Transforming the Social Economy: Narratives of Innovation in a Globalised World

Abstract

This article examines how the social economy has adapted in a globalized environment, highlighting the stories of creativity that have emerged to meet current challenges. Throughout history, the social economy, which includes cooperatives, associations and social enterprises, has been promoted by principles such as solidarity, equity and social justice. The general objective of this research is to investigate the transformation of the social economy, and its correlation with innovation narratives in the general context of a globalized world. Using a methodology that combines the mixed approach, cases of social economy projects in various areas of Ecuador were analyzed. Among the stories of creativity are the use of digital platforms to promote collaboration at a global level, the interconnection of fair-trade networks and the promotion of sustainable practices in local economies. According to the research, the ability of the social economy to evolve is based mainly on its flexibility, the incorporation of novel technologies and the formation of strategic alliances. However, the authors warn of the danger that certain innovations may distort the original foundations of the social economy if they are not managed appropriately. Finally, a conceptual framework is proposed to understand how stories of creativity can foster comprehensive transformations, preserving the essential principles of the solidarity economy in a globalized environment.