Edwin: The next Davos annual meeting focuses on “World Renaissance”
It is planned to be held in January next year.
“A sharp economic recession has begun, and we may be facing the worst depression since the 1930s.” Recently, David Aikman, Chief Representative of the World Economic Forum (Davos Forum) Greater China, was accepting the Beijing News. Financial reporter said in an interview.
The Davos Forum, with the purpose of studying and discussing the problems in the world economy and promoting international economic cooperation and exchanges, is known as the “Economic United Nations” and the “World Economic Weathervane”. However, affected by the epidemic, the 2020 Summer Davos Forum had to be postponed. A few days ago, Professor Schwab, the founder and executive chairman of the Davos Forum, authorized Mr. Edwin to accept an exclusive interview with Beijing News Shell Finance. When talking about the expectation of economic recovery, Edwin pointed out that the overall consensus among experts is roughly: economic recovery is likely to be long-term and slow, and U-shaped may be the best situation.
Edwin further pointed out that people need not be too afraid of economic stimulus policies. Of course, stimulus policies alone are not a panacea. The best way is to establish a rationally structured and targeted expenditure plan. The current global health crisis has exposed long-standing rifts in the global economy and society. The public and private sectors need more in-depth cooperation. In addition to jointly responding to the epidemic crisis and realizing “world rejuvenation,” all countries around the world need to form a common understanding and action for future sustainable development. At the Winter Davos Forum to be held in January next year, global political and economic leaders and young representatives will conduct consultations and discussions on these issues.
Beijing News Shell Finance: Will the next World Economic Forum be held as scheduled, or will it be cancelled or moved online?
Edwin: We plan to hold the 2021 World Economic Forum Annual Meeting in January next year, with the theme “The Great Reset” (The Great Reset). This annual meeting is a unique “double summit”: If travel conditions return to normal, the world’s major government leaders and business leaders will have the opportunity to gather in Davos, Switzerland. At the same time, it will be in the form of a global multi-stakeholder summit, where the younger generation of participants will promote the “World Renaissance” dialogue beyond the boundaries of traditional thinking and truly face the future.
To this end, the World Economic Forum will attract thousands of young people from more than 400 cities around the world, who will connect with each other through the Internet and interact with political and economic leaders in Davos. At that time, all dialogues will be open to the outside world, and all interested people will be included in the dialogue, so that the annual meeting will be open to everyone.
The Beijing News Shell Finance: Does the theme of the next Davos summit mean economic recovery? In addition to economic aspects, what other important issues are there?
Edwin: In the context of the new crown epidemic, the mission of “World Renaissance” includes renewing the job market, restoring growth, rethinking the direction and priorities of the economy and society, thinking about the nature of business models, and promoting the sharing of global resources. The agenda of “Global Renaissance” consists of three main parts: 1) Leading the market towards a fairer direction; 2) Ensuring that investment promotes common goals such as equality and sustainability; 3) Leveraging the innovations of the Fourth Industrial Revolution To support the public interest, especially in response to health and social challenges.
Of course, economic recovery is the main issue on the table. However, since some countries have used the impact of the new crown epidemic as an excuse to weaken investment in environmental protection and other sustainable development, we need a framework to ensure that social and environmental progress will not lag behind economic development in the reconstruction phase.
Beijing News Shell Finance: In the reconstruction process in the post-epidemic era, how should the priorities of economic recovery and social development be balanced?
Edwin: This health crisis has revealed the long-standing rift between our economy and society. Is it to choose public health or economy? There is now a risk of choosing between the two. We have also seen some signs that some countries prioritize economic recovery to ensure sustainable development and even protect the health of citizens. However, in all the activities of the World Economic Forum, we have also seen that many business and government leaders are willing to build a better society, and they are not talking big, but actually taking action. The vast majority of people also expressed their willingness to make sacrifices to protect medical personnel and other important industry personnel, as well as vulnerable populations (such as the elderly). Many companies have stepped up to support their employees, customers, and local communities, moving to the “stakeholder principle” that they used to stay in words.
Beijing News Shell Finance reporter Xu promised editor Li Weijia proofread Wang Xin