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A focused study group for the discussion of economics and economic policy.
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© 2020 Relevant Protocols Inc.
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The Great Reset: Remarks to World Economic Forum Kristalina Georgieva, Managing Director, IMF "First, let me first talk about green growth. Governments can put in place public investments—and incentives for private investments—that support low-carbon and climate-resilient growth. Many of these investments can lead to job-rich recovery—think of planting mangroves, land restoration, reforestation or insulating buildings. Think of the key sectors for reducing carbon intensity where both the public and private sector can invest. I am particularly keen to take advantage of the low oil prices we see today, to eliminate harmful subsidies and introduce a carbon price that would work as an incentive for future investments. Second, let me talk about smarter growth. We know the digital economy is the big winner of this crisis. But we must not allow the digital divide to widen so that some countries and communities fall further behind. This would bring more pain than gain in the future. So, it is critical that institutions like the IMF support investments that will shrink the digital divide—working in partnership with the World Bank and others. We also need to think carefully about how to make sure the jump in growth and profitability in the digital sector leads to benefits that are shared across our societies. And that takes me to my third point—fairer growth. We know that—if left to its own devices—this pandemic is going to deepen inequality. That has happened in prior pandemics. We can avoid this if we concentrate on investing in people—in the social fabric of our societies, in access to opportunities, in education for all, and in the expansion of social programs so we take care of the most vulnerable people. Then we can have a world that is better for everyone. " Will this affect Crypto? Thoughts? UBI via Crypto?
The Great Reset: Remarks to World Economic Forum Kristalina Georgieva, Managing Director, IMF "First, let me first talk about green growth. Governments can put in place public investments—and incentives for private investments—that support low-carbon and climate-resilient growth. Many of these investments can lead to job-rich recovery—think of planting mangroves, land restoration, reforestation or insulating buildings. Think of the key sectors for reducing carbon intensity where both the public and private sector can invest. I am particularly keen to take advantage of the low oil prices we see today, to eliminate harmful subsidies and introduce a carbon price that would work as an incentive for future investments. Second, let me talk about smarter growth. We know the digital economy is the big winner of this crisis. But we must not allow the digital divide to widen so that some countries and communities fall further behind. This would bring more pain than gain in the future. So, it is critical that institutions like the IMF support investments that will shrink the digital divide—working in partnership with the World Bank and others. We also need to think carefully about how to make sure the jump in growth and profitability in the digital sector leads to benefits that are shared across our societies. And that takes me to my third point—fairer growth. We know that—if left to its own devices—this pandemic is going to deepen inequality. That has happened in prior pandemics. We can avoid this if we concentrate on investing in people—in the social fabric of our societies, in access to opportunities, in education for all, and in the expansion of social programs so we take care of the most vulnerable people. Then we can have a world that is better for everyone. " Will this affect Crypto? Thoughts? UBI via Crypto?
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