Quotable quotes at Davos forum

11:24, January 27, 2011      

Email | Print | Subscribe | Comments | Forum 

World elites kicked off the annual meeting of the World Economic Forum (WEF) on Wednesday. The following are some quotes at their first-day discussion.

World Economic Forum founder and Executive Chairman Klaus Schwab (L) and Russian President Dmitry Medvedev smile during the opening session of the World Economic Forum in Davos, Switzerland, Jan. 26, 2011. The 41st World Economic Forum kicked off here Wednesday with the theme of "Shared Norms for the New Reality". More than 2,500 elites from over 100 countries will focus their discussions during the five-day meeting on four main topics: responding to the new reality, the economic outlook and defining policies for inclusive growth, supporting the G20 agenda and building a risk response network. (Xinhua/World Economic Forum)

"The increase in inequality is the most serious challenge for the world. I do not think the world is paying enough attention." -- Zhu Min, a special adviser at the International Monetary Fund and a former deputy governor of the People's Bank of China.

"The gap between rich and poor is growing without relent. Global justice is a prerequisite for sustainable development and we have to understand that our lifestyle is not sustainable." -- President of the Swiss Confederation Micheline Calmy-Rey.

"We are all optimists here, but when we look at the big issues on the global agenda, there is pessimism. We do not want this meeting to be one of despair. You fight possible burnout with renewed self-confidence. This should be a meeting of constructive optimism." -- Klaus Schwab, funder and executive chairman of the WEF.

"All our efforts to further develop the world economy will be for nothing if we fail to defeat terrorism, extremism and intolerance, if we fail to eradicate altogether these evils which are the greatest danger to mankind."

"Our task is to turn Russia into a more attractive place for the best minds in the world." -- Russian President Dmitry Medvedev.

"There is a global economic recovery ... balance sheets are strong, confidence is rising ... We have a glass that is half-empty and half-full."

"The fiscal problem is very serious. The bond vigilantes have not yet woken up in the U.S. in the way they have in the euro zone. Unless the U.S. addresses this fiscal problem, we are going to see a train wreck."

"In many of these emerging markets two-thirds of their consumer-price indexes are food, energy and transportation. When these things rise it becomes a really significant social cost." -- U.S. economist Nouriel Roubini nicknamed "Dr Doom."

  • Do you have anything to say?


Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Leaders, CEOs share views on global economy at Davos
  • Lanterns ignite ancient city's night
  • Various performances mark Minor New Year's Day in China
  • Gerardo Rueda exhibition held in Shanghai
  • Giant roses bloom in the Big Apple
Most Popular
Hot Forum Dicussion