Davos Annual Meeting 2011 - Creating Shared Norms: The Century's Leadership Challenge

TL;DR

Leaders discuss challenges in creating shared norms for global governance and suggest pragmatic solutions for progress.

Transcript

Excellences, ladies and gentlemen, thank you very much for coming in and getting seated and settled. It's always a tough call after the parties and the events of a Friday night to get everyone together so I am glad we've got people here ready to look at our new session, or this morning's session. I am Riz Khan of Al Jazeera English. It's also nice ... Read More

Key Insights

• 🌐 The absence of shared norms poses challenges in global governance and decision-making.
• ❓ Empowering citizens and involving grassroots organizations are essential for implementing shared norms.
• ❓ Standardization in industries like energy and technology is crucial for promoting common values and progress.
• 🌐 The need for healthy discussions among leaders from diverse countries to reach consensus on global issues is crucial.
• 🇺🇳 Rethinking the role of institutions like the United Nations and enhancing existing structures is necessary for creating shared norms in global governance.

Questions & Answers

Q: How do the panelists propose bridging the divide between high-level global governance and grassroots implementation?

The panelists suggest involving citizens in decision-making processes, empowering people to enforce new norms.

Q: How can global institutions be restructured to address the challenges of creating shared norms?

Emphasizing the importance of institutions like the UN, the panelists stress the need to enhance existing structures rather than replace them.

Q: What role does the private sector play in promoting shared norms and standardization?

Business leaders highlight the importance of standardization in products and services to meet consumer demands and ensure global consistency.

Q: How can the diverging economic and political interests of nations be reconciled to create a common framework for shared norms?

The panelists advocate for healthy discussions among leaders from diverse countries to reach consensus on common objectives and values.

Summary & Key Takeaways

• Panelists discuss the need for a new social contract to address the absence of shared norms.

• Challenges in global governance include diverging problems and lack of political will.

• Business leaders emphasize the importance of standardization and shared values for progress.