Articles

After the Pandemic: Experimental Governance and the Foundational Economy


Abstract


The purpose of this article is to outline the convergence – an intellectual as well as a political convergence – of two concepts that will play a critically important role in fashioning a more inclusive and more sustainable model of development in the post-Covid world. The first concerns the concept of the Foundational Economy, which offers a new lens through which to view and value social and economic activity by highlighting the significance of a range of goods and services that loom large in terms of meeting human needs. The second concerns the concept of Experimental Governance, which offers a multilevel framework in which to understand place-based social innovation, a framework which overcomes the shortcomings of principal-agent models of collective action as well as the binaries associated with top-down versus bottom-up theories of change.


Keywords


Foundational Economy; Territorial Governance; Sustainable Development; Wales; Global Markets

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DOI: http://dx.doi.org/10.4468/2021.1.05morgan

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