Stella Papadopoulou

Rich and poor countries alike are missing huge opportunities when it comes to making the most of their populations’ economic potential, with only 65% on average of the world’s talent being optimized during all stages of the working life time, according to the World Economic Forum’s Human Capital Report 2016.

Blockchain, an online data ledger, is set to make a big impact in financial services, and has applications in a range of other industries from e-commerce to insurance and voting. Unlocking blockchain will be a game-changer for the future of financial transactions.

A technology revolution is disrupting the financial services industry and could make digital currency and blockchain transactions commonplace in just a few years, financial technology and fintech experts argued in a session on the topic at the Annual Meeting of the New Champions 2016. Technologies from big data analytics to mobile apps are reshaping the sector, resulting in new ways for companies to interact with customers and for consumers to manage their money and conduct transactions.

The commodities boom has deflated, and Latin American economies must now develop ways to stimulate growth in a tepid environment. The challenges are many and tough, and a number of promising approaches are clearly in view, senior government officials and experts agreed on the final day of the World Economic Forum on Latin America.

Removing specific non-tariff barriers throughout the end-to-end value chain of medical devices could potentially generate up to $1.5 billion in economic growth per year for Mexico, the lion’s share of which would come from trade with the US.

Hypergrowth demonstrates a growing systemic opportunity for the global economy as it enters the Fourth Industrial Revolution. Breaking down the preconditions for such growth and what it means for the future of enterprise is critical for a world looking to find solutions to spur growth and productivity.

Global organizations are increasingly challenged by industry and country-specific corruption risks, which they have difficulties in handling on their own. It is imperative to engage relevant stakeholders in collective action to foster an environment of fair competition.

Today many countries suffer from high and rising inequality with many citizens unable to fully benefit from economic progress. Of course this is a major concern for governments around the world, but business also has an important role to play in addressing these challenges. A new report provides an important tool for our discussions on how businesses can support a growth process that is both inclusive and sustainable.

The current system by which we produce, use and dispose of plastics has important drawbacks: plastic packaging material with a value of $80 billion-$120 billion is lost each year. Aside from the financial cost, by 2050, on the current track, oceans are expected to contain more plastics than fish (by weight), according to a new report released today by the World Economic Forum and the Ellen MacArthur Foundation, with McKinsey & Company as a knowledge partner, as part of Project MainStream.

An increased likelihood for all risks, from the environmental to society, the economy, geopolitics and technology, looks set to shape the global agenda in the coming year, the World Economic Forum’s Global Risks Report 2016 has found.

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