International cooperation flatlined, some hope in climate finance: WEF

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International cooperation flatlined, some hope in climate finance: WEF - Business Standard

Quick Summary:

Releasing the annual barometer ahead of its Annual Meeting in the Swiss ski resort town Davos, the World Economic Forum said the world leaders need to embrace 'disordered' cooperation and dynamic solutions-driven decision-making to deliver tangible results and build trust.

Amid heightened geopolitical tensions and instability, international cooperation has 'flatlined', but positive momentum in climate finance, trade and innovation offers some hope, a Global Cooperation Barometer showed on Tuesday.

It also said that artificial intelligence and other emerging technologies are reshaping the global landscape and driving upheaval, making concerted cooperation critical to harness benefits and minimise risks.