Policymakers worldwide have long relied on reactive, symptom-oriented tactics to boost economic growth, instead of adopting a systemic approach that moves beyond output to account for environmental and social outcomes. This may be about to change.
AMSTERDAM – Since the 2008 financial crisis threw the world economy into a tailspin, there has been much talk about the need to pursue inclusive, sustainable prosperity. Yet policymakers in developed and developing countries alike have largely continued to rely on reactive, one-dimensional strategies aimed at boosting economic growth, instead of adopting a systemic approach that moves beyond output to account for social and environmental objectives. This may be about to change.
AMSTERDAM – Since the 2008 financial crisis threw the world economy into a tailspin, there has been much talk about the need to pursue inclusive, sustainable prosperity. Yet policymakers in developed and developing countries alike have largely continued to rely on reactive, one-dimensional strategies aimed at boosting economic growth, instead of adopting a systemic approach that moves beyond output to account for social and environmental objectives. This may be about to change.