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Top Highlights from World Economic Forum 2017
By admin January 27, 2017

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Three most expected points of this year’s agenda

During the opening event of the forum, China’s president Xi Jinping made a plea for globalization in the opening speech. He was the first leader of the People’s Republic of China to come to the conference since Jiang Zemin, in 1979.

Social inclusion is one of the key aspects that Klaus Schwab, founder of the Davos forum, wishes to address during the event. By addressing this issue, Davos is establishing itself as a forum that betters the sate of the world. In order to achieve this goal, inclusive growth was one of the main points of the 2017 edition. In light of Oxfam’s report on inequalities, the aim is to reduce these inequalities through social inclusion.

The skills revolution was a major aspect of this year’s series of conferences. This is a global challenge, for developed and developing nations in the world. Understanding how to keep labor up to date with technologies.

Key Achievements of this year’s forum

The World Economic Forum emphasizes that Davos forums are not just an opportunity for businesses and policy-makers to meet. It also supports United Nations Sustainable Development Goals through projects. Here are the notable projects designed in Davos:

  • The Norwegian government launched a fund that will raise $400 million and protect 5 million hectares in countries working to reduce deforestation and forest and peat degradation. Through forest preservation, this fund aims at stimulating economic growth and creating jobs.
  • A Coalition for Epidemic Preparedness Innovations (CEPI) was launched. It aims at creating vaccines quickly in order to better the response to epidemics once an outbreak occurs.
  • The coalition to protect the world’s oceans and marine resources: a team effort of the Forum and the University of California and Santa Barbara’s Marine Science institute.
  • The Forum mobilized a public-private coalition to build a responsible, inclusive and sustainable battery supply chain. Addressing issues such as child labor, health, and safety hazards for workers and environmental impacts and life-cycle sustainability.
  • Over 40 governments and businesses endorsed a plan to increase global recycling rates for plastic packaging from 14% to 70%.
  • Social Entrepreneur Gary White of water.org, co-founded with Matt Damon, announced a major new $1.2 million partnership with Stella Artois to help provide clean water to 3.5 million people.
  • Good Weave International, another social enterprise, announced a new international program, Sourcing Freedom, to stop modern slavery in supply chains. The program is backed by a number of global businesses.
  • Agreements were established on six principles to better enable digital cash payments in crisis-affected populations.
  • 100 leading businesses signed the Compact for Responsive and Responsible Leadership. The Compact is a corporate governance framework with a focus on the long-term sustainability of corporations and the long-term goals of society.

Davos 2017 as a picture of today’s world order

  • With Xi Jinping’s intervention in Davos, China is taking on a leadership role in the international arena. In his address, the president of China said that: Many of the world’s problems are not caused by economic globalization”.
  • A question remains on the future role of the United States in international relations. With Donald Trump’s election as 45th president, we turn the page on America, as it was for the past eight years.
  • The British Prime Minister came to Davos to outline Brexit. This opened a broader question on the future of the European Union, as there is a growing defiance on Brussels within Europe.
  • Discussions are rising on the “New World Order” as a geopolitical shift and the rise of populism are both phenomenon that are being observed. This point was discussed on several occasions during Davos 2017 discussions.
  • It appeared during this conference that, there is a plea by China and International Organizations such as the IMF, in favor of globalization as a rising percentage of the world’s population is tempted by protectionism. Brexit and Donald Trump’s election are both the manifestation of this growing trend.
  • Christine Lagarde, Managing Director of the IMF said, during the conference that to “to turn our back on globalization, to turn our back on helping development, is exactly the wrong approach”.

Read More:

The biggest stories from Davos 2017

10 achievements from Davos 2017

Article in La Tribune on Davos 2017


Thanks for sharing !


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