Finance:Wellbeing economy
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
A 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]
See also
References
- ↑ 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. et al. (2022). "Wellbeing economy: An effective paradigm to mainstream post-growth policies?". Ecological Economics 192: 107261. doi:10.1016/j.ecolecon.2021.107261.
- ↑ 3.0 3.1 Nozal, Ana Llena; Martin, Neil; Martin, Fabrice. The Economy of Well-being: Creating Opportunities for People's Well-being and Economic Growth (Report). OECD. http://www.oecd.org/sdd/publicationsdocuments/workingpapers/.
- ↑ "Building a New Scotland: A stronger economy with independence - summary". Scottish Government. https://www.gov.scot/publications/building-new-scotland-stronger-economy-independence-summary/.
- ↑ "Wellbeing of Wales". September 28, 2023. https://www.gov.wales/wellbeing-wales.
- ↑ "Wellbeing Economy Governments (WEGO)" (in en). http://weall.org/wego.
- ↑ The Geneva Charter for Well-being (Report). World Health Organisation. https://www.who.int/publications/m/item/the-geneva-charter-for-well-being.
- ↑ 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. https://www.who.int/teams/health-promotion/enhanced-well-being.
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