Economic Growth in the Post Pandemic World

As the global economy recovers from the Covid pandemic, there are many areas of uncertainty. But some industries and sectors seem poised for a period of extraordinarily rapid growth, as explains Michael Spence, Nobel Prize in Economics in 2001 and Professor of Economics at Bocconi, in one of the new Future World masterclass series. Specifically, in sectors with a combination of technological possibilities, available capital, and high demand for creative new solutions, conditions will be highly favorable for investment and new company formation.

Future World is a new series of video masterclasses, promoted by Bocconi together with Financial Times, with Bocconi professors and prominent guests discussing the megatrends and forces at work shaping the post-pandemic world and impacting the economy, climate change, digital transformation, population change and European politics.

In the video, Michael Spence gives his outlook on where we should look for growth in the coming years and what growth patterns and dynamics will look like in the post pandemic world. His three leading candidates for growth are the application of digital technologies across the entire economy, biomedical science and its applications in healthcare and beyond, and technologies that address the various challenges to sustainability, especially those associated with climate change. His guest Fred Hu, Chairman of Primavera Capital Group, gives some insight into what he is seeing in terms of growth and entrepreneurial activity in China and across Asia.