Bloomberg Global Business Forum
September 26, 2018
New York City
Prosperity is strengthened through trade. This principle has been proven for centuries. Trade, and the resulting system of globalization, have driven innovation, competition and quality, efficiencies in markets and the allocation of resources, as well as global governance standards and stability.
With the earth’s population, wealth inequality and threats from climate change all increasing, and nationalist fervor contributing to a backlash toward globalization, collaboration between government and business is critical to meeting these challenges and ensuring continued growth that benefits all. Economic engagement is our best chance to keep trade wars from becoming real ones.
The second annual Bloomberg Global Business Forum was the only venue dedicated to convening the most important global leaders from public and private sectors to discuss and address these challenges to shared prosperity, and build crucial partnerships between business and government to ensure its continued success.
The myths and mistaken assumptions feeding isolationism, protectionism and the denial of facts and science need to be challenged and disproven. More importantly, the opportunities to harness advances in technology and realize the potential of human capital offer enormous tools for sustainable growth and prosperity and need to be championed.
Through a series of insightful discussions and focused working groups, the Bloomberg Global Business Forum was an opportunity for presidents, prime ministers and CEOs to share their visions for sustainable economic development, and for the two groups to find new ways to work together toward common goals.
How we respond to today’s challenges will determine the next stage of the global economy. This one-of-a-kind platform for leadership and collaboration moved beyond the analysis and provided participants with a chance to shape it.
2018 Bloomberg Global Business Forum
September 26, 2018
Plaza Hotel, New York City
Participation at the Bloomberg Global Business Forum is by invitation only.
When international relations are frayed by politics, businesses can help to mend and strengthen them through trade and investment, and through public-private partnerships that tackle issues even the most powerful governments cannot solve by themselves.
So we (at EXOR) enthusiastically support the Global Business Forum that gathers leaders from many walks of life, from all around the world to identify smart, practical solutions to the great challenges of our time.
As leaders across global business, it’s critical that we come together to determine the future of the world’s economic order and create an environment that reflects the new realities of globalization.
The world economy is undergoing rapid, fundamental change. It is vital that global leaders work together to prepare the next generation for the challenges and opportunities that lie ahead. The Bloomberg Global Business Forum provides a platform for that very necessary dialogue.
I see no inherent contradiction between profitable business and social development. In fact, there is huge potential for a virtuous synergy between the two. Working together to a plan, with governments also lending their support, there is so much we can do to impact the problems that our planet faces.
New business models need to be created to finance economic development that has a net positive impact on society. We believe that all actors – especially governments, institutions, corporates and NGOs – need to come together to co-create solutions, and build coalitions of investors, development agencies and local partners to finance them. These innovative models can channel much-needed investments towards sustainable projects to help close the SDG funding gap.