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Restarting economies: Benefits of the bottom-up approach
A protester wears a shirt that calls for “Freedom instead of compulsion for Switzerland and for the world.” The country’s decision to give businesses freedom in deciding how to reopen – in stark contrast to many of its European peers – has led to a sharp increase in productivity over the last several months (source: Getty Images)
General info
What's inside
- Top-down restart initiatives push out private investment
- They also make businesses dependent on handouts
- Allowing businesses to decide for themselves creates variation
- The resulting competition reinvigorates an economy
Who will benefit?
- Decision makers interested in Europe’s varying economic restart strategies
- Policymakers dealing with economic reopening
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