Arab Press

بالشعب و للشعب
Friday, Mar 24, 2023

World leaders have a chance to shape the future for better – or worse, World Government Summit told

World leaders have a chance to shape the future for better – or worse, World Government Summit told

The world has reached “an inflection point in history” where leaders have an opportunity to make positive decisions on policies that could have an impact on future generations, the World Government Summit was told on Monday.
Speaking in on a session addressing geopolitics and economics, Frederick Kempe, president and chief executive officer of the Atlantic Council, said “There were failures and successes after each world war.”

He said since 2020 there has been a number of significant historical moments – not least the outbreak of Covid-19 and more recently Putin’s invasion of Ukraine.

He described the war in Ukraine as a “wake up call for us all,” but added that “Putin has not been victorious.”

Kempe added that elsewhere “We haven’t gone into the deepest darkest recession. We have inflation somewhat under control.”

He described 2023 as a “hinge” where the current situations could either end well, or not.

But he warned that turning points in history did not follow a calendar and took as long – or short – a time as it took for an outcome to be established.

Referring to inflection points, from an American standpoint, after World Wars One and Two and the Cold War, he said there were periods of time which he referred to as a “plastic moment where history can be shaped – for better or for worse.”

“After World War One we missed a historic moment, the League of Nations failed. the Versailles Treaty failed.”

Post World War Two, Kempe said “we did better.”

The event of the Turkiye- Syria earthquakes that have killed tens of thousands, saw world leaders respond, sending aid in various forms.

But there was a still a risk for things to worsen – the quake death toll continues to rise and in Ukraine Putin’s forces continue to push.

He said the world had reached “an inflection point in history” where leaders had an opportunity to make positive decisions on policies that would have “an outsized influence that can have generational outcomes.”

He said that he believed the worse outcome would be if Russia was successful in its invasion of Ukraine.

The future of the world is not just decided by the barrel of a gun on a battle field – more now than ever before, commerce is a dominant player.

Chairman of construction firm Walbridge and former US ambassador to the UAE, John Rakolta Jr., and Dean of Said Business School at the University of Oxford, Prof. Soumitra Dutta, said there was a need for global cooperation with investment capitals.

During the session Rakolta said governments could learn from privately owned businesses.

“The private sector has the ability to identify a problem and look at ways to solve it. We measure risks, we are not afraid to make mistakes, as our biggest failures become our biggest lessons,” he added.

Dutta said: “The world is divided between the haves and the have-nots and the gap between the two is large. You need good governance and institutions to attract good investment.

“We have to work together; we have to continue making connections to each other. It is important to understand we do not become great separately but by coming together.”

The final session, held under the title Enhancing a Global Economy for a Growing Population, was hosted by Michala Marcussen, group chief economist of Societe Generale, and David Rosenberg, co-founder and CEO of AeroFarms.

American indoor agricultural company AeroFarms plans to expand into Saudi Arabia this year in partnership with the Kingdom’s Public Investment Fund.

Rosenberg said: “We need to embrace the technologies of robotics, animation, and computing powers.”

He highlighted how shortages of food and water supplies, brought about by climate, war, and natural disasters, could be resolved with the use of technology.

On global cooperation, Marcussen said: “We have witnessed a decline in recent years on global cooperation and working across borders to work together but it is the best solution for positive outcomes.

“It is not only the right technology that we need but the correct behaviors put forth by governments,” she added.

Monday’s panel was moderated by the Arab News editor-in-chief, Faisal J. Abbas, at the World Government Summit.

Related Articles

Arab Press
Donald Trump arrested – Twitter goes wild with doctored pictures
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
If this was in Tehran, Moscow or Hong Kong
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Spain officials quit over trains that were too wide for tunnels...
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
European MP Clare Daly condemns US attack on Nord Stream
Tucker Carlson called Trump a 'demonic force'
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
Saray Street in Hatay-Antakya before and after the earthquake
U.S. Jet Shoots Down Flying Object Over Canada
Nord Stream terror attack: David Sacks breaks down Sy Hersh's story
Being a Tiktoker might be expensive…
Miracle: El Salvador Search and Rescue teams, with the support of Turkish teams, rescued a woman and a child from the rubble 150 hours after the earthquake
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.
China's top tech firms, including Alibaba, Tencent, Baidu, NetEase, and, are developing their own versions of Open AI's AI-powered chatbot, ChatGPT
This shocking picture, showing how terrible is the results of the earthquake in Turkey
President Joe Biden delivered the 2023 State of the Union Address , in order to help Americans that missed the 2022 speech, do not have internet, and suffer from short memory.
The desk of King Carlos Alberto of Sardinia has many secret compartments
Today's news from Britain - 9th February 2023
The five largest oil companies in the West generated combined profits of nearly $200 billion in 2022, which has led to increased calls for governments to impose tougher windfall taxes
2 earthquakes in Turkey killed over 2,300 people
Powerful Earthquake Strikes Turkey and Syria, Killing More Than 1,300 People.
Turkish photographer Ugur Gallenkus portrays two different worlds within a single image. Brilliant work
Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
Shell reports highest profits in 115 years
EU found a way to use frozen Russian funds
First generation unopened iPhone set to fetch more than $50,000 at auction.
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
Almost 30% of professionals say they've tried ChatGPT at work
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
What is ChatGPT?
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Tesla reported record profits and record revenues for 2022