Given that the global economy has experienced a period of prolonged low growth following a major shock, governments and central banks around the world have made every effort to prevent as much as possible the COVID-19 shock from creating "scarring effects," which are long-lasting aftereffects on the economy.
While the reasons for shortfalls can occur for many reasons, one of the more common shortcomings is that the strategy itself was focused too much on market and financial results without adequate attention to the infrastructure necessary to support and sustain the strategy. 1  PricewaterhouseCoopers and the Economist Intelligence Unit, “Governance: From Compliance to Strategic Advantage” (April 2004).