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The Global Competitiveness Report: Special Edition 2020

/ Publications / The Global Competitiveness Report: Special Edition 2020

Publisher : World Economic Forum
Author(s) : Klaus Schwab, Saadia Zahidi

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Research Report

How Countries are Performing on the Road to Recovery

The deep economic recession triggered by COVID-19 continues to have profound economic and social consequences. Since the outbreak of the pandemic, unemployment rates have rapidly increased in most developing and advanced economies, and poverty rates have begun to rise again, reversing the gains achieved over the past few decades. According to the latest estimates, the economic and health crisis triggered by COVID-19 is expected to push between 88 million and 115 million more people into extreme poverty in 2020. When looking at working hour losses experienced by the global economy, 245 million full-time jobs are expected to be lost globally by the end of 2020, which amounts to a loss of the productive capacity of 8.6% of the global workforce. The crisis has also revealed the inadequacies of existing infrastructure and policies, ranging from social protection systems to healthcare.

Related Articles

Skills Landscape and Sustainability of Youth-led Business Establishments

Youth unemployment has become the biggest development challenge in Tanzania. Young people have few opportunities to learn skills so as to help them start and sustain their established micro and small enterprises and, therefore, the majority of youth-owned enterprises do not survive beyond one year. This research aimed at assessing the youth skills landscape and […]


Are youth moving towards or away from Agriculture?

Analysis of farm and non-farm occupational choices among youth in rural Tanzania The agricultural sector in rural Tanzania is practiced more by elderly people than by the youth. This study examined the determinants of youth occupational choice between farming and non-farming in rural Tanzania. Specifically, the study intended to establish the trend of farming and […]


Extent and Determinants of Women Participation in Agro-Processing Small and Medium Enterprises (SMEs)

The role of women in the promotion of agriculture and industrial development in Tanzania has recently become paramount. The existing studies on the role of women in agriculture sector have dominantly focused on challenges and opportunities and ignored the determinants and extent of their participation in agro-processing sector. This study was therefore set to examine […]


Tanzania’s leather value chain: A review of literature

This paper investigates the leather value chain in Tanzania. Tanzania has large livestock production that potentially provides raw materials for the leather industry but the contribution of the leather industry in the economy is remarkably minimal. Analysis finds that challenges related to inadequate livestock management, limited coordination of downstream and upstream activities, low capacity utilisation […]


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