While the coronavirus disease (COVID-19) seems to be behind us now, the scarring effects on employment, poverty, and education will last forever. Women, youth, and less educated groups of the population have been disproportionately affected. Moreover, the current war in Ukraine and rising global tensions have placed additional pressures on the world economy. The fact that now countries, particularly low- and middle-income countries, have limited fiscal space means the rising geopolitical tensions have widened inequality and worsened the recovery process. The G20 could be an effective international forum to foster a coordinated global response to establish and deliver commitments for resilient, sustainable, and inclusive growth. This report consists of three main sections: economic recovery, digital transformation, and sustainable development.
Ing, Lili Yan, and Dani Rodrik, eds. New Normal, New Technologies, New Financing. ERIA, 2022.