UAE’s Minister of Future: Imagination, ideas are the commodities of the future

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Sun, 2019-02-10 11:35

DUBAI: Imagination and ideas are the commodities of the future,
UAE’s Minister of Cabinet Affairs and the Future Mohammed
Al-Gergawi said during the opening speech at Dubai’s World
Government Summit on Sunday.

“Whoever owns these ideas and this imagination, will own the
future,” Gergawi said, adding that “the wars of the future will
be on ideas.”

Gergawi highlighted many factors that have put governments in
the backseat of development as private sectors invest more and more
into research and development programs. 

“Government, in their old form, cannot impact on the future,
the private sector now impacts the future and we see this in the
different economic and livelihood sectors,” he said.

The Emirati minister also touched on data protection, he said
private companies know “when we eat, when we sleep, when we wake
up, where we travel and even how many beats our heart’s
beat.”

Speaking alongside Gergawi was the World Economic Forum’s
executive chairman Klaus Schwab who also spoke of the danger of a
global system “spinning out of control.”

“Global growth is slowing down, but global risks are
increasing,” Schwab told a packed conference hall at Dubai’s
Mina A’Salam hotel, “it is a system under stress, and the
consequences are very dire.”

Schwab spoke of the need to move forward with globalization, and
to be “more sustainable, more inclusive, to be a more
multi-stakeholder globalization, and to be re-moralized.”

“All stakeholders of society must play a role in
globalization, not just governments,” Schwab said.

On Saturday, the International Monetary Fund’s chief,
Christine Lagarde, spoke of the challenges facing the Middle East,
with rise in corruption, poor governance and lack of
transparency. 

The World Government Summit, in its seventh edition, runs for
three days of high-level discussion and debate by world thought
leaders from the worlds of public policy, business and
entertainment.

Pakistan’s Prime Minister Imran Khan, actor Harrison Ford and
Lebanese Prime Minister Saad Hariri are among 4,000 delegates who
will attend the three-day event, along with Estonia’s prime
minister Jüri Ratas and President of Rwanda Paul Kagame.

Apart from the politicians, the summit also brings in more than
30 global organizations such as the World Bank, the International
Monetary Fund, and Organization for Economic Cooperation and
Development.

Main category: 

Corruption is ‘key threat’ to Middle East economies, IMF chief
warnsImran Khan, Saad Hariri and Harrison Ford among big names
attending Dubai’s World Government Summit
Source: FS – All-News-Economy
UAE’s Minister of Future: Imagination, ideas are the commodities of the future