Posts

WEAll is developing a Policy Design Guide that is to be launched in January. In support of this, we hosted an event on November 5th to galvanize interest. Amanda Janoo led the discussion and in her presentation, she outlined the goals of the Guide and how it can be used by Policymakers around the globe. In particular, the Guide addresses the need for case studies that show how to transition toward a Wellbeing Economy. 

After her short presentation, participants broke into breakout rooms to discuss the following questions:

Discuss your experiences designing policies to build a just and sustainable economy. What has worked and what hasn’t? 

How could a global policymakers network and/or WEAll support governments to build a Wellbeing Economy? What would you hope to gain from a network such as this?  

Some of the interesting questions that were raised are detailed below. 

What is a Wellbeing Economy?

  • Definitions: What are the different definitions of wellbeing? How do we make these understood by global audiences?
  • Clarity: What is the definition of a Wellbeing Economy? How we get there is still unclear. The goals feel too general and are disconnected from what is happening on the ground. How can we provide better clarity? 
  • Communication: Clear messaging around a Wellbeing Economy is important. How do you get more buy-in from colleagues? Some expressed the misconceptions around having to give something up to make progress on social or environmental issues. Do people have to choose between the economy and the environment? One suggestion for developing widespread understanding of a Wellbeing Economy was creating a forum for communication with people e.g. hosting Citizen Assemblies, as done in Scotland, for example. 
  • Education: There must be a student-led movement and shift in school curriculums to educate about a need for a Wellbeing Economy and the necessary transitions to achieve it. In addition, there must be a shift in understanding that economic policy, environmental policy and social policy are not ‘separate’; these distinctions are unhelpful and efforts must be connected to each other to deliver desired wellbeing outcomes.

Data & Evidence

  • Evidence: Many people want to make the transition, but more measurements, case studies, research, indicators are needed.
  • Indicators and data: For the countries that have access to data on wellbeing indicators, questions lie in how to prioritise, how to apply the data and how to share it across various sectors of the economy. For those countries that don’t have access to the internet or systems to collect sound data, how can governments make informed decisions?

Involving Stakeholders

  • Participation: How do we bring people along with us on the journey towards a Wellbeing Economy? How can we engage them throughout the policy design process? 
  • Diversity:. How do we ensure that we’re representing all communities? One comment suggested that the SDGs ignoring racial inequality as a core issue. We cannot achieve the SDGs without first tackling issues around race and racism. 
  • Aligning Institutions: Most government departments still work in silos. How do we align government efforts to recognise and address the interconnections between social, environmental and economic dimensions? How can we illustrate these synergies? 

Considerations for Prioritising Wellbeing 

  • Adaptation: How can we adapt frameworks such as the SDGs or the OECD Wellbeing Framework to our national context? How can we select and prioritise the wellbeing goals that suit our unique context, challenges and culture? 
  • Money: This is still the dominant bottom line in policy: allocate budgets to help the economy grow first and foremost, and people and planet as secondary considerations . If we are to shift  toward a Wellbeing Economy, what kind of investment strategy would we need to address this issue? 
  • Women: If we don’t lift up and empower women globally, how are we going to improve wellbeing? One interesting point was raised around finding out what women actually need. For example, a rural electrification project may want to support women, but is that the solution that is actually going to lift women out of poverty? How do we focus our efforts to address root causes?

Where do we go from here?

There are a lot of questions around transitioning to a Wellbeing Economy that need answers. These answers  will not come from WEAll alone, but from all of us, as a collective. Together, we can share our knowledge and experience, connect the theoretical with the practical, identify the most useful indicators, and simplify language so that others may understand the vision of a Wellbeing Economy. 

Please let us know if you are interested in joining a network of policymakers from around the globe to support and co-create Wellbeing Economy  practices,by filling out this form. 

We make up the economy. You and me, all of us, together; the people

“An economy [is really, just] a term for the systems we build to produce and provide for one another.” 

At least, that’s how Amanda Janoo, WEAll’s Knowledge & Policy Lead, puts it.

In the recent Decades for Courage Podcast, Amanda explained how 

“The economy is not something given, it’s not governed by some magical laws, it’s something that is made and remade all the time on the basis of our individual and collective decisions.”

However, we’re working under a model that doesn’t support – or share – that idea. 

Through the hour-long podcast, Amanda Janoo, Hunter Lovins and host, Dana Gulley, discuss the myths about our current capitalist, neoliberal system. And, provide a vision to move away from it.

Amanda urges us to reframe how we think about the purpose of the economy and to imagine different outcomes from this system. 

“We have the capacity and resources to build a system that ensures people have the things that are necessary for their own flourishing.” 

In the midst of this global pandemic, much talk is focused on getting the economy moving again, that we need to jumpstart it – as if the economy is a thing that we are here to service. 

Instead, we need to begin to think about the economy as something that we create, and it is in service of us

Flipping this narrative allows us to recognise our role in steering the economy for our collective wellbeing – and empowers us to take back control when it feels the global circumstances are leaving us powerless. 

This inspiring podcast gives hope for a better world. Both Amanda and Hunter share captivating anecdotes about current progress being made in the transition toward a Wellbeing Economy. 

Listen to the entire podcast here

You can follow Decades of Courage on Instagram and LinkedIn.

On September 23rd, you can support the WWF in making that a reality. WWF is hosting a webinar with WEAll’s Amanda Janoo, and Club of Rome member and WEAll Ambassador, Sandrine Dixson.

The ideals of a wellbeing economy were endorsed by the European Union (EU) in October 2019 and the European Economic and Social Committee (EESC) in January 2020, adding to the growing number of governments that are interested in the co-creation of a wellbeing economy in their areas.

The WWF is now calling for the European Commission, European Parliament, and the Member states to take direct actions to implement a wellbeing economy, which are in line with the Sustainable Development Goals.

In its 22- page report to be released on September 23rd, the WWF outlines it recommendations on which new measures of progress are needed to guide a wellbeing approach.

With the SDGs as the guiding tool, the recommended Wellbeing Economy strategy would:

  • Balance the social, environmental and economic dimensions of the recovery from the current health and economic crisis
  • Respond to calls from the EU Council for a common EU approach to the economy of wellbeing
  • Provide an EU strategy for implementing the 2030 Sustainable Development Goals, five years after their international adoption

Learn more about what it will take for the EU to adopt a wellbeing economy at WWF’s upcoming webinar on September 23rd. Register here.

Guest speakers include:

  • Amanda Janoo, Knowledge and Policy. Lead,  Wellbeing Economy Alliance
  • Estelle Goeger, Commissioner Gentiloni’s Cabinet, European Commission
  • Ester Asin, Director, WWF European Policy Office
  • Taru Koivisto, Director, Ministry of Social Affairs and Health of Finland