World Economic Forum

The World Economic Forum WEF, based in Cologny-Geneva, Switzerland, is an NGO, founded in 1971. The WEF’s mission is cited as committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”. It is a membership-based organization, and membership is made up of the world’s largest corporations. The WEF hosts an annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 3,000 business leaders, international political leaders, economists, celebrities and journalists for up to five days to discuss global issues, across 500 public and private sessions

Mastering the Fourth Industrial Revolution

  • First Industrial Revolution – transport and mechanical production revolution 18th century
  • Second Industrial Revolution – the mass production revolution 19th century
  • Third Industrial Revolution – digital revolution 1960s
  • Fourth Industrial Revolution – artificial intelligence, autonomous vehicles and the internet of things are merging with humans’ physical lives

There are three reasons why today’s transformations represent not merely a prolongation of the Third Industrial Revolution but rather the arrival of a Fourth and distinct one: velocity, scope, and systems impact. The speed of current breakthroughs has no historical precedent. When compared with previous industrial revolutions, the Fourth is evolving at an exponential rather than a linear pace. Moreover, it is disrupting almost every industry in every country. And the breadth and depth of these changes herald the transformation of entire systems of production, management, and governance

Responsive and Responsible Leadership

The future is becoming a burden young people are indebted with, rather than a public good to inherit. This is true in Europe and the United States. Each of us would wish to receive from our parents at least as much and as good as they had, as philosopher John Locke put it already 300 years ago. In the past decade, households in 25 advanced economies that experienced falling or flat disposable income were 10 times more numerous than in the period between 1993 and 2005. Today’s generation of twenty-somethings is likely to end up poorer than their parents. Not coincidentally, a survey conducted by Facebook in the United States found that, for most millennials, being successful in life mainly means being debt free

Creating a shared future in a fractured world

International collaboration as a way of solving critical global challenges. The plan is to bring together global economic and political leaders to find collective actions and collaborative approaches to solving global problems. The aim of the meeting will be to set an agenda that drives greater multi-stakeholder collaboration to address political, economic and societal challenges of our times

Globalization 4.0: Shaping a Global Architecture

A new phase of globalization driven by shifts in technology, geopolitics, and social and environmental needs, it will require concerted governance from multiple levels: corporate, national and international. The programme also focusses on six critical dialogues: geopolitics in a multiconceptual world, the future of the economy, industry systems and technology policy, risk resilience to promote systems thinking, human capital and society, and global institutional reform

Stakeholders for a Cohesive and Sustainable World

The Davos Manifesto 2020 provides a vision for stakeholder capitalism that touches on a range of important issues of our time, including fair taxation, zero tolerance for corruption, executive pay and respect for human rights. this year’s programme focuses on achieving maximum impact on the Forum’s platform for public-private cooperation across six core areas of activity: Ecology, Economy, Society, Industry, Technology and Geopolitics

The Fourth Industrial Revolution 2016 by Klaus Schwab, www.weforum.org

www.weforum.org