Five Things That Will Define the Post-Pandemic World Economy | Dambisa Moyo

Even before the 2020 global pandemic hit the world in earnest, the global economy was in a precarious place. Many of the largest developed and developing countries were already experiencing low, slow, and even no growth. In this sense, Covid-19 is catalytic and has accelerated the threats to the global economy. Moreover, a number of headwinds are making a bad situation, worse. Technology and the risk of a jobless underclass; weakening demographics in terms of the quantity of the population and the quality of the workforce; worsening income inequality; scarcity of natural resources and climate change concerns; unsustainable debts; and declining productivity.

Dr. Dambisa Moyo outlines five things that will define the post-pandemic world economy:

Governments are big and will get bigger (in terms of debts and deficits.)
Governments will become more important as the arbiter of capital and labor in an economy.
Private sector will become smaller.
Private industry, where different sectors are more concentrated, face greater taxes and regulation.
De-globalization will continue across the major pillars: trade, capital flows, immigration, and the spread of ideas.

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