The highly asymmetric impact of the pandemic has reinforced historical inequalities within and between countries and is now giving rise to a highly divergent recovery. Technological change has accelerated through the crisis, contributing to additional labour market polarization. At the same time, long-term growth prospects remain subdued, following pre-crisis trends. In addition, future shocks will arise from frontier risks with unknown likelihoods and impacts for which many governments and societies are not currently well prepared. The disruptions faced by societies and the global economy today require an economic transformation of unprecedented depth and scale.
The second World Economic Forum Jobs Reset Summit saw over 500 leaders convene to shape a new agenda for growth, jobs, skills and equity - IIPP Director Mazzucato joined a must watch session on Building Back Broader
MIL-OSI Economics: World Economic Forum Jobs Reset Summit: Building Back Broader in the Economic Recovery foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Date Time
World Economic Forum Jobs Reset Summit: Building Back Broader in Economic Recovery
· The second Jobs Reset Summit made progress on major reskilling, education and job quality initiatives, including the launch of SkillsLink and the Partnership for New Work Standards.
· A new alliance to address social justice through business action was launched, while 58 multinational companies aligned on their commitments to a racial justice initiative
· Kazakhstan joined the Forum’s global network of countries mobilizing action for gender parity
· The Chief Economists Outlook launched at the Summit forecast a return to over 5.5% global growth within 2021, but coupled with concerns about economic scarring and a disconnect between asset markets and the real economy
The Jobs Reset Summit, 1-2 June, will bring together world leaders and business executives on how to shape an inclusive socio-economic COVID-19 recovery.