Back

AD 2021: Economic Recovery and the Great Reset

November 15, 2021
Related topics: 
Economy

The Covid-19 pandemic has plunged the world into a health, social and economic crisis of exceptional magnitude. In economic terms, the restrictions established to contain the spread of the virus have resulted in a sudden stop to entire sectors of activity and major disruptions to supply chains. Consequently, the global economy experienced its worst recession since World War II in 2020, with a 3.3% contraction in real GDP, a sharp decline in trade and direct investment flows, in addition to massive job losses. As a result, the downward trend in poverty that began in the 1980s has been reversed and more than 100 million additional people have fallen back into extreme poverty. In this context, a number of questions seem relevant: What are the levers to act on for a quick and strong recovery for the world economy? What place for human development in the post-Covid development strategies? How to conciliate between ambitious development objectives and budget sustainability? Moderator: Otaviano Canuto, Senior Fellow, Policy Center for the New South Speakers: - Maria Eugenia Brizuela de Avila, Former Minister of Foreign Affairs, El Salvador - Harinder Kohli, President and CEO, Centennial Group, USA - Frannie Leautier, Chairperson, Co-Founding Partner, Mkoba Private Equity Fund, Tanzania

Speakers
Otaviano Canuto
Senior Fellow
Senior Fellow at the Policy Center for the New South, principal at Center for Macroeconomics and Development and non-resident fellow at Brookings Institute. Former Vice President and Executive Director at the World Bank, Executive Director at the International Monetary Fund (IMF) and Vice President at the Inter-American Development Bank. He was also Deputy Minister for international affairs at Brazil’s Ministry of Finance, as well as professor of economics at University of São Paulo (USP) and University of Campinas (UNICAMP). ...
Harinder Kohli
Founding Director and Chief Executive, Emerging Markets Forum (EMF)
...

RELATED CONTENT

  • AD 2021: Développement Post-Covid : Nouveaux modèles et horizons
    December 1, 2021
    La pandémie a déclenché une crise de développement sans précédent, qui a remis en cause la résilience de nos systèmes économiques, politiques et sociaux. Mais, dans l’effort de confronter ses implications multiples, il y a aussi une opportunité de s’élargir vers de nouveaux horizons en ...
  • Download PDF
    The Sudan at a Crossroads: Multi-layered Fragility
    Authors
    Nihal El Mquirmi
    November 30, 2021
    Almost three years since the ousting of former president Omar al-Bashir, and the formation of a transitional government composed of civilians and members of the military, the situation in Sudan is far from stable. Indeed, although progress has been achieved since December 2018, the democratic transition remains very fragile, with the political and economic sectors still facing significant uncertainty. This paper explains the fragility of the Sudanese transition, plagued by decades o ...
  • La Chine & l'espace arabo-africain
    Authors
    Fathallah Oualalou
    November 30, 2021
    Pourquoi ce thème ? Pourquoi, alors que nous traversons une pandémie sans précédent, l'auteur a-t-il décidé de comprendre les liens entre la Chine, l'espace arabo-africain et les nouvelles routes de la soie ? À cause du Covid-19, le monde se trouve à un tournant historique et stratégique du processus de mondialisation. Selon ses observations (comme homme politique), cette pandémie est bien plus qu'une crise sanitaire, c'est une crise globale qui a des impacts sociaux, économiques, ...
  • Download PDF
    The Metamorphosis of Finance and Capital Flows to Emerging Market Economies
    Authors
    Otaviano Canuto
    November 25, 2021
    The decade after the Great Financial Crisis of 2007–09 brought significant changes in the volume and composition of capital flows in the global economy. Portfolio investments and other non-bank financial intermediaries are responsible for an increasing share of foreign capital flows, while banking flows have shrunk in relative terms. This paper considers the implications of such a metamorphosis of finance for capital flows to emerging market economies (EMEs). After examining capital ...
  • AD 2021: The China-US Trade War: When Will it End?
    November 17, 2021
    The escalating US-China trade tensions has resulted in the rise of two separate spheres of influence in both trade and technology and contributed to reshaping the global trade landscape. In order to de-escalate the conflict, the two hegemonies signed the Phase One trade deal in January ...
  • Report Launch: World Bank MENA Economic Update, October 2021
    November 16, 2021
    This edition of the World Bank MENA Economic Update estimates that the Middle East and North Africa (MENA) region’s economies, which contracted by 3.8% in 2020, will grow by 2.8% in 2021. Overall, the output cost of COVID-19 so far in MENA is almost $200 billion, a number estimated by c...
  • AD 2021: Economic Recovery and the Great Reset
    November 15, 2021
    The Covid-19 pandemic has plunged the world into a health, social and economic crisis of exceptional magnitude. In economic terms, the restrictions established to contain the spread of the virus have resulted in a sudden stop to entire sectors of activity and major disruptions to supply...
  • Download PDF
    Beyond the Arab Risings What Kind of Future?
    Authors
    Alessandro Minuto-Rizzo
    Alessandro Politi
    Claire Spencer
    Abdulaziz Sager
    Karim El Aynaoui
    Oumayma Bourhriba
    Mahboub E. Hashem
    Matt Herbert
    Umberto Profazio
    Eman Ragab
    Brahim Oumansour
    Ashraf Mohamed Keshk
    Jean-Loup Samaan
    Ahmad Masa’deh
    Giovanni Romani
    November 11, 2021
    Since its very beginning in 2011, the Middle East and Deep Maghreb have been a fundamental priority for the Foundation. As this year marks the 10th anniversary of the Arab uprisings, our Dossier wants to provide a meaningful understanding of the future dynamics of an area that, despite several positive attempts, is still affected by major instability. Gathering the perspectives of a pool of distinguished regional and international analysts, this publication dives into the socio-econ ...