World Economic Forum
The World Economic Forum (WEF) Annual Meeting in Davos , Switzerland brings together prominent individuals from business, government and academia to discuss pressing global issues and identify solutions to these challenges. This 45th Annual Meeting convenes under the theme, "The New Global Context". There will be over 2500 participants from more than 140 countries. The agenda will focus on key challenges of "The New Global Context" including economic growth and social inclusion, climate change and the future of the internet. There will be over 40 heads of state and government present.
In addition to many of UBS's most senior management attending the 2015 Annual Meeting, UBS has launched a White Paper entitled, The New Global Context: Could economic transformations threaten stability? The paper includes a foreword by Axel Weber, Chairman of the Board of Directors and Sergio P. Ermotti, Group Chief Executive Officer. The white paper draws on analysis from across UBS to tackle the central theme of the Annual Meeting – The New Global Context faced by the world economy this year and beyond. It examines four key pillars of development – US energy independence, technological innovation, the exit from loose monetary policy, and the environmental credit crunch. It also recommends solutions to related challenges for the global economy, including geopolitical tensions, financial vulnerabilities, and poverty.
UBS and the World Economic Forum launch The Davos Challenge: Walk for Education, a program designed to help cut the time children in rural South Africa travel to school and improve their learning opportunities.
Executive Summary of our White Paper (excerpted from the Foreword by Axel Weber and Sergio P. Ermotti
The world is undergoing major transformations. To take just two examples: technological development is changing our everyday personal and business lives, and the emergence of the US as a major energy provider is changing the global calculus, shifting the balance of power away from oil suppliers and toward consumers. Both should be seen as positives. But without better global integration and cooperation they could each prove to be a force for ill, rather than good.
The era of globalization has provided a major boost to global growth, and lifted hundreds of millions of people out of poverty. In large part thanks to the benefits of globalization, the global extreme poverty rate has halved in the past 20 years. Yet today, integration and cooperation
Between countries and people around the world is slowing, or even reversing the potential for elevated
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