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Great Reset
Post-COVID-19 pandemic initiative by the World Economic Forum
Great Reset
The Great Reset, also known as the Great Reset Initiative, is an economic recovery plan that was proposed by the World Economic Forum (WEF) in response to the COVID-19 pandemic. The project was launched in June 2020. Its stated objective is to support global recovery from the pandemic in a manner that emphasizes sustainable development. At the time of the initiative's announcement, WEF chairman Klaus Schwab outlined three core components of the initiative: advancing a "stakeholder economy" prioritizing "fairer outcomes"; building a more "resilient, equitable, and sustainable" economy using environmental, social, and governance (ESG) metrics; and "harnessing the innovations of the Fourth Industrial Revolution." "The Great Reset" was chosen as the theme for the WEF's 2021 annual meeting in Davos, Switzerland, a summit that was postponed multiple times and ultimately cancelled due to the pandemic. The Great Reset, and the WEF broadly, have been criticized by scholars and commentators for encouraging...
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