16–20 January 2023
The Annual Meeting convenes leaders from government, business, and civil society to address the state of the world
Africa.com Chair & CEO Teresa Clarke, will be reporting from Davos.
In many parts of the world, the worst of the COVID-19 pandemic seems to be over and lives are back to pre-pandemic normal. This is not the case for everyone, however. The shadow cast by the pandemic is long and still defines the lives of children, especially in low-and middle-income countries of the world. Here are some examples of how: In the first two years of the pandemic, 100 million more children fell into poverty, a
In 2022, we were presented with several stunning developments in artificial intelligence (AI). Some believe that these advances push the limits of what we have now (narrow AI) towards the holy grail of artificial general intelligence (a machine that can mimic the thinking and problem-solving capacities of humans but faster and more accurately). Among the many developments in 2022, four breakthroughs are of note and will be significant in 2023 and beyond both within the
In India, farmer Saravanan Madhavan digitally connects with buyers to sell his crops. Payments are credited to his account the same day. It’s a welcome departure from how other farmers like him get paid: often late and only partially. Buyer Ramesh Kumar once trekked through fields to find farmers. Now, technology helps him locate and purchase the exact produce he needs at the best price, saving him time and money on travel. For farmers, and
It was 20 years ago, when the SARS outbreak exposed key fragilities in the global healthcare supply chain, that people internationally began to talk seriously about pandemic preparedness. Eight years ago, when the Ebola outbreak proved the world no better prepared to address outbreaks, there was more talk and some action. This included the founding of the Pandemic Supply Chain Network (PSCN), by the World Health Organization, World Economic Forum, World Bank, World Food Programme,
The metaverse represents the next quantum leap forward. It promises to change how we socialize, play, learn and shop and will also heavily influence how we work. It promises big impact – as a $5 trillion industry by 2030 and with a positive, “breakthrough” or “transformational” effect on work, according to industry experts. Whilst there are challenges of a shared, persistent, real-time 3D internet, opportunities to revolutionize the world of work are everywhere. 1. Rethinking employee onboarding The showdown for top talent in
Looking ahead in 2023, economic uncertainty looms large, as ongoing and overlapping global crises – from the COVID-19 pandemic to the war in Ukraine to the relentless effects of climate change – risk paralyzing progress. In times of such upheaval, maintaining the status quo can seem like the sure path. But it is in these moments that we need boldness more than ever. Reaching net-zero by the end of the decade requires ambitious commitments and
The impact of sustainable investment. Foreign direct investment (FDI) can play an important role in delivering the 2030 Agenda for Sustainable Development. Investment flows help advance a nation’s development by bringing capital, employment, export opportunities, greater consumer choice, advanced technologies, managerial experience and overall economic growth. In 2017, 70 economies started a process at the World Trade Organization (WTO) with the goal to develop a new agreement on Investment Facilitation for Development. Three years later, negotiations were launched
As we enter 2023, with the World Economic Forum’s Annual Meeting in Davos taking place under the banner of “Cooperation in a Fragmented World”, the future of global trade and investment is murky. Geopolitical tensions and industrial policy have cast a long shadow on economic openness. Teetering on the brink of a painful downturn, the global economy and broader society need evidence that we can work better together. The importance of trade and investment in delivering growth,
Alex Karp shares with Carlyle Group founder David Rubenstein how he leads Denver-based analytics company Palantir Technologies. This thoughtful, wide-ranging and often funny conversation covers his non-traditional background, the company’s capabilites and what’s ahead for the economy in 2023, to Karp’s hair and why he lives in a backwoods shack in New Hampshire. Karp explains how he went from law school, into philosophy until finally teaming up with superstar investor Peter Thiel to start Palantir.
