By Justin Haskins, Opinion Factor 12/03/20 11:30 AM EST The views expressed by contributors are their own and not the view of The Hill. Post-COVID-19 pandemic effort by the World Economic Online Forum The Great Reset is the name of the 50th annual meeting of the World Economic Online Forum (WEF), held in June 2020. It brought together prominent organization and political leaders, assembled by the Prince of Wales and the WEF, with the theme of reconstructing society and the economy in what is declared to be a more sustainable way following the COVID-19 pandemic. Klaus Schwab, who established the WEF in 1971 and is presently its CEO, described 3 core parts of the Great Reset. The first involves developing conditions for a "stakeholder economy"; the 2nd part consists of structure in a more "resilient, fair, and sustainable" waybased on environmental, social, and governance (ESG) metrics which would include more green public facilities projects. In her keynote speech opening the dialogues, International Monetary Fund director Kristalina Georgieva, noted 3 essential elements of the sustainable actiongreen growth, smarter growth, and fairer growth. A speech by Prince Charles at the launch occasion for The Excellent Reset, noted key locations for actionsimilar to those listed in his Sustainable Markets Effort, presented in January 2020. These included the re-invigoration of science, technology and innovation, a relocation towards web no shifts worldwide, the introduction of carbon pricing, re-inventing longstanding incentive structures, rebalancing investments to include more green financial investments, and encouraging green public facilities tasks. In June 2020, the theme of the January 2021 51st World Economic Online Forum Annual Meeting was announced as "The Great Reset", connecting both in-person and online global leaders in Davos with a multi-stakeholder network in 400 cities around the globe. According to, the BBC,, and Radio Canada, "baseless" conspiracy theories spread out by American far-right groups linked to QAnon, resurged at the start of the Great Reset online forum and increased in eagerness as leaders such as the freshly elected U.S. President Joe Biden and Canadian Prime Minister incorporated ideas based upon a "reset" in their speeches. By mid-April 2020, against the background of COVID-19 pandemic, the coronavirus economic downturn, the 2020 stock market crash, the 2020 Russia, Saudi Arabia oil price war and the resulting "collapse in oil prices", the former Guv of the Bank of England, Mark Carney, described possible fundamental changes in an article in.
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