COMMENT: The Covid-19 pandemic provides a chance to reflect on, reimagine and reset the global economic system, writes Klaus Schwab.
Clearly, the will to build a better society does exist. We must use it to secure the Great Reset that we so badly need. That will require stronger and more effective governments, though this does not imply an ideological push for bigger ones. And it will demand private-sector engagement every step of the way.The Great Reset agenda would have three main components. The first would steer the market toward fairer outcomes.
The second component of a Great Reset agenda would ensure that investments advance shared goals, such as equality and sustainability. Here, the large-scale spending programmes that many governments are implementing represent a major opportunity for progress. The European Commission, for one, hasplans for a €750-billion recovery fund. The US, China and Japan also have ambitious economic-stimulus plans.
to support the public good, especially by addressing health and social challenges. During the Covid-19 crisis, companies, universities and others have joined forces to develop diagnostics, therapeutics and possible vaccines; establish testing centres; create mechanisms for tracing infections and deliver telemedicine. Imagine what could be possible if similar concerted efforts were made in every sector.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Cup review, Part IV: The second hand of God - The Mail & GuardianMartyr or cheat? A decade later, we’re still frothing at mouth as we argue about that game
Read more »
Sancho nets hat-trick, joins US killing protest as Dortmund cruise - The Mail & GuardianThe English winger, who now has 17 goals and 17 assists in the Bundesliga this season, joined a host of protests in the German top-flight over the weekend at the death of an unarmed black man in the United States
Read more »
Informal settlements should actively participate in local government - The Mail & GuardianThe reason for so many violent service delivery protests is that people feel excluded from the decisions made on their behalf
Read more »
Safety at schools: ‘Keep your distance and your pen’ - The Mail & GuardianThe department of basic education has developed guidelines to assist schools with minimising the spread of the coronavirus
Read more »
Nurses work and care in fear of Covid - The Mail & GuardianStaff at Tygerberg hospital detail how, despite their fear of the coronavirus, they continue to help in the medical response to the pandemic.
Read more »
Protective equipment for schools in KwaZulu-Natal goes ‘missing’ - The Mail & GuardianThe KwaZulu-Natal department of education will appoint a multidisciplinary team to investigate the disappearance of a large quantity of personal protective equipment intended for schools. BongeMacupe reports. EducationMatters
Read more »