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Cynnal Cymru’s Draft Economic Perspective of Wales

Explore the two models of a sustainable economy in Wales - Wave and Cynnal Cymru - and their implications for the region. Discover the importance of planning for the future, considering the global context, and involving the public sector. Join the debate and learn how to promote a low-carbon economy and sustainable management of natural resources.

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Cynnal Cymru’s Draft Economic Perspective of Wales

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  1. Cynnal Cymru’s Draft Economic Perspective of Wales Jim Poole

  2. Call to Action – Summary Env Ec SD in Wales Soc

  3. Call to Action – Culmination WAGView Cynnal CymruView SD in Wales May 2007

  4. Sustainable Development Ec Res Cynnal Cymru View Env Soc

  5. Ec Res Env Soc

  6. Ec Res The World Env Soc

  7. WAG View Wales: A Vibrant Economy

  8. WAVE is weak in that it: Has no defined planning horizon Ignores the global context Relies on “strengths” which have not been evaluated critically Does not link to other policy agendas Underplays the role of the public sector

  9. WAVE Res SD Ec Soc Env The World “Economist World”

  10. WAVE & Climate Change

  11. Two Models of a Sustainable Economy: • WAVE:“Globally Competitive” Region or “Beggar my Neighbour” • Cynnal Cymru:“Exemplar Localised” Region

  12. Competitive Region (1): • Competes with neighbouring regions and other countries for resources • Seeks to externalise social and environmental costs and disbenefits • “Agglomerates” benefits in south east Wales around Cardiff and Newport • Requires investment in new roads, air services

  13. Competitive Region (2): • Requires flexible and mobile labour – with personal and social impacts • Values increases in overall wealth over improvements in welfare • Supports high-growth firms rather than small stable businesses

  14. Two Models of a Sustainable Economy: • WAVE:“Globally Competitive” Region or “Beggar my Neighbour” • Cynnal Cymru:“Exemplar Localised” Region

  15. Exemplar Localised Economy (1): • Does not rely on markets to value irreplaceable resources • Is mainly local and community-led in production, consumption, • Has high level of public involvement in management of resources

  16. Exemplar Localised Economy (2): • Actively plans and regulates for a low-carbon future • Values welfare more than increases in overall wealth • Measures welfare improvements in absolute, not relative terms

  17. Two Models of a Sustainable Economy: • Radically different pictures of a Future Wales • Where’s the debate? • Debate must be raised above short-term party politics • Cynnal Cymru could play a role

  18. “Sustainability Fuel Tank” Globally Competitive Exemplar Localised E F

  19. Within the framework of WAVE, Cynnal Cymru recommends: • Using public sector procurement as a driver • Supporting local enterprises • Supporting sustainable businesses • Promoting the EnvironmentalGoods and Services sector • Promoting a low-carbon economy • Sustainable management of natural resources • An integrated approach to rural development

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