GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

Angel Gurría highlights importance of inclusive growth and multilateralism for Governments 

Dubai-UAE: 11 February, 2018 –   Angel Gurría, Secretary-General of the Organization for Economic Co-operation and Development (OECD), discussed the eroding trust in private and public institutions, the growing interconnectedness in the global economy as well as how re-inventing policy can help build more resilient economies and inclusive societies. He was speaking on day one of the World Government Summit (WGS 2018) in Dubai, where he called for swift and decisive action to reform the global economy to achieve higher efficiency and sustainability.

At the ‘One on One with Angel Gurría' session, the OECD chief spoke about the broader economic outlook, and said: 'We are at the lowest stage of productivity growth. Events such as the global financial crisis showed that we got it wrong. Going forward, we need to take a hard look at a fairer distribution of wealth to balance productivity, growth and inclusiveness.”

Referencing Brexit as well as the referendum in Columbia, Gurría said: “We still have a chance to implement inclusive growth. We are only starting to see the decomposition and fragmentation of politics. Many people around the world are voting for change, against the leadership, after having lost trust in governments and democracy. We have to get back that trust. Multilateralism is a way of achieving this, as when countries act together, communities also act together. At the end of the day, how can you deal with things like climate change and investment growth if you don't do it multilaterally?”

He added: “I would agree that multilateralism has faltered in the past because of a bigger focus on the recovery side rather than the inclusiveness side”.
Highlighting the important role of citizens, Gurría mentioned that if leaders do not identify flaws and address them successfully, they should be penalized by votes. He mentioned how generally, the public are not just interested in short-term interests, but those who can offer them a better future for the next generation.

Speaking about the MENA region and the United Arab Emirates, Gurría said: “I'm optimistic about this part of the world because we are seeing nations that are improving their tolerance to different cultures and ideologies, are preparing for the post oil era, and are witnessing how women are having a more important role, exemplified by the recent appointments of female ministers.”

Emphasizing the significance of collaboration, he said: “Multilateralism can go beyond short-termism because it is bigger than a country looking only at its own interests. Greater collaboration can help us to look collectively at the financial system, universities, labor market, etc., which will in turn help societies evolve. Ultimately it is important to implement better policies for better lives. If it is not for better lives, it is not worth it.”

Prior to taking up his post at the helm of OECD, Angel Gurría served as Mexico's Secretary of Finance at a time when the emerging markets crisis threatened the country's political and economic stability. In 1999, Euromoney magazine named Gurría, Finance Minister of the Year. Earlier, he also held the role of Mexico's Secretary of Foreign Affairs.

Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the World Government Summit 2018 runs from February 11 to 13 at the Madinat Jumeirah in Dubai. The landmark event convenes more than 4,000 participants from 140 countries, including heads of state and governments, as well as top-tier representatives of 16 international organizations.

Hosting more than 130 speakers across 120 interactive sessions, WGS 2018 features five distinct forums that examine the challenges of vital sectors for the future with a view to finding the best resolutions for the greater global good. Furthermore, over 20 specialized global reports spanning key sectors and topics of the summit are being launched during the event.

 



Posted by : GoDubai Editorial Team
Viewed 4862 times
Posted on : Sunday, February 11, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : WGS 2018: Global Policy Platform Panel Considers Supporting Female Entrepreneurs Essential for Socie...
Next Story : Qualcomm Extends Cash Tender Offer for All Outstanding Shares of NXP
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Meet the FOREO family as they share their top tips for radiant skin during the ...
Three Trends to Try with Palladio Beauty
bebe Launches First Ever Ramadan Capsule Collection
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series
Care for your baby's sensitive skin with Corine de Farme
Ramadan-Inspired Sandro SS18 Pieces
New Master Maserati Driving Courses for 2018
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan
Do Explore More with Pandora
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched
Marchon Eyewear New Collections
Get Voluminous Eyelashes and Eyebrows with Rodial's Lash and Brow Booster Serum
Global Light and Power Celebrates 10 Years with the Opening of their New Showroo...
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece
RAK Diabetes Center in Jumeirah offering Free Lifestyle wellness checks and Diet...
Charlotte Tilbury, the World's #1 Celebrity Makeup Artist, Announces the Opening...
Caudalie The Cleansing Collection
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns
Karl Lagerfeld Celebrates Fall / Winter 2018 Collection
Make Ramadan Better With the Gift of Sharing
Aru Impressed with Team Spirit as Italian Champion Secures Top Ten Finish
Hour Choice Presents Coach Perry Collections – Ramadan Exclusive
Breitling's Navitimer 8 Collection Arrives in The Middle East
Facebook Launches Youth Portal, a Central Place for Teens
Stay connected with your loved ones this Ramadan season with the Nokia smartphones
Pick what suits you from essence Spring/Summer 2018 nail polish collection
CND™ Boho Spirit: The Collection Summer 2018 Shades
White Man & Woman Focuses on Innovation and Sustainability With Patagonia at Whi...
Global Rollout of LGG7 Thinq Gets Underway
LG G7 Thinq Offers Deep AI Integration for Maximum User Convenience
1st Edition of Cannes International Film Festival From May 8 to 19, 2018
Elvis Presley's OMEGA Sells for a World Record CHF 1,500,000 at Auction
du Helps You Stay Connected this Ramadan with Exclusive Offers Throughout the Ho...
MAC - Prep + Prime Fix +
Celebrate Father's Day in 'Swiss Style' with Raymond Weil.
Etihad Airways Introduces Ai Robot Sophia to Abu Dhabi
Glambeaute.com's Special Ramadan Beauty Packs
Revel in the all-new Mango Memory Menu – a summer treat by Moombai & Co
Get Your Nails Summer Ready with FC Beauty
Dubai Festival City is the place to be this Ramadan
A Nose for Great Sound
HP and DiSTI Join Forces to Reinvent Enterprise Training Using Virtual Reality
Turkish Airlines Announced its 2018 April Passenger and Cargo Traffic Results
Lufthansa Group and Travix announce NDC partnership
Etisalat Launches First Commercial 5G Network in the MENA
Manero Flyback A Modern Take on a Retro Style
Qualcomm, Nokia and Leading TV Broadcasting Ecosystem Companies in Europe Showca...
Sheikh Juma launches his Asian Games preparations with NAS Run