After a gap of almost two-and-a half years, the World Economic Forum Annual Meeting will be held in Davos, Switzerland, with a host global leaders, including those from India, expected to discuss the Ukraine crisis, climate change, and other issues that affect the world.
The annual powwow, which attracts the most powerful and wealthy people from all over the globe, will open with a reception on Sunday evening. It will continue until Thursday, May 26.
Among the many other world leaders who are scheduled to speak are President Volodymyr Zelensky of Ukraine, President Ursula von der Leyen of the European Commission, and German Chancellor Olaf Scholz.
Three Union ministers, Mansukh Manviya, and Hardeep S Puri, as well several state leaders, including Basavraj S. Bommai, Y S Jaganmohan Reddy and KT Rama Rao, respectively, from India. Also, Aditya Thackeray (Maharashtra) and Thangam Tnarasu will be here discussing key issues over six days.
More than 50 heads of state and government are expected to attend this year’s meeting. Usually, it takes place in January when the small town is completely covered in snow. But this time, it is taking place during sunny weather.
The annual meeting of 2021 couldn’t be held physically. However, the 2022 one had been postponed by the Covid pandemic.
The World Economic Forum (WEF), stated that the Annual Meeting 2022 would be focused on ‘history as a turning point’, which will be the summit’s theme.
The discussion will focus on government policies and business strategies, against the backdrop of the global epidemic, the war in Ukraine, as well as geo-economic challenges.
The meeting takes place at a strategic spot where global leaders and public figures meet in person to reconnect, share insights, gain fresh perspectives, and develop solutions.
The WEF stated that the meeting’s main objective is to accelerate progress, make an impact on global challenges and improve the world.
After a two-and a-half year hiatus, the meeting will gather nearly 2,500 leaders from around the world, all of whom are committed to the “Davos Spirit”, which aims to improve the state of the planet.
The unprecedented global context, which includes deepening global frictions, fractures, and a once in a century pandemic, calls for purposefulness and resolve. The WEF stated that the meeting’s goal is to meet these challenges.
The World Economic Forum stated that it has increased its impact initiatives over the past two-years, which address issues such as COVID-19, climate change, education, technology, and energy governance.
These include the Reskilling revolution, which aims to provide 1,000,000 people with better education, skills, and jobs by 2030; an effort on universal environmental, socio and governance (ESG) metrics to measure stakeholder capitalism; 1t.org to protect trees and forests, and restore the planet’s eco-systems; and 1 trillion trees initiative, 1t.org.
The world is at a crucial turning point. Global business and government leaders need collaboration to develop long-term strategies and policies to revitalise the economy, strengthen the Fourth Industrial Revolution progress and tackle climate change. This is according to the WEF which describes itself as an international organization for public-private partnership.
“The Annual Meeting is the first summit to bring together global leaders in this new situation, which is characterised by a multipolar world that has emerged from the war and pandemic.
Klaus Schwab, World Economic Forum’s Executive Chairman and Founder, said, “The fact nearly 2,500 leaders from politics and business come together in person shows the need for an informal, trusted and action-oriented platform global to confront the issues in crisis-driven world.”
The meeting’s theme was influenced by several priorities and issues. They will determine the future of the country and the world in the years ahead.
The programme will be centered on six thematic areas. These include how to foster regional and global cooperation; how best to restore stability in an era of geopolitical tension and conflict; how can we advance trade, prosperity and partnerships; as well as how do we secure economic recovery and shape a new period of growth.
These include how stabilize the real economy and financial system and how to determine the future growth, globalisation, and development.
They will also discuss how to get beyond the health emergency phase and rebuild in its wake, strengthening health resilience for future threats, as well as investing and creating good jobs, living wages and skills, and not forgetting to redefine stakeholder capitalism in a new context.
More than 1,250 leaders from private sector will participate, along with nearly 100 Global Innovators and Technology Pioneers — some of the most promising tech and biz start-ups and scaling-ups in the world.
More than 200 leaders from NGOs and social entrepreneurs will represent civil society. They will also be representing academia, labour organisations and faith-based and religious organizations.
The Forum’s Young Global Leader community will also be present at the Annual Meeting. 100 participants are expected to be younger generations.
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