Indian prime minister Narendra Modi told a packed forum in Davos on Wednesday that the world in its current state looked rather unprepared to face the big challenges of the future.
He urged sweeping reforms to modernize and restructure current political and economic institutions, also with a view to reflecting the needs and developments of emerging economies.
Modi singled out three major challenges mankind was facing right now. He said the greatest threat came from rapid climate change and the resulting extreme weather conditions, natural disasters and rising sea levels which threaten the lives and livelihoods of millions of people around the world.
The prime minister identified terrorism, and the radicalization of people in many societies, as the second-biggest threat. Without providing concrete examples, he criticized world powers for, in his eyes, making the problem worse by artificially distinguishing between "bad terrorists" and "good terrorists."
Thirdly, Modi said there was no denying the fact that many nations have become increasingly focused on themselves again as globalization "was losing its luster." He mentioned that many trade agreements "had come to a standstill," with cross-border financial investments dropping in many areas.
Read more: Indian PM Narendra Modi warns of three major global threats | Business| Economy and finance news from a German perspective | DW | 23.01.2018
He urged sweeping reforms to modernize and restructure current political and economic institutions, also with a view to reflecting the needs and developments of emerging economies.
Modi singled out three major challenges mankind was facing right now. He said the greatest threat came from rapid climate change and the resulting extreme weather conditions, natural disasters and rising sea levels which threaten the lives and livelihoods of millions of people around the world.
The prime minister identified terrorism, and the radicalization of people in many societies, as the second-biggest threat. Without providing concrete examples, he criticized world powers for, in his eyes, making the problem worse by artificially distinguishing between "bad terrorists" and "good terrorists."
Thirdly, Modi said there was no denying the fact that many nations have become increasingly focused on themselves again as globalization "was losing its luster." He mentioned that many trade agreements "had come to a standstill," with cross-border financial investments dropping in many areas.
Read more: Indian PM Narendra Modi warns of three major global threats | Business| Economy and finance news from a German perspective | DW | 23.01.2018
