Global leaders warn collaboration key if world is to meet current challenges

The founder and executive chairman of the World Economic Forum has warned the year ahead will be crucial in the world’s efforts to deliver a sustainable future.

As the WEF’s Davos Agenda came to a close Klaus Schwab warned the world was facing challenges that had to be addressed if progress was to be made in the months come.

“We are seeing challenges mounting from supply chain disruptions to tectonic shifts in labour markets, to inflation figures which are of concern to policy-makers and individuals alike,” he explained. “The year ahead is a crucial one to work together, rebuild trust and shape a better and more inclusive future for all.”

During the week-long event world leaders had their say in the issues they believe are hindering progress across the globe, with the COVID pandemic still the biggest concern for many.

“We need to embrace cooperation and jointly defeat the pandemic. Confronted by the once-in-a-century pandemic, which will affect the future of humanity, the international community has fought a tenacious battle,” said Xi Jinping, (pic) President of the People’s Republic of China. “Facts have shown once again that amidst the raging torrents of a global crisis, countries are not riding separately in some 190 small boats but are rather all in a giant ship on which our shared destiny hinges. Small boats may not survive a storm, but a giant ship is strong enough to brave a storm.”

“In the midst of new challenges, the world today needs new avenues, new resolutions. Today, every country in the world needs cooperation with each other more than ever before,” Narendra Modi, Prime Minister of India, Narendra Modi, called for greater cooperation if the world were to succeed in its aims to drive sustainability and economic growth. “In the midst of new challenges, the world today needs new avenues, new resolutions. Today, every country in the world needs cooperation with each other more than ever before.

“Our multilingual, multicultural environment is a great strength that teaches us not just to think of ourselves in times of crisis but to work in the best interests of the world.”

“Turning this ship around will take immense willpower and ingenuity from governments and businesses alike, in every major-emitting nation,” added António Guterres, Secretary-General, United Nations said. “We see a clear role for businesses and investors in supporting our net-zero goal.”

“Some will try to tell us dialogue and compromise are forms of weakness, said Olaf Scholz, Federal Chancellor of Germany. “Some will try and pitch climate action against prosperity. Some will argue that social progress hampers economic growth. Some will try to divide us. The truth is the progress we want will only occur if we overcome these divisions. Working together is the only way and restoring trust is our goal.”

“The lesson of these times is that supply chain resilience requires a new partnership between countries, governments and businesses,” said Scott Morrison, Prime Minister of Australia.

“We are seeing challenges mounting from supply chain disruptions to tectonic shifts in labour markets, to inflation figures which are of concern to policy-makers and individuals alike,” he explained. “The year ahead is a crucial one to work together, rebuild trust and shape a better and more inclusive future for all.”

Klaus Schwab, World Economic Forum

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