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Global Competitiveness Report 2020 – Special Edition From World Economic Forum

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The following is the Global Competitiveness Report 2020 – Special Edition From World Economic Forum recommended by recordtrend.com. And this article belongs to the classification: global economy , research report.

Those countries with developed digital economy, sound social security and effective medical systems have responded more effectively to the impact of the new epidemic. The report calls on countries to build more efficient, inclusive and sustainable economies to achieve post epidemic recovery.

This special edition of the report outlines the priorities for economic recovery and revitalization, assesses some of the important factors that can effectively help countries manage the epidemic, and analyzes which countries are most prepared for economic transformation and are expected to build a “productive, people-oriented” and “environment-friendly” socio-economic system.

The report points out that social isolation is one of the most effective ways to deal with the new coronavirus, and countries with developed digital economy and mature digital skills can make their citizens work at home, thus more successfully maintaining the normal operation of the economy.

The report proposes four paths to promote economic revitalization and Transformation: policy environment, human capital, market mechanism and innovation ecology. At the same time, the report also gives key transformation issues that can have a positive impact on economic growth, social inclusion and environmental sustainability, including: increasing investment and building digital infrastructure; developing a green economy; carrying out long-term investment; implementing a more effective progressive tax system; expanding public services; and implementing incentives to create a future market.

“The WEF has long been committed to encouraging policy makers to move beyond short-term growth thinking to long-term prosperity.” Klaus Schwab, founder and executive chairman of the world economic forum, said that the report clearly mentions some priorities, which will help us build a more efficient, inclusive and sustainable economy and achieve post epidemic recovery. “This is a crucial moment to transform the economy.”

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