Humanitarian aid is increasingly guided by strategic interests rather than humanitarian needs. Europe’s humanitarian commitments are under strain as geopolitics reshapes international solidarity. Rising nationalism, debt pressures and great-power rivalry have pushed European governments to prioritise strategic interests over humanitarian needs. European politicians are increasingly justifying aid disbursements to their public through the lens of national security and strategic influence.
• Authoritarian regimes weaponise these geopolitical trends to stoke distrust in the international community. They often label humanitarian actors as foreign agents, while state propaganda delegitimises international assistance as self-motivated and hypocritical, reframes aid as interference to justify crackdowns on the humanitarian space.
• That is why the way European donors talk about humanitarian aid matters as much as how they provide it. My experimental research in Turkey shows that transparent communication about the realpolitik behind humanitarian aid may help counter authoritarian propaganda in highly polarised middle-income countries with widespread anti-Western attitudes. My findings indicate that when donors openly acknowledge strategic motivations, propaganda messaging
may lose its effectiveness among conservative, nationalist and Eurosceptic constituencies in recipient countries, whose attitudes are often hard to shift. Transparent communication may reduce conspiracism among this group, increase their trust in Europe and their support for international trade, while their support for the incumbent government may decline. Winning over these constituencies would be critical to democracy protection initiatives, as they often lend normative and systemic support to autocrats.
• However, donors must strike a careful balance and adopt a dual approach. While strategic messaging can persuade Eurosceptics, it may also alienate pro-EU, cosmopolitan citizens who value unconditional solidarity. They may grow disillusioned with European donors if humanitarian aid appears too self-interested or transactional. Donors should communicate strategic interests with transparency but still remain anchored in humanitarian values.
• Further research is needed to fully explore the implications of geopolitical shifts in aid, especially in middle-income autocracies with widespread anti-Western attitudes. In particular, more research is required to fully calibrate transparent messaging and mitigate negative unintended consequences.
This book studies global economic governance using an innovative structure to juxtapose normative arguments with empirical analysis. Chapters investigate the most important areas of global economic governance, including trade, investment, finance, labour and taxation. Bringing together leading scholars in political philosophy, international relations, economics and international law, the book sheds new light on the justice of political decision-making, the distribution of benefits and burdens of the global economy, and intergenerational justice in global economic governance.
Due to the level of global economic interdependence our world has reached, the question of how the global economy should be governed is of utmost importance. The rules of global economic governance have to balance the often-conflicting interests and claims of the diverse actors who participate in or are affected by the global economy. Economic governance structures are never morally neutral; they have particular collective decision-making proce- dures and they strongly influence how the benefits of economic cooperation are distributed. This chapter aims to introduce the reader to the concept of justice and provide an overview of some of the key distinctions in the contemporary normative philosophy of social and global justice, with special attention to the issues relevant to global economic governance.
Foreign Direct investment (FDI) is considered a key promoter of economic development, since it provides access to external financing, technology, managerial expertise and jobs. However, FDI is limited to a small number of locations and many low and middle-income countries (LMICs) continue to be excluded from global foreign investment flows. The reasons for this exclusion are manifold and may vary from country to country. A particular policy instrument LMICs have traditionally resorted to in order to attract FDI are international investment agreements (IIAs).¹ LMICs have signed thousands of these agreements since the late 1950s.[...] The following section reviews the global investment regime from the perspective of socioeconomic justice and analyses the distributional effects of IIAs. Then, the chapter assesses the global investment regime from an intergenerational perspective and asks to what extent IIAs contribute to (or restrict) the pursuit of sustainabale develoment. The final section concludes and provides on overview of current reform proposals.
Climate change is deeply unjust. Not only are the physical impacts of climate change felt the most by poorer countries and those at the base of the economic pyramid within countries, but poorer countries and poorer segments within societies have also contributed the least to global warming and are least capable of investing in resilience and adaptation. Moreover, climate change is diminishing the development prospects of future generations, which have not contributed to the problem at all. The financial sector sits at the heart of the problem. It has financed ecoomic activities that have contributed to climate change, and it continues to do so. [...]. The next section discusses the shortcomings of the current global financial system and outline attempts at introducing sustainability elements into global financial governance. The following section assesses sustainable finance from the perspective of political, socioeconomic and intergenerational justice. The final section offers policy recommendations for developing a global governance framework for sustainable finance.
