In a commentary written by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF) and published in The International Herald Tribune, Schwab writes:
“On Wednesday, the World Economic Forum (WEF) will convene 2,500 leaders from industry, government, media, civil society and international organizations for its 38th annual meeting. They will have traveled from 88 countries to arrive at this small alpine village. An obvious question to ask, particularly in an era of advanced communication, is why? … As the founder of the WEF, even I cannot provide a single overwhelming rationale. But I do believe that the theme for this year's meeting, ‘The Power of Collaborative Innovation,’ offers the most compelling answer. …
[M]y intuition is that those leaders joining us in Davos this week understand that, in the current global context, collaboration and innovation are highly undervalued concepts - particularly in a world that is shifting from mono-polar, hierarchical structures to multi-polar, ‘flat’ networks. … Although the primary responsibility for resolving pressing problems like climate change, water shortages, infectious diseases, disaster relief and corruption still rests with governments and international institutions, business can still play a role. By exercising the power of collaborative innovation, companies can ensure a consistent and sustainable framework for global engagement that adds value for both the companies and the global space in which they seek to nurture their businesses.
Admittedly, Davos does not function as a global crystal ball - nor as a kind of school of ‘appropriate manners’ for global decision makers. But even our detractors will concede that the WEF, with its multi-stakeholder philosophy and interdisciplinary approach, captures the zeitgeist and often foreshadows the changes, challenges and champions that loom just over the horizon….” [The International Herald Tribune] - Source: By The World Bank
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