Wellbeing economy is a public policy framework in which the economy is designed to serve social, health, cultural, equity and nature outcomes.[1][2] The aim is to go beyond gross domestic product (GDP) as the main measure of national economic performance. Since the early 2000s there has been growing interest in wellbeing as a framework in research, measurement and policy.[3]
National and international adoption
editA number of countries have introduced wellbeing metrics to guide public policy decision-making and inform budgetary processes with a focus on education and skills, health, gender and inclusion.[3] The approach has been adopted as national policy in a number of countries including Scotland,[4] New Zealand, Iceland, Wales,[5] Finland and Canada which established the Wellbeing Economy Governments partnership (WEGo) in 2021.[6]
Intergovernmental organisations such as the World Health Organization (WHO) have also adopted wellbeing as a whole-of-government approach to meet complex social, environmental and public health challenges. This was first articulated in 2021 with the adoption of the Geneva Charter for Wellbeing.[7] and in May 2023 the WHO Assembly adopted A global framework for integrating well-being into public health utilizing a health promotion approach,[8]
Notable examples
editAustralia
editBhutan
editCanada
editFinland
editGermany
editIceland
editNetherlands
editNew Zealand
editWas a pioneer in this space
United Kingdom
editEngland
editScotland
editWales
editUnited Nations Sustainable Development Goals
editPublic opinion
editA survey made by Ipsos for the organization Earth4All in 17 of the G20 countries, found that 68% of the respondents support prioritizing wellbeing over profit.[9]
See also
editExternal links
editReferences
edit- ^ McCartney, Gerry; Hensher, Martin; Trebeck, Katherine (2023-07-05). "How to measure progress towards a wellbeing economy: distinguishing genuine advances from 'window dressing'". Public Health Research & Practice. 33 (2). doi:10.17061/phrp3322309.
- ^ Fioramonti, Lorenzo; Coscieme, Luca; Costanza, Robert; Kubiszewski, Ida; Trebeck, Katherine; Wallis, Stewart; Roberts, Debra; Mortensen, Lars F.; Pickett, Kate E.; Wilkinson, Richard; Ragnarsdottír, Kristín Vala; McGlade, Jacqueline; Lovins, Hunter; De Vogli, Roberto (2022). "Wellbeing economy: An effective paradigm to mainstream post-growth policies?". Ecological Economics. 192: 107261. doi:10.1016/j.ecolecon.2021.107261. hdl:11577/3452652.
- ^ a b Nozal, Ana Llena; Martin, Neil; Martin, Fabrice. The Economy of Well-being: Creating Opportunities for People's Well-being and Economic Growth (Report). OECD.
- ^ "Building a New Scotland: A stronger economy with independence - summary". www.gov.scot. Scottish Government. Retrieved 2023-10-07.
- ^ "Wellbeing of Wales". Government of Wales. September 28, 2023.
- ^ "Wellbeing Economy Governments (WEGO)". Wellbeing Economy Alliance. Retrieved 2023-10-07.
- ^ The Geneva Charter for Well-being (Report). World Health Organisation.
- ^ Achieving well-being: a global framework for integrating well-being into public health utilizing a health promotion approach (Report). World Health Organisation. 30 May 2023.
- ^ Allgood, Beth. "Understanding the Global Call for Wellbeing: Insights from Earth4All's Latest Survey". One Nature.
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