August 22, 2019
News

Outcome of the World Economic Forum in Jordan

The World Economic Forum held in Jordan between the 5th and 7th of April had more than one thousand government, business and civil society leaders from over fifty countries in attendance.

The forum was established in 1971 as a non-profit international organization for public-private cooperation with its headquarters in Geneva, Switzerland.

It has served as a platform for peace and reconciliation among nations and groups since inception.

The meeting hosted dialogues on geopolitical challenges with key decision-makers from the region, the United States, Europe, Asia, Syria and Libya.

This year’s World Economic Forum has as its theme ’Building New Platforms of Cooperation’.

Hence, the forum centred on generating job opportunities, empowering arab women as well as scaling up the region’s economy with a focus on creating sustainable entrepreneurship and innovation .

Stakeholders are of the opinion that the only way to overcome divisions is for all nations to work together for the greater good of mankind.

This could only be fulfilled if regional and international stakeholders step up their commitment to resolving the ongoing conflicts.

Speaking at the forum, President Muhammadu Buhari said that global efforts had significantly reduced activities of terrorist organizations in Nigeria.

He however canvassed for Middle East’s support on trade and investment stressing that stability and sustainability could only be achieved through inclusive economic growth and enhanced cooperation amongst nations.

The president emphasized that his administration would operate an inclusive and diversified economy that would give room for foreign investors.

On his part, Jordan’s King Abdullah II highlighted the challenge of creating new jobs for the youth population.

He stressed the region’s need for politicians and leaders to create a safe environment in which youths can thrive and blossom.
Issues that were discussed at the forum include climate change, the refugees’ crisis, energy price and water problems.

Participants proposed education as a tool to prevent more young women and men from radicalization while others underscored the hatred circulated on social media which have to be controlled.

It behoves the Federal Government therefore to make good its promises by creating a conducive business environment to attract investors into the country.

It is believed that if investors move into the country, unemployment will be reduced to the barest minimum leading to an improved economy.

Titilayo Kupoliyi

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