 Good morning a major monk had a communications here at the world economic forum Thanks for joining us for this opening press conference of the world at economic forums annual meeting 2014 Theme of the meeting is the reshaping of the world consequences for society politics and business Now I'm going to do something which is turn my phone on to Silent please feel free. I know you're all busy people with lots of calls coming in to turn yours on a silence So we can hear from all of our co-chairs. I'm delighted to be joined by five of them two of our co-chairs will be arriving a little later this morning, which is chairman Zhang of the industrial and commercial Bank of China and Also Joe humanez from Novartis But joining me today Aleco D'Angote president chief executive officer of D'Angote group in Nigeria Marissa Mayer chief executive officer of Yahoo and a young global leader at the world economic forum Chris Gopala Krishnan president of the Confederation of Indian Industry Judith Rodin president of the Rockefeller Foundation and Christophe de Margerie chairman and chief executive officer of Total So without further ado, I'm going to ask each of them to share some of their hopes and expectations for this meeting And then we'll have a little bit of Q&A after that So first off sir, I'm going to ask you Mr. D'Angote to share your hopes for this 44th meeting of the World Economic Forum Thank you very much. Well my hope is that since you know, you've seen that Since 2008, we haven't really had any Issue so the issue here now is just consequence for society Politics and business and the gathering really has been very very very impressive And I think what we need to now do is that how do we keep? You know improving You know the world how do we shape? From the context of Africa when you look at it we have actually have quite I mean we have had a lot of you know You know economic growth you know and What you see that people are now beginning to understand what Africa is all about the opportunities that are there The challenges some of them are very very perceived And I think we have a couple of sessions that will actually drag and make people to understand That having worth we have to use that the wealth to make sure that we you know serve the society number one on the agenda, which I would like to you know concentrate on is actually to do with youth Employment and I think the youth employment is something that we you know We all have to look into it not only the developed world or the emerging market even in areas where we live in Africa Where we just starting I can say that we just starting we need to make sure that we create the skills That will continue to drive the growth that we have you know in Africa. So that's just what I have Thank you very much most maya I'm very excited to be here today I think that when you look at the World Economic Forum and in particular the annual meeting It's really a place where we get to discuss the most critical issues of our time And when you look at technology it's rapidly reshaping our world today And so I'm really excited to see the inclusion of technology at an ever and an unprecedented level Here at the annual meeting, but also I want to stop and commend the forum for the inclusion of women and their efforts around gender equality I know Judith and I are particularly pleased to be here as co-chairs But also the work that's been done around the communities of new champions the young global leaders The global shapers as well as the technology pioneers. It's tremendous to see that inclusion And back to technology when we look at how technology can reshape the democratization of information the way it can connect people and ultimately improve the quality of life I know I'm really looking forward to seeing the new ideas and new innovations presented here at the forum around how we will leverage the tipping point that we're at In terms of technology and what can be achieved to ultimately shape our future. Thank you, Marissa. My thank you very much Chris Kapala Krishnam Thank you, Adrian and good morning to every one of you One of the topics that I'm participating in some of the panels and That is interesting to me is the changing nature of work and Reimagining employment Marissa talked about impact of technology technology is one of the factors that is changing the nature of work Demographics plays another important role the state of development of an economy plays a role here because different regions of different challenges India has its own unique challenge where we talk about Unemployment but more importantly Not employable unemployable That's the biggest challenge for India How do we skill large number of people to actually take advantage and participate in the opportunities that are provided today? So that's one, you know, a large set of themes, which I'm very keen and Interested to hear about other people's ideas and share my own thoughts in this regard the second area That is very very important is sustainable Development, how can we look at growth in a manner in which we don't take away from future generations? We leave the world a better place to live and what is again the new ideas and the new thoughts that are emerging As as people come from different parts of the world to share their ideas here India has always participated in large numbers at the World Economic Forum. We have about 120 Leaders from business government, etc at the World Economic Forum from India and I Look forward to actually sharing my thoughts on India listening to other people what their thoughts are what their concerns are and you know take these Thoughts back when we go back to India. So those are my thoughts at this point Chris. Thanks very much Judith Thanks Adrian. I'm delighted to be here with my fellow co-chairs and To talk about Philanthropies role and how the forum really is a wonderful place for us All of the sectors are changing and it's no longer the case that government only makes policies and business only makes Products and philanthropy makes grants to NGOs Everybody is collaborating now on solutions and the forum is a place where solutions driven activity is Really front and