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World Economic Forum founder Klaus Schwab tells the World Government Summit, “History is truly at a turning point,” with economic instability, the conflict between major global powers, and the coming fourth industrial revolution.
In a short address delivered virtually to the World Government Summit in Dubai on Tuesday, Schwab said there will be systemic and structural changes, and that global supply chains, energy, and food systems will be deeply affected.
“The world has to overcome not only the damage done to our economies and our societies by COVID-19, it also has to confront the repercussions of a dangerous clash between major global powers,” said Schwab during the session, Our World Today: Why Governments Need to Act Now.
“History is truly at a turning point. We do not yet know the full extent and the systemic and structural changes which will happen.
“However, we do know that global energy systems, food systems, and supply chains will be deeply affected,” he added.
