World business leaders on Wednesday said there was a need for a 'golden triangle' collaboration between governments, companies and the civil society to rejuvenate the global economy, create jobs and fight corruption.
They also urged the economic movers and shakers attending the World Economic Forum annual meeting here to join forces to chart a clear path for the way forward.
The meeting, with participation of influential world leaders like British Prime Minister David Cameron as well as Indian ministers and businessmen, is taking place at a time when fiscal woes across continents and anaemic world economic growth are posing policy as well as political challenges. Setting the tone for the deliberations at this snowy resort town, Coca-Cola Company Chairman and CEO Muhtar Kent, also co-Chair of WEF meet, said that growth and job creation are going to be key for the global economy going forward.
“We need to ask a question how can business, government and civil society rise to the challenge and create a golden triangle,” Kent said.
The call for collaborative efforts comes against the backdrop of corruption issues coming to the fore in various countries, including India, where the role of companies, banks, the government as well as individuals have come under the scanner.
This year's edition of WEF meet is on the theme 'Resilient Dynamism'.
Swiss banking giant UBS Chairman Axel Weber said that global economy had just come out of the biggest shock.
Even though most of the markets have bounced back, Weber noted that the recovery is slow and muted.
Besides Cameron, German Chancellor Angela Merkel, Russian Prime Minister Dmitry Medvedev, heads of World Bank, IMF and CEOs of many blue-chip firms would be in attendance.
