reset

The Great Reset is the name of the 50th annual meeting of the World Economic Forum (WEF), held in June 2020. It brought together high-profile business and political leaders, convened by Charles, Prince of Wales and the WEF, with the theme of changing society and the economy following the COVID-19 pandemic.WEF chief executive officer Klaus Schwab described three core components of the Great Reset: the first involves creating conditions for a "stakeholder economy"; the second component includes building in a more "resilient, equitable, and sustainable" way—based on environmental, social, and governance (ESG) metrics which would incorporate more green public infrastructure projects; the third component is to "harness the innovations of the Fourth Industrial Revolution" for public good. In her keynote speech opening the dialogues, International Monetary Fund director Kristalina Georgieva listed three key aspects of the sustainable response: green growth, smarter growth, and fairer growth.At the launch event for the Great Reset, Prince Charles listed key areas for action, similar to those listed in his Sustainable Markets Initiative, introduced in January 2020. These included the re-invigoration of science, technology and innovation, a move towards net zero transitions globally, the introduction of carbon pricing, re-inventing longstanding incentive structures, rebalancing investments to include more (though not all) green investments, and encouraging green public infrastructure projects. (See greenwashing).
In June 2020, the theme of the January 2021 50th World Economic Forum Annual Meeting was announced as "The Great Reset", connecting both in-person and online global leaders in Davos, Switzerland with a multi-stakeholder network in 400 cities around the world. The Great Reset was also to be the main theme of the WEF's summit in Lucerne in May 2021, which was postponed to 2022.The World Economic Forum generally suggests that a globalised world is best managed by a self-selected coalition of multinational corporations, governments and civil society organizations (CSOs). It sees periods of global instability – such as the financial crisis and the COVID-19 pandemic – as windows of opportunity to intensify its programmatic efforts. Some critics hence see the Great Reset as a continuation of the World Economic Forum's strategy of focusing on connotated activist topics such as environmental protection and social entrepreneurship to disguise the organization's true plutocratic goals.According to The New York Times, BBC News, The Guardian, Le Devoir and Radio Canada, conspiracy theories spread by American far-right groups linked to QAnon surged at the onset of the Great Reset forum and increased in fervor as leaders such as U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau incorporated ideas based on a "reset" in their speeches.

View More On Wikipedia.org