The international tax system forms a regime in global economic governance that governs the allocation of taxing rights for cross-border transactions between countries. The regime is based on domestic tax laws, bilateral or regional tax treaties, non-binding guidelines, and multilateral agreements. There is no global institution such as an international tax organisation, although discussions on a new UN tax convention are currently underway (Laudage Teles & von Haldenwang, 2023). The key challenges for global justice are harmful tax competition between countries, as well as tax avoidance and tax evasion by multinational corporations and wealthy individuals. Such practices are facilitated by the widespread use of tax expenditures, referring to preferential tax treatments that favour specific sectors, activities or groups of taxpayers. At an international scale, the use of tax expenditures strips countries of desperately needed public revenues and deepens inequalities between tax havens and countries with high-income tax rates.[...]. Th eGlobal Tax Expenditures Database (GTED) is the first to shed light on the scale of tax expenditures and tax expenditure reporting worldwide. We use GTED data in this chapter to present a descriptive analysis of tax exependitures worldwide.
The debt situation in developing countries (low- and middle-income countries) has come under immense stress. The International Monetary Fund (IMF) and World Bank have estimated that the proportion of low-income countries (LICs) that are at high risk of debt distress or are already in debt distress has increased from 30 per cent in 2015 to more than 50 per cent in 2024 (IMF, 2024). About 25 per cent of middle-income countries (MICs) are also at risk. There are many reasons for this, including the Covid-19 pandemic and the climate crisis. However, some countries have taken on excessive debt in the good times, in some cases on unfavourable terms. The rise in interest rates over the last two years has further increased the debt burden and made refinancing more difficult. Despite this mounting debt crisis, recent debt restructurings have been slow to materialise and has so far been limlited to very few countries.
Digital technologies are used in arguably all sectors of the economy and the private sphere. They connect people all over the world, alter production structures and facilitate new business models. As the digitalisation of the economy has the potential to profoundly change global economic interactions, it is likely to also change distributional outcomes. This chapter analyses possible distributional consequences of the globalised digital economy along different dimensions, including intra- and intergenerational socioeconomic distributions and the distribution of political control. We discuss the resulting national and international policy options to address potentially undesired distributional consequences. Specifically, we offer empirical predictions that can be evaluated against normative theories of justice, therby contributing to the analysisof justice in global economic governance. Our conjectures build on the application of basic economic theory to what we consider characteristic, specific features of the digital economy.
The disruptions to the earth’s system have reached an unprecedented scale, posing enormous challenges around the globe. The world has entered the Anthropocene, a new geological age in which human activity is recognised as the dominant force driving the negative changes in climate and environment, and the very earth system upon which our existence depends. In such an era of planet-wide transformation, some scholars have argued for a new model for planet-wide environmental politics: earth system governance (Biermann, 2007). Earth system governance is broader than traditional environmental policy and emphasises the complexities of integrated socio-ecological systems (for a focus on natual resources see Armstrong, Chapter 21 in this volume). Key concerns of earth system governance are broad and often include interdependent challenges such as land use change, food system disruptions, climate change, environment-induced migration, species extinction and air pollution.[...]. This chapter expands with three main goals: first, we discuss how the global economic system affects the allocation of environmental benefits and burdens among people and countries around the world. Second, we analyse varying approaches to earth system governance and their distinctive proposals for an effective and just earth system governance. We conclude by laying out our policy proposals for earch system governance in this field, focusin on redistribution in a pro-poor manner.
By now, inequality has assumed centre stage in many international debates. For example, whilst the headline focus of the MDGs until 2015 was on halving extreme poverty, the 2030 Agenda for Sustainable Development added an SDG on inequality reduction. This shift in policy focus has implications for global governance. This chapter discusses key measures and trends of global inequality, investigates the importance of inequality for other important aspects of the global economy, and sketches some of the implications for global governance. For space limitations, we focus on global income inequality. [...].This chapter discusses inequality measures and trends in income inequality and wealth. It also distinguishes national and global inequalilty. The chapter covers income and wealth and their respective trends before sketching out key implications for global governance.
The USAID cuts put strain on Africa’s underfunded civil society organizations and fuel debates about their legitimacy. While CSOs need to diversify their funding sources, European donors should invest in narratives that support an independent civil society and shift their funding to advocacy.
