Creating a Shared Future in a Fractured World

‘Experts’ have been taken to task for being ‘close focussed’, thinking only of their own area and not connecting with the wider world.  If infrastructure decisions are to improve our world, they need to take in the wider context.  How difficult this will be is, I think, indicated in the following statement of purpose for the World Economic Forum that begins this week in Davos.

Creating a Shared Future in a Fractured World

“The global context has changed dramatically: geostrategic fissures have re-emerged on multiple fronts with wide-ranging political, economic and social consequences. Realpolitik is no longer just a relic of the Cold War. Economic prosperity and social cohesion are not one and the same. The global commons cannot protect or heal itself.

Politically, new and divisive narratives are transforming governance. Economically, policies are being formulated to preserve the benefits of global integration while limiting shared obligations such as sustainable development, inclusive growth and managing the Fourth Industrial Revolution. Socially, citizens yearn for responsive leadership; yet, a collective purpose remains elusive despite ever-expanding social networks. All the while, the social contract between states and their citizens continues to erode.

The 48th World Economic Forum Annual Meeting therefore aims to rededicate leaders from all walks of life to developing a shared narrative to improve the state of the world. The programme, initiatives and projects of the meeting are focused on Creating a Shared Future in a Fractured World. By coming together at the start of the year, we can shape the future by joining this unparalleled global effort in co-design, co-creation and collaboration. The programme’s depth and breadth make it a true summit of summits.”

Global Risks 2018

Next week Australia will join world leaders, big business and international institutions at the World Economic Forum in Davos.   Ahead of this meeting WEF has released its Insight Report “The Global Risks Report 2018”.   It is worth reading – and fascinating! This is the world for which we need to make future infrastructure decisions. Here is a glimpse.

Also of interest for future planning is the section of the report that contains a chart showing how the risk profiles have changed year on year.

Thoughts?