Wellbeing Economy Governments (WEGo)

Overview

The first meeting of this group was at Scotland’s Inclusive Growth conference was held at the University of Glasgow on 20th of October 2017. More recently, the group was formally launched at the OECD’s World Forum in Incheon, South Korea. This included participation of senior officials from the Governments of Scotland, Iceland and New Zealand along with Professor Joseph Stiglitz, a member of the Scottish Government’s Council of Economic Advisers and Chair of the OECD’s High level Group on the Measurement of Economic Performance and Social Progress. 

Objectives:

  • collaborate in pursuit of innovative policy approaches aimed at enhancing wellbeing through a broader understanding of the role of economics – sharing what works and what doesn’t to inform policymaking
  • progress toward the UN Sustainable Development Goals, in line with Goal 17, fostering partnership and cooperation to identify approaches to delivering wellbeing
  • address the pressing economic, social and environmental challenges of our time

Policy lab

The group held their first economic policy lab in Edinburgh on 2nd May 2019 at the former home of Adam Smith, Panmure House. An opening session was held, inviting actors from the third sector and civic society to hear about the aims and ambitions of the group. First Minister Nicola Sturgeon, Icelandic Prime Minister Katrín Jakobsdóttir and the OECD’s Carrie Exton delivered the welcome address.

Following the opening session, officials from the participating nations went on to present and discuss the work being undertaken in their respective countries to promote wellbeing in practice, focusing on the following areas:

  • performance frameworks, wellbeing budgeting and inclusive growth
  • sustainable tourism and natural capital
  • child poverty and predictive analytics

First Minister’s TED speech on wellbeing

Documents