2022/08/25 The economy of wellbeing: what is it and what are the implications for health?

It is well understood that ensuring the health and wellbeing of the population and
the planet requires action on a wide range of social, economic, cultural and
environmental determinants. Current economic policies typically pay insufficient
heed to these determinants compromising the future health of the planet and
inadequately considering the impact of intergenerational transfer of wealth and
resources. Now we have a critical opportunity to pivot economic policy towards a
wellbeing economy.
The concept of a "wellbeing economy"; is gaining traction as a way to build
sustainable and resilient ecosystems and wellbeing in communities. A wellbeing
economy both thrives and provides an equitable distribution of wealth, health, and
wellbeing, while preserving the planet’s resources for future generations and other
species. It positions the economy as an enabler of social outcomes, shifting the
driving force of government decision-making from economic growth itself to an
economy that is designed to be equitable, restorative, and regenerative.