By Prosper Makene
Tanzania President Samia Suluhu Hassan and her counterpart Congo DRC Felix Tshisekedi have joined the German Chancellor Olaf Scholz at the World Economic Forum which commenced on Monday 16th to 20 January in Davos, Switzerland.
German Chancellor is the only leader from G7 countries who attended this year’s forum. However, the heads from more than 40 countries are in Davos including Belgium, Colombia, Ecuador, Finland, Greece, Korea, Pakistan, South Africa and Spain.
Another prominent figures attending the event is former UK Prime Minister Tony Blair and the US’ climate change envoy John Kerry.
However, Tanzania under President Samia will also present its views on how to restart global cooperation, and the country’s strategic dialogue as well as attend a plenary session on powering the world.
The Meeting
The meeting which takes four days will cover a wide spectrum of formats for interaction and learning, giving leaders the necessary tools to address the current complexity and build for the future. They will revolve around the following three archetypes:
Others dignitaries attending the meeting including Chief executives and chairs of the Forum 1,000 Partner companies actively engaged in initiatives and communities such as the International Business Council, Community of Chairpersons and Industry Governors.
Others attending are members of the Global Innovators and Technology Pioneers community, the Community of Global Shapers, the Forum of Young Global Leaders and the Schwab Foundation for Social Entrepreneurship.
Among the agenda, the Davos meeting will address the Current Energy and Food Crises in the context of a New System for Energy, Climate and Nature.
Energy transition and climate change are inextricably linked, with its impact being felt in recent months. While a global energy transition is underway, further action is needed to reduce carbon emissions and mitigate the effects of climate change. Critical measures to accelerate energy transition include decoupling economic growth from energy consumption, particularly in emerging economies, mainstreaming breakthrough technological innovations and addressing equity. Rather than using the ongoing crisis as a pretext to forego policies that support the transition to more sustainable energy sources, this moment should be utilized to develop more ambitious, comprehensive, and sustainable infrastructure investment plans that helps the world to meet the 2030 targets.
The meeting will also address the Current High Inflation, Low Growth, High Debt Economy in the context of a New System for Investment, Trade and Infrastructure.
The Davos meeting will therefore addressing the Current Industry Headwinds in the context of a New System for Harnessing Frontier Technologies for Private Sector Innovation and Resilience
Industries are being forced to reassess their investment, production and innovation decisions with the advent of the Fourth Industrial Revolution (4IR), climate change and geopolitical fragmentation of recent years. To navigate the current friction points and to strengthen future competitiveness, companies will need to foster emerging technologies of 4IR as well as optimize for agility. They will also need to realize stakeholder capitalism through core business and operating models not only to drive resiliency today but also to shape the future socio-enviroeconomic prosperity. To do so successfully, collaboration must be strengthened across increasingly diverse ecosystems, including competitors, companies in other industries and innovators.
Addressing the Current Social Vulnerabilities in the context of a New System for Work, Skills and Care.
Official statistics show that despite a growing global economic crisis, workers are continuing to leave – or considering leaving – their jobs. Notwithstanding high numbers of unfilled jobs and tight labour markets across many of the world’s biggest economies, real wages are also declining across many job categories in the midst of a cost-of-living crisis. In parallel, emerging markets are facing pressure of significant unemployment driven by the economic slowdown, leading to heightened social pressure. This moment calls for a new social contract that supports strong investment in education, skills and healthcare that fills unmet demand, lays the ground for social mobility and ultimately future-proofs economies.
The meeting will also address the Current Geopolitical Risks in the context of a New System for Dialogue and Cooperation in a Multipolar World.
The meeting will also enable the Forum’s Global Collaboration Village, a pioneering effort to further scale public-private cooperation on the world’s foremost challenges utilizing immersive digital environments.
