....About the importance of being at Davos, Al-Mady of SABIC said: “The company of fellow government and industry leaders is both educational and inspirational. Ideas and experiences can be freely exchanged, and mutual interests explored and promoted.” A comment from a delegate, Al-Mady observed, can be as rewarding as a daylong meeting with experts. “If I can walk away with an enriched vision and just one useful idea or if I can contribute to someone else’s insight or growth, then my participation (at Davos) will have been worthwhile.”
Among the heads of state or government participating in the Davos meeting are Jordan’s King Abdallah, Pakistani Prime Minister Shaukat Aziz, Malaysian Prime Minister Abdullah Badawi, Palestine President Mahmoud Abbas, British Prime Minister Tony Blair, South African President Thabo Mbeki and Lebanese Prime Minister Fouad Siniora.
Personalities from the media and cultural world will include Al Jazeera International’s Riz Khan, BBC’s Nik Gowing, Newsweek’s Fareed Zakaria, Bollywood actress Aishwarya Rai, musicians Bono and Peter Gabriel, author Paulo Coelho and chess champion Anatoly Karpov.
The annual gathering in Davos, which dates back to 1971, is this year co-chaired by Lord Browne of British Petroleum; Eric Schmidt of Google; Neville Isdell of Coca-Cola; Sunil Bharti Mittal of India’s Bharti Enterprises; Michelle Guthrie of Star TV; and James Schiro of Zurich Financial Services.
The summit will focus primarily on exploring the implications of the shifting power equation. New factors are influencing the global agenda, from rapidly rising emerging economies to radical shifts in communication power from institutions to individuals and small groups while consumers replace producers as catalysts for innovation. Whether and how these factors will disrupt or destabilize the global system over the coming decades is uncertain. The WEF will explore the possible implications and consider solutions for managing the shift.
The forum participants will also discuss how, despite huge financial resources committed to aid in the past, many countries are still struggling with poverty, hunger, disease and violations of human rights. The participants will look for answers to such questions as: How efficient is current development aid? How can they improve its quality? Should donor countries be able to decide how money is spent in receiving countries? What are the innovative sources for financing development?
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