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 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, Affiliate Professor at Mohammed VI Polytechnic University and Non-Resident Senior 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. ...
Harinder Kohli
Founding Director and Chief Executive, Emerging Markets Forum (EMF)
...

RELATED CONTENT

  • Authors
    July 20, 2020
    This article was originally published on Bruegel. The global economy is showing signs of recovery from the economic crisis caused by COVID-19, though the spread of the coronavirus is accelerating in some countries. In this circumstance, policymakers must weigh up the trade-offs involved in dealing with the pandemic while easing lock downs and sustaining economic activity. Differences in age structures, urbanisation rates and other factors will inform decision making in different co ...
  • July 16, 2020
    La femme représente la moitié de la société. Côte à côte avec l’homme, elle a toujours contribué au développement des sociétés lorsque les facteurs de conversion lui ont permis de mettre à l’œuvre ses potentialités pour parler simple. Aujourd’hui, cette catégorie de la société marocaine, et mondiale, subit de manière disproportionnée les répercussions de la crise de la Covid-19, sur plus d’un aspect de la vie en société. Ceci est particulièrement vrai lorsqu’il s’agit des domaines ...
  • Authors
    Abdoul‘ Ganiou Mijiyawa
    July 15, 2020
    We explore the effects of exporting manufactures, primary commodities, and food and agricultural products, and we examine the impact of importing capital and semi-capital goods, on structural transformation in a group of 21 sub-Saharan African countries that were covered by the inaugural African Transformation Report (ACET, 2014). The empirical results suggest that the import of capital and semi-capital goods can be a good predictor of structural transformation, while concentration ...
  • July 10, 2020
    L’Afrique fait face à une crise économique sans précédent qui ne manquerait pas de rebondir sur les équilibres économiques et sociales. Pour apaiser la violence du choc et éviter surtout l’installation permanente de ses répercussions, l’Afrique doit déployer des stratégies de ripostes i...
  • Authors
    Amine Benbernou
    Dorothée Schmid
    July 9, 2020
    Middle Eastern geopolitics is currently undergoing structural changes: the regional order is in transition in the aftermath of the Arab Spring that undermined authoritarian governance, and triggered the competition for power against a backdrop of American withdrawal. This new race for regional domination challenges the traditional hierarchy of powers that is mainly based on military capacity and the interplay of foreign alliances. The economy, which had previously guaranteed the pol ...
  • Authors
    Konrad-Adenauer-Stiftung in partnerships with the Policy Center for the New South and EastWest Institute
    July 3, 2020
    The Middle East and North Africa (MENA) have enormous economic potential with remarkable natural resources and industrial production capacities. While considerable progress for economic reforms has been reached already, a deeper regional integration and stronger cooperation can provide the needed impetus for facilitated development and upgraded national as well as regional economic structures in the wider region. Special Economic Zones (SEZs) present significant untapped potential, ...
  • Authors
    Alioune Sall
    Moubarack Lo
    July 2, 2020
    La transformation de la Communauté Economique des Etats de l’Afrique de l’Ouest (CEDEAO) en « confédération d’Etats » est parfois évoquée, y compris au niveau des Chefs d’Etat de la Communauté, comme une prochaine étape naturelle du processus d’approfondissement de l’intégration en Afrique de l’Ouest. La présente étude a pour objet d’en explorer la faisabilité et la pertinence, en se fondant sur l’expérience vécue dans d’autres continents. Une Confédération d’Etats peut être défini ...
  • Authors
    June 30, 2020
    Prior to the colonial era, money issuance in West Africa depended on slave trade. With the advent of the colonialrule, silver coins were imported then progressively imposed as a tool of coercion. The post-colonial trajectory wasdifferent for former British and French colonies. While the former regained their monetary sovereignty, the lattercontinued under a monetary union under the auspices of France. The proposal of the Eco as a single currency forECOWAS is therefore a whole new st ...
  • Authors
    Datu Sadja Matthew Pajares Yngson
    June 30, 2020
    Unless trade wars end around the globe, the world is headed for the biggest recession in living memory. The crisis arising from the coronavirus will hit fragile economies in Africa, the Pacific, and the Caribbean the hardest. At such a time, the world should be dropping barriers but, instead, new barriers are being built. In the past month, U.S. President Donald Trump threatened retaliation against India unless it released supplies of hydroxychloroquine. Worse still, he got his way ...
  • Authors
    Abdessalam Jaldi
    June 26, 2020
    La jeune démocratie tunisienne a réussi le double pari de juguler la propagation de la pandémie de la Covid-19, tout en s’érigeant en un modèle régional de gestion de la crise sanitaire. Désormais, le pays doit remédier aux chocs économiques engendrés par la pandémie et pourrait connaitre la pire récession de son histoire. Dans cette tempête annoncée, l’accélération de la transition économique s’avère nécessaire, non seulement pour refonder le système économique, mais aussi pour pré ...