Great Reset

The Great Reset is a multi-stakeholder initiative launched in 2020 by the World Economic Forum (WEF) in response to the COVID-19 pandemic. The initiative aims to "reset" the global economy and society by addressing systemic inequalities and promoting sustainable and inclusive growth. The Great Reset calls for a fundamental rethinking of the global economy, society, and the relationship between the two. It advocates for a more sustainable and equitable future through public-private cooperation, technological innovation, and a focus on stakeholder capitalism. The initiative has sparked significant debate, with supporters viewing it as a necessary evolution of global governance and critics expressing concerns about potential overreach and centralization of power. In Hebrew, the term is translated as התייעלות הגדולה. Other relevant translations include Gran Reinicio in Spanish, Grand Réinitialisation in French, and Großer Neuanfang in German.