Davos opens hoping to "reshape the world"

Davos opens hoping to "reshape the world"
By Euronews
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Business leaders and and policy makers have gathered once again in the Swiss mountains for the World Economic Forum in Davos .

The theme this year is entitled “Reshaping the World” – it’s undoubtedly a bold mission.

Reporting for euronews, Sarah Chappell explained the Davos agenda:

“Davos this year is all about shaping the future – after years of economic crisis. But the rigorous steps being taken to revive growth are creating new risks. Those challenges are in the spotlight as well.”

While fiscal stimulus plans have helped get economies moving, it is the wealthy who have benefited the most.

The World Economic Forum believes that income disparity – the widening gap between rich and poor – is now one of the biggest risks to global stability in 2014.

W. Lee Howell, Managing Director, World Economic Forum:

“It [income inequality] is not something that is just a concern for OECD economies. BRICS and other major economic groupings have to look at this question. I think that what is going to come out of this [identifying the income inequality] is that: indeed, we have now dealt with the monetary issues that threatened the global recovery – let’s now get into the nature of that recovery.”

So, reviving the global economy in a fairer way is a key issue. But critics of Davos are sceptical whether one of the world’s most exclusive gatherings will be able to “walk the walk” as well as “talk the talk” on inequality.

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