SABC News - Annual Davos economic forum to focus on 4th Industrial Revolution:Sunday 17 January 2016

Annual Davos economic forum to focus on 4th Industrial Revolution

Sunday 17 January 2016 07:52


World Economic Forum (WEF) Executive Chairman and founder Klaus Schwab attends a news conference(REUTERS)

Learning how humankind can benefit from the Fourth Industrial Revolution while addressing its challenges will be the central aim of the 46th World Economic Forum (WEF) annual meeting, WEF Founder and Executive Chairman Klaus Schwab said at a press conference on Wednesday.

The meeting, which is to be held from Jan. 20 to 23 in Davos-Klosters, Switzerland, aims to build a platform for cooperation between public and private sectors. Three key topics will be on the agenda: the global security situation, economic and social development and the goal of sustainable development, and the fourth industrial revolution, which is the theme of this year's meeting, Schwab said.

"We feel we are not yet prepared sufficiently for this fourth industrial revolution, which will come over us like a tsunami, which will change whole systems," said Schwab.

On the basis of this central theme, participants will discuss 10 global challenges including agriculture and food safety, economic growth and social inclusion, the future of the Internet, long-term investment and infrastructure construction.

"The world has become interconnected. It's not very comfortable to think always in terms of those complexities. The world has a tendency to simplify issues. But we just want to find this simplification which may lead to wrong conclusions and solutions, so our role in Davos, which is very different from what else happening usually in the world, is to take a systemic approach," said Schwab.

More than 2,500 participants from over 100 countries and regions will be present at the meeting, including more than 40 heads of state and senior government officials, as well as some 1,500 business leaders.

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