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The World economic forum Annual Meeting 2022 is happening in Davos from May 22, 2022, to May 26, 2022. The meeting starts after a two-year pause due to the global healthcare Covid-19 pandemic. The world economic forum in Davos has purposeful themes and subjects this year.
All the preferences of the meeting are regarding the provision of global solutions to the problems.
The purpose of the annual meeting is to stand for the collective impact, provide an exclusive environment, and construct a problem-solving community. The community will deliver a framework to solve the profound global problems with the new era of comprehensive duty and collaboration.
The global leaders attending the forum have thrown light on the subjects of the economic downfall, and the energy, and food crises.
The world of economic forum has never been into such an array of unparalleled global issues as it now faces in 2022.
Several problems are present at one time as the world is recovering from a global healthcare pandemic with the impacts of the climate crisis, geopolitical storm, war, inflation, and many more.
World of Economic Forum
This year’s meeting was firstly arranged for January 2022, however, the arrangement was on hold due to the Omicron variant. Since the start of the pandemic, this is the first in-person conference started with public sessions.
The world leaders and the economies of the world are amidst the chaos of mounting debt, grave consequences of the pandemic, and climatic crisis.
The supremely vital matters comprising the Russian invasion of Ukraine, the energy crisis, rising inflation of food and fuel, the global trade and industry structure, and the health systems were discussed at the outset.
The president of Ukraine has delivered a special address to the meeting President Volodymyr Zelenskyy addresses Davos.
Volodymyr Zelenskyy showed gratitude to the global community for their sustenance during the hard and dark times. He called for more help to provide sufficient support to any country.
He voiced his views as,
“Maximum sanctions and a complete withdrawal from the Russian market. If the values of freedom are lost – everyone loses. We call on everyone to join this platform as more than half a trillion dollars of losses are in Ukraine with the urgent need to rebuild entire cities and industries. I dream for a modern, safe nation.”
The global healthcare pandemic of COVID-19, rising global debt, pandemic unemployment, climate change impacts, and the crisis of food and energy has worsened the already deteriorated situation.
The world is facing complications in the resolution of the global problems to decrease the food shortage and insecurity.
In the world economic forum 2020, the Strategies prepared by the government official and the world major economies have gone head over heels.
Distressingly, the policies were petite for the protection of individuals from the waves of numerous crises.
Amplification in inflation, snowballing energy bills, and fuel charges continued to increase the prosperity of rich and stable people. The affluent people of the world are still furthering from the calamities of the world. Underprivileged people face the biggest loss.
Furthermore, the fluctuations in climatic and weather conditions are causing heatwaves, unbearable temperature arranges, and terrible consequences.
Thus, questions are being raised that what climate change is and what climate change causes?
The strategies of leaders have been a failure in keeping standards of the economic structure and benefiting the people with equality.
Highlighted Points in the meeting
- The Russian invasion of Ukraine turned the tables being the game changer and the turning point in history.
- Solidarity with the individuals suffering from the violence of the war.
- The Global Economic Outlook.
- Outlook for inflation and the cost of living crisis.
- The outlook for debt with the comprehensive macroeconomic picture.
- De-carbonization across industries.
- Geopolitical and economic turmoil than in decades.
- Solution of the inequality challenges.
- Trade and investment recovery.
World economic forum 2021 happened virtually in January 2021 due to the pandemic spread of the Omicron variant.
The World Economic Forum 2022 stressed teamwork to tackle long-term failures.
The most beautiful and wholesome moment of the forum was the speech of The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani for Palestine.
He voiced his thoughts in favor of Palestine and the suffering of Palestinians.
He called the world for justice. Palestine is of exceptional importance and for prosperity the framework for peace is important.
A comforting note to individuals globally is only sent through unity, united efforts based on principles, and respecting each other’s sovereignty.
The World Economic Forum brings the world leaders and authorities together from across the world
The world has numerous serious concerns and the additional events accelerate the seriousness of the situation. The biggest worry is the weather and climatic conditions. The world economic forum has presented the idea of shared economic prosperity that would bring the world together. However, the thought is much more challenging.
Globalization has helped millions and millions of people to move out of poverty. Maybe in a not balanced way because some countries profited from it, others less so.
The vaccine equity with the best measures to monitor the potential to lower the spreading of future pandemics is also a major part of discussions in the world economic forum Davos.
The Geopolitical pressures have made it harder to solve tensions in trade and ultimately development has been slowed down in the world.
The Ukrainian delegates will be attending the meeting besides President Volodymyr Zelenskyy’s virtual address to the event.
Criteria of attendance in the meeting
However, Russian representatives are not invited to the meeting due to sanctions imposed on the government of Vladimir Putin.
The leaders and the attendees in Davos have to deliver the vaccination certificate, a negative PCR before arrival, and a second COVID-19 test on-site. Entrance is not allowed without documentation.
The Global challenges need global solutions, and we’re not seeing these global solutions and that’s where we have to push at Davos.
Individuals of the world are no longer trusting the verbal talks of the front-runners in Davos or probably anywhere. Practical actions have become requisite. The talks of equal opportunities, respect, and diversity have just left people in struggle.
People are inquiring about the activities of the leaders and want the policies that in reality solve their problems and fill their needs, rather than verbal accomplishments.
Numerous problems exist in the economy market like underinvestment in education, health care costs, and the lack of infrastructure.
Global cooperation related to resolving global challenges is necessary. Hungry people are angry people. They want to have guaranteed basic human rights.