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Abstract: Around the world we are witnessing important shifts in our understanding of ‘progress’ and ‘development’. With Governments moving beyond Gross Domestic Product (GDP) and embracing new metrics of success, from the Sustainable Development Goals (SDGs) to national wellbeing indicators. This movement is significant, as it moves us beyond a focus on ‘means’, i.e. economic growth, to a focus on the achievement of ‘ends’, i.e. our collective wellbeing. The challenge is that our current economic thinking has not only determined our measurements of progress, but also our government structures, societal power dynamics and cultural narratives. Developing a Wellbeing Economy is, therefore, not only about different measures or different policies, but also about changing our relationship to the economy and our approach to its management and governance.
To support this shift, the Wellbeing Economy Alliance developed a Policy Design Guide to provide policymakers with practical tools, case studies and suggestions on how to:
1. Develop a new vision of progress and move beyond GDP
2. Design transformative strategies to foster the areas of economic life most important for wellbeing
3. Assess and select policies to support systems change
4. Foster inclusive, participatory and effective policy implementation
5. Evaluate policy impact on wellbeing for learning, adaptation and success.
In this webinar, Amanda Janoo will explore these processes by highlighting best practice examples from around the world and an honest discussion of the areas where innovations are still needed, with the aim of supporting Luxembourg to be a leader in the Wellbeing Economy movement.
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