center and so I'm looking forward to continuing those conversations here But we at Rockefeller see philanthropy as De-risking private capital in some ways doing the high-risk innovative pilots Creating leverage for new kinds of approaches and new kinds of ideas and the two areas that I think Are most compelling the trends that we're keeping our eye on and that will be a great deal of the Conversation here at Davos first. We've already talked about youth employment and more Tragically youth unemployment if we focus on Africa alone. We talked about Africa The youth population will double from 200 million to 400 million by 2030 and so how do we continue to generate engines of employment and Employability not only on that continent but throughout the world and I look forward to many conversations starting with the IBC meeting later today That will take that up. The second is really urbanization and it intersects with both job creation and sustainability Most of the urban growth we're seeing around the world is taking place on fragile ecologies on fragile coastlines Places where the impact of climate change is already coming to bear and we're all seeing those effects Large coastal cities many of them in growing middle-income nations Could have a combined annual loss It's predicted of about a trillion US dollars from these events by mid-century so how do we reframe the narrative from focusing on these crises and Looking only at humanitarian aid to really thinking about building both within our coastlines within our cities and within our economies resilience that allows us to rebound more quickly and more effectively for many of these shocks and stresses and in the process of building resilience to create a Resilience dividend that really allows not only safer and more effective rebound But structurally allows economic growth and job creation So those are the kinds of conversations that I'm looking forward to Contributing in a contributing to and learning from during the several days of the forums meetings. Thank you, Judith Thanks very much Christoph de Marjorie Well, good morning all too and I want to tell you I'm re-taking very seriously this Co-vice-chairmanship at this Davos forum. So usually I like to talk about a lot of subject Especially when you talk about reshaping the world, we don't know where to start but here I would like to concentrate to focus as my Anglo-Saxon friends would say focus on two subject one which is Europe Because Europe is not only a problem for Europe. It's a problem for the rest of the world We are part of it and we have a role to play We are certainly to redefine and I would use a word which is reinventing Europe Because I mean it proved to be relatively successful during the euro crisis But it's not over and I frankly believe that Europe has to play a role. It's not over Let's find it together, but don't think it's something which is just for European people. It's for all of us the second subject which is definitely much more linked with being in charge of oil and gas company Often being in the middle of criticism for I must say sometimes good reason I would like that we refocus on what has been one of the major subject years ago climate change and climate change is still there and I'm not hearing it anymore But it's partly exactly what we were saying about reshaping the world today. You have two billion inhabitants without access to electricity in 2050 there will be an additional two billion more as of 2000 two billion People lacking of electricity. There will be two billion more in a bit another planet and and mostly talking with our African friend from Africa Those people are those were calling excluded and we cannot talk about Exclusion I was hearing the message of the Pope Yesterday message was be careful exclusion and exclusion is on everything. It's inclusion on rights It's inclusion on wealth and it's exclusion on energy as far as we can do everything I would like that to we focus on just hope to be antagonising people just stop to be incoherent Asking for something and the opposite and I would like that the industry I represent all and yes Can and should take a major role in seeing first that's what we're doing And that's what we're doing to be committed to better energy But it's a difficult role, but that's our role and that's why we're in Davos. Thank you Thanks to all of our co-chairs got time some questions and Just before we start if you could identify your name and organization If you do want to ask a specific question about the business or about the organization of one of the co-chairs represented here You'll have four days to catch up with them to talk about that This is the opening press conference to talk about the themes. So please I know what a very smart and Distinguished group you are let's keep Questions on the themes of the meeting. Can you just let us know where you're from and We'll get a microphone to you You to reflect on what opportunities technology represents to Africa and what opportunities Who'd like to start on that one Well, I think that when you look at what's happening particularly with mobile devices It's clear that Africa is likely to skip the landline Devices and move straight to mobile. That's already happened And when you look at what mobile really enables with the sensors that we have in terms of really providing a lot of information Context for people the services that can be provided both in the developed world as well as the developing world Are really profound be it helping people understand where services are understanding where the best experts are understanding where employment is Fundamentally technology is about connecting people and making them aware of all the opportunities and efficiencies around them So I'm particularly bullish on how technology can help to reshape Africa Well, thank you very much for your question. I think like what Melissa said differently Technology will shape, you know, Africa. You cannot really imagine how bullish, you know, anybody, you know can be For example, let me give you an example 10 about 10 12 years ago in Nigeria We had total of less than half a million teleport lines both mobile and landlines