Global events in 2016 have reminded decision-makers that the more complex a system, the greater a community's concern about its future. The weakening of multiple systems has eroded confidence at the national, regional and global levels. And, in the absence of innovative and credible steps toward their renewal, the likelihood increases of a downward spiral of the global economy fueled by protectionism, populism and nativism.
All the while, the fourth industrial revolution continues to drive the convergence of technologies that blur the lines between physical, digital and biological systems. Our interdependence will not diminish, but more agile, inclusive and collaborative responses are urgently needed to address the complexity and uncertainty in people's lives. We must hone our capacity to manage the systems that underpin our prosperity and security.
Collaborative efforts in the 20th century yielded the norms, policies and institutions that collectively served as a protective system until today. It is imperative that we again shape such systems through more inclusive development efforts. Enhanced international cooperation and earnest multicultural dialogue are critical to advancing innovations for greater societal impact. The 47th World Economic Forum annual meeting therefore aims to rededicate leaders from all walks of life to achieve common goals and drive new initiatives.