An article from the IMF Blog on 'Getting Back to Growth.'
Excerpt:
"Ensuring an efficient reallocation of resources while protecting vulnerable groups can support a strong recovery. This can be achieved in multiple ways, including by:
- Ensuring that capital in failed firms is quickly put to more efficient use, through policies such as improved insolvency and restructuring procedures.
- Promoting competition to enable the exit and entry of firms to help curb market power.
- Supporting displaced workers, by gradually refocusing policy support from retention to reallocation, to facilitate adjustment to the new normal as the recovery gains speed. Efforts to reskill workers, including through on-the-job training, will also help support inclusiveness as well as boost human capital and strengthen potential growth.
Finally, to reap the benefits for productivity of investment in intangibles, ensuring adequate access to financing for viable firms is essential."
https://blogs.imf.org/2021/06/10/getting-back-to-growth
Image credit - IMF Blog
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