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
    March 21, 2025
    MENA faces a severe water crisis, with 12 of the world’s 17 most water-stressed countries. Climate change, population growth, inefficient water management, and weak governance drive this challenge. Water production, treatment, and distribution require high energy inputs, while energy generation depends on water for cooling and refining. The region must integrate renewable energy, especially solar power, into water solutions like desalination. Inaction could shrink GDP by up to 14% ...
  • Authors
    Peter Drysdale
    Alicia Garcia-Herrero
    Nagesh Kumar
    B. V. R. Subrahmanyam
    March 21, 2025
    This Chapter was originally published on springer.comSo, this session really is about what's happened to global trade in the last couple of decades, of course, really since the global financial crisis, trade dependency has levelled off, peaking at around 60% in 2008, 2009.  ...
  • March 20, 2025
    This paper (see pages: 152-164), included in the report 'The Reckoning Regression or Renaissance?' was originally published on orfonline.org   Calls for reforms of the International Financial Architecture (IFA) are foregrounded by the growing financing needs of developing countries, driven by mounting climate-related challenges; conflict and violence; rising numbers of internally displaced persons (IDPs); and macroeconomic imbalances, including crippling debt service and ...
  • March 20, 2025
    Le marché du travail marocain traverse des défis structurels majeurs, avec un taux de participation relativement faible (43,5 %) et encore plus marqué chez les femmes, dont la participation reste inférieure à 20 %. Le chômage, quant à lui, est élevé, particulièrement parmi les jeunes diplômés, atteignant 30 %, et une grande partie de l'emploi urbain se trouve dans le secteur informel, représentant entre 20 et 40 % des emplois. Ce marché est également marqué par des d ...
  • March 18, 2025
    كشفت المندوبية السامية للتخطيط في نتائج البحث الوطني الأخير حول معيشة الأسر المغربية معطيات تثير النقاش، أبرزها وضع الطبقة الوسطى التي تُعد ركيزة أساسية للاستقرار الاقتصادي والاجتماعي ومحركًا رئيسيًا للنمو. لكن هذه الطبقة تواجه اليوم تحديات غير مسبوقة، وأهمها تصاعد غلاء المعيشة. فما هو ...
  • Authors
    March 14, 2025
    The traditional model of Official Development Assistance (ODA) has not only entrenched financial dependence but also served as a tool for geopolitical influence, often prioritizing donor interests over genuine economic self-sufficiency in developing nations. The 2015 Sustainable Development Goals (SDGs) envisioned a shift towards private investment, but this strategy has largely failed. Capital flight, rising debt burdens, and systemic financial asymmetries have ensured that investm ...
  • Authors
    Zakaria Elouaourti
    March 14, 2025
    This paper was originaly published on erf.org.eg   Youth's life paths have become increasingly challenging, especially for those classified as "Not in Education, Employment, or Training" (NEET), who comprise 31.2% of North Africa's youth population. The region faces high youth unemployment rates, with 22.3% in 2023, rising slightly to 22.5% in 2024, and projected to return to 22.3% in 2025 (ILO, 2024). Notably, North African youth not only exhibit the highest desire to m ...
  • Authors
    Mohamed Elmagbri
    March 13, 2025
    Libya faces a paradox: it has a bloated public sector employing millions, yet a crippling unemployment crisis, especially among young people. According to the Libyan Audit Bureau’s 2023 report[1], over two million people work for the government, a figure that excludes state-owned enterprises such as oil companies, banks, and utilities companies. With a total labor force of 2.5 million[2], out of every ten Libyan adults, eight are employed by the government. This massive public workf ...
  • Authors
    March 7, 2025
    Chaque jour, en moyenne, les femmes marocaines consacrent près de cinq heures à des tâches domestiques (cuisine, ménage, courses, soins aux enfants, etc.). Elles assurent plus de 90 % du temps total consacré aux tâches domestiques par l’ensemble des hommes et des femmes. Ce travail non rémunéré représente des services indispensables qui participent au bien-être matériel des personnes et des foyers sans pour autant apparaître dans la production nationale, telle que mesur ...
  • March 6, 2025
    In this episode, Vicky Aridi discusses the pivotal role of Youth Economic Opportunieis (YEO) 2030 in advancing Sustainable Development Goal (SDG) 8 by fostering decent employment opportunities. The conversation highlights the importance of promoting green jobs and sustainability, while ...