WGS in Dubai: Common future of the world is at stake; it’s important to re-globalise, says founder of WEF

WGS in Dubai: Common future of the world is at stake; it’s important to re-globalise, says founder of WEF

UAE - The World Government Summit is an important forum to discuss and reflect about the future which is essential when living in a fragmented world a global leader said on Sunday.

Klaus Schwab, Founder and Executive Chairman, World Economic Forum was speaking about and at the World Government Summit on Monday. He said that while people say that the world has become deglobalised he thinks it’s important to re-globalise. “We have to strengthen cooperation because we are faced with issues that are of existential importance for humankind,” he said.

The common future of the world is at stake, according to Klaus saying that instead of thinking that the world is going through multiple crises, he thinks that the world in which we live is caught in deep systematic transformation processes.

“There’s a difference between a crisis and a transformation. If you’re in a crisis you want to go back to the original point as soon as possible, to correct it. But in a transformational process you want to manage change and to come out in the end of the transformation in a better position in comparison to where you started off,” explained Klaus.

He said that the world at the moment is going