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

  • April 20, 2020
    Le processus de mondialisation, si solide soit-il, se trouve à l’épreuve d’une crise sanitaire mondiale inattendue et brutale. Cette réalité adresse au monde une question qui interpelle autant les décideurs, les managers que les chercheurs : Que pourraient être les effets du Covid-19 sur l’économie politique internationale ? Rupture, continuité ou inflexion ? Une des perspectives qu’il convient de surveiller est celle relative à l’inflexion du processus de la mondialisation. C'est- ...
  • Authors
    Natalia Cotarelli
    Thiago Cavalcante Simonato
    Vinicius Almeida Vale
    Jaqueline Coelho Visentin
    April 18, 2020
    The impact of the crisis in the Greek economy was not uniform among the regions, threatening socioeconomic cohesion. In this paper, we explore the concept of the income multiplier in a multi-regional input–output setting, in the context of the Greek recession, showing empirical evidence for the increasing magnitude of the multiplier during the recession period. The main results reveal a complex system of interregional relations on some of whose structural characteristics the cyclica ...
  • Authors
    Aleksandra Chmielewska
    April 17, 2020
    Covid-19 has already put severe pressure on the global economy. Within four months since the first cases of coronavirus were confirmed in China in December of 2019, millions of people have lost their jobs worldwide due to the crisis and the imposed lockdown to prevent the spread of the virus. The forecasts are gloomy. According to the International Monetary Fund, the pandemic will trigger negative growth in over 170 countries and might therefore bring a worse economic recession than ...
  • Authors
    April 17, 2020
    The COVID-19 pandemic threatens to wreak more havoc in developing countries than in developed countries, because of the crumbling healthcare systems and infrastructures in the former, their inadequate budgetary resources, shallow financial systems, and weak government authority and capability. This impact has not yet shown up in cross-country data, possibly reflecting extensive under-reporting and/or less testing for COVID-19 done in developing countries. Policymakers in these count ...
  • Authors
    Meriem Oudmane
    April 16, 2020
    La crise sanitaire du Covid-19 a montré plusieurs fragilités et limites du système économique mondial. En plus de son impact très négatif sur l’économie, cette crise a des impacts sociaux très inégaux et qui varient d’une couche sociale à une autre. Elle a un impact dévastateur sur les ménages pauvres qui n’ont pas suffisamment d’épargne et de ressources financières et ceux ayant des emplois vulnérables[1]. Si le télétravail est une option pour certains, ce n’est pas le cas pour plu ...
  • Authors
    Sahil S.R. Shah
    April 15, 2020
    As with the rest of the World, the impact of COVID-19 in Kenya has stretched beyond the sphere of healthcare and the spread of the actual virus, as economic development outcomes are expected to be seriously affected by the disruption caused both globally and locally. In fact, one of the working hypotheses of the impact of COVID-19 on African nations is that the substantive impact of the virus on livelihoods will occur less from health-related issues than the economic shock, disrupt ...
  • Authors
    Co-signed by
    and 50 African intellectuals
    April 13, 2020
    50 African intellectuals including Kako Nubukpo, Alioune Sall, Carlos Lopes, Cristina Duarte, Felwine Sarr, Achille Mbembe, Reckya Madougou, Souleymane Bachir Diagne, Franck Hermann Ekra and Hakim Ben Hammouda co-signed this call to mobilize the intelligence, resources and creativity of Africans to defeat the COVID-19 pandemic. Severe Acute Respiratory Ryndrome Coronavirus 2, (SARS-CoV-2), is the scientific name for the virus responsible for a highly contagious and potentially fata ...
  • Authors
    Co-signée par
    et 24 intellectuels africains
    April 13, 2020
    Vingt-cinq intellectuels africains dont Kako Nubukpo, Alioune Sall, Felwine Sarr, Achille Mbembe, Reckya Madougou, Souleymane Bachir Diagne, Franck Hermann Ekra et Hakim Ben Hammouda cosignent cet appel à la mobilisation des intelligences, des ressources et de la créativité des Africains pour vaincre la pandémie de Covid-19. Covid-19 est le nom scientifique du virus responsable d’une maladie respiratoire très contagieuse pouvant devenir mortelle. Épidémie puis reclassée pandémie pa ...
  • Authors
    Yonas Adeto
    Thomas Gomart
    Paolo Magri
    Greg Mills
    Karin Von Hippel
    Guntram Wolff
    April 9, 2020
    Alors que le coronavirus se propage à travers le monde, la capacité d’atténuer son impact est liée aux ressources disponibles et à l’efficacité des autorités publiques. Voilà pourquoi il nous paraît primordial que les dirigeants internationaux se concentrent sur les conséquences de la pandémie sur les plus vulnérables, en particulier en Afrique. Il y a trois mois, le 31 décembre, les autorités chinoises informaient le bureau de Pékin de l’Organisation mondiale de la santé (OMS) d’u ...