Traditionally G20 and G7 policy making has focused exclusively on the pursuit of economic prosperity, assuming that social prosperity would develop alongside it. The past decades have shown that this is not the case: market economies routinely give rise to environmental degradation and social crises (driven by rising inequalities, falling social solidarity and fear of … Read more
This session is curated by Anna-Katharina Hornidge, Director, Stephan Klingebiel, Chair, Research Programme “Inter- and Transnational Cooperation”, and Heiner Janus, Senior Researcher, all German Development Institute (DIE). Responding to the urgent global crises requires a transformation of the economy towards focusing on human well-being and respect for planetary boundaries. No nation-state alone can achieve the … Read more
Our future depends on our ability to transform our economic system – to take stewardship in transforming the system in accordance with our collective goals. This requires, first and foremost, reliable measures of progress so that we can evaluate if we reached our economic, social and environmental goals. Next to growth in material gain, we … Read more
The world continues to face great upheaval wrought by the pandemic and recently Russia’s invasion of Ukraine. Our many global threats — from climate change to pandemic vulnerability, from financial instability to cyber insecurity, from biodiversity loss to food insecurity – remain, but they require a radical reevaluation in the new geopolitical and geoeconomic circumstances. … Read more
The wealth of our societies is typically described in terms of economic growth, production and income. Yet, people would probably name good health as their most important goal, particularly under the current pandemic circumstances. Economic prosperity is intrinsically dependent on public health. Investments in healthcare and R&D, as well as in other social and health-promoting … Read more
Welfare states can buffer economic hardship – their primary function is to provide a public safety net in times of individual crisis and to enable people to overcome the crisis through activation. Thus, if done right, welfare states support solidarity and empowerment. In normal times, welfare states deal with individual volatility resulting from impacts of … Read more
Election corruption, police brutality, political turmoil, tax breaks for the wealthy, unequal educational access, wage inequality, disinformation perpetrated by the media, and more. Events of the last few years have demonstrated that society’s institutions are in dire shape. Institutional failure is occurring because these institutions, from local to global, were made for a world that … Read more
Our current measures of progress are primarily financial and short-term. Macro-level reporting has had a particular emphasis on GDP and corporate reporting has largely been focused on shareholder value. In the context of broader social objectives, our current approaches to reporting are neither sufficient nor effective. While there has been a proliferation of standards and … Read more
The United Nations Secretary General’s High-Level Panel (UNHLP) on Women’s Economic Empowerment (WEE) was established by then-UNSDG Ban Ki-moon in 2016 “to address the specific economic issues that affect women and to support the implementation of the 2030 Agenda for Sustainable Development and its promise to leave no one behind.” His successor, António Guterres has … Read more
The Italian G20 Presidency comes at a critical time in the history of the G20. Collective action across the G20 and beyond is required to promote recovery from the Covid-19 pandemic, both in terms of global health and economic prosperity. Furthermore, this recovery needs to be environmentally sustainable and socially inclusive. Never before has the … Read more
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