What's Happening?
The upcoming set of United Nations sustainability goals is expected to focus on the solidarity economy, which emphasizes social justice, economic equity, and environmental sustainability. This shift comes
as the traditional measure of economic performance, GDP, faces criticism for not adequately capturing human well-being and social equity. The OECD's 'Beyond GDP' initiatives highlight the need for alternative metrics that account for non-market activities and environmental sustainability. New frameworks like the Human Development Index and Genuine Progress Indicator are being considered to better reflect these dimensions. The UNRISD has developed sustainable development performance indicators specifically for social and solidarity economy entities, integrating economic, social, and environmental dimensions.
Why It's Important?
The focus on the solidarity economy within the UN sustainability goals represents a significant shift in global development strategies. By prioritizing human rights and social equity, these goals aim to address the structural inequalities perpetuated by neoliberal economic policies. The solidarity economy offers an alternative model that protects marginalized groups and promotes collective well-being. This approach could lead to more inclusive and rights-based communities, empowering groups such as women, ethnic minorities, and informal workers. The development of new measurement tools will validate the importance of the solidarity economy and help formulate policies that support its impact.
