What is a “well-being economic government partnership”?
The Wellbeing Economy Government Partnership ( WEGo ) is a community of governments and public sector institutions around the world using or piloting the ‘Wellbeing Economy’ approach.
Introduction
The Wellbeing Economy Government Partnership ( WEGo ) is a community of governments and public sector institutions around the world who are using or piloting the ‘Wellbeing Economy’ approach. This is an introduction to what WEGo is and how it works.
The World Happiness Report is an annual publication issued by the United Nations Sustainable Development Solutions Network. The report ranks countries on happiness, using a scale from 0 (lowest happiness) to 10 (highest happiness).
In 2019, it was found that the happiest countries are Scandinavia and Australia; however, there has been a decline in positive emotions experienced by residents of these countries since 2000.
What is the “Wellbeing Economy Government Partnership”?
The WEGo community is a partnership of governments and public sector institutions around the world who are using or piloting the ‘Wellbeing Economy’ approach to improve their citizens’ lives. We aim to help participants learn from each other, share best practices, and build a global network of practitioners that can support each other’s work.
WEGo was created by the World Economic Forum (WEF), which works with governments to address significant societal challenges in ways that benefit people’s daily lives across borders. WEGo brings together public sector organizations from around the world who have implemented well-being economies into their own cities or regions in order to share experiences and best practices among one another; we also provide training on how to design an effective well-being economy program; we help find funding sources for these projects; we provide guidance on how best use existing resources like data sets so they can achieve maximum impact for local communities; finally, under certain circumstances (such as when there aren’t enough funds available), WEGo may help facilitate partnerships between local governments looking for additional support from organizations like ours–and those same organizations will go back home with valuable information about what worked well so they could replicate those successes at home!
The Wellbeing Economy Governments Partnership ( WEGo ) is a community of governments and public sector institutions around the world who are using or piloting the ‘Wellbeing Economy’ approach.
The WEGo is a community of governments, public sector institutions, and civil society organizations who are using or piloting the ‘Wellbeing Economy’ approach.
The well-being economy government partnership ( WEG ) is a pledge by governments to act on the SDGs, utilizing a set of indicators to measure progress and the success of actions taken. The partnership aims to catalyze action by sharing experiences across borders and building networks among governments and their partners in order to move forward together on a common agenda for social change toward greater recognition of well-being as an essential component in economic development policy-making at all levels (national & local), along with new approaches such as “Wellbeing Economic Government Partnership” (WEGo). The WEGo brings together a unique mix of countries from different parts of the world with different cultures and political systems.
The SDGs are 18 global goals that aim to improve health, education, gender equality, and economic opportunity for all people. They address issues such as climate change, infectious diseases, and terrorism.
The WEG initiative is led by the United Nations Development Programme ( UNDP ), which supports national efforts through its Global Partnership Initiative ( GPIN ). It aims at improving lives around the world through sustainable development solutions aligned with each country’s priorities while also supporting their efforts towards achieving these goals within set timeframes (10 years).
The WEG Partnership was launched in November 2019 by the UN Secretary-General António Guterres and President of Rwanda Paul Kagame, with support from the Bertha Centre for Social Innovation and Entrepreneurship and CIVICUS.
The WEG Partnership aims to strengthen peacebuilding efforts through financial inclusion, social protection, education, and healthcare; empower women through economic opportunities; build political will towards reconciliation; improve governance capacity so countries can implement their own reforms more effectively; and promote the peaceful resolution of conflicts through dialogue processes such as mediation or arbitration.
The WEG Partnership aims to change how countries report on their SDG progress beyond GDP. By focusing on people’s well-being, countries can create policies that address economic, social, and environmental issues simultaneously.
The SDGs are a set of 17 goals and 169 targets that aim to end extreme poverty, combat inequality, and promote sustainable development by 2030.
The partnership has proposed an alternative set of indicators to measure progress – these can be used by both governments and civil society to ensure that the SDGs remain relevant to changing societies.
The original list of indicators was developed by the UN Secretariat in consultation with Member States, World Bank Group member institutions, and other stakeholders. The goal was to provide concrete indicators of progress towards achieving specific targets in order to monitor whether countries are meeting their commitments under the 2030 Agenda for Sustainable Development or any other international agreements signed prior thereto (e.g., the Paris Agreement). These include:
Official development assistance (ODA) as a percentage of total development aid;
CO2 emissions per capita;
Energy consumption per capita;
Gross national income per capita;
To become part of the WEG partnership, governments commit to selecting three indicators for their country (at least one should be wellbeing-focused) and monitoring them every year at the highest political level. This requires data collection, analysis, and recommendations made by institutions across sectors, departments, and levels of government.
This commitment also includes an annual report on how countries use the critical indicators in order to address specific challenges within their territories; this will be submitted by each government annually before December 31st of each year.
Government partners also have access to tools and resources developed by the global coalition, as well as technical advice.
You can also get access to tools and resources developed by the global coalition, as well as technical advice.
