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

  • May 15, 2024
    En 2023, et selon le think tank américain « Atlantic Council », 114 pays ont engagé une réflexion sur La Monnaie numérique de banque centrale (MNBC). Cette réflexion concerne la MNBC de gros, visant à repenser l’interbancarité et la MNBC de détail, celle que la Chine développe avec un succès certain depuis 2014 avec son e yuan, réservé aujourd’hui au seul marché intérieur chinois, en attendant mieux. L’objet de ce Policy Brief est, tout d’abord, de rappeler que les MNB ...
  • Authors
    Bruce Byiers
    Saloi El Yamani
    May 14, 2024
    As the African Continental Free Trade Area (AfCFTA) enters its fifth year, the rules of origin for trade in goods are still being finalised, but the institutional architecture is nearly complete with increased capacity, technical committees and new supporting instruments. Despite this progress in AfCFTA ‘policy supply’, meaningful trade under the AfCFTA is still to begin. For this to happen, there must be ‘policy demand’ from the private sector to use the agreement’s range of protoc ...
  • Authors
    Abdelkhalek Touhami
    Dorothee Boccanfuso
    May 9, 2024
    L'idée d'un effritement de la classe moyenne marocaine est répandue, suggérant un glissement vers une classe aisée toujours plus riche et des classes plus pauvres ce qui sous-entend une augmentation de la polarisation dans la société. Cependant, aucune étude basée sur des données n'a été menée pour confirmer cette perception. Notre étude comble ce vide en analysant l'évolution de la classe moyenne entre 2012 et 2019. En utilisant la définition opérationnelle de Abdelkhalek (2014) de ...
  • Authors
    May 6, 2024
    The issue of environmental degradation represents a significant global challenge. It manifests in various forms, including physical alterations such as air pollution, ozone depletion, climate change, marine pollution and biodiversity loss. These changes are proven to be linked to human activities, such as energy production and consumption, tourism and agriculture. Additionally, factors like population growth and health and safety concerns contribute to environmental decline. Is Gro ...
  • May 2, 2024
    This article was originally published on tandfonline.com   This article explores the intricate relationship between economic growth and unemployment across multiple African countries, with a focus on estimating the Okun’s coefficient. Data from the International Labour Office (ILO) and the World Bank’s databases for 39 African nations were utilised. Two distinct methodological approaches, first differences and the Hodrick-Prescott (HP) filter, were employed to assess result robust ...
  • April 30, 2024
    This paper aims to quantify the economic loss from the earthquake that hit Morocco on September 8, 2023, and to evaluate the impact of the five-year reconstruction plan, that will account for roughly 8.5% of GDP. Given the geographically concentrated location of the earthquake, which hit some provinces in the central part of Morocco, the methodology used relies on an inter- province inter-industry Input-Output (IIO) table for Morocco. Assuming that the resources to be spent on infra ...
  • Authors
    April 29, 2024
    L’Agence française de développement (AFD) et le Policy Center for the New South (PCNS) ont réuni le  17 avril dans les locaux du PCNS, au campus de l’Université Mohammed VI Polytechnique (UM6P) de Rabat, les acteurs du partenariat public-privé dans le secteur de la formation professionnelle. Cet évènement a permis de mettre en lumière le modèle marocain de partenariat public-privé en la matière, notamment les Instituts de formation à gestion déléguée (IGD). Cet évènement s’est ten ...
  • Authors
    April 25, 2024
    The Policy Center for the New South and the Atlantic Council Africa Center have jointly released a report on “The Reform of the Global Financial Architecture: Toward a System that Delivers for the South,” by Otaviano Canuto, Hafez Ghanem, Youssef El Jai, and Stéphane Le Bouder. This report issues specific and urgent calls for reform, including more representative global governance, increasing the World Bank’s operational and financial capacity, prioritizing programs that would inte ...
  • April 23, 2024
    نخصص حلقة الأسبوع من برنامج "حديث الثلاثاء" لموضوع تأنيث الهجرة في المغرب، من خلال دراسة وضع النساء المغربيات العاملات في مجال الفلاحة. استنادا إلى بحث ميداني أُجري في جهة سوس ماسة لاستقصاء الديناميات والتحديات التي تعترض هذه الفئة، مقارنة بوضع نظيراتهن المغربيات العاملات في القطاع ذاته...