'Finding New Shoots of Growth' at World Economic Forum's Annual Meeting of New Champions

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With the economic landscape decidedly different from a year ago, many economists and policy leaders are trying to determine where the sectors of growth will be moving forward.  Jeffrey Sachs is among those who believes that sustainable technology and "green" investments are the best hope.  He writes in today's Guardian that the recession and the slow recovery ahead gives us  "the historic opportunity – and need – to compensate for low consumer spending with increased investment spending on sustainable technologies":

The crisis can yet be an opportunity to turn from a path of financial bubbles and excessive consumption to a path of sustainable development. In fact, seizing this opportunity is the only recipe for genuine growth that we have left.

At the World Economic Forum's Annual Meeting of New Champions in Dalian, China, the search for new engines of growth became a central theme, and many of the panels--video for which is now available here--focused on business in the new economic climate.  The panel titled Finding the New Shoots of Growth included Marwan M. Boodai, Chief Executive Officer, Boodai Corporation, Kuwait; Liu Jiren, Chairman and Chief Executive Officer, Neusoft Corporation, People's Republic of China; Deepak Puri, Chairman and Managing Director, Moser Baer, India; Iqbal Survé, Executive Chairman, Sekunjalo Investments, South Africa; James S. Turley, Chairman and Chief Executive Officer, Ernst & Young; and Wan Gang, Minister of Science and Technology of the People's Republic of China.  Wan set the tone by discussing sustainable technologies--along with other areas like biotechnology and information technology.  So the Chinese minister appears to be on the same page as Sachs.  

Here's the panel discussion:


Posted 09-15-2009 8:16 AM by Graham Griffith
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