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Social Economy and Social Business Supporting Policies for Sustainable Human Development in a Post-COVID-19 World

Author

Listed:
  • Muhammad Yunus

    (Yunus Centre, Dhaka 1216, Bangladesh)

  • Mario Biggeri

    (Department of Economics and Management, University of Florence, 50127 Florence, Italy
    Yunus Social Business Centre, University of Florence, 59100 Prato, Italy
    ARCO (Action Research for CO-Development), 59100 Prato, Italy)

  • Enrico Testi

    (Yunus Social Business Centre, University of Florence, 59100 Prato, Italy
    ARCO (Action Research for CO-Development), 59100 Prato, Italy)

Abstract

This paper explores the role that the social economy, and the social business within it, have in terms of the strategies deployed to tackle Sustainable Development challenges. This paper proposes a New Sustainable Recovery Approach (NSRA) leveraging the strengths of the social economy and social business to guide policymakers to rethink socio-economic actions for a post-COVID-19 world aimed at sustainable human development. The NSRA is based on three, self-reinforcing, components: the promotion of Sustainable Human Development (SHD) for everyone; a transformative approach to Education and Research for individual and collective learning processes; and a strong emphasis on a recovery driven by an “enhanced social and environmental consciousness and behavior”. The paper analyzes the role of the social economy and social business in the implementation of the NSRA. At the end of the paper, policy implications and final remarks are provided to policy makers.

Suggested Citation

  • Muhammad Yunus & Mario Biggeri & Enrico Testi, 2021. "Social Economy and Social Business Supporting Policies for Sustainable Human Development in a Post-COVID-19 World," Sustainability, MDPI, vol. 13(21), pages 1-14, November.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:21:p:12155-:d:671633
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    References listed on IDEAS

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    Cited by:

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    2. Jarosław Wenancjusz Przybytniowski & Stanisław Borkowski & Andrzej Grzebieniak & Petro Garasyim & Paweł Dziekański & Anna Ciesielska, 2022. "Social, Economic, and Financial Aspects of Modelling Sustainable Growth in the Irresponsible World during COVID-19 Pandemic," Sustainability, MDPI, vol. 14(19), pages 1-16, September.
    3. Isaac Lyne, 2023. "Does Thinking and Working Politically improve support for social business? Evidence from a water business in Cambodia," Development Policy Review, Overseas Development Institute, vol. 41(6), November.
    4. Mario Biggeri & Domenico Colucci & Nicola Doni & Vincenzo Valori, 2022. "Sustainable Entrepreneurship: Good Deeds, Business, Social and Environmental Responsibility in a Market Experiment," Sustainability, MDPI, vol. 14(6), pages 1-20, March.
    5. Sabrina Tabares & Andrés Morales & Sara Calvo & Valentín Molina Moreno, 2021. "Unpacking B Corps’ Impact on Sustainable Development: An Analysis from Structuration Theory," Sustainability, MDPI, vol. 13(23), pages 1-21, December.

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