Question

What sorts of productivity-enhancing reforms we need to maintain the long-term growth and job creation , especially after the COVID-19 pandemic?

Answer 1

Ans. Productivity-Enhancing reforms needed to maintain the long-term growth and job creation , especially after the COVID-19 pandemic are :--

1. Efforts to maintain the private sector and get money directly to people so that we may see a quicker return to business creation after this pandemic has passed.

2. During the mitigation period, countries should focus on sustaining economic activity with targeted support to provide liquidity to households, firms and government essential services.

3. Enhancing transparency in financial commitments and investment would also help rebuild confidence and facilitate investment growth.

4. With Inducing capital in private sector and rebuild in investment growth it helps to create jobs in the country. And helps help better productivity in the economy.

5. The importance of allowing an orderly allocation of new capital toward sectors that are productive in the new post-pandemic structures that emerge.

6. To make future economies more resilient, many countries will need systems that can build and retain more human and physical capital during the recovery – using policies that reflect and encourage the post-pandemic need for new types of jobs, businesses and governance systems.

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