The New Economic Paradigm

The New Economic Paradigm refers to a shift in how we understand and approach economic systems, especially in light of globalization, technology, and environmental concerns. It emphasizes sustainable development, social equity, and the importance of human well-being over mere financial growth. This perspective advocates for integrating economic, social, and ecological factors, recognizing that long-term prosperity requires balancing profit-making with responsible resource management and inclusive practices. Ultimately, it seeks to create economies that are resilient, equitable, and attuned to the needs of people and the planet.