Inequality, Instability and Weak Global Governance Lead to Pessimism, Leaders Warn

  • world economic forumThe sixth Summit on the Global Agenda ends with calls for multilateral and stakeholder cooperation
  • High unemployment in many economies is feeding the lack of trust in governments to deliver solutions
  • Young people urged to get involved in debate

Abu Dhabi, United Arab Emirates, 20 November 2013 − The sixth World Economic Forum Summit on the Global Agenda – the world’s most extensive brainstorming event – ended today, with business, government and civil society leaders warning of the dangers of inequality, instability and the weakness of global institutions, but offering optimism for the future. “Inclusion and jobs – that is the number one issue for us,” said Donald Kaberuka, President of the African Development Bank (AfDB) in Tunis, in the closing session of the three-day summit. “We have seen a rolling back of multilateralism. Low-income countries that entertain the hope of growing out of poverty through the Doha Round [of global trade talks] are dispirited. The same thing with climate change and migration. Where are the multilateral solutions that we all need?”