How a chocolate bar gives hope for a new economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Achim Steiner, Administrator, United Nations Development Programme (UNDP) As the world seems to wake-up to new challenges on a daily basis – from devastating wildfires in Australia, to the unpredictable global spread of a new coronavirus – it […]

This is the IMF’s latest take on the economy in 2020

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Briony Harris, Senior Writer, Formative Content Climate change is already having an impact on the global economy. Countries must ensure the vulnerable are protected in order to maintain social cohesion. Despite the note of optimism, significant risks remain. […]

Negotiations on Investment Facilitation at the WTO gain support at Davos

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Ministers at Davos announced negotiations between 99 economies on a new international framework on investment facilitation for development at the World Trade Organization (WTO), with the strong support of business and other key stakeholders. The framework is aimed at […]

The world needs a circular economy. Help us make it happen

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Frans van Houten, Chief Executive Officer, Royal Philips & Naoko Ishii, Chief Executive Officer and Chairperson, Global Environment Facility The circular economy could be a $4.5 trillion business opportunity. Only 9% of the global economy is circular at […]

E-commerce is globalization’s shot at equality

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Henadi Al-Saleh, Chairperson, Agility Small businesses have global potential thanks to e-commerce. SMEs active on the internet export more than traditional businesses. Heightened economic activity can especially benefit women. Globalization got a bad rap in part because, by […]

We need better alignment between climate and trade. Here’s a roadmap

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Carolyn Deere Birkbeck, Senior Researcher, The Graduate Institute, Geneva; Senior Research Associate, Global Economic Governance Programme, University of Oxford & John W.H. Denton, Secretary-General, International Chamber of Commerce (ICC) Trade and climate policy-makers have worked in separate silos […]

Is corporation tax good or bad for growth?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jane McCormick, Partner; Global Head, Tax, KPMG & Christopher Morgan, Head of Global Tax Policy, KPMG Business requires a stable society to which it should contribute. Business pays taxes on production, people, property and environmental impact, as well […]

A win-win strategy for private equity deals

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: David Novak, Partner, Clayton, Dubilier & Rice LLP ⦁ Dealmaking is not a zero-sum game. ⦁ Sellers should select a buyer based on their view of the new owner’s ability to increase the value of the business. ⦁ […]

Financial services are changing. Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Michael C. Bodson, President and Chief Executive Officer, Depository Trust & Clearing (DTCC) Disruptive technology is empowering financial services clients. APIs enable the development of financial services applications that can be customized to an organization’s needs. The industry […]

How green investment will help Latin America and the world fight climate change

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Luis Alberto Moreno, President, Inter-American Development Bank Climate change is having a dramatic effect on Latin America and the Caribbean. Most people in the region view climate change as a major peril. Costa Rica, Chile and 21 regional […]

Here are 3 ways venture capital can fund a better future

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Zachary Bogue, Managing partner and co-founder, DCVC Venture capital investment in artificial intelligence (AI), massive cloud computing, robotics and the application of molecular and biological science could reshape major global industries. “Deep Tech” offers an investment opportunity at […]

Why we need to rethink geo-economics to beat climate change

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Abhinav Chugh, Content and Partnerships Specialist, Strategic Intelligence, World Economic Forum On Mousuni Island – a part of the Indian Sunderbans with a rich ecosystem and UNESCO World Heritage site status – the climate crisis has already threatened […]

How venture capital can transform global health

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Dr Nina Rawal, Founder and Managing Director, Emerging Health Ventures Venture capital can turn scientific discoveries into consumer products for patients in LMIC. It has transformed the market for rare disease medicines, bringing huge benefit to patients worldwide. […]

The Fourth Industrial Revolution is redefining the economy as we know it

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Katica Roy, CEO, Pipeline The Fourth Industrial Revolution (4IR) upends current economic frameworks. Who makes money – and how – has changed. Demographics have changed. Even the skills that brought our society to where we are today have […]

This digital currency could build a more sustainable global economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Liu, chief product officer, Fusion Foundation & Peter Lyons, Senior Adviser, Emerging Technologies, Lapa Capital Whether we are talking about trade and investment or banking and payments, stablecoins and the technology underlying them will be the building […]

The world’s economy is only 9% circular. We must be bolder about saving resources

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Janez Potocnik, Co-chair, International Resource Panel & Antonia Gawel, Head of Circular Economy Initiative, World Economic Forum The immense progress in human development over the past century has provided incredible opportunities for many, yet it has been largely fuelled […]

Why enterprise risk management is the future for banks

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jeffrey Brown, Partner, Oliver Wyman’s Risk and Organizational Effectiveness practices, Washington DC & Michael Duane, Partner, Oliver Wyman’s Financial Services practice & Til Schuermann, Partner and Co-Head, Oliver Wyman’s Risk and Public Policy practice Regulators and risk managers have […]

Why trade wars have no winners

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Anahita Thoms, Partner, International Trade Practice, Baker McKenzie, Germany Public support for free trade is shrinking and the long-standing political consensus that trade liberalization is beneficial is under attack. The US in particular has recently shifted towards protectionism by […]

Here’s how a circular economy could change the world by 2030

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Leanne Kemp, Chief Executive Officer, Everledger Let me share my vision of 2030. By then, we are living in a global circular economy that has become ‘intentionally transparent’. This open mindset has released a surge in trust throughout the […]

How private equity can fund the fight against climate change

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jennifer Wong, Research Analyst, Private Investments – Impact, Glenmede Trust Company Technological advances in wind and solar now make renewable energy cost-competitive with traditional forms of energy generation. However, despite decreasing costs, renewables have not reached grid parity in […]

These are the world’s 10 most competitive economies in 2019

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Thierry Geiger, Head, Benchmarking Practice, World Economic Forum & Roberto Crotti, Economist, World Economic Forum Since 1979, the World Economic Forum has been taking the temperature of long-term economic growth and productivity in its Global Competitiveness Report. The 2019 […]

Are we at risk of a financial crisis? Our new report takes a look

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Guy Miller, Chief Market Strategist and Head of Macroeconomics, Zurich Insurance Economic risks remain high, with the risk of a fiscal crisis taking top spot among executives, finds the latest Regional Risks for Doing Business Report from the World […]

Here’s how to close the $176 billion health financing gap

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Matthew Guilford, Co-Founder & CEO, Common Health & Dr. Christoph Kurowski, Global Lead for Health Financing, World Bank Group The question of how we pay for healthcare has taken centre stage on the global agenda. US presidential candidates are […]

The new crisis is already creeping into the financial system

Unquestionably, everything is wrong in the international financial system, even though the major central banks have actually donated trillions to the banking ‘community’. The US central bank, the Fed, has lent almost free of charge $4.5 trillion to the American banking hub. On this side of the Atlantic Ocean, the European Central Bank has done […]

Why a global recession isn’t inevitable

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Beñat Bilbao-Osorio, Senior Economist, European Commission’s Directorate-General for Research and Innovation The end of this week will showcase two important events for global economic governance. First, central bankers, leading academics and representatives of international organizations from around the world […]

Can we create an empathic alternative to the capitalist system?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Murilo Johas Menezes, Expert in the future of long-term investing and social innovation, World Economic Forum Any attempt to propose a detailed alternative to the capitalist economic system in a short article could be seen as somewhat presumptuous. […]

How is the global economy fairing 11 years after the financial crisis?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gita Gopinath, Chief Economist, International Monetary Fund (IMF) Following the global financial crisis, overall current account surpluses and deficits fell sharply from about 6 percent of global GDP in 2007 to about 3.5 percent in 2013. Since then, as […]

5 things weighing on the world economy, according to the IMF

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Rosamond Hutt, Senior Writer, Formative Content “Sluggish and precarious. But it doesn’t have to be this way because some of this is self-inflicted.” That’s how the International Monetary Fund’s (IMF) Chief Economist Gita Gopinath recently summed up the state […]

These 5 industries can drive digital financial inclusion

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Dan Salazar, Director, Mastercard & Carlos Monteverde, Product Manager, Mastercard What good is a hammer without a nail – or, for that matter, without a piece of wood? A hammer can be a powerful tool, but alone, it’s just […]

Get out, stay out: how financial resilience helps end poverty

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Leora Klapper, Lead Economist, Development Research Group, World Bank Hundreds of millions of people around the world live in extreme poverty. Global development work mostly focuses on helping those poor people become prosperous. Policy-makers generally support financial inclusion because it […]

EU-Turkey relations: EU considers imposing sanctions while Turkey keeps violating Cyprus’ sovereignty

Turkey continues violating the sovereignty rights of Cyprus by conducting a new illegal drilling operation on the northeast of the island. The EU had already urged Turkey last month to stop its gas drilling in waters around Cyprus. Thus the EU bloc will now have to intervene to resolve such disputes. However, Turkey kept on […]

Trump after marginalizing G20 attacks Europe and China where it hurts, brandishes currency war

Last week’s G20 meeting in Osaka confirmed that the forum’s commonly shared concern about our future on the planet is definitively a thing of the past. Last week, the cacophony at the table of the 20 heads of the largest countries of the world – which first appeared last December in Buenos Aires – became […]

Who is first (and last) in the race to build a workforce fit for the future?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emily Glassberg Sands, Senior Director of Data Science, Coursera & Vinod Bakthavachalam, Senior Data Scientist, Coursera The Fourth Industrial Revolution is transforming the world of work. Technology is advancing faster than humans, disrupting both jobs and the skills needed […]