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" When the World Economic Forum was established in 1971, the global population was four billion, of which 50% lived in poverty. "
Klaus Schwab
Economic
World
Poverty
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" Europe has grown to 27 member states, encompassing an amazing diversity and richness. Some argue this is part of the problem: Europe is simply too big and culturally disparate to be managed properly. But look to India for an example of how social unity can be forged within a culturally, linguistically, and ethnically complex nation. "
Klaus Schwab
Problem
Amazing
Diversity
" For centuries, economic thinkers, from Adam Smith to John Maynard Keynes, have tried to identify the elusive formula that makes some countries more prosperous and successful than others. My curiosity about this topic spurred me, as a young professor of economics in the late 1970s, to research new ways of measuring national competitiveness. "
Klaus Schwab
Research
Me
Late
" I do not deny my German identity. But I also feel Swiss. Of my eight great-grandparents, seven were born Swiss. I have been living in Switzerland for more than 50 years. "
Klaus Schwab
Living
Feel
Born
" For many years prior to the 1990s, European integration was embraced and supported by a large majority of citizens. A united Europe, bound by commonly-held democratic values, was perceived as an essential and effective buffer against the Soviet empire. A united Europe made a repeat of the First and Second World Wars almost unthinkable. "
Klaus Schwab
Years
World
Empire
" As the physical, digital, and biological worlds continue to converge, new technologies and platforms will increasingly enable citizens to engage with governments, voice their opinions, coordinate their efforts, and even circumvent the supervision of public authorities. "
Klaus Schwab
Digital
Opinions
Supervision
" Of course, some people call me one of the most well-networked people in the world, but I am a very unsocial person - I never go to a cocktail party; I am never seen at a charity event. I have one exception: I'm a member of the board for one of the big European music festivals, so I participate, with pleasure, in concerts. "
Klaus Schwab
I Am
Charity
Me
" Of course, technology is not an exogenous force over which humans have no control. We are not constrained by a binary choice between acceptance and rejection. Rather, the decisions we make every day as citizens, consumers, and investors guide technological progress. "
Klaus Schwab
Decisions
Day
Technology
" The Fourth Industrial Revolution can compromise humanity's traditional sources of meaning - work, community, family, and identity - or it can lift humanity into a new collective and moral consciousness based on a sense of shared destiny. The choice is ours. "
Klaus Schwab
Community
Identity
Work
" New technologies and approaches are merging the physical, digital, and biological worlds in ways that will fundamentally transform humankind. The extent to which that transformation is positive will depend on how we navigate the risks and opportunities that arise along the way. "
Klaus Schwab
Digital
Opportunities
Positive
" New technologies, however remarkable they might seem, are fundamentally just tools made by people for people. "
Klaus Schwab
Just
Seem
New
" I am a great enthusiast and early adopter of technology, but sometimes I wonder whether the inexorable integration of technology in our lives could diminish some of our quintessential human capacities, such as compassion and cooperation. "
Klaus Schwab
Technology
Compassion
Great
" It was a hallmark of Nelson Mandela's leadership that being open to change made him appear not weaker, but even stronger. "
Klaus Schwab
Him
Stronger
Change
" Technology is going to revolutionize almost every sector, leading to the demise of many traditional professions. Economic and political power will be determined less by a country's size than by its technological superiority. "
Klaus Schwab
Country
Power
Technology
" Profitability, growth, and safeguards against existential risks are crucial to strengthening a company's long-term prospects. But if these three factors constitute a company's 'hard power,' firms also need 'soft power': public trust and acceptance, won by fulfilling a company's social responsibility. "
Klaus Schwab
Power
Responsibility
Growth
" Of all the many leaders I have met in the course of my life, none made a deeper impression on me than Nelson Mandela. His courage, compassion, humility and wisdom were without parallel on the world stage, and he himself was an enduring source of inspiration. "
Klaus Schwab
Courage
Wisdom
World
" Environmental pollution, terrorism, and many other global threats do not stop at borders. We all bear global responsibility and thus need a global identity to enable us to cope with them. We must learn to integrate different levels of identity in ourselves. What matters is not either/or, but both/and. "
Klaus Schwab
Responsibility
Environmental
Identity
" Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense. "
Klaus Schwab
Sometimes
Real
Looks
" I like, very much, nature. Since I'm always together with people, I like to retreat. "
Klaus Schwab
Always
Like
Nature
" In Switzerland, we have a centuries-old tradition of living together in one confederation and one society. That holds us back from excesses. We are a civilized and enlightened community and, by practising multicultural tolerance, we manage to stop extreme developments from going too far. "
Klaus Schwab
Society
Together
Community
" I believe that, if managed well, the Fourth Industrial Revolution can bring a new cultural renaissance, which will make us feel part of something much larger than ourselves: a true global civilization. I believe the changes that will sweep through society can provide a more inclusive, sustainable and harmonious society. But it will not come easily. "
Klaus Schwab
Revolution
Society
Believe
" We often hear people talk about the concept of 'uberization,' where a new technology completely turns an industry on its head and forces us to rethink the way things have always been done. No industry will remain untouched by these forces. "
Klaus Schwab
Technology
Always
Talk
" As technology increasingly takes over knowledge-based work, the cognitive skills that are central to today's education systems will remain important; but behavioral and non-cognitive skills necessary for collaboration, innovation, and problem solving will become essential as well. "
Klaus Schwab
Education
Today
Will
" As the novelty of wearable tech gives way to necessity - and, later, as wearable tech becomes embedded tech - will we be deprived of the chance to pause, reflect, and engage in meaningful, substantive conversations? How will our inner lives and ties to those around us change? "
Klaus Schwab
Us
Chance
Change
" Business cycles naturally entail peaks and troughs in employment, and socially responsible businesses should follow successful examples like Coca-Cola, Alcoa, Saudi Aramco, Africa Rainbow Minerals, and Google in working toward mitigating joblessness and enhancing people's abilities to earn a livelihood. "
Klaus Schwab
People
Rainbow
Business
" We are now living in a completely digitalized world and a completely globalized world, so we have to find some new mechanisms and values to deal with this post-digitalized and post-globalized world. "
Klaus Schwab
Now
Living
Find
" For all the opportunities that arise from the Fourth Industrial Revolution - and there are many - it does not come without risks. Perhaps one of the greatest is that the changes will exacerbate inequalities. And as we all know, a more unequal world is a less stable one. "
Klaus Schwab
World
Opportunities
Revolution
" One new reality is global interconnectivity and the fact that all challenges must be addressed on the basis of 'togetherness.' Thus the most crucial factor in accepting the new reality and confronting its opportunities and risks is our willingness to develop shared norms on all levels. "
Klaus Schwab
Risks
New
Challenges
" The Millennials, a generation born digital, will have a much stronger impact on social behaviour than we currently assume. Global climate change and resource security will influence our lives in substantial ways. "
Klaus Schwab
Change
Impact
Influence
" A winner-takes-all economy that offers only limited access to the middle class is a recipe for democratic malaise and dereliction. "
Klaus Schwab
Economy
Middle
Only
" When you can't cope with change, you feel overwhelmed, and you look for a simple solution. "
Klaus Schwab
Feel
Cope
Change