The WEG portal is open to all, meaning that you don’t need WEG membership in order to use it. The portal is the hub of a partnership that involves governments around the world, who are working together on creating well-being economic governance systems. Here, you will find all kinds of helpful information about how to put together your own well-being economic government partnership: from guides on what makes up a good proposal or policy document right through to videos explaining how best practices differ across countries.
Why should we use the ‘Wellbeing Economy’ approach?
It is a holistic approach. The well-being economy is based on values, science, and evidence, all of which can be used to inform policy-making.
It is forward-looking. The well-being economy aims to create an environment where people thrive rather than merely survive or survive at any cost. This means that we must look beyond short-term economic gains for the country as a whole (and its different sectors) in order to achieve this goal.
Because it offers a well-rounded, systemic, forward-looking approach to policy and regulatory design that enables progress on all fronts — social, economic, environmental, and political, it also provides concrete tools and a roadmap to achieve this goal.
The well-being economy approach is a holistic and systemic approach to policy and regulatory design that enables progress on all fronts — social, economic, environmental, and political. It also provides concrete tools and a roadmap to achieve this goal.
This approach looks at the total costs of doing business (including financial costs) as well as the benefits of different kinds of policies or regulations in order to determine whether they will benefit society overall or only some groups within society. The result is an economic assessment that considers both short-term costs over time (such as lower profits) but also long-term benefits such as higher productivity or higher tax revenues for governments.
How was WEGo established?
The WEGo website was created to help governments and public sector institutions around the world who are using or piloting the ‘Wellbeing Economy’ approach.
The WEGo is a global platform for practitioners, academics, and policymakers who wish to share knowledge on well-being, economic concepts, policies, and initiatives.
WEGo’s main objective is to promote dialogue between different stakeholders involved in the field of well-being economics so that they can learn from each other’s experiences in order to create a better future for everyone!
In response to the rising global demand for guidance on how to apply the Wellbeing Economy principles in policy and regulatory design, WEGo was launched at the European Forum of Progressive Policies in Iceland on October 10th, 2018.
In response to the rising global demand for guidance on how to apply the Wellbeing Economy principles in policy and regulatory design, WEGo was launched at the European Forum of Progressive Policies in Iceland on October 10th, 2018.
WEGo is an initiative led by the WE Movement which aims to support countries that are committed to applying well-being economic government partnerships as a framework for strengthening their economies through local solutions. The event was held in Reykjavik and hosted by Icelandic Minister for Foreign Affairs Eiríkur Þorsteinsson (pictured).
Who can become a member of WEGo?
The WEGo membership is open to any government or government agency that is pursuing or planning to pursue the ‘Wellbeing Economy’ approach in policy and regulatory design.
Any government or government agency can apply to join WEGo so long as they are already pursuing or plan to pursue the ‘Wellbeing Economy’ approach in policy and regulatory design.
To be considered for membership, applicants must demonstrate that they are committed to using well-being economic principles in their work, including:
A commitment to using a framework of well-being economic analysis when designing policies and regulations;
The ability to share experiences with other members of WEGo (e.g., through networking events); and
A willingness to participate in WEGo’s collaborative processes related to policy development and implementation.
This is an introduction to what WEGo is.
WEGo is a community of governments and public sector institutions that are using or piloting the ‘Wellbeing Economy’ approach.
WEGo’s goal is to accelerate social change by helping others do more of what works faster. The WEGo network consists of individuals who have worked together on projects across sectors, countries, and cultures. They share their knowledge through workshops, virtual events, and online communities.
Takeaway:
The WEG partnership is a global initiative that aims to change how countries report on their SDG progress beyond GDP.
In November 2019, the UN Secretary-General António Guterres and President of Rwanda Paul Kagame launched the WEG Partnership at COP24 in Katowice, Poland. Since then, the partnership has grown from just four partners (the United Nations Development Programme (UNDP), World Bank Group President Jim Yong Kim, and three other organizations) to include 30 UN member states and more than 40 global organizations, including Greenpeace International; Oxfam International; ONE Campaign; National Geographic Society Foundation; Rainforest Alliance Foundation; Conservation International Inc.; The Nature Conservancy Inc., WWF International among many others.
Conclusion:
Therefore, the WEG partnership has created an exciting opportunity for governments worldwide to improve their well-being indicators and create more sustainable economies. This will ensure that countries can better address issues such as inequality, environmental degradation, and social exclusion. The WEGo community is open to any government or government agency that wants to join, so long as they are already pursuing or plan to pursue the ‘Wellbeing Economy’ approach in policy and regulatory design. If you’re interested, please get in touch with us!
Frequently Asked Questions ( FAQs)
1)What is WEGo?
WEGo is a community of governments and public sector institutions that are using or piloting the ‘Wellbeing Economy’ approach.
2)Who can become a member of WEGo?
Any government or government agency can apply to join WEGo so long as they are already pursuing or plan to pursue the ‘Wellbeing Economy’ approach in policy and regulatory design.
3)How was WEGo established?
The WEGo website was created to help governments and public sector institutions around the world who are using or piloting the ‘Wellbeing Economy’ approach.
