Modi at Davos: On how to realise the dream of a beautiful shared future

Lists three threats to civilisation: climate change, terrorism and ‘the opposite of globalisation’

GN Bureau | January 23, 2018


#development   #economy   #Narendra Modi   #Davos   #World Economic Forum   #WEF 2018  


Prime minister Narendra Modi underlined the need for a consensus among the nation to realise the dream of a beautiful shared future, as he addressed the plenary session of the World Economic Forum (WEF) in Davos on Tuesday.

After introductory remarks by the Forum's founder and executive chairman Klaus Schwab and Swiss Confederation president Alain Berset, the prime minister of the world's largest democracy took the stage. He said the last time an Indian PM was in Davos, 21 years ago, India's GDP was around $400 billion, and today it's six times that.

In 1997, there were no signs of Brexit or the Asian financial crisis, Google was yet to be launched, and tweeting was something that was done by birds, not humans, he said. Now we live in a society that is a network of other complex networks. Today, we are living in the world of big data, AI and robots. Technology has impacted every aspect of our lives, Modi said.

This is creating the greatest opportunities, but also huge challenges. Rapidly changing technology could lead us to prosperity, but it is also creating fault lines. Is our global order widening these fault lines? How can we eliminate these rifts, and realise the dream of a beautiful shared future, Modi asked.

In order to fight the challenges we face, we must overcome the lack of consensus that exists between nations, he added. Modi then listed what he considers as the three main challenges that post the greatest threat to the survival of civilization as we know it.

The ice caps are melting, islands are sinking. Floods, drought, we see the impact of extreme weather events everywhere, he said. Everyone talks about reducing carbon emissions, but there are very few countries that back their words with resources and help emerging countries.

We have moved from frugal consumption to needs-based consumption, to greed consumption: is this development, or our downfall, he asked.

The second great challenge is terrorism. Terrorism is dangerous, he said, but equally dangerous is the artificial distinction between good and bad terrorists. He also hoped that the world can find a solution to the radicalization of young people.

Thirdly, more and more countries are becoming focused on themselves. The opposite of globalization is happening, he said. Everyone is talking about an interconnected world, but we have to realize that globalization is losing its lustre. The forces of protectionism are raising their heads. They want to reverse the natural flow of globalization, he added.

Bilateral trade agreements have come to a standstill. Most nations have seen a decrease in cross-border investment. Growth in the global supply chain has been stopped. The answer to this is not isolation, but accepting change.

Comments

 

Other News

On a personal note: DIVINE

An underground rapper who grew up on Mumbai streets, Divine spins his music around his environment and poverty. His breakout single, ‘Meri Gully Mein’, along with fellow rapper Naezy caught Bollywood’s attention. The Hindi film ‘Gully Boy’ is inspired by their lives and gr

The role model for an IAS officer

Anil Swarup, an IAS officer of Uttar Pradesh cadre who retired in 2018, is a model bureaucrat who retained his optimism right till the end of service and exemplified dedication and commitment. His excitement at the opportunities that a job in the IAS provided is evident on every page of his new book publis

Reform of the civil services: At home and away

The question of reform of the civil services has been debated extensively at all levels at least over the last five to six decades after independence. Indeed, it was soon perceived that the Indian Administrative Service (IAS) may not be well equipped to deal with the problems of an emerging developing coun

The greatest challenge for any government

Shouting vengeance at all and sundry while wriggling out of holes of our own making seems to be our very special national characteristic. Some recent instances are illustrative of this attribute. A number of business tycoons with thousands of crores of unresolved debts have fled abroad with the government

The mysterious case of CBI’s legality

The Central Bureau of Investigation (CBI) came into existence, based on a Resolution of the home ministry, dated April 1, 1963 – a sheer coincidence that it also happens to be April Fool’s day. Over the past few months, we have seen the CBI live up to its founding day with great zeal, being i

The Evolution of Modi

Gujarat was passing through a turbulent phase in the 1980s. The decade began middle class agitations against new reservation policies, and the caste friction turned communal under the watch of chief minister Madhavsinh Solanki, alienating majority of urban population on both counts. The ground was ripe for

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter