54th Annual Meeting of World Economic Forum

• 17 Jan 2024

The 54th World Economic Forum (WEF) Annual Meeting, set for January 15 to January 19, 2024, in Davos, Switzerland, brings forth a compelling narrative as India claims a spotlight under the overarching theme, "Building Trust”.

Key Points

• 'Back to Basics' Approach: Fostering Open Dialogue: Davos 2024 adopts a 'back to basics' approach, emphasizing open and constructive dialogue among government, business, and civil society leaders to address the complexities of the current global environment.
• Focus Areas: Four Key Agendas: The meeting will center on four key focus areas, addressing issues such as rising geopolitical tensions, fostering economic growth and jobs, leveraging Artificial Intelligence (AI), and formulating a long-term strategy for climate, nature, and energy.
• Achieving Security and Cooperation: Addressing security crises amidst geopolitical tensions, the forum aims to strategize effective approaches to identify areas for cooperation, ensuring mutually beneficial outcomes amid global fragmentation.
• Creating Growth and Jobs: Discussing collaboration among government, business, and civil society to establish a new economic framework, preventing prolonged low growth and prioritizing individual well-being. Minimizing trade-offs and maximizing synergies will be a key focus.
• AI as a Driving Force: Delving into the role of Artificial Intelligence (AI) in driving the economy and society, exploring ways to harness AI for universal benefit and its interaction with transformative technologies like 5/6G, quantum computing, and biotechnology.
• Long-Term Strategy for Climate and Energy: Comprehensive Approach: The forum aims to discuss a long-term strategy for climate, nature, and energy, envisioning a carbon-neutral world by 2050. Strategies will focus on ensuring affordable, secure, and inclusive access to energy, food, and water.
• WEF's Objective: Navigating the complexities of the current global environment, the WEF aims to provide insights through discussions on society, technology, science, and industry, fostering a comprehensive understanding of the prevailing challenges.