February 18, 2019
Latest News

Businessmen, leaders discuss future of world economy at Dubai summit

 US Nobel Prizewinner in Economics Paul Krugman (c) speaks at the World Government Summit on Feb. 10, 2019, in Dubai. EFE-EPA/JUAN VARELA

US Nobel Prizewinner in Economics Paul Krugman (c) speaks at the World Government Summit on Feb. 10, 2019, in Dubai. EFE-EPA/JUAN VARELA

Dubai, Feb 10 (efe-epa).- The World Government Summit in Dubai, attended by more than 4,000 delegates from 140 countries representing the business, cultural and political sectors, on Sunday featured speeches and discussions of peace, development and the present and future world economy.

The conference, organized annually by the government of the United Arab Emirates, included key international figures such as International Monetary Fund general director Christine Lagarde, several heads of state and assorted Nobel Prizewinners.

In the inaugural address of the conclave, Lagarde warned that the world economy is growing more slowly than anticipated because of various factors.

Key among those factors, Lagarde said, are trade tensions, tax hikes, financial restrictions, the uncertainty over Brexit and the deceleration of the Chinese economy.

In her speech, the IMF director laid out her vision of the future of the world economy, which - she emphasized - finds itself at a moment of "transformation."

Lagarde said that many jobs will change "radically" as a consequence of globalization and new technologies, noting that many jobs will be adapted to "artificial intelligence."

She also took advantage of her time at the speaker's podium to issue a call to all countries to fight against corruption, emphasizing that it creates a lack of confidence and puts the brakes on economic growth.

Less convinced about the positive effects of technology on the organization of labor was Nobel Prizewinner in Economics Paul Krugman.

The US economist emphasized that technology has changed a great deal in the past 25 years, but that has not meant much shift in the way people work, and so - in his judgment - the tech revolution has not been a truly "revolutionary" kind of change and the expected shifts in the workplace have not been as great as had been anticipated.

Pope Francis, who just wrapped up a trip to the UAE, also participated in the summit via a video message sent to the forum attendees reminding them that "one cannot speak of sustainable development without solidarity."

Via a video, the pontiff asked the attendees - in taking up "basic issues" like the challenges of politics and economic development - not to simply ask themselves what the best opportunities are to take advantage of, but rather "what kind of world we want to build together."

"We could also say that the good, if it is not common, is not true good. Perhaps now more than ever thinking and acting requires real dialogue with others, because without others there's no future for me," he said.

Peace and conflict were also among the issues discussed at the forum.

Former Colombian President Juan Manuel Santos, in his remarks in a panel on the issue, discussed the peace process that he led in his country emphasizing that the Revolutionary Armed Forces of Colombia guerrillas had to be treated as "adversaries, not as enemies."

"The most important thing is to convince the other party, especially the commanders, that for them personally it's better to negotiate peace than to remain at war," he said.

Some heads of government took advantage of the forum to call attention to their countries, with Pakistani Prime Minister Imran Khan appealing to foreign investors to back his country at a time when his government has undertaken a series of reforms that he admitted have been "painful."

It is time for investors to come to Pakistan, Khan told the audience, which included many multinational business leaders.

At the plenary session, Lebanese Prime Minister Saad Hariri talked about incorporating women into the labor forces and positions of responsibility in his country.

Hariri said that not involving women and not training them to work in all sectors represents a "great loss" for a country's GDP.

Also speaking on Sunday at the forum were Estonian Prime Minister Juri Ratas and French Economy Minister Bruno Le Maire.

The conference, which has been held in Dubai each year since 2012, is scheduled to wrap up on Tuesday.

News history
Prime Minister's Questions

London, Feb 18 (efe-epa).- A group of seven lawmakers have quit from the United Kingdom's leading opposition Labour Party on Monday in protest at its policy...

Amnesty condemns targeted violence against Kashmiris post attack

New Delhi, Feb 18 (efe-epa).- Amnesty International on Monday condemned reports of targeted attacks against Kashmiris in the country and urged India to...

UK committee rebukes Facebook in call for social media regulation

London, Feb 18 (efe-epa).- A United Kingdom parliamentary committee rebuked Facebook Inc. in a new report that calls for regulation and intensified scrutiny...

Pakistan calls back its ambassador from India for consultations

Islamabad, Feb 18 (EFE).- Pakistan has called back its ambassador in New Delhi after India threatened to diplomatically isolate it for its alleged...

