The combined health and economic shocks of 2020 have impacted the livelihoods of millions
of households, disrupted business activities, and exposed the fault lines in today’s social protection and healthcare systems. The crisis has also further accelerated the effects of the Fourth Industrial Revolution on trade, skills, digitization, competition and employment, and highlighted the disconnect between our economic systems and societal resilience.
In this moment, it is crucial to not only reflect on how best to return to growth, but also, how to build back better economies that improve outcomes for people and the planet. This special edition of the Global Competitiveness Report provides the basis to support such deeper reflection, providing policymakers with priorities across three timeframes: those priorities that emerged from before the crisis, those priorities that are critical for the shorter term revival, and those priorities that are essential for longer term transformation for better outcomes on shared prosperity and sustainability in the future.
Since 1979 the Global Competitiveness Report series has aimed to broaden the views of policymakers, business and the public on looking beyond growth alone to enhance economic productivity and broader resilience.
In this Special Edition, at this turbulent time for the global economy, we pause comparative country rankings on the Global Competitiveness Index. Instead we take a fundamental look at how economies should think about revival and transformation as they recover and redesign their economic systems to enhance human development and compatibility with the environment.
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