How does international assistance impact public attitudes towards donors in the recipient country when tied to strategic interests? European leaders increasingly highlight the strategic and transactional nature of international assistance. Yet, we still do not know much about how such shifts in the framing of international assistance are perceived by the recipient public, especially in contexts with prevalent anti-Western attitudes and propaganda that dismisses aid as hypocritical and disingenuous. I conducted an online survey experiment in Turkey to assess the attitudinal and quasi-behavioural effects of different types of international assistance post-disaster – conditional, unconditional, and strategic – and whether they help sway public attitudes in the face of authoritarian propaganda. Strategically distributed humanitarian aid decreased trust in the government as a defender of national interest among conservative, nationalist and Eurosceptic regime supporters, and also increased trust in European organisations. It did so partly by mitigating conspiracism and evoking positive emotions among pro-government voters whose views are hard to change. However, this comes at a cost: increased trade scepticism and decreased engagement with foreign media outlets among regime opponents. The findings have significant implications for international assistance strategies for increasing European soft power.
Governance theories offer a useful approach to policy by highlighting the need for multi-actor, multi-sectoral, and multi-level cooperation to deal with complex problems. Digitalisation, on the other hand, can be a means for managing networks, for helping to maintain the dynamics of meta-governance, and for generating problem-solving strategies based on knowledge exchange. Both seem to imply each other: governance requires tools to foster collaboration through the development of common understandings of problems, for which digitalisation can be instrumental. Effective digitalisation should foster governmental, social, and private steering towards public service, transparency, and the improvement of accountability. Digitalisation appears to require some basic conditions of governance related to fair access to services; beliefs and narratives that promote cooperation; processes of co-creation; and the interchange of information, as well as operative regulatory institutions. Governance and digitalisation together are fundamental for the management of complex policy problems.
The aim of this Discussion Paper is theory advancement and refinement, linking assumptions about governance theories – particularly those resulting from the three waves of governance – to those of mainstream digitalisation literature. It formulates a research agenda to explore the possible mutual repercussions of those literature developments. The Discussion Paper is neither mainly descriptive nor prescriptive, but develops certain implications that stem from some fundamental problems of governance – defined as a process of multi-actor, multi-sector, multi-level cooperation – and digitalisation. The research agenda is presented in the form of conjectures relevant to the Mexican case, related to the roles, functions, and expected results of different actors dealing with governance problems within the context of increased digitalisation. The conjectures advance possible research areas related to the role of digitalisation in meta-governance carried out by governmental actors; in those of network cooperation maintained by academic institutions; in the improvement of problem-solving by non-governmental organisations; and in the possible co-creation of new knowledge through information-based interactions by the media.
Francisco Porras is a professor and full-time research fellow at the Mora Research Institute (Instituto Mora), Mexico City.
Development is a complex phenomenon that involves economic, social, and environmental transformations. In recent decades, sustainable development (SD) has gained prominence as a policy objective, emphasizing balanced progress in economic growth, social inclusion, and environmental protection. However, measuring SD progress remains challenging, given the need to consider such multiple dimensions, which often show trade-offs; this is especially true in developing countries such as Peru, where rapid socioeconomic changes coexist with environmental degradation. Traditional metrics, such as GDP or composite indicators such as the Human Development Index, often fail to capture the multidimensional and dynamic nature of SD, especially in terms of the environmental side. This paper employs a multivariate latent Markov model (LMM) to assess Peru's progress toward SD from 2004 to 2017, incorporating economic, social, and environmental indicators. LMMs are advantageous, as they account for unobserved heterogeneity and state transitions between sustainability levels over time, offering a nuanced understanding of SD dynamics. Our findings reveal that while Peru experienced economic and social improvements during the study period, the inclusion of environmental factors in the SD measure curbs overall progress, highlighting potential trade-offs between poverty reduction and environmental quality. The results underscore the importance of integrating environmental considerations into SD strategies, particularly in the context of rapid economic growth. This study contributes methodologically by applying a dynamic and data-driven approach to measuring SD and provides valuable information on the interaction among its dimensions.
