‘Wellbeing economy’ is key to Africa’s growth and progress

THE Millennium Development Goals (MDGs) come to an end this year. Introduced in 2000, the MDGs have provided a shaky roadmap for international development, as the world experiences rising inequality within and across countries, worsening environmental conditions and instability. Designed to assist poor countries in their journey to “development”, the MDGs have failed to trigger meaningful change and have largely resulted in business-as-usual policies.

The failure of the MDGs has also been a failure of conventional economic thinking. There is increasing recognition that the mainstream approach to economic progress, which is based on the maximisation of growth in gross domestic product (GDP) at all costs, is not only inadequate from a social point of view, but also disastrous for the long-term health of our societies and ecosystems.

Read the full article in Business Day: http://www.bdlive.co.za/opinion/2015/05/27/wellbeing-economy-is-key-to-africas-growth-and-progress

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