Davos 2011 - Highlights - Saturday 29 January
India's inclusive growth imperative
Growing by nearly 9% a year, India has become a model of an economy that is expanding rapidly within the context of an open, democratic society. The biggest challenge for the country is to ensure that growth is inclusive.
“Examples like China have shown us that, as growth takes place, poverty comes down substantially,” said Chanda Kochhar, Managing Director and CEO of ICICI Bank of India, in a session on “India’s Inclusive Growth Imperative” at the World Economic Forum’s Annual Meeting 2011. “Growth and inclusion have to go hand in hand.”
Davos 2011 I Video Interview I News release
Solving the energy efficiency equation - What's stopping us?
Realizing the energy potential arising from the efficient use of technology is the key challenge for the sector. In many cases, it will yield rewards that exceed the benefits of the use of renewable energy sources.
The problem is that consumers are not fully engaged and utility companies do not have the incentive to encourage energy efficiency among their customers.
Japan's Prime Minister Naoto Kan: Forging new relationships
Japan's Prime Minister Naoto Kan told participants of the World Economic Forum Annual Meeting 2011 in Davos that it is essential to reconnect and forge new relationships. “Spiritually and economically … it’s important for us to open up ourselves to the rest of the world.” This is equally true on a domestic as well as an international scale, he said. Kan added that he had come to Davos to discuss social inclusion and the concept of human security. To him, building new bonds and opening up to the world are at the heart of that push. “Today, the world faces major changes that can be likened to a tectonic shift, both in national security and in economic fields,” stated Kan. “I think we need to build new bonds suitable to the times and regions we are living in,” he said.
Davos 2011 I Quotes I News release
The Euro received French and German political support at the Annual Meeting. Meanwhile, business confidence is returning and work to reduce post-crisis debt mountains has begun.
Set against the context of the global financial crisis, social tensions and civil unrest, there is unanimous agreement that change is essential. A recurrent theme during the World Economic Forum Annual Meeting 2011 was that we “have to move beyond the old paradigm of how these problems are solved.”