Resilience Economics Report from Common Weal

The recent report from Common Weal Scotland, ‘Resilience Economics’, sets out an economic framework for rebuilding Scotland’s economy post-virus. This new document explains the principles behind Resilience Economics – the act of building an economy designed to withstand and react to shocks such as financial crashes, global pandemics, and climate change.

 

Download the report here

 

The report explains why the current Neoliberal, free-market economic model is failing, showing how the Covid 19 pandemic has exposed these failures, and explaining why resilience should be a central part of the rebuilding strategy. It goes on to explore theories of Resilience Economics, such as circular and wellbeing economies, and examines the principles of Resilience Economics which demand that economies value metrics such as sufficiency, wellbeing and transparency.

 

Highlighting areas where Scotland has particular opportunities in sectors such as energy, land, timber, food, and human resources, the report outlines Scotland’s unique assets, and the role they could play in Resilience Economics. Lastly, it shortlists some high-level policy goals which would help to transition Scotland “from post-virus vulnerability to a resilient economy”.

 

 

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