World Economic Forum in real is scheduled to be held in Singapore on August 17–20
ST interview with WEF founder Klaus Schwab: S'pore meeting will come as world readies for reset
Critical global issues such as climate change, job reskilling and food security will be up for discussion when the…
The recent meeting of the world leaders at the World Economic Forum online, as it turned out, has been only a rehearsal for the real forum, which is scheduled to be held in Singapore on August 17–20. The head of the forum, Klaus Schwab, has already announced the Singapore meeting and outlined the topics the participants will focus on.
First of all, climate change, reskilling and upskilling of workers, as well as ensuring food security are highlighted. But there is another aspect, which Schwab also refers to as key issue — the resetting of relations between the United States and China, the world’s leading economies, from a state of intense competition to constructive cooperation.
This is one of the reasons why Singapore has been chosen as the meeting place, to emphasize the importance of the economy of the ASEAN region for the global development. In more than 50 years of the forum’s existence, this will be only the second time that a meeting has been held outside Davos. The first time it was in 2002 in New York, the year after the 9/11 terrorist attack.
Schwab expects that some of the initiatives of the Singapore WEF will then be included in the agenda of major international meetings, many of which will be held in autumn. The UN General Assembly will take place in September, the G20 heads of state and government will gather for the summit in October in Rome, and the UN Climate Change Conference will be held in Glasgow in November.
Klaus Schwab expects that one of the initiatives that will be supported at major international summits after the WEF will be to join forces to reduce the time to develop vaccines for subsequent pandemics. In the case of COVID-19, it took 300 days. WEF proposes to reduce this time even further in the future — to 100 days. But for this, all stakeholders need to unite. In the case of pandemics, we are talking about the whole world.