Davos 2012: The Great Transformation

The theme of this year's Davos meeting was the 'Great Transformation'. Over the last three years nef has argued a similar line, promoting the need for what we call a Great Transition. 

Our unique strength as an organisation is that we have a very clear analysis of the systemic and international problems advanced economies are currenly facing. We understand how sustainability challenges link with inequality, with increasing instability of economies, and how all of these affect human well-being.

We have a similarly clear view that the goal of a good economy must be to improve human well-being, providing enough good jobs and driving down inequality. We firmly believe that such a goal is achievable.

However, it is only achievable if there is a Great Transition, one which shifts values and incentives, measurement systems and institional structures.

nef has solutions to the major dilemma of our time - if we carry on with economic business as usual, we do severe harm to our planetary support systems; if we slam on the brakes we cause unemployment and inequality. Only a Great Transition can overcome this seemingly impossible dilemma, and nef will continue to make its case for one throughout 2012.