World Economic Forum Annual Meeting

17–20 January 2017 Davos-Klosters, Switzerland

Davos 2017

Last update: 18 Jan 20:18 UTC
06:00 UTC

Welcome to Day Two of Davos 2017

It's the second day of our Annual Meeting in Davos - take a moment to look at the programme for today, and we'll be keeping you up-to-date on all developments here on our live blog.

08:04 UTC

Morning mindfulness

Davos participants receive a lesson in mindfulness from Buddhist monk Matthieu Ricard.

Matthieu Ricard, Founder, Karuna-Shechen, France at the Annual Meeting 2017 of the World Economic Forum in Davos, January 18, 2017.Copyright by World Economic Forum / Jakob Polacsek
08:09 UTC

Automation and the future of jobs

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08:11 UTC

An Insight, An Idea with Forest Whitaker

Watch our conversation with actor and activist Forest Whitaker, where he talks about working towards peace and reconciliation in disadvantaged and fragile communities around the globe.

Whitaker founded the Whitaker Peace and Development Initiative in 2012 - a nonprofit that helps communities affected by violence. He's also a UNESCO Special Envoy for Peace and Reconciliation.

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Read more about the WPDI here, and find out what Forest Whitaker thinks real leadership means in his recent article for our Agenda blog.

You can read a full summary of Forest Whitaker's session, including more quotes, here.

08:44 UTC

Governing Globalization

Globalization has come in for increasing criticism over the last year, being blamed for massive job losses, increasing inequality and the rise of populism across the West.

But are the judgements fair? According to a recent study, four out of five jobs lost due to globalization have been sacrificed to technological change rather than trade.

What else have we learned about globalization, and how can we improve its governance to ensure benefits are widely spread?

Included on the panel for this session are Swedish Prime Minister Stefan Löfven, Microsoft President and Chief Legal Officer Bradford L. Smith and economist and author Dambisa Moyo.

Read a summary of the session here, and read the article Dambisa wrote for our Agenda blog:

08:49 UTC

An Insight, An Idea with Wang Jianlin

Earlier today we had a conversation with Wang Jianlin, on his vision of the role of entertainment and sport for a more diverse, tolerant and understanding society across borders.

Wang Jianlin is a household name in China. He is Chairman and Founder of Dalian Wanda Group, the world’s biggest private property developer and owner, and the largest cinema chain operator. He also owns 20% of Spanish football club Atlético Madrid.

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08:54 UTC

Forest Whitaker on post-election America

08:56 UTC

Squeezed and Angry: How to Fix the Middle-Class Crisis

Once the lynchpin of developed economies, the middle class is now threatened by job losses and stagnant wages, paving the way for the rise of populism. In emerging markets, middle class growth rates are stalling. Have middle class problems been forgotten?

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Also read:

Image: International Labour Organisation/European Commission

For more quotes and highlights from this session, follow this link.

09:03 UTC

A Compact for Responsible Business Leadership

How can industry leaders restore the compact between business and society, ensuring that companies are responsive and responsible to all their stakeholders?

The panel for this session includes Frans van Houten of Royal Philips and Dominic Barton of McKinsey and Company.

What does it take to be a great leader in times of change? We asked six experts

09:28 UTC

Christine Lagarde's 2013 warning about inequality

In the session Squeezed and Angry: How to Fix the Middle-Class Crisis, IMF Managing Director Christine Lagarde spoke about the Davos speech she gave in 2013 warning about rising inequality.

Here is that speech in full - watch from 13:55 for her main warning:

"You can be absolutely sure that nations will revert to their natural tendency of hiding behind their borders, of moving towards protectionism, of listening to vested interests, and they’ll forget about transcending those national priorities."

— Christine Lagarde, speaking in 2013

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"Why did people not listen, I don’t know, but certainly I got a strong backlash, from economists in particular saying that it was not really any of their business to worry about these things," she said in this morning's session.

09:38 UTC

Special Address by Joe Biden, Vice President of the United States

In the final days of President Barack Obama’s administration, Joe Biden addressed Davos in his last speech as Vice President.

Klaus Schwab, Founder and Executive Chairman, World Economic Forum; Joseph R. Biden Jr, Vice-President of the United States of America at the Annual Meeting 2017 of the World Economic Forum in Davos, January 18, 2017.Copyright by World Economic Forum / Manuel Lopez
Image: Manuel Lopez

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10:49 UTC

Politics of Fear or Rebellion of the Forgotten?

Why has there been such a rise in hostility towards so-called smug elites and establishment power? From the UK's vote to leave the European Union to the election of Donald Trump in the US, populist leaders claim they are responding to the growing number of voters who feel disenchanted, and disenfranchised: frustrated that their views on globalization, immigration and terrorism don’t seem to count.

Do they have a point, or are they being manipulated? Have the political elite found the right response?

In this session the BBC's Zeinab Badawi is speaking to Belgian Deputy Prime Minister Alexander De Croo, author Elif Shafak and Vice-Chairman and Managing Director of Moelis & Company, Eric I. Cantor.

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For a more detailed summary of what was discussed in this session, follow this link.

11:12 UTC

Christine Lagarde to Davos leaders: I warned about the dangers of inequality in 2013 and nobody listened

Christine Lagarde came to Davos in 2013 to warn leaders about the rise of inequality.

Read the full article
11:26 UTC

Iran's Foreign Minister speaks at Davos

Iranian Foreign Minister Javad Zarif has been speaking in Davos.

