Earth4All reposted this
🌟 A new study published in the Journal of Evolutionary Economics authored by Christophe Feder, Beniamino Callegari and David Collste dives into the system selection process for sustainable development. Sounds cryptic. But is relevant. A summary: 🧐𝐓𝐡𝐞 𝐏𝐫𝐨𝐛𝐥𝐞𝐦 📉 Current economic growth models often lead to unsustainable practices. 🌪️ These practices spark negative reactions from natural and social systems, creating vicious cycles. It is critical to understand that this problem is a macro problem. as the authors say, these processes operate: (i) above the microeconomic and institutional selection processes and through (ii) co-evolution among economic and social/natural domains, and (iii) a long-term cumulative mechanism. 🔬 𝐓𝐡𝐞 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡 💡 The study integrates system dynamics modeling with evolutionary economics to map these complex interactions. 📊 Using the Earth4All model, it simulates global development processes from 1980 to 2100. In the figure 👇 some of the macro selection processes. 🎯 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 ✔️ Without significant change, the world risks: 🌎 Escalating environmental degradation. 🌍 Growing inequality and social unrest. 🌪️ Feedback loops that worsen both issues. ✔️ To achieve sustainable development, we must: 🌱 Embrace a holistic view of economic, social, and environmental systems. 🤝 Foster co-evolution of these systems for long-term resilience. 📈 Adopt innovative strategies that prioritize planetary and societal well-being over short-term gains. https://lnkd.in/eEUkmwY2