Implications of globalization Let me begin by focusing on the implications of globalization for economic growth. The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.
This will support a sustainable economic recovery from the Covid-19 impact in all EU countries. In terms of social bonds, the EU SURE programme to mitigate unemployment risks in an emergency is another driver. The EU plans to raise up to € 100 billion by 2021 in social bonds.