Monthly Archives: April 2012

WELLBEING & HAPPINESS: DEFINING A NEW ECONOMIC PARADIGM

 

On 19 July last year, 68 countries joined the Kingdom of Bhutan in co-sponsoring a resolution titled “Happiness: Towards a holistic approach to development,” which was adopted by consensus by the 193-member UN General Assembly.

In follow up to the resolution, the Royal Government of Bhutan is convening a High Level Meeting on “Happiness and Well Being: Defining a New Economic Paradigm” on 2nd April 2012 at the United Nations headquarters in New York.

This meeting will initiate next steps towards realizing the vision of a new well being and sustainability based economic paradigm that effectively integrates economic, social, and environmental objectives.

Intended outcomes of this meeting include:

  • A statement on the new economy for voluntary signature by all the participants
  • Building a global movement and action networks to promote implementation of the new economy
  • Voluntary specific policy recommendations for consideration by governments in the short, medium, and long term
  • Establishment of an independent expert Task Force to elaborate the details of the new economic paradigm
  • A strategy to present the new economic paradigm at the special event to be hosted by the Royal Government of Bhutan during the Rio+20 summit in June this year
  • A strategy for effective communication of the new economy to reach the widest possible audience.

This landmark gathering on 2nd April will be attended by a select but representative group of top government representatives, by all United Nations missions, and by leading economists, scholars and spiritual and civil society leaders, representing both developed and developing nations.

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