Slower economic growth and its consequences, income inequality and climate change will be the key topics debated by business leaders, regulators and political heads at the annual meeting of the World Economic Forum in Davos, beginning Tuesday.
"The Reshaping of the World: Consequences for Society, Politics and Business" is the thematic focus of Davos 2014, as there appears to be a whiff of optimism in the air for the first time since the global financial crisis five-and-a-half years ago.
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There are no signs of a dramatic rebound, but enough to suggest that the global economy led by United States is slowly getting back on the rails.
A World Bank report last week forecast the global economy to grow at 3.2 percent in 2014, up 2 percentage points from its earlier prediction of 3 percent in June last year. It also expects 'high income countries' to grow 2.2 percent this calendar, compared to 1.5 percent last year.
It is in the backdrop of this renewed confidence that the 250 top political leaders and heads of international organizations at Davos will be discussing global issues like climate change, multilateral trade, better governance through public-private cooperation and the post-2015 development agenda.
The Economic Agenda will examine issues of acute structural unemployment, widening income inequality and figure out ways to manage the consequences of expected changes in monetary policy and financial regulation in the face of slower global growth.
The Regional Agenda will explore in depth the social and political transformation occurring in all regions of the world. Emphasis will be on the new actors, policies and structures that are driving stable and legitimate forms of governance to address a wide range of regional and national challenges.
The Industry and Business Agenda will try to offer insights into the evolution of industry ecosystems and business models, particularly in the context of scientific, technological and policy innovations.
The Future Agenda will explore the ideas, innovations and discoveries that are reshaping our world by working closely with those in the vanguard of change from such fields as the arts, culture, engineering, media, medicine, science and technology.