To: maceng2 who wrote (1444012 ) 3/4/2024 7:19:38 PM From: Qone0 Read Replies (3) | Respond to The Great Reset Initiative is an economic recovery plan drawn up by the World Economic Forum (WEF) in response to the COVID-19 pandemic . [1] The project was launched in June 2020, with a video featuring the then-Prince of Wales Charles released to mark its launch. [2] The initiative's stated aim is to facilitate rebuilding from the global COVID-19 crisis in a way that prioritizes sustainable development . [3] Sustainable development is an organizing principle that aims to meet human development goals while also enabling natural systems to provide necessary natural resources and ecosystem services to humans. [2] The desired result is a society where living conditions and resources meet human needs without undermining the planetary integrity and stability of the natural system. [3] [4] Sustainable development tries to find a balance between economic development , environmental protection , and social well-being . The Brundtland Report in 1987 defined sustainable development as "development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs". [5] [6] The concept of sustainable development nowadays has a focus on economic development , social development and environmental protection for future generations.1992 Earth Summit in Rio de Janeiro . In 2015 the United Nations General Assembly (UNGA) adopted the Sustainable Development Goals (2015 to 2030) and explained how the goals are integrated and indivisible to achieve sustainable development at the global level. [7] The UNGA's 17 goals address the global challenges, including poverty , inequality, climate change , environmental degradation , peace, and justice.In June 2020, Klaus Schwab, who founded the World Economic Forum (WEF) in 1971 and is currently its CEO, described the three core components of the Great Reset. [4] The first includes creating conditions for a "stakeholder economy"; improving policies and agreements on taxes, regulations, fiscal policies and trade to result in "fairer outcomes". [4] The second component addresses how the large-scale pandemic spending programs with private investments and pension funds could improve on the old system by building one that is more "resilient, equitable and sustainable" over the long term by "building green urban infrastructure and creating incentives for industries to improve their track record on environmental, social and governance (ESG) metrics". The third component of a Great Reset agenda is to "harness the innovations of the Fourth Industrial Revolution" for the public good. [4] A July 2020 non-fiction by Schwab and economist Thierry Malleret develops the plan in more detail. [5] [27]
