World Economic Forum 2018, Davos

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In this we will discuss something interesting about the world economic forum.
·       - History of WEF
·        -Theme of this year
·        -Modi Ji at DAVOS
·        -The inclusive development index 2018
·        -Crystal Award
·        -Davos on World Map

We ll be covering all the above mentioned topic and that too in an understandable  language.


HISTORY


The world economic forum was established as a nonprofit organization in GENEVA, Switzerland, in 1971. The organization was founded by KLAUS SCHWAB.
Every year the forum is organized at DAVOS and hence it is also popular as DAVOS SUMMIT. One thing which is very interesting about WEF is that its base was set up at Geneva but the summit take place at Davos.

The main objective behind this forum is to improve the world through public-private cooperation by engaging the foremost politician, business and other leaders of society to shape this world better.


Theme: Creating a shared future in a fractured world.


Well, the theme seems to be quite serious as it mentioned a word FRACTURE WORLD. What actually does the above phase emphasizes?
It points out to the current scenario of the world i.e.

1.     North Korea nuclear Issue
2.     Middle East issue
3.     USA( Paris summit withdrawal)
4.     India-China & India-Pak Border tension.
5.     American First-Foreign policy

Collectively, the entire world is going thorough a change and to balance this change we need to talk and to begin this talk the world economic forum is the biggest platform.

 MODI JI AT DAVOS



He started his speech in Hindi and continued the same till he ends. He emphasized on the oldest Upanishad, the Isha Upanishad. He mentioned that Indians consider the world as one big family.
At the global level he gave some strong statements to attract foreign investments. These include:
1.     India will replace red tape with red carpet.
2.     India is safe to invest
3.     India will do everything to make foreign investor to feel at home.
(Red tape is an idiom that refers to excessive regulations)
He also showed his major concern over the three big humanity faces.
1.     Climate change
2.     Terrorism
3.     Reverse globalization

While speaking about the issue of reverse globalization, he didn’t mentioned any particular country but his indication are directly pointing towards china for his protectionism and economic nationalism policies.
Modi pledged to make India a USD 5 trillion economy by 2025.
One important modification he made i.e. some rules for the foreign companies who wish to invest in India and the policy of 30% material i.e. any company who wish to invest in India needs to buy his 30% material from India only, but now this rule has some flexibility, as the new modified rule states that the company can buy his product from anywhere for the first five year of his establishment and thereafter the 30% policy will come into force.

THE INCLUSIVE DEVELOPMENT INDEX
In simple words, good inclusive development rank means that the country is developing and the benefit are equally distributed among the poor and the rich.
India ranked 62nd while our neighbor are well ahead of us( Pak- 47th and China- 26th)
Norway remains the world’s most inclusive advanced economy.
CRYSTAL AWARD
This award is given to celebrate the achievements of outstanding artist who have shown exemplary commitment to improving the state of the world.
This was the 24th Crystal Award and the recipients are:
1.     Shah Rukh Khan
2.     Elton John( English singer and composer)
3.     Cate Blanchett( Australian Actress)
SRK received the award for "his leadership in championing children's and women's rights in India,"
He was not the first Indian to receive this award. The past awardees from India includes Amitab Bachchan, Malika Sarabhai (Daughter of Vikram Sarabhai), AR rehman, Shabana Azmi, Ravi Shankar and Amjad Ali Khan.



DAVOS ON WORLD MAP

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