how to avoid future shocks to the global economy

how to avoid future shocks to the global economy

In an ever-changing world, governments are required to evolve, develop its work models, and let go of the traditional mindset, in order to step into the new decade.

During the past two years, governments have faced one of the hardest lessons, the COVID-19 Pandemic. That affected services, work placement, trade, supply chains, social lives, learning process, leaving no stone unturned in all aspects of life.

The questions the World Government Summit (WGS2022) is asking varies, did societies learn from the pandemic? Can the world leverage new technologies to part a positive impact towards the future?

Building the foundations of a resilient post-covid governments and economies that can withstand future global shocks will take centre stage at The World Government Summit 2022, running 29-30 March 2022.

WGS2022 will explore what lessons governments can learn from the COVID-19 pandemic to create robust frameworks for social, economic and environmental growth. It aims to answer critical questions, such as how government should design future economies, create polices to combat climate change and achieve net-zero goals, accelerate the transition toward smart cities, boost growth, create jobs, enhance future readiness.

Through a series of talks, awards and forums, WGS2022 aims to demonstrate how governments can use technological advances to build more prosperous, productive, happy, and empowered societies. This has been a hallmark of previous events, with The World Government Summit Organization regularly extoling the importance of innovation in government services.

WGS was the platform used by the World’s Health Organization’s (WHO) Director-General, Dr. Tedros Adhanom Ghebreyesus, to warn the world about global pandemics. In 2018, he told a global gathering of leaders that highly pathogenic viruses would devastate life and livelihoods if the necessary procedures were not in place.

At the WGS2018, Dr. Ghebreyesus warned that “the existence of a fragile health system in one country could expose the world to a global health disaster. It is not sufficient to respond only to the outbreak of diseases; we have to do our best to prevent that outbreak.”

WGS2022 will serve as a new chapter to enhance government readiness in the healthcare sector. It will focus on how digital advancements can strengthen preventive medical practices and enhance capabilities to prepare for future pandemics by ensuring the readiness of key industries. It also aims to encourage international cooperation and global strategic partnerships enabling governments to create future systems informed by the lessons learnt during the COVID-19 pandemic.

The event will continue its efforts of shaping the future of government by building stronger capabilities, plans, innovations and applications that enhances readiness for future global shocks. By doing so, it will create an interconnected future between countries and governments that promotes agile, efficient and integrated digital government systems and services.

WGS2022 is held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, convenes more than 4000 participants representing leaders, government officials, private sector, thought leaders, as well as experts discussing the next decade in 110 sessions.

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