The following post was submitted on August 3 to firstname.lastname@example.org which is part of the UN Post2015 effort to device a new integrated framework after the MDGs framework and action expires. It describes the contents and goals of its debate in the following terms.
‘Inclusiveness’ has become a buzzword, particularly in development economics. But how can we create a more inclusive economy and what obstacles lie in the way? These are the questions that The Broker's 'Spurring economic transition' debate addresses.
Spurring economic transition is about building a global economic model that is durable, is aimed at more than just economic growth, and seeks to involve those who are currently excluded in a participatory way. Such economic transformation might be needed in all countries - developed, emerging, and developing.
The Broker aims to provide an overview of the lessons learned from efforts to transform the economy in such a way, all over the world. We bring together diverging approaches on how to effectively and structurally evoke this change by connecting the knowledge of academics, policy-makers, practitioners and entrepreneurs. The debate focuses on the following questions:
Assuming that the goal is to transform the global, regional and local economy in such a way that well-being for all is more important than growth rates:1. How could this be done?2. What hinders this economic transformation?3. How can such an economic transformation be structurally incorporated into policy at national, regional and global level?
'Spurring economic transition' to a more inclusive economy also includes the need to look at the most basic global system, i.e. the international monetary system. It acts like glue binding together the financial, economic and commercial systems. Transforming that basic system means transforming the other global systems that are built upon i.
Taking that international monetary system and basing it not on a gold but a carbon standard is one way of transforming it. How that can be done is presented in the 2012 book The Tierra Solution: Resolving the Climate Crisis through Monetary Transformation which discusses the conceptual, institutional and strategic dimensions of this “extraordinarily innovative” proposal. (see review in Amazon.) Bill McKibben, author, environmentalist and founding leader of the global www.350.org wrote the following statement on basing the international monetary system on a carbon standard as proposed by Verhagen’s 2012 Tierra Solution book: “The further into global warming area we go, the more physics and politics narrows our possible paths of action. Here’s is a very cogent and well-argued account of one of the remaining possibilities.”
The conceptual, institutional and strategic dimensions of The Tierra Solution is an answer to your first question. Assuming that the goal is to transform the global, regional and local economy in such a way that well-being for all is more important than growth rates: 1. How could this be done?
The answer to your second question “What hinders this economic transformation?” is presented in the last two chapters of the book.
Part of the answer to the third question of the Brokeronline debate “How can such an economic transformation be structurally incorporated into policy at national, regional and global level?” is presented in chapter 7 in the section on global governance and derives much of its views based upon the invitational UNITAR Conference on global governance and its subsidiary levels held at Yale University in September 2011.