We are living through the most rapid period of intense technological innovation in human history, which in turn is providing us with the tools to help business and government navigate the uncertain times ahead. Digital technologies enable efficiency, helping heavy industries reduce emissions by up to 20% of their net-zero goals. The same technologies will ultimately provide billions of people with access to health, education or financial services for the first time. In another incarnation, these technologies can
Does tech need a new business model? How will computing power drive the energy transition? What’s ahead for the tech skills gap? In a special conversation, the CEO of Microsoft talks to Klaus Schwab, World Economic Forum Founder and Executive Chairman, talk tech trends, AI, cybersecurity, economic growth and three trends driving the future of remote work. This is the full audio of the session of the conversation recorded at the Annual Meeting in Davos,
On today’s Radio Davos, co-hosted by ‘Exponential View’ writer, author and podcaster Azeem Azhar, UN Secretary-General warns of a ‘great fracture’ in the world, Lithuanian Foreign Minister Gabrielius Landsbergis tells us the war in Ukraine affects the whole world. We talk to Caroline Casey of the disability inclusion campaign Valuable 500 and tour the art exhibition bringing the voice of refugees to Davos. “It is essential for the two countries to have meaningful engagement on
This insight report highlights the experiences and perspectives of 11 industrial clusters that are a part of the Transitioning Industrial Clusters towards Net Zero initiative. These clusters, despite facing unique geographical, infrastructure, policy and sectoral challenges, have all developed comprehensive strategies to rapidly and equitably decarbonize their operations. The report focuses on four key areas for achieving this transition: partnerships, policy, financing and technology. Each cluster has adopted a balanced set of targets and strategies
The next era of the internet is coming. The metaverse is an immersive, interoperable and synchronous digital world that will change how we interact, work and play. In May 2022, the World Economic Forum launched the Defining and Building the Metaverse Initiative, whose goal is to bring together major stakeholders from academia, civil society, government and business to advance consensus and create a metaverse that is economically viable, interoperable, safe, equitable and inclusive. The initiative is
The metaverse is coming: an immersive, interoperable and synchronous digital world that will change how we interact, work and play. In May 2022, the World Economic Forum launched the Defining and Building the Metaverse Initiative, whose goal is to bring together major stakeholders from academia, civil society, government and business to advance consensus and create a metaverse that is economically viable, interoperable, safe, equitable and inclusive. The initiative is divided into two workstreams: governance and economic
At the opening ceremony of the World Economic Forum Annual Meeting 2023, meet the winners of the 28th Annual Crystal Awards. This year’s awardees are four exceptional cultural leaders who are being honoured for their work to promote environmental conservation, food security, climate change, mental health and education. Speakers: Hilde Schwab, Sabrina Dhowre Elba, Maya Lin, Renée Fleming, Idris Elba 00:00 – Introduction from Klaus Schwab02:59 – Hilde Schwab03:59 – Maya Lin Presentation10:51 – Renée
Actor, filmmaker and humanitarian, Idris Elba, and his wife, model, actress and humanitarian, Sabrina Dhowre Elba, were appointed UN Goodwill Ambassadors for IFAD in April 2020. As IFAD Goodwill Ambassadors, they focus on issues related to food security, climate change and environmental conservation. The couple recently visited an IFAD-supported project in Sierra Leone, where they met farmers who received support for rice production and assistance with rural finance after the Ebola crisis. Queen Elizabeth II
Highlights from Day 1: Chief economists: Prospects for growth are bleak. The World Economic Forum’s Chief Economist Outlook, which was released today, painted a significantly gloomier outlook for 2023 than most economists thought just three months ago. Almost two-thirds of the Forum’s community of Chief Economists forecast a global recession in 2023, more than double who thought the same in September. Businesses are expected to cut costs significantly, with 78% of economists in the survey
Welcoming Remarks and Special Address from Klaus Schwab at Davos 2023. The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/Facebook ► https://www.facebook.com/worldeconomi…YouTube
The January 2023 Chief Economists Outlook is published amid continuing economic uncertainty and challenges of historic proportions. As the world puts another tumultuous year behind it, governments, businesses and households will all have to grapple with persistent headwinds throughout 2023. Financial conditions remain tight, with little scope for significant loosening, despite much of the world economy being at risk of recession. However, according to the latest survey of the World Economic Forum’s Community of Chief
The world today is at a critical inflection point. The twin triggers of the COVID-19 pandemic and the war in Ukraine rattled an already brittle global system. Economic growth in the world’s largest economies is stalling, while navigating headwinds from rising food and energy prices. For the first time since the 1970s, the world is facing a precarious disequilibrium with growth and inflation moving in oppositive directions. This is occurring alongside heightened geo-economic fragmentation, financial
Burnout at work is a widespread and growing problem worldwide. A survey of 10,000 knowledge workers showed that 70% had experienced work burnout in the past year. This picture can help assess burnout at work. It features 8 matchsticks in a row, each more charred than the last. The scale is called the Muir Matches Measure created by Prof. Cindy P. Muir (Zapata). Organizations are using it to find out how their workers are feeling.
Meeting our climate change goals will require massive investments in clean energy projects, in both advanced economies and across the Global South. But financing projects in the latter group of countries requires an increase in foreign capital in-flows that will be constrained by currency exchange rate risk. Creating an innovative exchange rate coverage facility can help to overcome this constraint. Over the coming two decades, annual energy emissions across the Global South (not counting China)
Tensions Peak between Urgent Cost of Living Crisis and Sustainable Climate Action Conflict and geo-economic tensions have triggered a series of deeply interconnected global risks, according to the World Economic Forum’s Global Risks Report 2023. These include energy and food supply crunches, which are likely to persist for the next two years, and strong increases in the cost of living and debt servicing. At the same time, these crises risk undermining efforts to tackle longer-term risks, notably those related to
Moderated by Teresa Clarke
Chairman and Executive Editor, Africa.com
January 17, 202317:30–18:15CET
The ongoing disruptions have underscored the crucial importance of manufacturing for the health of the global economy and well-being of society.
What will manufacturing look like by 2030 and what role will it play?
Minister of Industry and Mineral Resources, Ministry of Industry and Mineral Resources of Saudi Arabia
Head, Shaping the Future of Advanced Manufacturing & Value Chains; Member, ExCom, World Economic Forum Geneva
President and Chief Executive Officer, Siemens AG
Chief Executive Officer, Anheuser-Busch InBev NV
Managing Director, Singapore Economic Development Board (EDB
Governor of the State of Michigan, United States Office of the Governor