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September 29, 2020

World Economic Forum: Leaders Rally for a 'Great Reset' to Achieve Global Goals

World Economic Forum

World Economic Forum

Photos: Impressions from the Farewell Lunch at the Schatzalp session at the World Economic Forum Annual Meeting 2020 in Davos-Klosters, Switzerland. 24 January 2020. Images provided by & Copyright © World Economic Forum / Mattias Nutt.

Geneva, Switzerland, 24 September 2020 - In the closing session of the World Economic Forum’s fourth Sustainable Development Impact Summit, leaders called for governments, businesses, and civil society to create new kinds of cooperation to tackle COVID-19 and the climate crisis.

To achieve the Sustainable Development Goals (SDGs), diplomats urged leaders to seize the opportunity for a Great Reset; the idea championed by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

The concept of globalization needs to be redefined, said Subrahmanyam Jaishankar, India’s Minister of External Affairs. “If you do an honest stocktaking of this last six or seven months, I don’t think it would be a good report card on most countries in most regions of the world,” he said, adding that the previous focus on trade, investment, and capital flows has to be broadened.

“Corona anywhere is corona everywhere,” he said. Along with issues such as terrorism and climate change, the pandemic forces us to “revise our sense of what is globalization,” he said.

Rania A. Al-Mashat, Minister of International Cooperation of Egypt, echoed these themes, saying of the COVID-19 pandemic: “Everybody has to be part of a collective solution. No country has a silver bullet. All of us had a chance to learn from each other. Despite shortcomings and pitfalls in handling certain things in the pandemic, there have also been a few successes. These successes have given us confidence,” she said.

One of the critical areas where more public-private dialogue and cooperation could be useful is between the United States, Europe, and China. Susana Malcorra, Dean, IE School of Global and Public Affairs, IE University, Spain, said that competition between the United States and China is not the only rivalry of concern. “There are tensions around the world,” she said. “So, what I would suggest is that we need to think about what I would call the best possible scenario, which is a competitive multilateralism,” she said. “We will not have in the foreseeable future a multilateral system based on one member state being in the driver’s seat and essentially having the rest lining up, like it or not.”

Pekka Haavisto, Foreign Minister of Finland, said that while European countries value transatlantic cooperation and share many values - Europe needs to “work with China on the big global issues, to find a global solution.”

The World Economic Forum designed the summit around the five pillars of the Great Reset: Better Business, Catalysing Cooperation, Harnessing Technology, Liveable Planet, and Shared Prosperity.

• Better Business

• Catalyzing Cooperation

• Harnessing Technology

• Liveable Planet

• Shared Prosperity

The World Economic Forum, committed to improving the world’s state, is an International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, and other society leaders to shape global, regional, and industry agendas.

The World Economic Forum convened the fourth Sustainable Development Impact Summit under the theme “Realizing a Great Reset for Sustainable Development.” This virtual summit brought together more than 4,500 leaders from government, business, and civil society from more than 141 countries.

Source: World Economic Forum


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Edited & Posted by the Editor | 12:36 PM | Link to this Post

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