Policy Design for a Wellbeing Economy – Event Recap
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?
- 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.
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