In January 2019, I was invited back to the World Economic Forum (WEF) side forum to continue the discussion on how to address social and economic problems caused by the industrial revolution and globalization.
“Globalization 4.0 and the Fourth Industrial Revolution”, the theme of World Economic Forum 2019, acknowledges that globalization has created inequalities.
“Although many advanced economies have reaped enormous benefits from globalization and technological advances in recent decades, they have also experienced a hollowing out of the middle class; growing market concentration within many sectors which means fewer employers and less power for workers; as well as a decoupling between productivity growth and wage increases,” the WEF team stated.
How do we address these problems in an increasingly digital yet disconnected world?
Joined by Anna Maria Corazza Biltd, member of the European Parliament from 2009 until 2019, and Gert Sylvest, Co-Founder GM Tradeshift Frontiers, we built upon our conversation started in 2018 – How to build a values-based society and economy
In this discussion, we argue that a central priority for managing both globalization and the Fourth Industrial Revolution – in both advanced and emerging economies alike – should be fleshing out a new social contract that restores a sense of common purpose for all humanity and provides for basic economic security.
Our conversation is part of a larger campaign advocating for a values-based approach to international business development and defining Charter of Human Responsibilities in partnership with the Bohdan Hawerlyshyn Family Foundation.
You can read more about the inspiration for that campaign at http://buildstrongcities.com/bohdan/ or sign up to follow the campaign.