long-term thinking
LONG-term THINK-ing
lɒŋ tɜːrm ˈθɪŋkɪŋListen
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Dictionary meaning
the cognitive and cultural practice of making decisions, setting priorities, and designing systems with serious attention to consequences that will unfold over years, decades, or generations rather than optimising solely for immediate results; long-term thinking is considered a hallmark of wise governance, sustainable business practice, and effective health policy, all of which require investing in outcomes that will not be fully realised within the typical political cycle or financial reporting period; in health economics long-term thinking supports investment in prevention, early childhood development, health system strengthening, and chronic disease management, all of which deliver their full benefits over time horizons that exceed the short-term incentives of politicians and quarterly-reporting corporations
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