The Impact of Economic Crises on NGOs: The Case of GreeceVoluntas (2017)
The paper analyzes the impact of economic crises on organized civil society. A number of empirical studies have shown that a financial crisis can inflict a serious damage on the nonprofit sector—mainly through a sharp decline in revenues. However, the Greek case shows that a crisis can also have some positive effects on NGOs: many nonprofits introduced reforms that increased efficiency, the number of volunteers reached record levels, and there was a spectacular rise in funding by private philanthropic foundations. However, Greek NGOs continue to be dependent on external funding, unable to raise large sums from their members and the wider public. Organized Greek civil society continues to be turned upside down: dependency on EU and state funds is being replaced by dependency on private foundations.
- Civil society,
- Economic crisis,
- Private Foundations
Publication DateMarch, 2017
Citation InformationNikolaos Tzifakis, Sotiris Petropoulos and Asteris Huliaras. "The Impact of Economic Crises on NGOs: The Case of Greece" Voluntas Vol. 28 Iss. 5 (2017) p. 2176 - 2199 ISSN: 1573-7888
Available at: http://works.bepress.com/tzifakis/31/