Log In

 

Company Name : World Government Summit

Wednesday, February 14, 2018 5:59PM IST (12:29PM GMT)

(BW)(WORLD-GOVERNMENT-SUMMIT)

WTO Chief, Malcolm Gladwell and Visionaries Close World Government Summit 2018 With Future Forecasts


Advanced economies losing jobs to technology, not immigrants or trade, says WTO chief; Cryptocurrencies market still in its early days, but the nascent technology has a real future; Time for governments to focus on individualized solutions instead of mass scaled ones


Dubai, United Arab Emirates

The sixth edition of the World Government Summit (WGS 2018) ended in Dubai with invigorating talks highlighting the seismic and inevitable changes innovation will bring, and a plea for institutions to realign with the new world order.

 

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180213006279/en/

 
HE Roberto Carvalho de Azevêdo, Director-General of the World Trade Organization (WTO), speaking at  ...

HE Roberto Carvalho de Azevêdo, Director-General of the World Trade Organization (WTO), speaking at the sixth edition of the World Government Summit (WGS 2018) in Dubai, at a session titled: 'The Outlook for Global Trade in a Hyperconnected World', moderated by CNN's Emerging Markets Editor John Defterios (Photo: AETOSWire)

“Eight out of 10 jobs that are lost in advanced economies are lost to new technology - not to trade or to immigrants,” said World Trade Organization Director-General Roberto Carvalho de Azevêdo. “E-commerce is a reality. It is important for the 164 member countries to join the discussion about it, although not all of them are prepared to.”

 

He continued: “A lot of the e-commerce that we see today is business-to-business. Business-to-consumer changes the world completely. The laws and regulations of consumer protection have to be thought about, cross-border transactions, digital signatures, the legality of contracts across the border, which legislation applies, return of merchandise – it’s a world out there.”

 

Champions of cryptocurrencies dismissed suggestions of a ‘bitcoin bubble’, emphasizing that digital assets are here to stay. “Cryptocurrency is the people’s currency of monetary independence, it is much more than a financial currency. Bitcoin is not a bubble, it is the pin that is popping the bubble of the legacy financial systems since it has been created,” said Blockchain Technologies Corporation’s founder and CEO Nick Spanos.

 

Best-selling author Malcolm Gladwell remarked that societies are evolving because of technology, and in this context, governments need to prepare for future uncertainties. He underscored the importance of humans’ judgment in shaping a more humane future.

 

Gladwell also highlighted the challenges facing governments and institutions in an era of surplus information. “The expectations we have from governments have remained in place for 200 years. The challenges facing governments are changing in the modern world. Shifts in expectations need governments to develop progressive policies that can accommodate the global transition towards a knowledge-based economy,” he said.

 

*Source: AETOSWire

 

 

 

 
MULTIMEDIA AVAILABLE :
http://www.businesswire.com/news/home/20180213006279/en/


Click here for Media Contact Details
CONTACTS :

WGS Media Team
Aurelien Raspiengeas, +971559548659
Media Representative
media@worldgovernmentsummit.org


More News from World Government Summit

13/02/2018 11:55PM

Women Empowerment, Innovation Take Center Stage at World Government Summit 2018

The UAE Ministry of Foreign Affairs and International Cooperation in collaboration with the World Bank and its sister organization, the International Finance Corporation, launched the Women Entrepreneurs Finance ...

12/02/2018 11:50PM

Indian Premier Joins World Leaders to Champion Technology and Reform at World Government Summit 2018

Narendra Modi leads delegation from India, guest country at WGS French PM Édouard Philippe calls for national transformation IMF Chief Christine Lagarde bets on region’s youth to spearhead ...

12/02/2018 11:30PM

UAE Launches Humanitarian Aid Databank at World Government Summit

The UAE today launched a humanitarian logistics databank at the World Government Summit (WGS) in Dubai. Announced by HRH Princess Haya bint Al Hussein, Chairperson of the International Humanitarian City, the databank ...

Similar News

20/02/2018 10:55AM

World Patient Safety Summit is Sold Out But Space is Available at the Breakout Sessions, Held the Day after the World Summit, at the Royal Society in London

The latest advances in vaccine safety, reducing unnecessary C-sections and person & patient engagement will be among the varied breakout sessions offered the day after the 6th Annual World Patient Safety, Science ...

No Image

20/02/2018 10:30AM Image

CredR Takes Omni-Channel Approach for Used Two-wheeler Segment: Launches Yet Another Experience Centre in Bengaluru

CredR, India’s Most Trusted Used Two-wheeler Brand, is all set to launch its 7th Experience Centre in India. Started as an online marketplace for used two-wheelers, CredR gradually adopted an omni-channel approach in ...