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The Other Economic Summit (TOES), was a counter-summit to the annual G7 summits, first held in 1984 in London. It included diverse groups of economists, greens and community activists. TOES eventually became an umbrella term and similar meetings were organised around the world for the next two decades.[1]

TOES summits

The first TOES in 1984 was organised by the New Economics Foundation and the Right Livelihood Awards, and was focussed on alternative development and environmental issues.[2] The New Economics Foundation, a UK-based think tank, had the aim of working for a "new model of wealth creation, based on equality, diversity and economic stability".[3]

The purpose of the summit was to highlight that the economy could be organised in other ways. TOES also challenged the right of the G7 leaders to speak for the world. TOES demanded that the system of global economic governance should be democratised. It was also suggested that the G7 Summits should be replaced by a representative World Economic Council within the UN system.[3]

From 1985 to 1987 TOES was held in the UK, sending a delegation to the G-7 summit city. From 1988 onwards TOES convened every year in the city of the G-7 Summit. In 1988 TOES North America sponsored the TOES in Toronto which was part of a Citizens Summit. In 1989 TOES France held an alternative summit in Paris entitled "L'Autre Sommet Economique". The 1991 TOES was organized by the New Economics Foundation, which organised TOES again in 1998 as part of a "Peoples' Summit" in Birmingham.[4]

Political scientist Andrew Vincent argues that an ecologically based theory of economics underpins TOES, part of an emerging political ideology referred to by Vincent as ecologism.[5]

Founding

James Robertson, a British economist, and Alison Pritchard, a Schumacher Society Council member, helped to set up TOES and the new economics foundation.[6]

References

  1. ^ The Other Economic Summit (1985). "Bonn Economic Summit: A Draft Agenda for Economic Recovery and World Development". Community Development Journal 20: 309-311. http://cdj.oxfordjournals.org/cgi/pdf_extract/20/4/309. Retrieved 9 October 2009.  
  2. ^ Pianta, Mario; Raffaele Marchetti (2007). "The Global Justice Movements: The Transnational Dimension". in D. della Porta. The Global Justice Movement: A Cross-National and Transnational Perspective. Boulder, Co.: Paradigm. pp. 34. http://docenti.luiss.it/rmarchetti/files/2008/05/gjm-tn-dim-proofs.pdf. Retrieved 9 october 2009.  
  3. ^ a b The other economic summit and the New Economics Foundation
  4. ^ TOES USA
  5. ^ Vincent, Andrew (2009). Modern Political Ideologies (3rd ed.). Wiley Blackwell. pp. 220. ISBN 1405154950.  
  6. ^ Schumacher Briefing]
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