We are in an era of fiscal constraints marked by significant geo-economic and geopolitical challenges. This makes it increasingly difficult for nation states to reach international agreement on any long-term global issues.
L.A. Creates, the day-long interactive event was supported by the L.A. Global Shapers -- a group of 20-somethings from a diverse cross-section of cultures and industries that focuses on creating and implementing locally impactful initiatives
Years ago the Forum evolved from being a convener of meetings to becoming a think tank that does massive research. Today the organization intervenes in shaping the global agenda and has become a very activist organization that is having an important impact. Call it a "do tank" instead.
If we want to create more jobs, Europe has to invest heavily in the growth sectors of the future, be they genetics, nanotechnology or digitalization. This can only be done by strengthening research and innovation throughout the EU.
There is no legal framework for a member country to re-establish its own currency or for one member to expel another. Leaving would have far-reaching implications for a country's politics, finances, economy, society and future.
The European Union currently suffers from "competitiveness deficit" compared to other advanced economies. It has lagged behind the U.S. for the last two decades and, if we look at gross domestic product per capita, the gap has actually widened. Why is this?
How can we restore stability to the European banking system? A banking union is the only solution, including bank deposit insurance to protect savers' assets and a central regulator, the European Central Bank.
If you want to start a tech company and need capital, a web search for "venture capital firms" will return over 10 million hits. But if you have capital and just need a great idea, you are not going to find it with Google.
Even though capitalism has not been laid to rest, it is fair to say that capital is losing its status as the most important factor of production in our economic system. Capital is being superseded by the ability to innovate -- and therefore by human talents.
The state of the world is fraught with unprecendented imbalances and tremendous risks, and institutions are struggling to keep up with the changing times. Our only way out will be to make decisions that consider all stakeholders.
The world's movers and shakers come to Davos with high expectations, feeling, as Shakespeare's character put it: "I am giddy. Expectation whirls me around. The imaginary relish is so sweet that it enchants my senses!"