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

Five Ws of Gandhi assassination

The Murderer, the Monarch and the Fakir: A New Investigation of Mahatma Gandhi’s Assassination By Appu Esthose Suresh and Priyanka Kotamraju HarperCollins, 240 pages, Rs 399 The bloodied shawl has long since faded to a vague brown and now sports

13 states told increase Covid-19 testing

In view of several countries reporting surges in Covid-19 cases and many developed nations facing fourth and fifth waves despite high numbers of vaccinations, the Ministry of Health and Family Welfare has written to the states of Nagaland, Maharashtra, Sikkim, Kerala, Goa, Manipur, Meghalaya, Mizoram, J&am

PMC Bank proposed resolution: Areas of darkness at the end of tunnel

A few months after the Punjab and Maharashtra Co-Operative Bank Ltd (PMC Bank) was put under moratorium in September 2019, I met an announcer in a function on banking organised by an industry body, with which I have been associated. She was young, pretty beautiful and had a sweet voice and modulation. She

Atal Innovation Mission and Vigyan Prasar collaborate to engage with science and Atal Tinkering Labs

 Niti Aayog’s flagship initiative, Atal Innovation Mission (AIM), recently announced to collaborate with Vigyan Prasar, an autonomous organization of the Department of Science and Technology, Government o

PM to lay the foundation stone of Noida International Airport on November 25

 In a major development, Uttar Pradesh is poised to become the only state in India to have five international airports, as Prime Minister Narendra Modi is to lay the foundation stone of the Noida Internation

President Kovind honored India’s Cleanest cities at Swachh Amrit Mahotsav

n a recent prestigious event the President of India Ram Nath Kovind felicitated the awardees of the cleanest cities of India at the ‘Swachh Amrit Mahotsav’as part of Swachh

Visionary Talks: Dr. Naresh Trehan, CMD Medanta Heart Institute with Kailashnath Adhikari



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter