With the profound shifts in the global economy, the world needs a new global convening platform to reflect the influence of emerging economies, to address the future of public and private partnerships and to identify solutions for cross-border issues affecting us all.
The Forum’s goal is to stimulate productive, fact-driven dialogue among participants in an effort to promote deeper understanding and develop actionable solutions on important global issues.
We need real conversations that produce real change.
Postwar institutions are struggling to adapt to the realities of the New Economy. Meanwhile, China is establishing new bodies as it advances its ambitious Belt and Road Initiative. How can the great powers avoid the Thucydides Trap? The Forum will explore ideas to advance a new global order, one that builds on the success of the existing system and accommodates the aspirations of rising powers.
Will the world fragment into competing trade blocs? Could trade wars lead to hot wars? Forum delegates will look at ways to reinvigorate the WTO and compensate the losers of global trade. A rethink is urgently needed. One of the prime New Economy Forum challenges is to save the multilateral trading order — and preserve the peace—by imagining ways that trade can strengthen local communities.
Artificial intelligence threatens to eliminate a large proportion of existing jobs, while removing the ladder to prosperity for growing populations in the global South. Some predict a new “Space Race” to dominate the industries of the future. Our delegates will address the labor conundrum and propose specific measures to ensure that technology remains an arena for cross-border collaboration rather than zero-sum competition.
The New Economy is organizing around supercities. How can businesses, in collaboration with governments, help ensure that these vast population centers promote smart growth focused on improving the environment and narrowing wealth disparities? Mayors and city planners from around the world will share their experiences. The overriding goal: A better life.
Finance and Capital Markets
Rising economies from Asia to Africa are embracing fintech, ushering vast numbers of unbanked citizens into the global economy. Existing financial institutions must adapt their business models to hasten financial inclusion. Wall Street and The City should brace for growing competition as Singapore, Dubai and other hubs capture explosively growing trade and investment flows between countries of the global South. A major challenge for central bankers as the financial landscape shifts: avoiding the next financial crisis.
Left unchecked, climate change threatens communities around the world with rising temperatures and sea levels. New Economy countries are most at risk. For public and private sector leaders, what actions will have the greatest impact on creating a sustainable future? We will explore innovative approaches and launch concrete new initiatives.
The mass movement of rural residents to cities to find factory work has lifted hundreds of millions of New Economy citizens out of poverty. Middle-class consumers are now increasingly driving growth. Yet, these victories are clouded by the twin specters of protectionism in the rich world, which threatens trade, and labor-saving technologies, which limit opportunities in manufacturing. Our delegates will propose public-private solutions to a problem that is widening global inequalities. As global supply chains shrink, companies must rethink their social obligations.