Friday, March 8, 2013

WEF calls for “golden triangle” approach to tackle global woes

On January 23, 2013, world business leaders attending the World Economic Forum annual meeting at Davos said there is a need for a “golden triangle” collaboration between governments, companies and the civil society to rejuvenate the global economy, create jobs and fight corruption.

They also urged the economic movers and shakers attending the World Economic Forum meeting to join forces to chart a clear path for the way forward.

The meeting, with participation of influential world leaders like British Prime Minister David Cameron, as well as Indian Ministers and businessmen, took place at a time when fiscal woes across continents and anaemic world economic growth were posing policy as well as political challenges.

Setting the tone for the deliberations at this snowy resort town, Coca-Cola Company chairman and CEO Muhtar Kent, also co-chair of the WEF meet, said that growth and job creation are going to be key for the global economy going forward.

The call for collaborative efforts came against the backdrop of corruption issues coming to the fore in various countries, including India, where the role of companies, banks, the government as well as individuals have come under the scanner.

Besides Cameron, German Chancellor Angela Merkel, Russian Prime Minister Dmitry Medvedev, heads of World Bank, IMF and CEOs of many blue-chip firms were in attendance.

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