The World Government Summit laid down an ambitious 21-point report that could aid the global recovery from Covid-19.
The coronavirus upended the world's economies, brought international travel to a standstill and severely impacted mental health.
But the study, launched on May 5, urged leaders to seize the moment.
It cautions the climate crisis is set to intensify if governments do not adopt a thorough approach to recovery.
With great change comes great opportunity. Valuable lessons emerged over the past year, which we must heed as we recover
The report highlights that about 50 per cent of the global cost incurred by the pandemic will fall on developed economies.
Even if these countries are able to vaccinate their entire populations and developing nations succeed in vaccinating 50 per cent of theirs, the world economy could take an economic hit of up to US$3.8 trillion (AED13.96trn), with half of that cost absorbed by the wealthiest countries.
The ‘21 priorities for governments in 2021’ report came following the World Government Summit Dialogues event that was held virtually in March. And it urged leaders to reimagine cities, repair the social fabric, empower women and prepare for a new world of multilateralism.
“2020 will be remembered [...] as the year of great disruption," said Mohammad Al Gergawi, Minister of Cabinet Affairs – UAE and chairman of the World Government Summit Organisation.
"While the world was woefully unprepared for the velocity and voracity of the virus, 2021 needs to be the year that defines humanity’s future and reshapes societies to become stronger and more resilient," he said.
“With great change comes great opportunity. Valuable lessons emerged over the past year, which we must heed as we recover.
"The most important of those is our interconnectedness with one another and with nature. Our individual and collective actions as nations have important consequences, not only for us but for our children and the many generations to come after them – we must all be accountable to ourselves and to one another.”
The report identifies five critical areas that require the attention of the world's leaders: reimagining and reinforcing key public institutions; competing in a transformed economy; navigating a transformed geo-technical order; and, repairing the social fabric and securing the future.
“The world is clearly at a critical juncture in which we face both deep uncertainties and remarkable opportunities in many policy domains," said Rudolph Lohmeyer, partner at consultant company Kearney.
“For government leaders, the decisions made this year will have exceptionally long-term consequences. By taking anticipatory action on these 21 priorities, leaders have an opportunity to harness this transition in the service of their citizens through building societies that are more inclusive and innovative.”
The summit's dialogues event in March discussed climate change and how the pandemic was affecting the world.
David Nabarro, a special envoy on Covid-19 for the WHO, criticised an unfair balance where the rich snap up most of the vaccines. Two world-renowned scientists also described colonising Mars to escape the climate change problem on Earth as "unrealistic".
British astrophysicist Martin Rees and American astrophysicist Neil deGrasse Tyson disagreed with SpaceX founder Elon Musk and late physicist Stephen Hawking’s idea of using Mars as a backup planet.
The next World Government Summit will take place in October.
The 21 recommendations:
Reimagining and reinforcing key public institutions:
Alleviate fiscal overhangs
Reimagine the role of cities
Transform the national portfolio of capabilities
Compete in a transformed economy
Prepare for the coming regulatory shock:
Rebalance self-sufficiency and competitiveness
Drive radical, inclusive upskilling at scale
Reinvent the task structure of the workforce
Navigate a transformed geo-technical order
Navigate the global competition for allegiance:
Prepare to navigate a reordered technology market
Build deep data alliances
Prepare for the new multilateralism
Repair the social fabric
Reactivate critical global health initiatives on enduring threats:
Heal the mental health overhang
Protect the development of our youngest minds
Restore and expand the empowerment of women
Defend the sovereignty of citizens’ minds
Secure the future
Eliminate viral breeding grounds globally:
Adapt to the grey zone
Counter criminal exploitation of the crisis
Activate whole-of-society circular resilience
Harness “warp speed” policy approaches
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The past Palme d'Or winners
2018 Shoplifters, Hirokazu Kore-eda
2017 The Square, Ruben Ostlund
2016 I, Daniel Blake, Ken Loach
2015 Dheepan, Jacques Audiard
2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan
2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux
2012 Amour, Michael Haneke
2011 The Tree of Life, Terrence Malick
2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul
2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke
2008 The Class (Entre les murs), Laurent Cantet
WORLD CUP SQUAD
Dimuth Karunaratne (Captain), Angelo Mathews, Avishka Fernando, Lahiru Thirimanne, Kusal Mendis (wk), Kusal Perera (wk), Dhananjaya de Silva, Thisara Perera, Isuru Udana, Jeffrey Vandersay, Jeevan Mendis, Milinda Siriwardana, Lasith Malinga, Suranga Lakmal, Nuwan Pradeep
More from Neighbourhood Watch
How to tell if your child is being bullied at school
Sudden change in behaviour or displays higher levels of stress or anxiety
Shows signs of depression or isolation
Ability to sleep well diminishes
Academic performance begins to deteriorate
Changes in eating habits
Struggles to concentrate
Refuses to go to school
Behaviour changes and is aggressive towards siblings
Begins to use language they do not normally use
The Bio
Amal likes watching Japanese animation movies and Manga - her favourite is The Ancient Magus Bride
She is the eldest of 11 children, and has four brothers and six sisters.
Her dream is to meet with all of her friends online from around the world who supported her work throughout the years
Her favourite meal is pizza and stuffed vine leaves
She ams to improve her English and learn Japanese, which many animated programmes originate in
Virtual banks explained
What is a virtual bank?
The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.
What’s the draw in Asia?
Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.
Is Hong Kong short of banks?
No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year.
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
SERIES SCHEDULE
First Test, Galle International Stadium
July 26-30
Second Test, Sinhalese Sports Club Ground
August 3-7
Third Test, Pallekele International Cricket Stadium
August 12-16
First ODI, Rangiri Dambulla International Stadium
August 20
Second ODI, Pallekele International Cricket Stadium
August 24
Third ODI, Pallekele International Cricket Stadium
August 27
Fourth ODI, R Premadasa Stadium
August 31
Fifth ODI, R Premadasa Stadium
September 3
T20, R Premadasa Stadium
September 6
Drivers’ championship standings after Singapore:
1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Hili 2: Unesco World Heritage site
The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.