48th World Economic Forum Annual Meeting – Shaping Global, Regional and Industry Agendas
The world is rapidly changing and a large number of countries are investing in technology, trade and innovation with the help of different production techniques. Whether you are running an e-commerce website or a website having online applications, artificial intelligence and robotics can make a rapid change. Internet is a place of rapid changes, where you can find several ways to develop your presence and stimulate economic growth. The 48th World Economic Forum Annual Meeting aims to educate the individuals from all walks of life to develop a shared narrative, as it helps in improving their country’s economy to a great extent.
Non-Profitable Foundation engaging world leaders
WEF, based in Cologny, Geneva, Switzerland is a non-profit foundation and recognized by the Swiss authorities as an international body. The goal of this foundation is improving the world by engaging business, political, academic and other leaders of the society. It is not limited to some specific countries, instead shapes to global, regional and industry agendas.
Maximum advantage with new production techniques
This annual meeting will be held January 23 to 26 is an exceptional opportunity for a number of countries to take maximum advantage of their emerging technologies. It is very important to influence manufacturing and move one or more steps above than the economies of other countries, which have a greater production capacity. World Economic Forum (WEF) released a report on Friday that the economy of UAE is well-positioned for the future in terms of technology, trade, human capital and innovation. Driven by emerging technologies like robotics and additive manufacturing, the aim is to develop new production techniques and business models in order to increase the production.
Economic stable countries facing competition
Several high-potential economies including, Australia, Norway and Hong Kong could make their mark above than India, Mexico, Philippines and other countries due to their developed region. Despite their strong manufacturing base, a number of countries are at a risk for their future due to weaker or unimproved performance in the area of innovation. Several economic stable countries may face strong competition that haven’t a large manufacturing base or lacking in terms of innovation.
Develop a wise economic strategy
To succeed and overtake biggest economies in the world, states like UAE needs to make investment both internally and at the international level. Every growing country should improve the technology to earn a higher place in the world’s economy. To improve the new methods of production, it is essential to hire a new workforce that has the ability to meet the goals of production. In the growing and production changing world, each country needs to develop a strategy and wise economic decisions for the future of production. In the upcoming World Economic Forum Annual Meeting, several popular industry and political names are expected to make their presence.
The forum also has their offices in New York, Beijing and Tokyo. Since October 2016, they announced the opening of their new Center in San Francisco for the Fourth Industrial Revolution. The fourth center is serving as a platform for interaction, insight and impact on the scientific and technological changes. According to the forum, this is necessary to change the way we live, work and relate our economic growth to each other.
ERC delegation will again be a part of forum
For the sixth time, The ERC delegation will be the part of World Economic Forum Annual Meeting. They will consist of ERC President Prof. Jean-Pierre Bourguignon, Prof. Flemming Besenbacher, Aarhus University (DK), Chairman of the Supervisory Board, Carlsberg A/S, Prof. Ben Feringa, Nobel laureate in Chemistry (2016), University of Groningen (NL), Prof. Anne Magurran, University of St Andrews (UK), Prof. Yadvinder Malhi, University of Oxford (UK), Prof. Erika von Mutius, Ludwig Maximilian University of Munich (DE), Prof. Jeremy O’Brien, University of Bristol (UK), Prof. Sir Christopher Pissarides, Nobel laureate in Economic Sciences (2010), London School of Economics (UK), University of Cyprus (CY), Prof. Hélène Rey, London Business School (UK), Prof. Johan Rockström, Executive Director, Stockholm Resilience Centre (SE), Prof. Maja Schlüter, Stockholm Resilience Centre (SE) and Prof. Martin Vetterli , President of the Swiss Federal Institute of Technology Lausanne (CH).
Politicians & other leaders are expected to participate
According to the International reports, French President Emmanuel Macron is expected to speak in the forum on January 24. It is also confirmed that US President Donald Trump will be a part of the meeting. This news is delivered from the side of White House. Czech Prime Minister Andrej Babiš will also participate in the World Economic Forum Annual Meeting in Davos on January 24 and 25. Over 100 countries will participate. Moreover, 2,500 leaders from different industries and sectors are expected to participate, such as business, government, international organizations, civil society, academia, media and the arts.
- Most of the attendants list is kept private, but the female list of 2018 forum includes:
- Christine Lagarde, Chief International Monetary Fund
- Ginni Rometty, CEO IBM
- Erna Solberg, Prime Minister of Norway
- Sharan Burrow, General Secretary of the International Trade Union Confederation (ITUC) in Belgium
- Fabiola Gianotti, Director General of the European Organization for Nuclear Research (CERN) in Geneva
- Isabelle Kocher, CEO ENGIE Group
- Chetna Sinha, Founder and President of Mann Deshi Mahila Bank and Mann Deshi Foundation, India
Focus on creating a shared future
The World Economic Forum Annual Meeting brings together the leading personalities of business, states, international organizations, institutions and civil society.
Undoubtedly, it is the beginning to discuss different challenges related to the global or regional agendas of industry. Like previous 47 meetings, the January 2018 meeting will have the same focus on creating a shared future. The annual meeting should rededicate the heads and leaders from all walks of life to develop a shared narrative, in order to improve the economy of their state as well as the whole world. The meeting should be focused on making a better future and shaped with the aspects of collaboration.
The forum also aims to produce a series of research reports and participates in an extensive number of initiatives to provide support in tackling global challenges through both public and private sector collaboration.