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It’s the 40th time that I stand in
front of you to welcome you cordially |
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to the annual meeting
of the World Economic Forum. |
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One thing that has been
more impactful for me this year |
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than any other year is the actions
in Davos particularly around redesign, |
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rethink, rebuild, the agreement
to take some actions. |
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So I think that’s
an important step forward. |
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What I like about the forum is
the interdisciplinary approach |
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between politics, science,
culture, and business. |
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This is my 22nd year
I am participating in this forum |
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and I think it evolves
in the right direction. |
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We are facing the highest level of
unemployment ever recorded, |
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youth unemployment three times higher
than adult unemployment, |
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and we’re also facing a jobless recovery.
This is the issue of today, |
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the social issue
and the political issue. |
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We need a different set of arrangements.
We must step out of the positions |
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we occupy to rethink the institutions
that will hold us together. |
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We must commit ourselves
differently to the outcomes |
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because in so many
big decisions |
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it hasn’t been possible
to bind countries. |
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I think last year’s session was really
a little bit shell-shocked |
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in the wake of the global crisis
and I am delighted to see |
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that as always we have regrouped
and rethought our priorities |
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and our missions
and I think the subjects |
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of this year’s forum
are very relevant indeed. |
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The prosperity of the post-war era
owed a great deal to Bretton Woods, |
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to its rules and its institutions.
That is exactly what we need today. |
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We need a new Bretton Woods.
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If inadequate regulation
is not addressed, I believe |
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the consequences could actually
be worse than before the crisis. |
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Especially when facing the
financial crisis we need to rethink |
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whether the decisions
we have made are correct |
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amd whether the actions
we have taken |
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can help us to recover
from the crisis. |
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I think the themes
of the World Economic Forum |
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this year couldn’t be more relevant.
And the reason is that I’m sure |
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we're going to face
one more recession again, |
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and if we walk away from
this recession |
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not learning the lessons
of this recession |
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and not rethinking, rebuilding,
and redesigning our organization, |
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our society, our culture,
we will make a big mistake. |
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After all this is a global village somehow.
Whatever happens in the U.S. |
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or in Europe, anywhere,
at least psychologically affects us. |
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But we didn’t have any problem.
I mean, you go throughout |
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all the emerging markets, we didn’t
have a crisis in the real sense |
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as we saw it in the U.S.
or in Europe. |
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How do we combine the public opinion
frustration and the necessary time |
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that it will take
for the banking industry |
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to restore some of its parameters
and to rehabilitate itself |
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with those public opinions?
Big timing issue. |
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Don’t underestimate.
The world is different, |
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the dynamics of power blocks
is different, and the self confidence |
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of emerging nations is for completely
different order of magnitude today. |
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We have to recognize that this is
the first crisis in a globalized world |
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and this will require new answers.
It has not only to do |
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with the financial sector itself.
It has to do with some |
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of the global imbalances
and we have to work |
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on finding solutions to that.
And this will create |
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a lot of uncertainties
and a lot of tradeoffs. |
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We’ve got to move away from
merely a focus on shareholders |
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and talk about multiple stakeholders
because multiple stakeholders |
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is not just Utopian notion,
it’s a reality. |
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This year one of the most
fascinating things we’ve seen |
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is how people really
galvanized to action, |
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the World Economic Forum,
Clinton’s Foundation, Clinton himself |
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coming here talking
to groups of all kinds, |
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people from both public and private
sector, they’re coming together |
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and talking about
something very concrete, |
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very important that
is happening right now. |
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The pitch here was for the private
sector to come and invest in Haiti. |
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Most would never have thought
of that in a thousand years |
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so it’s raised the visibility
of a very poor country |
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with a large surplus pool of labor,
|
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very close to the largest consumer
market in the world, the U.S.A. |
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If that stimulates some interest,
all the better. |
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Every company should take the
social responsibility for the reduction |
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of energy consumption and
reduction of emission of carbon. |
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I realize how important is for the
world to get a success in Cancun, |
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how important is to start taking
actions today. For me it’s clear. |
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The scientific evidence is overwhelming.
The effects of global warming |
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are already affecting ordinary people,
the life of ordinary people |
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in developing
and developed countries. |
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We’re announcing that we’ll spend
over ten billion dollars on vaccines. |
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That will help invent new vaccines,
that will help get some new vaccines out |
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and that will help increase
the coverage. |
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It is amazing how much innovation
the forum has developed |
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over the last, I would really say
five years, and how it has transformed |
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bringing more content,
having strong regional organizations, |
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and more ambitious also on
what agendas we want to define. |
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This role is much needed in a globally
more networked world |
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than we've ever seen.
|
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The way I look at this year
compared to maybe five years ago |
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the dialogue is richer. It’s more
honest. It’s more transparent. |
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And I think as we get there,
it really assures the future |
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of the World Economic Forum
because very few places |
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can we have
that transparent debate. |
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This year I think the mood
is a mood of soul searching |
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but also looking for solutions.
There are lots of sessions |
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where people are putting ideas on
the table and certainly looking |
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for opportunities to share
what has worked and what hasn’t worked. |
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I am very happy that in Davos we are
talking about more core values now. |
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I think this means that we are sharing
the problems all together. |
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It’s not my problem,
it’s not his problem only, |
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it’s everybody’s problems.
And when it’s everybody’s problem, |
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I think we can solve it.
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It’s action which shows
our real commitment. Thank you. |
