Trust keeps the economic wheel going, but must be nurtured

A well-functioning society requires well-functioning institutions that ensure prosperity, fair distribution of wealth, social participation, security, and informative media. Such institutions are built on a foundation of trust. A study in PNAS warns that weakly governed market economies risk a “meltdown of trust” that can destabilise societies, undermine prosperity, and make solving global challenges nearly impossible. The paper, by Beijer Fellows Stephen Polasky (University of…

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