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March-April 2004

WORLD ECONOMIC FORUM

Business Leaders gather with much optimism, in Davos

World business leaders  attending the World Economic Forum in Davos, Switzerland said they hoped to take home a message of optimism on the global economy from the five-day  gathering in the mountain resort.

Introducing the program, World Economic Forum Founder and Executive Chairman Klaus Schwab said the theme, "Partnering for Security and Prosperity," is intended to ensure a broad discussion among the 2100 participants. After three Annual Meetings when single issues largely dominated deliberations – the global economic downturn in 2001, terrorism in 2002 in the wake of the 11 September attacks on the United States, and Iraq last year. "We have tried to arrange a program covering all the big issues on the global agenda, and ensure that they be discussed in a systemic way".  

The Annual Meeting Co-Chairs hailed the "unique opportunity" provided by the Meeting to exchange ideas not only with other corporate chiefs but also with government officials from  developed and developing countries, with scientists, philosophers, cultural and religious figures, tackling the world’s most pressing problems.

Marilyn C. Nelson, Chair and Chief Executive Officer of Carlson Companies,USA,  said "I would like to leave Davos with a sense of real optimism about global growth and the    creation of new jobs,", at a news  conference, also addressed by her three Meeting Co-Chairs and Klaus Schwab. "This Meeting can add to optimism about the outlook for the global economy so that we can get out of this depressing phase we’ve had over the past few years," said Walter B. Kielholz, Chairman of the Board, Credit Suisse Group, Switzerland.

John T. Chambers, President and Chief Executive Officer, Cisco Systems, USA, said the very first time he came to a meeting of the World Economic Forum he had come expecting to meet fellow executives and some of his company’s customers. "But I soon discovered this is a very unique event, bringing in political leaders, heads of non-governmental organisations, prominent scientists. ... I can hear and learn things here that I would not have if I travelled around the world."  “The Meeting is a great opportunity to meet people you would never normally meet" , said Carlos Ghosn, President, Nissan Motor Company, Japan,. Sessions on the margins of the gathering on art, science and faith issues "can offer business leaders a lot of new ideas and give them a better understanding of what is going on outside their own world".  Ghosn also firmly rejected a suggestion from one journalist that corporate scandals and what he called "lying" by executives in the United States and Europe over the past few years cast into doubt the honesty and sincerity of business leaders in pledging to observe social responsibility. "I think it is a generalisation to say that corporate leaders are lying. That is a bit excessive. There have been exceptions and they are grave, but they are exceptional," the Nissan President declared. Around the world there has been a strengthening of corporate responsibility, transparency and accountability.

Commenting on the reporter’s question, Schwab noted that two thirds of global companies identified by the authoritative Financial Times as the world’s most respected among business, market analysts and campaigning non-governmental organisations, are attended the World Economic Forum’s Meeting.

Source: World Economic Forum 
 

 

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