North Korea's Kim Jong-un to visit Vietnam before meet with Trump

Ho Chi Minh City, Vietnam, Feb 18 (efe-epa).- The leader of North Korea will arrive in Vietnam end of February for a two-day state visit, just ahead of his...

North Korea at historic turning point, says official mouthpiece

Seoul, Feb 18 (efe-epa).- North Korea is at the cusp of a historical turning point, the country's official mouthpiece said on Monday in a seeming reference...

Argentinian President starts India tour with homage to Mahatma Gandhi

New Delhi, Feb 18 (efe-epa).- The president of Argentina on Monday paid tribute to Mahatma Gandhi, known in India as the Father of the Nation, at the start...

4 Indian soldiers among 7 killed in Kashmir gunfight

Srinagar, India, Feb 18 (efe-epa).- Four Indian Army soldiers, two militants and a civilian were killed Monday during a gunfight in Indian-administered...

Abe nominated Trump for Nobel Peace Prize

Tokyo, Feb 18 (efe-epa).- The prime minister of Japan on Monday avoided confirming whether he has proposed the president of United States as a candidate for...

Colombia rejects expulsion of MEPs by Maduro's "dictatorship"

Bogota, Feb 17 (efe-epa) - The Colombian government on Sunday rejected the decision of Nicolas Maduro's "dictatorship" to prevent the entry into Venezuela...

Rubio in Colombia, Gazprombank freezes PDVSA funds, Caracas boots Euro mission

Caracas, Feb 17 (efe-epa).- US Sen. Marco Rubio on Sunday arrived in the Colombian city of Cucuta to supervise the humanitarian aid that is being warehoused...

Sen. Marco Rubio arrives in Colombia to supervise aid for Venezuela

Bogota, Feb 17 (efe-epa).- US Sen. Marco Rubio on Sunday arrived in the Colombian city of Cucuta to supervise the humanitarian aid that is being warehoused...

Saudi crown prince arrives in Pakistan with promise of large investments

Islamabad, Feb 17 (efe-epa).- The crown prince of Saudi Arabia on Sunday arrived in Islamabad on a two-day official visit during which he is expected to...

Teachers in Iraq go on strike over deteriorating education system

Baghdad, Feb 17 (efe-epa).- Schoolteachers in Iraq went on a nationwide strike on Sunday, demanding reforms in the education system, as documented by an...

Heather Nauert withdraws as Donald Trump's pick for US Ambassador to UN

Washington, Feb 17 (efe-epa).- Heather Nauert, who was United States President Donald Trump's pick to serve as Ambassador to the United Nations, has...

Ahead in polls, Widodo faces second presidential debate before elections

Jakarta, Feb 17 (efe-epa).- The president of Indonesia was on Sunday to take part in the second presidential debate ahead of the Apr. 17 elections alongside...

Haitian prime minister announces measures in attempt to quell protests

Port-au-Prince, Feb 16 (efe-epa).- The prime minister of Haiti on Saturday night announced a series of measures aimed at alleviating the country's economic...

US military planes carrying Venezuela aid arrive in Colombia

Cúcuta, Colombia, Feb 16 (efe-epa).- Three United States C-17 military planes landed in the Colombian city of Cúcuta Saturday with the latest shipment of...

Heather Nauert withdraws from consideration as US ambassador to UN

Washington, Feb 16 (efe-epa).- US Department of State spokesperson Heather Nauert has withdrawn herself from consideration for the United Nations ambassador...

Trump meets with US trade delegation after Beijing talks

Washington, Feb 16 (efe-epa).- The president of the United States met Saturday with the team of negotiators who traveled this week to Beijing for a new...

Maduro gov't speaks of meetings with Trump envoy

Caracas, Feb 16 (efe-epa).- The Nicolas Maduro government said this Saturday that it has had at least two meetings with Elliot Abrams, designated by US...

Voters react angrily to last-minute delay to general elections in Nigeria

Abuja, 16 Feb (efe-epa).- Nigerians have reacted angrily to a sudden postponement of their general elections in Africa’s most populous country just hours...

Arbitrary detention allegations grow in crisis-racked Venezuela

Caracas, Feb 16 (efe-epa).- Arbitrary detention allegations are increasing day after day in crisis-racked Venezuela, where the number of purported political...

Russia, Syria to open 2 corridors to evacuate refugees from Rukban camp

Moscow, Feb 16 (efe-epa).- Russia and Syria have said they are going to open two humanitarian corridors to evacuate refugees from a hard-to-reach camp in...

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.