The pandemic-induced lockdowns and the ensuing global recession of 2020 which followed have created a highly uncertain global economic outlook and had dramatic social consequences. Globalization is stalling, social cohesion is being eroded by unrest and political polarization, and the still unfolding economic crisis is threatening the livelihoods of those at the lower end of the income spectrum. As existing temporary support measures begin to expire in several countries, it will be of paramount importance to put in place the structural reforms that will help to build back not only better but also broader.
The latest white paper published by the World Economic Forum’s Centre for the New Economy and Society, Building Back Broader: Policy Pathways for a Post Pandemic Transformation, is the outcome of a set of multistakeholder dialogues which engaged six Global Future Councils. The Global Future Council on the New Agenda for Fiscal and Monetary Policy identified three policy pathways...
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