From comments on global trade, Politics, the depreciation of the dollar, Fake News, education and women’s rights, the World Economic Forum has made headlines once again.
Mediabites takes a look at the most memorable quotes from the snowy Swiss Alpine resort of Davos, last week.
President Donald Trump’s speech was the most widely-anticipated moment at this year’s event. It was the first time since Bill Clinton in 2000 that a sitting U.S. leader has joined the Davos elite.
He told the audience: “We cannot have free and open trade if some countries exploit the system at the expense of others.”
Earlier in the week, Trump told CNBC that “the dollar is going to get stronger and stronger, and ultimately I want to see a strong dollar.” A sharp weakening for the greenback on Wednesday was one of the main discussion topics at Davos, following comments from U.S. Treasury Secretary Steven Mnuchin.
Indian Prime Minister Narendra Modi spoke about a “worrying trend” against globalization and towards isolationism.
“Forces of protectionism are raising their heads against globalization, their intention is not only to avoid globalization themselves but they also want to reverse its natural flow,” he said.
The youngest Nobel Prize laureate and activist for education told the World Economic Forum that the only way to ensure women’s rights is by educating young boys.
“The education of young boys on the subject of women’s rights is crucial. When we talk about feminism and women’s rights, we are talking to men. We have to teach young boys how to be men,” Malala Yousafzai said at Davos.
Responding to questions raised during the discussion, Bilawal Bhutto said, “When fake news is disseminated in Pakistan it can have major issues – the point is to have the media come through as transparent as it can. Coming from a fragile democracy attacking and demonising the media can have adverse effects.”
The PPP Chairperson further stated that it is big business models and industrial giants who own and run media houses which pose a high possibility of the news being biased.
On western media propagation he said, “Let’s not forget weapons of mass destruction in Iraq was fake news – we have to be able to sort of see that we don’t recognize our own fault. They pitched US intelligence narratives which turned out to be fiction.”
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