The world’s political and business leaders to meet more often to tackle the current economic problems
The world’s Political and Business leaders agreed at the Davos conference to come together more often to share the task of tackling the all the challenges of sinking consumer demand, to climate change.
Last weekend, the conference ended with no consensus on how to solve the world’s economic problems. The leaders are faced with a lack of confidence in western business, industry, and government, by people around the globe. In fact the it was reported in the Financial Times that the delegates “struggled to agree on a single answer to the crisis.”
It was reported that most executives agreed that more regulation was inevitable, but that the new regulations to be limited to, and designed to give business incentives to invest in the future and to stay focused on the consumer and on sustainable energy issues, and that more “collaboration” is necessary going forward.
Noting the theme of the 2008 forum: “The power of collaborative innovation”, contains much of what is required in theme of the 2009 forum, i.e. the shaping of the world, post financial crisis .
Lee McIntire, chief executive of CH2M Hill, an engineering and construction group, said: “Remember, we’re not always right at this conference. When I was here last year, what I kept thinking was, that if I could help my customers with water, energy and sustainability, I’d do really well profit-wise. . . The world has changed a lot since the last Davos forum.”
Trillions of US$s will have to be spent to bring confidence back into the system, thus bringing forth the question, where will this money come from?
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