Call to shape a new global architecture

In the age of the Fourth Industrial Revolution, a new global architecture is needed to enshrine international cooperation, overcome rising social polarization and protect the environment.
The world needs a new global architecture capable of supporting a “new deal for nature”, tackling social polarization and providing people with the means to access the education and skills needed to ensure mobility and prosperity in the age of the Fourth Industrial Revolution.
This was the message delivered at the Annual Meeting of the Global Future Champions 2018 in Dubai recently.
Børge Brende, president of the World Economic Forum, said: “Over the last two days we have heard your calls for a new narrative for global governance that joins together issues which have become too fragmented.
“One that weaves together action on climate change, oceans and biodiversity and promote tolerances and dialogue.
He said the Fourth Industrial Revolution is accelerating the rate of skills obsolescence.
Therefore, there is a need for new social contracts that go beyond social-safety nets.  This is to target affordable and scalable access to education as well as mobility of work and workers.
Also, authorities have to formulate new economic models that combine the narratives of wealth creation and wealth distribution.
“Finally, we need our governing institutions to become agile, informed by real time data which can maximize transparency and build legitimacy.”

Bringing ideas to Davos

Ideas likely to be taken to the Forum’s Annual Meeting in Davos-Klosters in January include the following.
  • The Global Future Council for biodiversity and the bioeconomy creates a practical “nature action agenda”.  This will mobilize wider business, innovation and public-private efforts to complement the Convention on Biological Diversity COP 15 in Beijing 2020, and beyond
  • A plan to develop a digital platform for entrepreneurs, investors and other stakeholders to collaborate and develop.  Additionally, pooling the resources of the Inter-American Development Bank’s IDB Lab and the Forum’s UpLink global entrepreneurship platform
  • Developing guidelines governing global opt-in regarding receiving diverse digital content based on Article 19 of the Universal Declaration of Human Rights
  • Building a platform to promote media literacy and combat visual mis- or disinformation.  This is with the view of a pilot being ready in advance of the European Union elections in 2019
  • Finally, to build a personal data privacy dashboard.  This is like a credit report where consumers can see their various data trails from across the internet.  It will potentially give the right to revoke any permissions on the spot

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