World Economic Forum Annual Meeting 2012

Davos-Klosters, Switzerland 25-29 January
The Great Transformation: Shaping New Models

The World Economic Forum Annual Meeting in Davos has wrapped up. It has been as ever, a cornucopia of intellectual fare, with some 260 sessions on everything from the Secrets of the Universe to Fixing Capitalism, and a cast of the world's intellectual, business, arts, cultural and social giants. It has been a week of superlatives, the most participants, sessions, snow, media coverage... you name a record and we have broken it. 

In short, The outlook, after a week of intense discussion, is of a troubled world pressed for solutions across a number of fronts, but with optimism provided by human ingenuity and progress. Rather than attempt to summarise or curate, we direct you to the full library of content, videos, summaries, tweets, quotes, blog posts and highlights. Enjoy.

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Prospects for Peace in the New Middle East Context

Thursday 26 January

This session was on the record and open to reporting press.

Key Points

  • Israeli President Shimon Peres called for direct talks to be launched while Palestinian Authority Prime Minister Salam Fayyad said the time is not ripe for such negotiations.
  • Peres described Iran as the greatest obstacle to Middle East peace while Fayyad blamed Israeli military incursions into Palestinian-held territory.
  • Both sides agreed, however, on the need for negotiations to achieve a two-state...
February 15, 2012

The Outlook for East Asia

Thursday 26 January

This session was on the record and open to reporting press.

Key Points

  • There will be continuity between the current cautious generation of Chinese leaders and the one that will replace it; they are from the same mould.
  • It is an open question whether the generation that has grown up while China has been on the rise over the past two decades will be as considered in its approach to the outside world.
  • Asia will boom in the coming years, although there will be ups and downs;...
February 15, 2012

Building a Better Haiti

Friday 27 January

This session was on the record and open to reporting press.

Two years after the massive earthquake that killed hundreds of thousands and left over a million homeless, Haiti still faces immense challenges in rebuilding the country. What critical steps must the country take on its own, with the private sector and with the international community?

Key Points

  • Haiti’s economy grew by 8.6% last year and is forecast to grow by 8.8% this year.
  • Foreign investments increase as market reforms...
February 15, 2012

Europe's Economic Outlook

Friday 27 January

This session was on the record and open to reporting press.

What steps are needed to restore growth and confidence across the Eurozone?

Key Points

  • Post-Lehman regulatory changes have strengthened banks and stabilized the financial system.
  • Fiscal discipline, fiscal union and firewalls are needed to resolve the Eurozone crisis.
  • Progress made in the Eurozone in the past five months is “outstanding”.
  • ECB averted a major credit crunch with liquidity measures in the...
February 15, 2012

People Power

Saturday 28 January

This session was conducted under the Chatham House Rule.

How should policy-makers, businesses and civil society organizations proactively respond to emerging social movements around the world?

Dimensions to be addressed:

- Understanding the driving forces behind people's movements
- Building mechanisms to address disenfranchisement
- Transitioning from protests to progress on core issues

Key Points

  • Technology has given ordinary people a new voice that they can use to...
February 15, 2012

Outlook and Challenges for the US Economy

Friday 27 January

This session was on the record and open to reporting press.

What are the domestic and global policy priorities for the United States in 2012?

Key Points

  • The United States’ economy will grow between 2% and 3% this year, but that depends on “how the world unfolds”, including the crisis in Europe.
  • US businesses are profitable and private investment in equipment, as a measure of confidence, is up 23% from 2009.
  • Tremendous challenges remain, including severe unemployment, weak...
February 15, 2012

Special Address

Thursday 26 January

This session was on the record and open to reporting press.

Special Address by Stephen Harper, Prime Minister of Canada

Key Points

  • Western developed economies that have accumulated high public debt should focus less on services and entitlements and more on policies that promote growth and employment.
  • The Canadian model may hold some lessons for how economies can prepare for crises and be more resilient.
  • Canada is one of only two G7 countries that have recouped all the...
February 15, 2012

The Future of Democracy

Wednesday 25 January

This session was conducted under the Chatham House Rule.

How are established and nascent democracies being reformed and shaped to meet the challenges of the 21st century?

Key Points

  • The “year of the protester” is a popular title for 2011; however, the intent and outcomes of many of these protests remain unclear.
  • Liberal democracy dominated the global system for a number of years, but today an alternative model has emerged in authoritarian capitalism.
  • Improving the case...
February 15, 2012

Brazil Outlook

Saturday 28 January

This session was on the record and open to reporting press.

What trends and issues will shape the social, political and economic landscape of Brazil in 2012?

Dimensions to be addressed:

- Addressing inflationary and exchange rate pressures
- Tackling the infrastructure challenge
- Ensuring inclusive and sustainable growth
- Positioning Brazil in a shifting global context

Key Points

  • Brazil needs to ensure that the economy does not overheat; measures taken by the...
February 15, 2012

Olympic Games 2012 -- Celebrating the Six-Month Countdown

Thursday 26 January

This session was on the record and open to reporting press.

A memorable moment to mark the six-month countdown to the Olympic Games with participants of the Annual Meeting 2012

Key Points

  • London will host the Olympic Games and the Paralympic Games in 2012.
  • Infrastructure being built for the sports event will be incorporated into an urban development plan for East London.
  • Hosting the Games will spur investment in the United Kingdom.

Synopsis...

February 15, 2012

Special Address

Thursday 26 January

This session was on the record and open to reporting press.

Special Address by David Cameron, Prime Minister of the United Kingdom

Key Points

  • Britain has taken bold steps over the past year to get its economy back on track.
  • Europe’s lack of competitiveness remains its Achilles heel.
  • The Doha Round of Trade Negotiations did not work – it is time to focus on bilateral trade agreements.
  • Resolving the Eurozone crisis is the most...
February 15, 2012

The Future of American Power in the 21st Century

Friday 27 January

This session was on the record and open to reporting press.

As the United States attempts to reduce its massive military budget in the wake of new economic and geopolitical realities, what will be the defence and foreign policy goals in the decade ahead and how will the country achieve them?

Key Points

  • The US is determined to remain the preeminent power in the 21st century.
  • Americans are not psychologically prepared to play a secondary role in world affairs.
  • The continued...
February 15, 2012

Global Economic Crisis: Role and Challenges of the G20

Thursday 26 January

This session was on the record and open to reporting press.

Key Points

  • Europe should draw lessons from how Latin American countries addressed their debt crises and act quickly to set up firewalls to prevent the spread of panic
  • Any adjustment programme should be accompanied with aggressive social measures and structural reforms to promote growth
  • Effective leadership requires paying attention both to immediate problems as well as long-term challenges
  • Mexico will...
February 15, 2012

Shaping New Models of Development with the Global Agenda Councils

Thursday 26 January

This session was conducted under the Chatham House Rule.

What short-term solutions can tackle long-term challenges in development?

Idea 1: Projecting the end of extreme poverty
Idea 2: Levelling the education playing field on a global scale
Idea 3: Facilitating development using robotics and smart devices
Idea 4: Investing with social impact
Idea 5: Managing the water crisis through entrepreneurship

Key Points

  • As we approach 2015, a new set of development goals is...
February 15, 2012

Smarter Cities for an Urban Century

Saturday 28 January

This session was conducted under the Chatham House Rule.

How are smart, connected cities leading the future of urban development?

Dimensions to be addressed:

- Injecting technology into infrastructure and governance
- Innovating for healthy, resource-efficient, liveable cities
- Converging key industries and sectors

Key Points

  • The models for building smarter cities range from converting legacy infrastructure in historic cities to the construction of wholly new, more...
February 15, 2012
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