Creative Destruction: Innovation and Change in the Post-Pandemic Global Economy
The coronavirus pandemic has transformed the global economy, reshaping how billions of us live, work, play, and learn. Technological evolution has accelerated, putting the conditions in place for an economic renaissance that could raise living standards for generations to come. But in other ways, things haven’t changed. In this 45-minute webinar, Karl Schamotta illustrated how history’s biggest and most successful economic rescue effort has inhibited the “creative destruction” process - the Darwinian evolutionary cycle in which obsolete business models are replaced by updated ones - in many areas. Longstanding imbalances - between small and large, innovative and bureaucratic, marginalized and well-connected - have worsened, setting up a series of conflicts that could rock financial markets over the year ahead. From a foreign exchange strategist’s unique perspective, Karl explored the risks and opportunities that could be created as this unfolds, giving you the knowledge needed to create sustainable growth - even as the new world crashes into the old.