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Welfare systems should be made independent of GDP growth

Author:
Max Koch

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Year of publication:
2022

Publishers:
Unesco inclusive policy lab

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Given environmental pressures and long-term economic stagnation, GDP growth can no longer be considered as method to improve welfare resources. Researchers must investigate the relationship between growth and welfare, finding ways to decouple them, new welfare funding sources less dependant on economic fluctuations, and methods to decrease demand for welfare. Policymakers must realize the environmental limitations of the economy, working alongside researchers, activists and citizens to ensure public support.

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