This policy essay introduces the Stability–Constraints Matrix, a framework for understanding the strategic options facing advanced economies as growth becomes more constrained and volatile.
One thing is increasingly clear: advanced economies are no longer operating in conditions where growth can be relied upon or easily restored. Strategy is becoming a question of trade-offs, sequencing and institutional capability.
There is important work being done by those developing cohesive, directional strategies, whether that’s green growth, industrial policy or post-growth frameworks. But we need better conversations between these perspectives.
Drawing on both orthodox and heterodox perspectives, this essay explores different economic strategies, from growth-led recovery models to post-growth transitions. It identifies where they may align, conflict or evolve into hybrid forms.
If you’re working in policy leadership and grappling with questions around growth, stability and long-term system performance, this may provide a useful lens.
Image by Alain Rouiller on Unsplash
Heliocene 