Mohammad Agha Nahavandian, Chief of Staff of the Presidency of the Islamic Republic of Iran; Javad Zarif, Minister of Foreign Affairs of the Islamic Republic of Iran; Philipp Rösler, Head, Regional and Government Engagement, Member of the Managing Board, World Economic Forum  at the Annual Meeting 2017 of the World Economic Forum in Davos, January 18, 2017.Copyright by World Economic Forum / Manuel Lopez
Image: Manuel Lopez

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You can read a summary of the session here.

11:39 UTC

Driving lessons

Nico Rosberg, F1 World Champion, speaks to Davos participants about leadership and mental preparation.

11:42 UTC

‘Defend the liberal international order’ – top quotes from Joe Biden’s Davos swansong

Just 48 hours before leaving office, US Vice President Joe Biden made an impassioned plea for America's role in upholding the post-War order from the stage in Davos.

Read the full article
11:49 UTC

Reaction to Joe Biden's last major speech as VP

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11:56 UTC

Joe Biden's last major speech as Vice President in full

Joe Biden's full speech from Davos 2017.

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12:31 UTC

Meet Sophia

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Sophia is the latest and most humanlike robot from Hanson Robotics.

12:32 UTC

A Basic Income for All: Dream or Delusion?

Could a universal basic income - where all citizens or residents of a country regularly receive a guaranteed and unconditional sum of money to cover essential living costs - be the solution to growing inequality?

It's an idea growing in popularity, and several experiments have been carried out around the world - most recently in Finland.

The panel for this session, includes Guy Standing from the University of London and former EU Commissioner Neelie Kroes.

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13:05 UTC

China's Role for Global Prosperity

As globalization faces a backlash, China is engaging with the rest of the world through its internationalized currency, outbound investment strategies and One Belt, One Road Initiative - also known as the New Silk Road.

Can China revitalize the global economy?

Speakers for this session include Fang Xinghai, Vice-Chairman of the China Securities Regulatory Commission, Inga Beale, CEO of Lloyd's and Li Ruigang, Founding Chairman of China Media Capital.

Ahead of the session, read how China will impact the world economy in 2017, and then take a look at why China is building a New Silk Road.

Image: Wall Street Journal

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13:07 UTC

The Age of Tech

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13:08 UTC

An Insight, An Idea with Jamie Oliver

Join us as Arianna Huffington interviews chef Jamie Oliver on driving a healthy and sustainable food revolution.

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I was going into schools in Britain, Australia and America where they didn’t know the association between a potato and a French fry – they didn’t know about tomato and ketchup – they thought that milk was pink or black because they saw no white milk.

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In Britain ten years ago we had standards that were robust for dog food and nothing for kids food - that’s how screwed up we were.

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13:10 UTC

A Positive Narrative for the Global Community

Sheryl Sandberg of Facebook, Meg Whitman of Hewlett Packard and IMF Managing Director Christine Lagarde are on the panel for this session.

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You can read a summary of the session here.

13:42 UTC

The rise and rise of China and India

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13:55 UTC

How can we avoid a climate change catastrophe? Al Gore and Davos leaders respond

We asked global experts: what is the one thing we should do now to fight back against climate change?

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14:11 UTC

World Bank President Jim Kim on childhood education

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14:44 UTC

Facebook's Sheryl Sandberg on fake news

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14:48 UTC

Fixing Europe's Disunion

The European project is under pressure. The Euro crisis, the rise of populism across the continent, managing borders and immigration, Brexit, security fears - the list of challenges is long. And 2017 will bring more, including elections in Germany, France and the Netherlands.

Can the European Union survive? What role will Europe play on the world stage in the future?

The panel for this session includes Professor Joseph Stiglitz of Columbia University and European Commissioner Pierre Moscovici.

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15:55 UTC

Colombian President Juan Manuel Santos receives Global Statesman Award

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16:00 UTC

Disrupting the Status Quo of Gender Roles

Gender roles have changed, no doubt about it. Here in Davos female participants include Meg Whitman, the CEO of Hewlett Packard Enterprise, and Fabiola Gianotti, the Director-General of CERN. But too many women around the world still face barriers to reaching their potential, and the gender gap at work won’t close for 170 years. How can we break stereotypes and boost progress?

IMF Managing Director Christine Lagarde and Oscar-winning documentary maker Sharmeen Obaid Chinoy are on the panel for this session.

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You can read a summary of this session here.

16:00 UTC

5 things you've got wrong about Donald Trump

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16:31 UTC

It's official: 2016 was the hottest year on record

With climate change high on the agenda here in Davos, the World Meteorological Organization confirmed what many already suspected - 2016 was the hottest year on record. It's the third year in a row the record has been broken.

17:07 UTC

The Great American Divide

President-Elect Donald Trump will take office on Friday, following one of the most divisive election campaigns in recent political memory.

With the American fracture running deep and across multiple divides, what will mend the social fabric?

The panel for this session includes Laura D. Tyson from the Haas School of Business at the University of California, Gemma Mortensen, Chief Global Officer at Change.org, and Lonnie Bunch, Director of the National Museum of African American History and Culture.

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17:42 UTC

Al Gore on the plummeting cost of renewable energy

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17:47 UTC

An Insight, An Idea with Jack Ma

Alibaba founder Jack Ma discusses the future of online trade and globalization with the New York Times' Andrew R Sorkin in this Davos session.

Alibaba is an e-commerce platform that Jack Ma started in his apartment. As of April 2016, Alibaba was the world's largest retailer and one of the largest internet companies. When the company went public, it was the biggest IPO in history.

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18:02 UTC

Jack Ma on America's wasted wealth

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20:18 UTC

The top 8 stories from the second day of Davos

As the second day of Davos 2017 draws to a close. Here’s a quick recap of some of the day’s key moments.

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