Socio-economic models are built upon various
values and principles, and their relation to
sustainability can vary depending on the specifc
model. However, some common values and
principles that underpin socio-economic models
and their relation to sustainability are:
Equity and Social Justice: Socio-economic models
prioritize
the
distribution
of
resources
and
opportunities fairly among individuals and groups.
The principle of equity and social justice seeks to
address the unequal distribution of wealth, power,
and resources within society and to promote
sustainable development that benefts all people,
including future generations.
Environmental
Stewardship:
Socio-economic
models recognize the importance of preserving
natural resources and protecting the environment
for
future
generations.
The
principle
of
environmental stewardship emphasizes responsible
management and use of resources in a way that
supports ecological balance and the health of the
planet.
Participatory Democracy: Socio-economic models
emphasize the active participation of individuals and
communities in decision-making processes that
afect their lives.
DIFFERENT SOCIO- ECONOMIC MODELS
VALUE SUSTAINABILITY DIFFERENTLY
REGENERATIVE CAPITALISM HOW UNIVERSAL PRINCIPLES AND PATTERNS WILL SHAPE
OUR NEW ECONOMY | WHAT COMES NEXT?
The way we currently run our economies in developed countries is not sustainable, which means it cannot
continue without causing serious problems. These problems are so bad that we have to ask ourselves if it's
ethical to keep going like this. Some people are even starting to question the whole economic system we use,
called Capitalism.
The principle of participatory democracy promotes
the
involvement
of
all
stakeholders
in
the
development and implementation of sustainable
policies and practices.
Economic Efciency: Socio-economic models aim to
maximize economic efciency by using resources in a
way that minimizes waste and reduces costs. The
principle of economic efciency seeks to ensure that
resources are used in a way that provides the greatest
beneft to society while minimizing negative
environmental impacts.
Innovation
and Technological
Development:
Socio-economic
models
value
innovation
and
technological development as a means of achieving
sustainable development. The principle of innovation
and technological development emphasizes the
development of new technologies and processes that
promote
sustainable
practices
and
reduce
environmental impacts.
Overall, these values and principles are important for
achieving sustainable development that balances
economic, social, and environmental concerns.
Socio-economic
models
that
prioritize
these
principles
can
help
to
promote
sustainable
development that benefts both current and future
generations.