Don’t Let a Crisis Go to Waste : Reshaping the Economy through ‘No-Regret’ Policies
Vietnam has the unique opportunity to take advantage of the COVID-19 crisis. While the future is hard to predict, most would agree that the world will look very different in the post coronavirus era. There will be a notable reshaping of global valu...
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| Format: | Policy Note |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/314751591592726860/Don-t-Let-a-Crisis-go-to-Waste-Reshaping-the-Economy-through-No-Regret-Policies http://hdl.handle.net/10986/33862 |
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okr-10986-338622021-05-25T09:56:37Z Don’t Let a Crisis Go to Waste : Reshaping the Economy through ‘No-Regret’ Policies World Bank CORONAVIRUS COVID-19 PANDEMIC RESPONSE E-GOVERNMENT TELEMEDICINE LOW CARBON DEVELOPMENT E-COMMERCE GLOBAL VALUE CHAIN CONTACT-FREE ECONOMY ID4D DIGITAL TECHNOLOGY DIGITAL ECONOMY DIGITAL PAYMENTS GREEN GROWTH TRADE POLICY REGIONAL TRADE INVESTMENT CLIMATE FINANCIAL INCLUSION ICT INFRASTRUCTURE INFORMATION AND COMMUNICATION TECHNOLOGY Vietnam has the unique opportunity to take advantage of the COVID-19 crisis. While the future is hard to predict, most would agree that the world will look very different in the post coronavirus era. There will be a notable reshaping of global value chains. Similarly, the development of contact-free services, telemedicine, and e-commerce will accelerate requiring fast adaptation of existing digital systems. Lastly, the importance and value of human life will increase as more governments prioritize the inclusion of the wellbeing of future generation in policy making. The ongoing transformation of the global economy provides the opportunity for Vietnam to take important policy actions and move faster toward its goal of becoming a high-income economy. We recommend five concrete pathways on which Vietnam can build on: tapping into the new global trading system, promoting digital payments for a new business model, promoting telemedicine, enhanced information sharing for increased resilience, and aiming for a low-carbon economy. 2020-06-09T17:18:12Z 2020-06-09T17:18:12Z 2020-06 Policy Note http://documents.worldbank.org/curated/en/314751591592726860/Don-t-Let-a-Crisis-go-to-Waste-Reshaping-the-Economy-through-No-Regret-Policies http://hdl.handle.net/10986/33862 English COVID-19 Policy Response Notes;No. 5 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Policy Note East Asia and Pacific Vietnam |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CORONAVIRUS COVID-19 PANDEMIC RESPONSE E-GOVERNMENT TELEMEDICINE LOW CARBON DEVELOPMENT E-COMMERCE GLOBAL VALUE CHAIN CONTACT-FREE ECONOMY ID4D DIGITAL TECHNOLOGY DIGITAL ECONOMY DIGITAL PAYMENTS GREEN GROWTH TRADE POLICY REGIONAL TRADE INVESTMENT CLIMATE FINANCIAL INCLUSION ICT INFRASTRUCTURE INFORMATION AND COMMUNICATION TECHNOLOGY |
| spellingShingle |
CORONAVIRUS COVID-19 PANDEMIC RESPONSE E-GOVERNMENT TELEMEDICINE LOW CARBON DEVELOPMENT E-COMMERCE GLOBAL VALUE CHAIN CONTACT-FREE ECONOMY ID4D DIGITAL TECHNOLOGY DIGITAL ECONOMY DIGITAL PAYMENTS GREEN GROWTH TRADE POLICY REGIONAL TRADE INVESTMENT CLIMATE FINANCIAL INCLUSION ICT INFRASTRUCTURE INFORMATION AND COMMUNICATION TECHNOLOGY World Bank Don’t Let a Crisis Go to Waste : Reshaping the Economy through ‘No-Regret’ Policies |
| geographic_facet |
East Asia and Pacific Vietnam |
| relation |
COVID-19 Policy Response Notes;No. 5 |
| description |
Vietnam has the unique opportunity to
take advantage of the COVID-19 crisis. While the future is
hard to predict, most would agree that the world will look
very different in the post coronavirus era. There will be a
notable reshaping of global value chains. Similarly, the
development of contact-free services, telemedicine, and
e-commerce will accelerate requiring fast adaptation of
existing digital systems. Lastly, the importance and value
of human life will increase as more governments prioritize
the inclusion of the wellbeing of future generation in
policy making. The ongoing transformation of the global
economy provides the opportunity for Vietnam to take
important policy actions and move faster toward its goal of
becoming a high-income economy. We recommend five concrete
pathways on which Vietnam can build on: tapping into the new
global trading system, promoting digital payments for a new
business model, promoting telemedicine, enhanced information
sharing for increased resilience, and aiming for a
low-carbon economy. |
| format |
Policy Note |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Don’t Let a Crisis Go to Waste : Reshaping the Economy through ‘No-Regret’ Policies |
| title_short |
Don’t Let a Crisis Go to Waste : Reshaping the Economy through ‘No-Regret’ Policies |
| title_full |
Don’t Let a Crisis Go to Waste : Reshaping the Economy through ‘No-Regret’ Policies |
| title_fullStr |
Don’t Let a Crisis Go to Waste : Reshaping the Economy through ‘No-Regret’ Policies |
| title_full_unstemmed |
Don’t Let a Crisis Go to Waste : Reshaping the Economy through ‘No-Regret’ Policies |
| title_sort |
don’t let a crisis go to waste : reshaping the economy through ‘no-regret’ policies |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/314751591592726860/Don-t-Let-a-Crisis-go-to-Waste-Reshaping-the-Economy-through-No-Regret-Policies http://hdl.handle.net/10986/33862 |
| _version_ |
1764479676501196800 |