Reviving and Reorienting Growth after the Pandemic: The Role of Local Infrastructure Investments
- Nicola Bilotta
- Content Type
- Special Report
- Istituto Affari Internazionali
- The last decade has witnessed a progressive change in what had long been
considered global priorities for achieving growth. The global financial crisis of
2007–2008 and the following European sovereign debt crises of 2011–2012
have brought to light important pitfalls in the functioning of globalized
financial markets. Trade and financial liberalization policies have at times
caused severe strains in some communities, raising concerns over the effects
of rapid increases in international integration. Environmental and social risks
have come to the forefront of the policy debate. The COVID-19 pandemic has
brought enormous challenges to what was the normal way of living.
All these events have had far-reaching consequences on the global economy.
Currently, the world is facing at least three major shocks that are affecting
health (COVID-19), prosperity (the recession) and the planet (climate change).
These have been chosen as the three keywords for Italy’s G20 Presidency.
These shocks are different in nature and have very diverse effects across
countries, regions and municipalities. This calls for differentiated and targeted
responses that take into account the specific needs of individual communities.
- Climate Change, Infrastructure, G20, Economic Growth, Investment, Integration, COVID-19
- Political Geography
- Europe, India, Vietnam, Philippines, United States of America, Congo