WORLD ECONOMIC FORUM’s DAVOS DIALOGUE

Q. What is the news?

Recently, World Economic Forum’s (WEF) Davos Dialogue held which is also addressed by India’s Prime Minister.
The Forum’s annual meeting in Davos (Switzerland) engages the world's top leaders to shape global, regional and industry agendas.
The Davos Dialogues agenda marks the launch of the WEF’s Great Reset Initiative in the post Covid world.

Q. What are the agenda and focus area of dialogue?

It is based on the assessment that the world economy is in deep trouble.
Situation has been made a lot worse by many factors, including the pandemic’s devastating effects on global society, the un- folding technological revolution, and the consequences of climate change.
Agenda:
- The world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country must participate, and every industry, from oil and gas to tech, must be transformed.
- In short there should be a ‘Great Reset’ of capitalism.

Q. What is The Great Reset?

The Great Reset is an initiative by the World Economic Forum.
It has been conceptualised by the founder and executive chairman of the World Economic Forum’s , Klaus Schwab, and has evolved over the last few years. It is based on the assessment that the world economy is in deep trouble.
It has been argued that the situation has been made a lot worse by many factors, including the pandemic’s devastating effects on global society, the un- folding technological revolution, and the consequences of climate change.
Schwab demands that “the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a ‘Great Reset’ of capitalism.”
The agenda of The Great Reset touches on many key issues facing the world, according to , director, Institute of South Asian Studies.

Q. What is World Economic Forum?

The World Economic Forum (WEF) is a Swiss nonprofit foundation established in 1971, based in Geneva, Switzerland.
Recognized by the Swiss authorities as the international institution for public-private cooperation.

Q. What are the Mission of Forum?

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.

Founder and Executive Chairman: Klaus Schwab.

Q. What are some of Important reports published by WEF?