Bonn, 1. September 2025. Deutschland und die Europäische Union verfolgen ehrgeizige Strategien zur Dekarbonisierung ihrer Gesellschaften, mit Wasserstoff als Energieträger und Rohstoff für industrielle Prozesse. Im Einklang mit den Klimazielen muss der verwendete Wasserstoff in kohlenstoffarmen Verfahren hergestellt werden. Idealerweise ist dies grüner Wasserstoff, der durch Elektrolyse unter ausschließlicher Verwendung erneuerbarer Energien gewonnen wird. In dem lange vorherrschenden optimistischen Diskurs wäre die globale Versorgung mit Energieträgern künftig nicht mehr an die vorhandenen Öl-, Gas- oder Kohlevorkommen gebunden. Vielmehr könnte Wasserstoff überall dort hergestellt werden, wo ein gutes Potenzial für Wind-, Solar- oder Geothermie besteht. Dies würde neue Möglichkeiten für Länder mit niedrigem und mittlerem Einkommen eröffnen. Die in den Strategien festgelegten Ziele sind sehr ehrgeizig. In der Wasserstoffstrategie von 2023 rechnet Deutschland für 2030 mit einer Elektrolyseurkapazität von 10 GW. Da dies nicht ausreichen würde, um die erforderlichen Mengen an H2 zu produzieren, könnten Importe 50 % bis 70 % des gesamten Wasserstoffbedarfs decken.
Fünf Jahre nach Veröffentlichung der Wasserstoffstrategien ist die Euphorie der Enttäuschung gewichen. In Deutschland waren bis zum ersten Quartal 2025 nur 170 MW Elektrolysekapazität installiert worden, und das Ziel von 10 GW bis 2030 gilt als nicht mehr erreichbar. Aus internationaler Sicht ist die Lage nicht besser. Laut der Internationalen Energieagentur haben derzeit nur etwa 7 % aller weltweiten Wasserstoffprojekte eine endgültige Investitionsentscheidung durchlaufen und werden daher wahrscheinlich umgesetzt.
In den letzten Monaten gab es zahlreiche Berichte über gestrichene H2-Projekte. Dies betrifft alle Elemente der Lieferkette: Im Juli 2025 stoppte das spanische Energieunternehmen REPSOL ein 200-MW-Projekt in einer Raffinerie in Puertollano, eines der größten geplanten H2-Projekte in Europa. Monate zuvor hatten Equinor (Norwegen) und RWE (Deutschland) ihre gemeinsamen Pläne für eine Wasserstoffpipeline durch die Nordsee annulliert. Diese Pipeline hätte eine zuverlässige Versorgung von Industriekunden in Deutschland und Europa mit Wasserstoff ermöglicht. Kürzlich lehnte der zweitgrößte Stahlproduzent der Welt, ArcelorMittal, ein Angebot der deutschen Regierung ab, mehr als eine Milliarde Euro an Subventionen für die Dekarbonisierung von zwei Stahlwerken zu beziehen. Das Unternehmen sieht die langfristige Versorgung mit Wasserstoff als unsicher an und befürchtet, dass grüne Technologien ihm einen Wettbewerbsnachteil gegenüber internationalen Konkurrenten verschaffen könnten.
Es gibt viele Gründe für die strukturelle Krise beim Ausbau der Wasserstoffwirtschaft. Besorgniserregend ist, dass die beteiligten Unternehmen nicht nur weiche Faktoren (wie unklare Vorschriften) anführen, die bei entsprechenden politischen Willen schnell überwunden werden könnten. Vielmehr argumentieren sie mit den wirtschaftlichen Grundlagen der H2-Wertschöpfungsketten: Wasserstoff ist nach wie vor deutlich teurer als fossile Brennstoffe wie Erdgas. Potenzielle Kunden sind nicht bereit oder in der Lage, für Wasserstoff deutlich höhere Preise zu zahlen als für weniger klimafreundliche Alternativen. Darüber hinaus sind mehrere Elemente der Wasserstoffversorgungsketten technologisch noch nicht ausgereift, wie beispielsweise das Cracken von Ammoniak, um den Transport von H2 in Form eines besser geeigneten Derivats zu ermöglichen.
Trotz all dieser Schwierigkeiten gehen wir davon aus, dass H2 eine Zukunft hat und sich ein Wasserstoffmarkt entwickeln wird, sobald die Umsetzungslücke überwunden werden kann. Die meisten Länder fühlen sich an ihre Klimaschutzverpflichtungen gebunden, und einige Sektoren können ohne Wasserstoff als Energieträger oder Rohstoff kaum dekarbonisiert werden. Darüber hinaus wird die angewandte technische Forschung fortgesetzt, mit dem Potenzial, den Wasserstoffausbau wieder auf die Tagesordnung zu setzen.
