EBRD Report Explores Global Economic Transformation’s Impact on Individuals

EBRD Report Explores Global Economic Transformation’s Impact on Individuals

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has released a report titled “Transitions big and small,” examining how the profound structural changes in the global economy are affecting people’s lives, livelihoods, and living conditions in EBRD regions. The report delves into significant shifts like the move toward sustainability, changes in global supply chains, and the competition for essential raw materials in digital and green economies. Drawing from unique data gathered in the 2022 and 2023 Life in Transition Survey, the report investigates how these macro-level transformations manifest as “small transitions” in individuals’ lives, including career shifts, health changes, housing upgrades, and overall life satisfaction. The discussion on this report featured notable experts, including representatives from Volvo Cars, the OECD, and the EBRD, offering valuable insights into these critical global developments.

(PRESS RELEASE) LONDON, 21-Nov-2023 — /EuropaWire/ —

The discussion features

• Charlotta Källbäck, Head of Internal Audit, Volvo Cars
• Sandra Bates, specialist on mining and clean energy with Executive and non-Executive Director experience
• Mark Keese, Head of the Skills and Employment Division, OECD
• Professor Beata Javorcik, Chief Economist, EBRD

Moderated by Jonathan Charles

The report entitled “Transitions big and small” discusses the ways in which the deep structural transformation of the global economy is impacting the lives, livelihoods and living conditions of people across the EBRD regions. It focuses on important “big transitions” such as the shift towards a sustainable economy, the reconfiguration of global supply chains, and the scramble for the raw materials required by the digital and green economies.

The report uses unique data from the fourth round of the Life in Transition Survey, a household survey conducted in 2022 and 2023, to see how these macro-level trends translate into “small transitions”: career moves, changes in physical and mental health, the refurbishment of housing and – ultimately – changes in people’s satisfaction with life.

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SOURCE: EBRD