Latin America’s lagging competitiveness must be addressed by increasing the level and efficiency of investments and by fostering intra-regional and private public collaborations, recommends a new report, Bridging the Skills and Innovation Gap to Boost Productivity in Latin America, published by the World Economic Forum.
Early January, Russia and four other ex-Soviet republics completed finally the creation of a new economic alliance intended to bolster their integration. The Eurasian Economic Union or popularly referred to as EAEU, which includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, came into existence on January 1, 2015.
The World Economic Forum and its partners have developed a new way for organizations to calculate the impact of cyberthreats. The framework, called “cyber value-at-risk” comes at a time when cyberattacks are increasing in velocity and intensity, and when 90% of companies worldwide recognize they are insufficiently prepared to protect themselves against them.
The World Economic Forum’s Partnering Against Corruption Initiative (PACI) is to expand the work of its PACI Vanguard community of global chief executive officers in 2015, to help implement the action plan created by the B20 Working Group on Anti-Corruption.
With the price of oil rock-bottom, now is the perfect opportunity to cut $2 trillion worth of energy subsidies across the world and invest it equally in job creation and education, with a special focus on women, said Christine Lagarde, Managing Director, International Monetary Fund (IMF), Washington DC. She was speaking at a panel debate examining global economic growth, inequality and the role of technology at the 45th World Economic Forum Annual Meeting.
Technology has enabled unequivocal social gains in recent years. In a session on The Future of Digital Economy, they said that digital tools, from farming to healthcare to education, have fundamentally transformed communities and raised living standards around the world, and greater network connectivity has the potential to improve livelihoods even further.
Ministers, industrialists and academics from the BRICS countries told participants at the 45th World Economic Forum that all five countries’ economies have great potential, especially if governments successfully implement planned structural reforms.