2 During the 2008 financial crisis, new models and tactics including modern monetary theory and quantitative easing were embraced. After the 1980 inflationary rollercoaster, with interest rates spiralling out of control, economics, government, and business adapted. The oil shocks of the 1970s led to a new economic term-“ stagflation” 1 -and government and businesses adapted. Consider some major changes over the past 50 years. They provide a useful way for decision-makers to better understand our world, predict the outcomes of actions, and guide policy, but eventually they fail to keep up with evolving events. How a radical business model is changing the goal for businessĮconomic models work, until they don’t. Part of our Coffee Chats with CPABC podcast series. What is ESG and how does it tie into the Doughnut Economics model? In this podcast episode, Mia Maki, FCPA, FCMA, shares her insight with CPABC’s president and CEO, Lori Mathison, FCPA, FCGA, LLB.
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