Arab News, Monday, Feb 11, 2019 | Jamadi Al Thani 6, 1440
UAE’s Minister of Future: Imagination, ideas are the commodities of the future
Emirates: 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
“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
“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
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.