Global human development, which can be measured as a combination of the worlds education, health and living standards, could decline this year for the first time since the concept was introduced in 1990, the United Nations Development Programme (UNDP) warned today. UNDP experts have prepared a document on the current impact of COVID-19 on human development and proposed a Framework for the immediate socioeconomic response.
The report was prepared as a result of the event «Russian-Finnish Cooperation in the Field of Sustainable Development in the Arctic Region» as part of the ThinkArctic Project, organized by the Roscongress Foundation, the Center for Comprehensive European and International Studies, and the Analytical Center for the Government of the Russian Federation.
While businesses run by older adults have struggled to acquire market share and position, an entrepreneurial generation Y has grown up in the country. Millennials are doing business in Russia because they believe in the opportunities here, but they also think on a global scale.
The joint study held by EY and SKOLKOVO Independent Directors Club is a survey of board members of 30 Russian companies to assess the impact of the COVID-19 pandemic on corporate governance practices and the strategic context of companies operating in crisis.