Never waste a good crisis. How can we recover from the global Corona crisis better than we entered it: with a sustainable economy that works in the interests of everyone and future generations? Do you and your team have ideas on how to overcome the economic recession?
Then sign up for the Nyenrode #RecoveryChallenge and present your solution(s) to an experienced panel of Nyenrode faculty and business executives! This challenge is developed by Full-time MBA student Thomas Iain Harrison-Prentice and organized in cooperation with the JCV.
The Netherlands, like many other countries around the world, is struggling with the global COVID-19 pandemic. Current attention correctly lies on the immediate impact of the crisis on public health and economic stability; however, a recession is standing in front of us, the magnitude of which is only beginning to take shape. Recent stock market losses may only be the foreshadowing of what is to come. In this climate we must look for solutions that address the now, while simultaneously looking towards the future to ask the question: what sort of future society and economy do we want and how can we get there?
Economic policy making since the financial crisis of 2007-2008 has been dominated by quantitative easing to provide liquidity to financial markets and low interest rates to stimulate borrowing. This has had some success, notably in the stock markets flush with cheap money. However, there is now limited scope for further rate reductions. At the same time, not everyone has benefitted: income inequality remains high and growing and environmental sustainability remains an aspiration rather than reality.
Considering the global corona situation:
How do you think that the Dutch government, business, and the society should respond to the growing economic crisis? What do you think is the best way to achieve economic recovery while also improving society and sustainability?
Submissions would have to include:
One-page summary and PowerPoint presentation of the policy suggestion.
Click here to view the kick-off Powerpoint Presentation.