Wie sollten Länder mit niedrigem und mittlerem Einkommen und die internationale Zusammenarbeit auf den aktuellen „Wasserstoff-Limbo“ reagieren? Eine abwartende Haltung würde unnötig Zeit kosten. Sinnvoll ist, die Umsetzung von H2-Projekten fortzusetzen und sich dabei auf H2-basierte Lösungen für Herausforderungen der nachhaltigen Entwicklung zu konzentrieren. Zwei Beispiele: 1) Wasserstoff kann zur Dekarbonisierung der Düngemittelindustrie beitragen. Eine dezentrale Düngemittelproduktion auf Basis von emissionsarmem Wasserstoff kann die Ernährungssicherheit in Afrika unterstützen, Treibhausgasemissionen reduzieren und zur Weiterentwicklung der Wasserstofftechnologien beitragen. 2) Als Alternative zur Elektrolyse kann Wasserstoff aus Abwasser gewonnen werden, z. B. durch Fermentation. Dadurch können Umweltbelastungen (z. B. die Eutrophierung von Gewässern) und Gesundheitsrisiken im Zusammenhang mit städtischen Abwässern verringert werden.
Werden verschiedene Entwicklungsziele gleichzeitig verfolgt, verlieren die Kostenunterschiede zwischen Wasserstoff und konventionellen Technologien an Bedeutung. Die skizzierten alternativen Technologien sollten in Forschungspartnerschaften mit dem Globalen Süden entwickelt werden; als wichtiger Bestandteil einer multilateralen Wasserstoffstrategie zur Bewältigung globaler Herausforderungen.
Die Unterstützung des Wiederaufbaus in der Ukraine hat sich seit dem Frühjahr 2022 als wichtiges Element der deutschen Ukraine-Politik herausgebildet. Aufseiten der Bundesregierung hat die Unterstützung des Wiederaufbaus – auch als wesentlicher Teil der zivilen Kriegsunterstützung für das Land – eine hohe Priorität, insbesondere für das in vielen Aspekten federführend tätige BMZ. Gleichzeitig geht das deutsche Engagement für den Wiederaufbau in der Ukraine weit über die Unterstützung durch die Bundesregierung hinaus. Von zivilgesellschaftlichen Organisationen hin zu Städten und Gemeinden gibt es eine große Solidarität mit der ukrainischen Gesellschaft und ihrem unbändigen Willen, das Land gegen die russische Aggression zu verteidigen und schnellstmöglich wieder aufzubauen. Vom weiteren Verlauf des Krieges wird abhängen, wie sich der Wiederaufbau und damit auch seine Unterstützung von Partnern wie Deutschland zukünftig gestalten wird. Unabhängig von den nächsten Kriegsmonaten ist jedoch bereits jetzt klar, dass der Wiederaufbau der Ukraine langfristige internationale Unterstützung über mehrere Jahre erfordern wird. Der Beitrag zeichnet die bisherigen Debatten und Weichenstellungen zum Wiederaufbau der Ukraine systematisch nach und untersucht, wie Deutschland und die Europäische Union den Wiederaufbau bisher unterstützt haben. In einer Bewertung dieses Engagements wird auch ein Blick auf die Herausforderungen und möglichen Grenzen des deutschen und internationalen Engagements geworfen.
Why do business allies (not) defect from authoritarian regimes? An emerging scholarship shows that connected businesses face high political risk, and the autocrat can financially pressure business allies during economic crises. And yet, despite their disruptive power, the business elite rarely switch to opposition. I argue that this unexpected loyalty does not always stem from credible power-sharing. The more material quid pro quo the business elite engage in with the dictator, the less they can credibly threaten the dictator with defection. I present a bargaining game between the dictatorship and its business allies and test it using a country-year-level dataset of 76 countries for 1992–2019. The results indicate that higher degrees of patrimonial co-optation lower the risk of business opposition. This effect is partly mediated through the government’s control over the media landscape. These findings suggest that even informal, non-institutional tools of co-optation can effectively deter defection.
