submissions is September 1st 2015.
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Before then, my next teaching takes the form of a free online course on Money and Society, with
one lesson a week for a month from August 23rd (i.e. soon!). The tension between a troika of
institutions and a Greek government mandated to resist further austerity has brought the
importance of our monetary systems for the future shape of democracy into stark relief.
Therefore, in an article for the New Scientist magazine in June I explained the importance of
currency innovation for countries facing austerity. Our free course, which I encourage you to enrol
on, delves into the very essence of money, its history, current formation and possible future due to
currency innovation. An 18 minute lecture presents some of the opening critiques of our current
system of bank-issued money.
Unfortunately most governments have thus far ignored this aspect of contemporary banking
systems in their discussions on an agenda for financing development, which they concluded in
Ethiopia in July. Some of us who work on currency innovation sought to inform the negotiations
via an inter-agency task force of the UN, but were ultimately unsuccessful. However, on the eve of
the UN summit in Addis Ababa, the UN Research Institute for Social Development (UNRISD)
published a paper on heterodox monetary theory and currency innovation for development which
I co-wrote with Matthew Slater and Will Ruddick. As far as I'm aware, it is the first UN paper to
discuss the implications of Bitcoin and currency innovation.
When the knowledge of policy-makers lags behind key challenges and technologies, it feels right
to get on and do what you think is useful and might have a massive future. In the case of
monetary reform and currency innovation, that is why I'm pleased to join the Advisory Board of
Grassroots Economics a Kenya association that is launching local currencies with business
networks across Africa. It is also why I'm starting as a non-executive director of the impact
investors Trimantium. With significant sums under management, an ethical pension fund, and
investments in crowd-funding platforms and health technologies, the aim of Trimantium is to make
capital matter by putting it into profitable businesses that can be part of a viable future for all. On
the board I will join experienced investment professionals and tech entrepreneurs, so am looking
forward to learning with them.
While working on these transformative entrepreneurial approaches is important, there is another
more reformist paradigm for our efforts, which is to help manage existing forms of global
capitalism a bit better. One key component of many nations economic development strategies has
been the establishment of special economic zones, or export processing zones (EPZs). These
have tended to give businesses preferential tax rates to encourage them to set up manufacturing
operations to export to global markets. On the one hand, many countries are expanding these,
while on the other hand, rules established by the World Trade Organisation (WTO) now restrict
the amount of 'trade-distorting' subsidies that governments can offer to attract investment into
such zones. So what is the future of such zones? Could social and environmental excellence
become a new basis for their attractiveness for investment? Since March I have been supporting
the UN Conference on Trade and Development (UNCTAD) to research this issue. We will launch
the report on the future of EPZs at the WTO on October 1st in Geneva.
Fortunately this type of engagement with international organisations to seek some influence for
one's research is now more welcomed by the audits conducted on the work of academics. The
suitability of metrics for our research and teaching is a hot topic in the UK at the moment, and
therefore I'm hosting the lead author of the recent 'Metric Tide' report, Professor James Wilsdon,
at a free open lecture in Lancaster on October 13th
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Looking ahead to the new academic year, it is an exciting time for the Institute we launched in
2013, as it diversifies on the basis of the talents and interests of the team. For instance, this
autumn my colleague and IFLAS Deputy Director, Dr David Murphy, will teach the opening
module of the MSc in Strategic Policing. Through our participation in this MSc, we are integrating
our approaches to leadership development, community engagement, stakeholder collaboration,
ethics, and sustainability into what is set to become one of the leading policing masters degrees
in the UK. Given the strength of international recruitment to this programme it could be an
intriguing development for the years to come. We anticipate leaming a lot from our colleagues in
the policing subject area, and also from the participants on this innovative course.
For myself, in the coming months I have cleared my diary somewhat to finalise academic writing
and course development. Please note that due to the volume of emails I receive I may not be able
reply swiftly. I hope that some of the links to readings, videos, courses and events in this email
are of some interest and that we might meet at one of these activities. Thanks for your interest
Jem Bendel!
Professor of Sustainability Leadership, Institute of Leadership and Sustainability (IFLAS)
Staying In Touch
My next update will be mid•November. For more frequent info. consider joining the Sustainable Leaders Linked In
group.
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| Filename | EFTA00708402.pdf |
| File Size | 227.5 KB |
| OCR Confidence | 85.0% |
| Has Readable Text | Yes |
| Text Length | 8,870 characters |
| Indexed | 2026-02-12T13:48:29.051256 |