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Q145
(UPPCS/2021)
International Relations & Global Affairs › International Organisations & Groupings
Which of the following organization has launched 'The Great Reset' Initiatives for the recovery of global economy during the Post Covid - 19 phase ?
Explanation
'The Great Reset' is an initiative launched by the World Economic Forum (WEF) in June 2020. It was introduced by Klaus Schwab, the founder and executive chairman of the WEF, and Prince Charles (now King Charles III) to address the global crisis triggered by the COVID-19 pandemic.
- Objective: The initiative aims to rebuild the global economic and social system in a more sustainable, equitable, and resilient manner.
- Key Pillars: It focuses on three main components: steering the market toward fairer outcomes (stakeholder capitalism), ensuring that investments advance shared goals like equality and sustainability (ESG metrics), and harnessing the innovations of the Fourth Industrial Revolution for the public good.
The theme of the WEF's 50th Annual Meeting in 2021 was also dedicated to 'The Great Reset'.
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SIMILAR QUESTIONS
The recent global pause during COVID-19 pandemic was caused due to :