Davos meet to identify ‘inclusive’ approach to globalization

Davos meet to identify ‘inclusive’ approach to globalization

Agency News

New Delhi, Jan 19 : More than 3,000 leaders from business, government and civil society from over 110 countries would descend on Davos-Klosters in the Swiss Alps next week to discuss the growing need for inclusiveness amid disruption and instability brought on by technology and the realignment of geo-politics and economics.

"Globalization produces winners and losers and there are many more winners in the last 24, 25, 30 years — but now we have to look after the losers, after those who have been left behind," says Klaus Schwab, executive chairman of the World Economic Forum.

"We have to define a new approach to globalization which is more inclusive."
The main theme of this year's World Economic Forum meeting, beginning on Tuesday, is "Globalization 4.0: Shaping a New Architecture in the Age of the Fourth Industrial Revolution."

The WEF in a statement said the annual meeting will be looking to identify new models for peace, inclusiveness and sustainability to suit a world where further global integration is inevitable and where existing models of global governance struggle to foster concerted action among the world’s powers. (UNI)