Today you are taking about 100 and you know 129 million lines We have Seven million people using the Internet today in Nigeria So you can see the massive revolution not only in Nigeria all over Africa, especially the sub-Saharan Africa so there's quite a lot and I believe really technology will move Africa forward It's just the beginning. Thank you. May I may I say just one thing? We see in African particularly as I talked about the youth bulge that we see coming that Technology and digital jobs are a place for youth skills training We at Rockefeller have embarked on an initiative called digital jobs Africa Which will bring a million more people into the digital economy focusing on youth at risk So it's a green fields opportunity and in many cases For a real focus on youth and skills training as a mechanism for economic development and growth Yeah, so yes, I mean like, you know what the You know why you look at it why? Mobile I mean are people just using mobile for fun just talking to themselves No, you see today in Africa for example Why it costs you a lot of money to open an office uncle You can just advertise and put your telephone number and you can easily be contacted So a lot of people are using mobile as their office, you know, I mean as a contact Number why it has actually opened up a lot why people now have Disposable income by you know people contacting them to come and do one job or the other. Thank you. Okay, coming Well the mobile banking, you know, you can see what actually is happening in Kenya in Kenya mobile banking They are, you know, you know transferring about, you know in a year last year I think they did almost about over 12 billion dollars worth of activities and we've started using that in Nigeria So other areas to they're using it, you know, it's a very new thing and it's moving on very well Great, just so we can get around the number of hands raised Can we click gentlemen at the front and then two ladies in the in that row and then gentlemen there? We'll do three and then we'll do another batch of three if we can You all about that particularly in light of the data breach at Target Corporation and the theft of credit card details and secondly How do you see the situation in emerging markets? particularly the corporate chiefs is that are you looking to pile into emerging markets or are you backing out and perhaps it's just a final thought Nice try, that's three questions Okay, can we get the mic to Just to get your questions as well My name is Sarantanya, the Spanish Press Agency This year the number of female participants decreased 2.5% to 15% last year you said you were going to improve This issue, but it's just the opposite. Why? What happened? Thank you I can probably dive in just straight away and just answer that it's actually Participations at 16% not 15% that was from early registration, but it's not something we're happy about The forum has a gender gap report which comes out every year which basically lists gender this Equality across nations and ranks them and looks at where the opportunities are to work with Governments to actually address that long term and you'll see that the forum has a number of task forces in place specifically with governments like Turkey and Japan To work on long-term solutions to what is one of the major challenges of the next 10 to 20 years I think what you'll see today if you look out for for Prime Minister Abe is a focus on The opportunity that's represented by empowering women So I think what the forum is trying to do is make sure that this stays on the agenda If you look at women's representation in global leadership very small Fluctuations in leaderships of big organizations and big businesses can make a lot of difference to those very small numbers But we're not interested in the optics of this meeting We want to share the information But what we really want to do is address the long-term issues and Saudi as a heady who heads up that gender gap program And works with those governments has been doing a lot of work And I think at this meeting you'll hear more about the commitments from major governments to make the kind of changes that will really move The dial on not participation at this annual meeting, but real participation in real organizations through the world So thanks for asking that lady next door Last year Okay aware of the time constraints and we just ask each of the panelists just to address those issues Really if I can join those together about cybersecurity and trust And also about emerging market opportunities And I'm sure Kristoff will want to come in at the end on on addressing the Europe issue that Paul raised so Actually, we'll reverse the order. Shall we and give give Kristoff a chance to come in first Kristoff. Do you want to? Begin us. I've always my chance Thank you Well, it's not the easiest one these question about about Europe I was on purpose using the word reinventing first we have elections coming in May So it is a right time and my first worry all of us is how many people are going to come to vote That's be very important. And then if they vote against What's going to be the future because democracy is you have to accept that those voting says no And if they say no, how you continue and we will have to continue even if we will get this Answer which might be possibly no. So what can we do? I would have Just don't just don't take it as being provocative. Well, I think Europe should be reconsidered as an emerging country Well, the same way we always talk about emerging countries as being bricks, we never we never say anything about Africa I mean Africa is Made today one of the biggest if you can consider 53 countries as a state is one emerging country Europe has to be in one way Added additional skills go back to competitiveness today We are just trying to fight against those who are doing sometimes the same product at a cheaper cost We cannot compete like this and we cannot always complain that China is ease and blah blah blah in Japan and whatever No, we have to upgrade the skills of our engineers workers at all levels and fold them I'm using the word force, which is not not democracy But which is forcing