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Almost a year after the COVID-19 crisis first started, the deep economic recession has had a major impact on the economy and society. In a special edition of the Global Competitiveness Report, the World Economic Forum (WEF) shows how recovering from the COVID-19 crisis can lead to productive, sustainable and inclusive economic systems.

The Amsterdam Centre for Business Innovation (ACBI), led by professor Henk Volberda, is part of the Amsterdam Business School and a partner institute of the World Economic Forum. ACBI was responsible for collecting the data for the Netherlands.

Long-term prosperity

According to the WEF, the Netherlands and Scandinavian countries are the best equipped to bring about a long-term transformation. The report states that in the long term, prosperity requires better public services, investments in sustainable practices, and digitisation.

While no country can escape the effects of the virus, the World Economic Forum’s Global Competitiveness Report asserts that countries with an advanced digital economy and digital skills, a robust social safety net, and extensive experience with previous pandemics are in the best position to mitigate the economic effects of the pandemic.

The Global Competitiveness Report Special Edition 2020: How Countries are Performing on the Road to Recovery shows more details on how countries can achieve economic recovery and a long-term transformation.