21 Tips of Sustainable Economics as Guide to 2021 and 21st Century Survival
1.) growth in 2021 should/would be mostly driven by public investments and active fiscal role in economic transformation, both in basic reconstruction (as in case of my country, Croatia) and in sustainability infrastructure buildup: from European, public and private investment sources
2) subsidies and assistance as investments in the economy and society should/will be maintained for the quantitative rebound and should be converted through 2021 from quantitative to qualitative tax incentives (these are already elements of progressive tax development policy) to allow economy its return on marketability with corporate transformation in between
3.) monetary policy in 2021 should continue globally to be coordinated and set on creating liquidity but finding instruments for this liquidity to end up in activity and not inflation even to property value niche market inflation, thus creating impetous and sources of growth and development primarily through purchase of dedicated bonds and sustainable assets on open markets
4.) epidemics and weather friction economics requires our greater engagement and volume of public, state and local services for purposes of sustaining public health, environmental health and economic sustainability
5.) climate and health uncertainties give impetous to new construction of public, regionally dispersed storage and reserve centres: from food banks, to medicine reserves and alternative energy or general energy storage - in practice they will be used to regulate possible shortages and price speculations- a type of new foreign exchange reserves
6.) an integral part of the European Green Agreement on Growth should be the EU Manufacturing Union as extension of integration, i.e. uniform planning of new environment digitally conditioned new manufacuting dispersed through all member states and with higher share of Union wide production consortia - energy, vehicles, energy plants, food processing
7.) an integral part of sustainability is increasing of consumption independence and reciprocity of exchanges - an obligation that 50% of consumption is sourced by local and domestic sources should be legally established, with non-residents being able to invest in these capacities also allowing that remain of the 50% of international trade is guarantee to competitiveness to such domestic sources
8)citizens and businesses other than financial systems should be allowed to purchase directly dedicated national, local and development-related bonds and stable and currency coins should be given more transation baed value
9.) in 2021 we should start making the most of blockchain opportunities in the function of non-financial reporting about companies and their products and services - laws should introduce mandatory of digital feedbacks for each manufacturer, service provider and distributor
10.) transparency of reporting on consumption; of energy and resource inputs and waste management ought to be come an ESG standard also conditioned by tax subsidies
11.) the is need and potential of increased public governance by means of new technology, as well as coordination of growth and restructuring throuhg building of AI systems with big data contextualized within public clowds
12.) in the course of Green Deals we should install digital panels with real time data on pollution and air quality at all major roadsides
13.) public media services should commit to obligation on minimum standards on reporting about the state of environment and public health and wellbeing
14.) importnat for economic policy in 2021 is creation of a digital register of waste and recyclable materials - in the future all types of usable parts of waste should be tradable
15)starting with 2021 smart homes IoT sustainable urbanisation in 2021, hould give way to GDP and activity creation
16.) Creating of an sustainability input output table of the European Union or within US States or global trading partners can help institution of balancing and reciprocity of the flows of goods, people and capital and thus intgerate global staled growth
17.) launching of new development clusters at universities connecting state and private capital aimed at development of green industries and jobs globally - smoothing South North migrations
18) rebuilding of the model of intergenerational assets and capital and prosperity insurance that we inherit and hand over to next generation
19.) ageing population and population left to future bio agents of endemics provides a framework for investments in the healthcare and care system and supporting industries - from the development of bio and digital technology it is a cluster of new employment
20.) well-being and state of the environment should be calculated next to BDPa as official state of statistics and part of system of national statistical accounts
21.) 2020 reminded us by force that health and physical safety from aggressive and unpredictable environmental changes will be spotlight of tommorow, In 2021 we need to organize growth, development and wealth around them
Youth Peacebuilder | Sustainability Advocate @ Sustainability Pathways for Africa | Capacity Building Specialist @ PIND Foundation | Accountant, Business writer | Hospitality Enthusiast | Chess Player
2 年Thank you for this article. Some of these tips are still vital in 2022. Very helpful.