Nearly 50% of Pandemic Costs Will Fall on Advanced Economies, World Government Summit Report Finds
A seminal report launched by the World Government Summit Organization (WGS) which highlights 21 critical priorities within five focus areas offers a source of direction for governments as they tackle post-COVID-19 recovery.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210505005573/en/
Wealthier economies will shoulder almost half the cost of the COVID-19 crisis, which could reach up to US$3.8 trillion in 2021, the report finds. That, even if developed economies can vaccinate their entire populace and developing economies can reach a 50 percent vaccination rate.
The report says mental health wellness, climate change and women’s empowerment are central concerns that will exacerbate if governments do not rebuild in a holistic, proactive manner.
His Excellency Mohammad Abdullah Al Gergawi, UAE Minister of Cabinet Affairs and Chairman of the World Government Summit Organization, said: “2020 will be remembered by history as the year of great disruption. While the world was woefully unprepared for the voracity of the virus, 2021 needs to be the year that defines humanity’s future and reshape societies to become stronger and more resilient.”
He added: “With great change comes great opportunity. Valuable lessons emerged over the past year, which we must heed as we recover. Our individual and collective actions as nations have important consequences not only for us, but for our children and the many generations to come after them: we must all be accountable to ourselves and each other.”
With governments’ focus trained on the pandemic over the last 18 months, underlying societal issues such as the mental health and climate crises have exacerbated, and could become as problematic as the public health emergency if leaders do not adapt their thinking, the report suggests.
The 21 priorities outlined by the report are broken down into five sections:
These five focus areas are:
- Reimagining and Reinforcing Key Public Institutions
- Competing in a Transformed Economy
- Navigating a Transformed Geo-Technical Order
- Repairing the Social Fabric
- Securing the Future
Please download the full report here :
The World Government Summit Organization is a global, neutral, non-profit organization dedicated to shaping the future of governments. The Summit, in its various activities, explores the agenda of the next generation of governments, focusing on harnessing innovation and technology to solve universal challenges facing humanity.
The World Government Summit Organization operates at the intersection of government and innovation. It functions as a knowledge exchange platform that convenes leaders in the public and private sectors to collaborate with world-renowned experts in creating positive impact for citizens around the world. Including initiatives and events held throughout the year, the World Government Summit holds a flagship annual gathering in Dubai.
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
CA-ANDERSEN-GLOBAL18.6.2021 11:24:07 CEST | Pressemeddelelse
Andersen Global udvider i fire caribiske lande med CATC-HCC
TOSHIBA-CORPORATION18.6.2021 11:08:06 CEST | Press release
Toshiba's Chairperson of the Board of Directors Issues Open Letter to Its Shareholders
ISAE-SUPAERO18.6.2021 10:32:12 CEST | Press release
ISAE-SUPAERO Launches an App to Measure the Climate Impact of Aviation
WA-AMAZON-WEB-SERVICES18.6.2021 08:32:04 CEST | Press release
Ferrari Selects AWS as its Official Cloud Provider to Power Innovation on the Road and Track
MATTR18.6.2021 07:02:10 CEST | Press release
MATTR Now Available on Auth0 Marketplace
PA-BENTLEY-SYSTEMS17.6.2021 22:07:08 CEST | Press release
Bentley Systems Completes Acquisition of Seequent, Global Leader in 3D Modeling Software for the Geosciences
WA-PATTERN-COMPUTER17.6.2021 22:05:07 CEST | Press release
Pattern Computer Develops Accurate 15-Second COVID-19 Test
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom