World Economic Forum Founder and Executive Chairman, Klaus Schwab, on Tuesday stressed the urgency to develop new mechanisms that strengthen international cooperation in today’s multipower world.
Schwab made the call in his speech in Dubai, the United Arab Emirates, where he joined heads of state, business leaders and other delegates for the World Government Summit (WGS) 2023.
“A few weeks ago, during the Davos conference, we discussed our ability to adapt to these global challenges, in light of various crises that require new mechanisms and innovative methods to help us reach a better future and serve the aspirations of humanity,” he said.
Acknowledging that technological transformation and the Fourth Industrial Revolution will impact the world for years to come, the WEF chief pointed out that “governments in different parts of the world should play leading roles in keeping pace with changes.”
Regarding structural transformations to be witnessed in various vital economic sectors, Schwab said there will be about 10 billion people in need of energy by 2050. He stressed on the need to achieve the goals of the Paris Agreement and reach zero carbon emissions.
Schwab also pointed to the political changes taking place in the world, which he said are transforming the world from a unipolar one to a multipolar globe.
“This requires us to strengthen cooperation and enhance coordination at the level of governments, countries and institutions to maintain the frameworks of international cooperation, which in turn is reflected in the paths of development comprehensively,” he said.