Outlook on the Global Agenda 2011
The Outlook on the Global Agenda 2011 brings together the ideas that came out of the world's largest brainstorm, the Summit on the Global Agenda 2010 in Dubai. It outlines the shape of the new reality that will be discussed at the Annual Meeting of the World Economic Forum in Davos and through 2011.
This new reality is manifest by:
- Global power shifts: economic and political power is no longer concentrated in the hands of the developed economies. Emerging markets have become centres of both economic growth and geo-political decision-making.
- Economic uncertainty: There is a high degree of volatility and ambiguity across many markets in the short to medium term, which is likely to lead to irrational behaviour on the part of investors.
- Resource scarcity: The strain of providing for a world with a population heading rapidly towards 7 billion and beyond threatens to undercut growth, create environmental problems, and cause social and political conflict.
- Institutional weakness: Governments and global institutions that were fragile before the crisis have, by and large, become even more so in the face of global instability. The world is in no state to withstand further shocks.
Today’s global interconnectedness means that it is impossible for any stakeholder to address these challenges in isolation. The web of factors affecting global institutions and local communities has expanded, and its complexity multiplied. Leadership today means navigating a larger, more complex set of issues and more complicated relationships.