Davos 2018: Donald Trump, Christine Lagarde speeches among key draws at WEF summit today
New Delhi: US President Donald Trump’s address will be the highlight of the concluding day of the four-day World Economic Forum (WEF) summit in Davos on Friday.
Besides Trump’s thoughts on thorny issues of immigration and the protection of local industry and jobs in the US, the day’s deliberations will also cover challenges confronting governments, including cyber crime and human rights.
International Monetary Fund managing director Christine Lagarde will speak on the global economic outlook for 2018 as well as monetary policy trends.
Experts will also discuss whether guaranteed basic income is a fair way of reducing economic inequality and insecurity.
Recent studies find that a guaranteed income can boost the US economy by $2.5 trillion, according to the WEF’s background notes.
Dharmendra Pradhan, Union minister for petroleum and skill development, will speak on digitization of the value chain in manufacturing, energy and mining.
The mental health of young people, personalized medicine and empowering start-ups are among the topics that will be covered at different sessions on Friday.
Small and medium enterprises contribute up to 60% of total employment and up to 40% of national income in emerging economies. Participants in the session on start-ups will deliberate on how to ignite these “engines for inclusive growth”.
There will be a separate session on how Asia can contribute to the next wave of industrialization in ways other than low-cost labour.
A session on “the end of easy money” will discuss whether financial markets and the world economy are ready for the tightening of monetary policy.
Issues of cyber warfare and private investments in projects of social and environmental significance will also be discussed.
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