The World Economic Forum
A Conversation with Ferdinand Marcos Jr, President of the Philippines
A Conversation with Cultural Leader Noa Keir Simmons, Achinoam "Noa" Nini Barak
A conversation with Achinoam Nini, professionally known as Noa, an acclaimed singer, songwriter, poet, composer, percussionist, speaker and activist.
Considered Israel’s most prominent advocate of cross-cultural collaborations and peacemaking, what role has Noa's work played at the challenging intersections she has found herself?
The World Economic Forum is convening its 53rd Annual Meeting in January to reaffirm the value and imperative of dialogue and public-private cooperation, not only to navigate the current cascading crises but, more importantly, to drive tangible, system-positive change for the long term. For over 50 years, the World Economic Forum has provided space for leaders to engage in peer-to-peer deliberations in the spirit of improving the state of the world. Never has this mission been more important. Therefore, finding ways to reinstitute a collective sense of agency and to turn defensive measures into proactive, vision-driven policies and business strategies will be at the heart of the meeting. The magnitude of current crises and the potential of future ones demands no less.
Energy transition and climate change are inextricably linked, with its impact being felt in recent months. While a global energy transition is under way, further action is needed to reduce carbon emissions and mitigate the effects of climate change. Critical measures to accelerate energy transition include decoupling economic growth from energy consumption, particularly in emerging economies, mainstreaming breakthrough technological innovations and addressing equity. Rather than using the ongoing crisis as a pretext to forego policies that support the transition to more sustainable energy sources, this moment should be utilized to develop more ambitious, comprehensive, and sustainable infrastructure investment plans that helps the world to meet the 2030 targets.
2. Addressing the Current High Inflation, Low Growth, High Debt Economy in the context of a New System for Investment, Trade and Infrastructure
Policymakers are now operating with limited fiscal space, while inflationary pressure is forcing a tightening of monetary policy. Tighter monetary policies are also having knock on effects on emerging markets, with many now struggling to service their debts. Protectionist measures also threaten the global trade agenda which was at the centre of economic prosperity of the last 30 years. This comes following the COVID-19 pandemic which has pushed 120 million additional people into extreme poverty and exposed the underfunding of critical infrastructure across markets. In a multipolar world, refashioning the economic agenda along strategic lines and rebuilding trust in the international system will take careful collaboration between all stakeholders and a new vision for economic prosperity and development
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