Russia considers multilateralism to be an instrument for promoting and managing multipolarity. It regards the UN as an important component of the international system and would like to see it reflect a multipolar world order, which in Russia’s rhetoric is marked by the dominance of principles of sovereignty and non-interference. This shapes Russia’s approach to the UN development pillar, where it seeks to advance its geopolitical interests, including countering Western influence.
Financially, Russia remains a marginal player in the UN development pillar. Between 2018 and 2022, it was the smallest contributor to UN development activities among the five permanent members of the UN Security Council (P5) and ranked 23rd among all UN member states. In terms of international professional staff, the share of Russian nationals in the UN system has remained below 1 per cent over the past five years, with the majority concentrated in the UN Secretariat. However, its diplomatic missions – particularly in New York and Geneva – are relatively well-staffed and are recognised for their diplomatic skills and expertise.
Lacking prominent material weight, Russia leverages diplomatic and rhetorical tools to project its power. It portrays itself as an “anti-colonial leader” and champion of the Global South. Russia positions itself as an advocate of an alternative approach to development cooperation, affirming in its rhetoric that developing countries have the right to independently choose their model of socio-economic development without external influence or pressure. In line with this, it rejects the imposition of what it argues are Western liberal values on developing states – which it equates with conditionality in development assistance and infringement on sovereignty – and presents itself as a defender of what in Russian discourse are referred to as “traditional values”, which are usually in opposition to individualism and progressivism.
Although Russia’s arguments resonate among Global South states – because they tap into legitimate grievances – there are cases in which its rhetoric appears instrumental and does not match its practices.
While Russia’s material capacity to project its power and position itself as an alternative development partner is limited, its diplomatic efforts, rhetoric and ability to capitalise on the grievances of the Global South as well as Western double standards amid global power shifts position it as a noticeable actor in UN development work, suggesting it should not be prematurely disregarded based on its modest role as a donor.
Main takeaways:
• Strategic use of UN development pillar: Russia engages in UN development work as a platform to advance its broader geopolitical objectives and its view of the international system, including positioning itself rhetorically as a counterweight to Western influence. While already politicised to some extent, this further reinforces the role of UN development work as a stage for power politics.
• Diplomatic leverage: Although Russia’s material weight in UN development pillar is modest, it uses diplomatic channels and discursive engagement in decision-making processes across UN entities and fora to pursue its interests.
• Anti-colonial narratives and normative contestation: Russia rhetorically appeals to the grievances of the Global South and challenges Western-driven norms and approaches to development. It promotes the vision of a multipolar world order with Moscow as one of the poles of power.
1. Nature-based Solutions (NbS) have been gaining prominence across the Rio Conventions primarily as a means of addressing climate change with co-benefits for nature and humans. However, they have also faced significant criticism for enabling greenwashing, encouraging market-driven approaches and not addressing the root causes of environmental degradation. Some critics argue that NbS divert attention from urgent transformative actions such as decarbonisation and systemic economic reforms.
2. We present the case for a broader framework, centred around the concept of Integrated Nature-Climate Action (INCA), which extends beyond NbS to drive the structural changes essential for tackling climate change, biodiversity loss and desertification, while delivering positive outcomes such as supporting livelihoods, addressing inequities and upholding the rights of Indigenous Peoples and Local Communities. We provide examples of INCAs with significant, tractable benefits for people and nature, including the removal of environmentally harmful subsidies, land rights recognition and circular economic transitions.
3. We argue that the wide range of actors mobilised by INCAs would increase the finance available to fill the deficit for climate and biodiversity action. While tracking the impact of these actions could be challenging, existing United Nations (UN) initiatives could provide models for ensuring the integrity of INCA. A clear definition and set of standards must also be agreed upon to avoid the pitfalls that plague NbS. Careful oversight from stakeholders and rightsholders is vital to ensure legitimacy and that the uptake of INCA does not favour one outcome over others.
4. Policy implications: Moving beyond NbS to pursue an inclusive INCA concept can help address the systemic drivers of the global polycrisis. With synergies between the Rio Conventions expected to be a key focus of the upcoming Conference of the Parties for the UN Framework Convention on Climate Change (COP30), there is a clear policy window to broaden the scope of interventions relevant to all three conventions and engage a more diverse array of actors to support enhanced coordination. This is essential for transitioning towards a regenerative economic system that works for people and the planet.