The extremely uneven impression of the pandemic has bolstered historic inequalities inside and between international locations and is now giving rise to a extremely divergent restoration. Technological change has accelerated by means of the disaster, contributing to further labour market polarization. On the identical time, long-term progress prospects stay subdued, following pre-crisis tendencies. As well as, future shocks will come up from frontier dangers with unknown likelihoods and impacts for which many governments and societies will not be at the moment properly ready.
The disruptions confronted by societies and the worldwide financial system right now require an financial transformation of unprecedented depth and scale.
This paper places ahead a set of six pathways to quickly tackle these longer-term dynamics whereas concurrently constructing preparedness for future shocks. It’s the consequence of a set of worldwide, multistakeholder dialogues organized by the World Financial Discussion board’s Centre for the New Economic system and Society and engaged the Centre’s six World Future Councils.