Shaping the Economy of Tomorrow in a Sustainable Way

Enjoying strong growth and exposing high vulnerability toward crises, Asia is the global economic powerhouse and tinderbox at the same time. The Friedrich-Ebert-Stiftung (FES) is determined to establish a dialogue between reform-minded economists from Asia and Europe in order to discuss a new model of economic development, which takes into consideration dynamic growth, social balancing, ecological sustainability and gender equality.

The Economy of Tomorrow (EoT) Project of FES aims at jointly developing answers to the following three crucial questions:

1. How should an economic and development model be designed in order to serve as a “compass” for overcoming the current economic, ecological and social crises

2. How should a convincing new narrative be formulated which provides both vision and orientation for upcoming socio-political debates and struggles about a new development path which can serve as an alternative to the dominant neo-liberal discourse.

3. Which could be a joint platform for reform-minded, progressive forces in order to form a broad-based societal “rainbow coalition”?

In a nutshell, the Economy of Tomorrow Project aims at constructing a new development path and enable the formation of “discoursive coalitions” in order to build momentum and power for its implementation. This can certainly only be done on the national level, i.e. in the participating countries of the EoT Project’s network, namely China, India, Indonesia, South Korea, Thailand and Vietnam.
The regional dialogue between renowned academic thinkers from Asia and Europe is based on the assumption that there cannot be a one-size-fits-all blueprint in order to overcome the manifold crises both Asian and European societies are facing today. Each society has to develop its own tailor-made model in response to the respective challenges it faces. Therefore, the regional EoT dialogue fora serve as exchange platforms, but development of concrete, country-specific new growth and development models takes place on the national level. At the same time, the regional dialogue aims at fostering consensus on sustainable development models from a progressive perspective between Asian and European economic experts.