them that case to bring on the market new products Which can't find their position the market in within Europe Which is the first market but also outside and why not in emerging countries? We have to prove that it works even in total We are doing a lot of business in China, which is very competitive I can tell you in China what they can find something they cannot do themselves They buy it they pay the price and they respect the contract So I could be much more vocal on this, but frankly we need to restart on a new base Let's stop thinking that we will rebuild things on things which cannot be anymore the source of development and growth for our Countries and also let's stop to make the difference between South Europe and Nose in Europe because in that case Europe is dead and in that case we will be to reinvent to Europe But that's not the message. I would like to deliver today. I think Paul. That was probably a sound bite in that Christoff, thank you Judith. Do you want to just talk a little bit about the cyber security issue that was raised and emerging market opportunities? Could you heard me mention resilience in my opening comments and part of a Resilience strategy is actually De-linking and de-networking and it seems that we are making more integrated systems that actually are making us more vulnerable We're not going to be able to build walls to everything and so creating in our technology systems Failsafe capacity Islanding when we talk about smart grid technologies We're really talking about one piece going down without taking the rest of the energy system down So using our technologies to de-network and de-link as well as wall in Is one part of the solution that We see a lot of promise in but not as much activity yet as we would like to see Thank you Chris. How's the whole cyber security fallout affected India? You know We have to look at this differently innovation is always ahead of the loss of the loss of the state and things like that and Today the capability that technology provides As you know far exceeded our understanding of what should be and how should we manage and govern this? I believe that loss will be created new Equilibrium will be reached between the state the business the citizen because of The nature of technology if you flip it the other way around The power in the hands of the individual is unprecedented. No time in the history of the world Can you actually tape something and upload on to the internet and millions and billions of people can download it? And hear your voice see what you want to say without any state being able to stop it actually So, you know, we have to look at it and say okay How can we look at it in a different manner India has similar challenges actually and of course We are not yet so connected. So we are not yet faced with the same problem on the emerging market quickly You know, I realize now we have new competition Europe but that's how it should be, you know in the interconnected world competition is good Emerging markets are going to compete some of the fastest growth growth markets are emerging markets you know India growing at 56% China growing at 78% and and that's where the opportunities are and and the better Run better managed countries will attract better and higher in investments. That's how it should be Thank you Marissa that issue that has dominated news headlines of cyber security. How has that Played out for you. I think that in terms of security and privacy the annual meeting represents a place where we can have a lot of discussion and debate and we're really at the beginning of That debate in terms of how government should be addressing it how corporation should be addressing it Certainly at Yahoo We have a very firm belief that users aren't control of their data There should be transparency which we provide in terms of where their data is stored how it is used We issue a transparency report globally in terms of the requests we receive And we've been somewhat constrained in terms of the NSA in the United States and their request and what we can be transparent about we've made a call for additional transparency there But for us, this is really a period where we get to have the discussion have the debate and also for our company An opportunity to really invest For our users privacy security and ultimately their trust and just on emerging market opportunities I know sorry to push you with your throat In such tough shape do use where do you see the opportunities lying in those emerging markets? You mentioned Africa just earlier? I think that there's tremendous opportunities and we see them, you know all over the world When I look at what we are Achieving in terms of communicating and allowing people to communicate and connect to each other in the Middle East in Indonesia We see unprecedented numbers of people coming online using mobile technology And really getting the benefit of all the different contexts and applications that are available to them Thank you Aleco Dan Cote. What's your What's your view on those two issues of cyber security and the emerging market opportunities that faces? Well, I think there are quite a lot of opportunities, but it's not what Marisa said that, you know, obviously if They have to respect people's privacy, you know, obviously if there's no privacy then differently the future of You know, I T I mean I city will be a little bit doubtful I personally believe that, you know, going back to looking at emerging markets Africa the opportunities are enormous It's just that we have not actually, you know, even Started actually, you know, I was telling a friend of mine when I came through You know Geneva and I was telling him that, you know, I am imagining that in the next You know, 10 years you are not even going to have any immigration officer As most of the airports in Europe, maybe you just go and scan your passport and Walk through I think that's what I'm looking forward to. Thank you. Thank you. Thanks to all of our co-chairs We're out of time and they all have sessions to go to you probably do too Thanks to all of you and I wish everyone a very successful and interesting 44th annual meeting. Thank you. Thank you