Lists three threats to civilisation: climate change, terrorism and ‘the opposite of globalisation’
GN Bureau | January 23, 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.
Even as the railways minister Piyush Goyal lays thrust on the 100 percent electrification of entire rail network by 2022, the task cut out for the railways seems to be a strenuous one as it comes with multifarious challenges. Indian Railways has said that it would electrify 38,000 route kilo
Prime minister Modi and president Putin’s meeting at the 19th Indo-Russian summit in New Delhi on October 5 has set a new pace for a ‘special and privileged strategic partnership’ between the two nations. This has come in the aftermath of the Modi-Putin informal meeting at Sochi on May
When the supreme court ruled that women of menstruating age cannot be prevented from going to the Ayyappa shrine in Sabarimala, political parties in Kerala hailed it as a historic victory for gender equality. But now the streets of Kerala are full of men and women protesting against the court order and b
For the past fortnight, Gujarat has witnessed an exodus of migrants from Hindi-speaking states like Uttar Pradesh and Bihar. The migrants, mostly of the labouring classes, have been attacked by locals after a 14-month old girl was raped, allegedly by a Bihari whom the police have arrested. The rape survivo
Goa Shipyard Limited, CMD, Rear Admiral (retired) Shekhar Mital said that GSL’s revenue has moved up by 32 per cent from Rs 1,102 crore in 2017 FY to Rs 1,452 crore in 2018 FY, while operating profit has moved up fro
BHEL has clinched four orders worth Rs 2,900 crore for emission control equipment from NTPC. BHEL has been a major player in this area for more than a decade and was one of the earliest entrants in the Indian market for emission control equipment, having successfully exec