Davos Agenda and ‘Great Reset Initiative’

The 5-day Davos Agenda Online Summit is scheduled to start on January 25. This year due to COVID-19, the annual event is being conducted virtually.

Key Points

  • The World Economic Forum (WEF) will be hosting the online Davos Agenda Summit from January 25 to 29, 2021.
  • However, a physical annual meeting will also be hosted by WEF in Singapore in May 2021.
  • The major areas of discussion during the Davos Agenda Summit are spread across 7 themes.
  • The themes are- Fairer economic (discussing financial systems of various countries), How to save the planet (climate change and Covid 19), Society and future of work (gender parity, better businesses, Remote work culture), Tech for good (Big data), healthy future and beyond geo-politics.
  • The Davos Agenda Summit will also mark the launch of the ‘Great Reset Initiative’ of WEF.

Who will attend the Davos Agenda Summit?

  • PM Narendra Modi and Chinese PM Xi Jinping are among the top leaders who will be participating in the summit.
  • Many other heads of state and government will be a part of the summit.
  • Some attendees are- Former IMF chief Christine Lagarde, former RBI governor Raghuram Rajan, Union ministers like Piyush Goyal, Nitin Gadkari, Narendra Singh Tomar, Dharmendra Pradhan, and Smriti Irani.

What is Great Reset Initiative?

It is an initiative of the World Economic Forum for sustainably rebuilding the economy after the COVID-19 pandemic. It was first unveiled by WEF director Klaus Schwab and United Kingdom’s Prince Charles in May 2020.