Whose Prosperity? How Can We Build Inclusive and Sustainable Economies?

A debate on the eve of the Second PAGE Ministerial Conference (http://bit.ly/2jhYyaX). Filmed at the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) in Berlin on March 26th 2017. Globalisation has created wealth across the world, lifting hundreds of millions out of extreme poverty. But has too much of the wealth ended up in the hands of too few? How can our model for globalisation be reconfigured to promote more equal, stable economies which do not overstretch environmental resources? Our current socio-economic system, many argue, is increasing inequalities and accelerating climate change and destruction of the environment. The Sustainable Development Goals — the UN’s roadmap to prosperity for all on a healthy planet — will require considerable financial resources. Many experts are now calling for a change to our entire model of doing business, by measuring national prosperity beyond GDP, sharing wealth equitably, and shifting economies to an inclusive, sustainable model. But how can these goals be met, and what are the risks to an increasingly strained global jobs market and the needs of developing nations? We were joined on stage in Berlin Barbados' Minister of Labour and Social Security, Minister Esther Byer-Suckoo; Executive Director of Oxfam International, Winnie Byanyima; UN Assistant Secretary-General and head of the UN Environment Programme’s New York Office, Elliott Harris; Chairman of the Supervisory Board of Heraeus Holding, Dr Jürgen Heraeus and Professor of Sustainable Development at the University of Surrey, Tim Jackson. The event was hosted by our Senior Producer Robert Collins.

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