Global Sustainability

The existing development paradigm does not respond to the numerous modern challenges with sustainable solutions. The introduction by the UN in the 1980s-90s of the notion of sustainability, with its three dimensions namely economy, society and environment, enriched the understanding of the issues at hand and most recently led to the 2030 Agenda and the Sustainable Development Goals. In the context of the Grand Narrative that FOGGS is working on putting together, the need for a new economic theory is absolutely central. In the digital era the “invisible hand” model seems increasingly detached from the real economy, which is trying to navigate without vision and values. The major challenge remains of modifying the system, in motion, without losing the many gains of globalization, but mitigating its negative effects manifested in increasing economic inequalities, persistent poverty, the accelerating climate crisis, health emergencies like the COVID-19 pandemic and environmental degradation.