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The World Economic Forum in Davos

Date:

01/23/2019


The World Economic Forum in Davos

Industry 4.0 at the World Economic Forum 2019 in Davos

As every year, the World Economic Forum (WEF) has opened in Davos: it is one of the most awaited political and economic events, now at its 49th edition. The WEF is a non-profit organization that was founded in 1971 by Klaus Schwab to promote debate on the key topical issues of international interest with a special focus on economic and financial matters. Starting today and through to 25 January, heads of State, representatives of institutions, international organizations and civil society along with business leaders, totalling 3,000 participants, will tackle the theme of 'Industry 4.0', namely the Fourth Industrial Revolution after that of 1784, with the surge of the steam engine, that of 1870, with the start of mass production and consumption through the ever-more widespread use of electricity, and that of 1970, with the introduction of computer technology. Therefore, the Fourth Industrial Revolution is driven by advanced technology in which the digital world merges with the physical and biological world to create innovation at a pace that is unprecedented in human history. The debate will therefore focus on the criticalities and the challenges of the process of Globalization 4.0, which needs to be inclusive and sustainable, and enhance international coordination to counter the decline in cooperation. The thematic areas will be: geopolitics and a ‘multiconceptual’ world, the future economy, industrial systems, cybersecurity, human capital, and reform of global institutions. A special space shall be reserved to the debate on the future of Europe and on the political and economic challenges that the continent is called to meet.


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