We are at a crossroads and 2025 will be a big year, says Borge Brende, President and CEO, World Economic Forum (WEF), as we need new ways of cooperation in a more uncertain world. Speaking at “one of the most uncertain geopolitical and geoeconomic moments in generations," he told a group of global leaders the old international order of the last 30 years has disappeared.
“We need to find more effective ways to work together. It is the only way forward,” he said.
Klaus Schwab, founder of World Economic Forum (WEF) called for ‘constructive optimism,’ and asked all stakeholders – government, business, civil society and academia – to come together to solve the problems.
“This transition from the Industrial to the Intelligent Age is occurring at an exponential pace, carrying unprecedented risks for humanity as we strive to prepare and adapt for its complexities,” he said.
“Yet, it also offers significant opportunities to transcend our current challenges and spark a new renaissance – one defined by advancements in knowledge, health, culture and societal welfare,” added Schwab.
Looking at the changing world order Ursula von der Leyen, President of the European Commission, outlined Europe’s plan to adapt to a new era of “harsh geostrategic competition” by increasing its competitiveness, strengthening global partnerships and staying committed to sustainable development.
“To sustain our growth in the next quarter of the century, Europe must shift gears,” she said. “We should not take anything for granted. We must look for new opportunities wherever they arise. This is the moment to engage beyond blocs and taboos. And Europe is ready for change.”
German Chancellor Olaf Scholz called for more security and prosperity in the face of global challenges, saying partnerships are the “engine for successful economic development.”
He mentioned plans to reform German public debt rules to boost domestic growth and Europe needs to strengthen its defence capabilities and industrial base.
As Ukraine war enters its third year Volodymyr Zelenskyy, President of Ukraine, asked Europe to become a global leader.
“Europe needs to compete for the top spot in priorities, alliances and technological development,” Zelenskyy stated. “We need a united European security and defence policy, and all European countries must be willing to spend as much on security as is truly needed.”
