A new consensus for economic resilience

The Washington Consensus, first devised in 1989, is an economic
paradigm that was reflected in the prevailing economic thinking
as well as policy recommendations. However, as the world faces
more fragilities and shocks than it used to, one might start
wondering whether we should go further to address the acute and
chronic issues that threaten the resilience of our societies.
Economic orthodoxy might be shifting.



In this episode, Thomas Wieser joins Maria Demertzis and André
Sapir to talk about his recent report for the G7 'Global Economic
Resilience: Building Forward Better' in which the authors present
a new economic agenda, the Cornwall Consensus, to address the
risk to economic resilience: environmental and health, and
geo-political and socio-economic.