The UAE contribute in the 2012 G20 summit in Cannes and it also hosted IRENA, the global spotless energy body. This shows and point to that the UAE is increasingly becoming a global citizen in financial affairs around the world. According to foremost political figures at the third World Economic Forum Summit in Abu Dhabi last month, this is a good indication of where the UAE is headed. Over 800 leading experts in academia, business and government convened in the UAE capital to discuss new models for the world’s most pressing challenges, including public debt, climate change and food security.
The continuing uncertain global economic outlook could drive a wedge between international interests if left unchecked. Unstable financial markets combined with rapid globalization and technology uptake are all new factors stoking the need for urgent global conversations. The rise in global wealth has lead to a richer world for many, but many millions are poorer than ever. There is a global inequality. We need to rethink our global competitiveness strategy because we need to address the quality of economic growth. Velocity and country inter connectivity have become so complex at the tipping point that the whole system may collapse. We need new models to survive. The great recession has blinded us to the great revolution.
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