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

“Script is the real hero”

Basking in the success of the new web series, ‘Scam 1992: The Harshad  Mehta Story ’,on SonyLIV, the OTT platform from Sony stable where the lead actors are new faces, NP Singh, MD and CEO of Sony Pictures Networks, has said that the script is the new hero. He credited the s

India’s active cases below 10% of total cases for three days

India’s trend of steadily decreasing active cases continues unabated. The number of Active Cases has remained below 10% of the total cases for the last three days, suggesting only one in 10 cases is active Covid-19 patient. The active cases comprise merely 9.29% of the total positive c

Cabinet clears bonus for non-gazetted employees

The union cabinet chaired by prime minister Narendra Modi on Wednesday gave its approval to pay productivity linked bonus (PLB) for 2019-20 to 16.97 lakh non-gazetted employees of commercial establishments like Railways, Posts, Defence, EPFO, and ESIC, with a financial implication of Rs.2,791 crore.

Covid-19: Daily new cases fall below 50K

India has leaped across several significant milestones in its fight against Covid-19. The new confirmed cases in the 24 hours to Tuesday morning have fallen below 50,000 (46,790, to be precise) for the first time in nearly three months. The last time the number of new cases was close to this level was on J

Media taking advantage of a divided Bollywood: Shatrughan Sinha

Legendary film star and politician Shatrughan Sinha has said that friendship in Bollywood is limited to onscreen, and there is no unity and some news channels are taking advantage of this situation. “Groups within the industry or their supporters may sometimes come together for some c

‘2.40 lakh TB cases went unreported in India in 2019’

In India, only 2.40 million out of an estimated 2.64 million cases of tuberculosis were reported to the government, that is, 2,40,000 TB patients went unreported, in 2019, according to the WHO Global Tuberculosis Report 2020. The reporting of TB cases, however, has significantly increased ov

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter