Mayor of Seoul, Park Won-soon shared his experience in “WEconomics” as the basis for a more inclusive approach to economic development policies.
WEconomics is an economy “of all, by all, and for all.” It is a new economic principle that stresses the importance of establishing a fair market and upholding both growth and distribution…
WEconomics is about getting rid of the obsolete, outdated economic paradigm. WEconomics is about diversifying the economic players. WEconomics is about restoring the values that have been neglected in the past. No one should be forced to make a sacrifice for another’s growth and success. And the resources and opportunities of the next generation should not be wasted for the sake of the advantage and wealth of the current generation. All values – economy, labor, welfare, environment, human rights, community, and so on – should be upheld in a balanced and harmonious manner.
That was how the Seoul Metropolitan Government and the OECD came to cooperate on the Champion Mayors for Inclusive Growth initiative.