World Economic Forum faces many challenges

Washington [US], January 17: The World Economic Forum is taking place live again after a period of interruption due to the Covid-19 pandemic , amid a series of challenges for the global economy.
With the theme "Cooperation in a fragmented world", the 2023 World Economic Forum (WEF) Conference opened in Davos (Switzerland) on January 16 in the context of the global economy facing many challenges. need to be coordinated. According to the WEF, more than 2,700 guests attended the 53rd WEF Conference in Davos, including more than 50 heads of state and government, and more than 300 ministers. In addition, more than 1,500 executives from 700 companies and institutions were also present at Davos, an all-time record.
Fragmented World
WEF Founder and Executive Chairman Klaus Schwab said the world is in crisis with increasing fragmentation at the global level and the erosion of trust between countries.
"To address the root cause of this erosion of trust, we need to strengthen government- business cooperation , enabling a strong and sustainable recovery. It must be recognized that economic development needs to be more flexible, more sustainable and no one should be left behind," he said.
According to Bloomberg, a new era of rivalry between major powers is redrawing the map of the world economy and forcing business leaders to navigate a series of global hot spots. The war in Ukraine and US- China tensions have political leaders set new economic priorities, while managing a shortage of vital goods. Discussions during the five-day conference are expected to revolve around emerging geopolitical risks, as big business that thought the flat world was successfully established, now faces obstacles.
"We live in a more fragmented world in which there is financial fragility. Therefore, it is clear that what people are always thinking about is where and how to invest in a more multipolar world," said Karen Harris at the consulting firm Bain & Co (USA) attending the WEF.
Source: ThanhNien Newspaper