 Excellencies, ladies and gentlemen, good afternoon. It has been an extraordinary summit on the global agenda. A special thank to His Excellency Kaldun Almurbarak, Chairman of Abu Dhabi's Executive Affairs Authority and Chief Executive Officer and Managing Director of Mubadala Development Company. His Excellency, the Co-Chair of the Summit, it is no time for the closing plenary. I feel very privileged to have been part of an extraordinary journey in the last two days. With council members forming the leading community of thought leaders in the world. The good thing is that this is a start of a journey, not the end. This is in that sense not a closing panel, but a forward-looking panel. And I'm very pleased to have such a distinguished panel with me here today. We have on my left-hand side, we have Lana Nusebi. She is the Director of Policy Planning, Department of Foreign Affairs in United Arab Emirates. Thank you. And then we have Jose Antonio Torres, Undersecretary in the Ministry of Economy in Mexico. But also Mexico will have the G20 presidency next year. So we're looking forward to hear what the Mexicans are planning and also about the input from this summit. Then we have Lina Mohulo, Garner of the Bank of Botswana. We have Ambassador He, China's Ambassador in Geneva and former Deputy Foreign Minister of China. And then we have Garner Bill Richardson, eight years Garner in New Mexico, former Secretary of Energy in the U.S. and distinguished career also as U.S. Ambassador to the United Nations. And last but not least, we have Robin Niblett, Director at the Chatham House in London. Ambassador He, what was for you personally the most important takeaway from this summit? Thank you very much. I think it is the search for new models based on new reality because this is a new world we face, a world full of uncertainties and a prolonged global crisis. This crisis has three major risks as I see it. First, advanced economies are in the mess of low growth or even negative growth, high unemployment, high debt and high deficit. New emerging markets are also faced with a slowing down in their economic growth and a heightened pressure of inflation. One risk at this global financial crisis, which started in Wall Street, of course, is spilling over not only into economic arena but also into political and social areas. We witness young people occupying Wall Street for weeks. We see ordinary people, especially young people, took onto the street, rioting in England. And those people, not the similar people but young people in Spain, Greece, are on the street against austerity measures, not to speak of the Middle East. This social unrest turmoil is a big challenge for us. Third risk is a loss of confidence by the people, especially the young people and in the market, in the determination and the ability of governments to overcome the crisis. So what to do? We appreciate it very much, it's personally the economic forum's effort to seek new models. For that to work, we need new thinking. We need to build a new type of global partnership that at least has three elements in it, not elements but should be based on three things. I call it ABC. One is action, not hesitation. We need action right away. People are hesitating, governments are hesitating. Governments need to take responsible, immediate and effective measures in their economic, financial and social policies, be it European debt crisis, be it a developmental gap between North and the South. They need to do it right away. Second thing is boldness, not cowardice. Governments or leaders in various countries need to garner enough political courage and will to overcome short-termness and bias to take long-term structural reform measures that is very much needed. Third element is cooperation, coordination and a heightened sense of togetherness. We're all in this together. Not beg-dying labor policy, not blaming others for one's own mistakes, we need to strengthen macroeconomic policy coordination, speed up global economic governance reform and pay more attention to LDC countries, the developmental gap between North and the South. Thank you very much. Thank you so much, Ambassador. I think that's a pretty strong message from our friend from China. Governor Richardson, the ambassador invited here to a new type of global partnership based on action and not hesitance. Is the U.S. taking up this challenge? Is it ready for this partnership? I also noticed that I guess I'm the only politician here, so I don't start out as being very popular. My biggest personal takeaway is, and it relates to what the ambassador said, was first about the United States. I thought I was coming to another forum, at least this is what happens in America, where America we bash ourselves. We are having difficulty, our economy, our gridlock and our political system, so I thought that this was going to be another instance where they'd say, America, you're not doing well. I did hear a little bit of that, but I also heard that there is a need for American leadership, that America needs to straighten its house, but also in the areas of international economy, foreign policy, issues relating to the third world, climate change, that America needs to lead. There's one quote that appeared in one of my panels, which I want to share with you. The single greatest risk to global stability is a significant absence of U.S. leadership. So I was very pleasantly surprised across the board, for many of you, in your own way saying the need for American leadership, but basically straighten your house, but please continue this effort. Now, I also was very pleased to hear about the support for the values of free markets, individual liberties, institutions that are free, something that we've championed in America. So my personal takeaway is almost a thank you to many of you for, I think your very sincere comments about my country. Now, China, my second takeaway, and it's related to what the ambassador said, I remember when I was at the United Nations, and the Chinese ambassador would come to me and say, we are a developing country. We cannot pay what powers pay in your assessment of the United Nations. I'd hear this everywhere. You know, we're a developing country. And an important takeaway that I got here today was a new confidence by Chinese business leaders, political leaders, a new aggressiveness, a new tone of responsibility, which I think is consistent with China's accession as the number one, as the number two GDP assessed country in the world, replacing Japan, United States, China, Japan. And so my view is that China needs to go a little farther, that it is now reach a stage where it's close to being a superpower, and that should translate into new leadership responsibility. So in summary, U.S. leadership needed, get your house in order, but continue to lead. And secondly, a more confident China moving to the world stage. And I want to conclude by thanking the United Arab Emirates for an outstanding hosting situation, as well as their leadership in renewable energy. I don't know if everybody got a chance to see the Mazdar city or their efforts in renewable energy leadership around the world. And of course, the World Economic Forum and Klaus Schwab, who is one of the great thinkers that we have today in the world. Thank you. Thank you, Garner. We're coming back to UAE and the Mrs. Nusebi. But I would like to, since we know being in China and the U.S., and the Garner ended with seeing willingness to take leadership in China. And also, there is this willingness in the U.S. Is this leadership there in Europe? Robin Niblet, Chatham House. Thank you very much, Boye. Is leadership there in Europe? I think we're trying to find leadership in Europe for Europe. Never mind leadership in Europe for global challenges. And maybe the best thing that Europe can do at the moment is to find leadership for itself. My kind of takeaway, I think, from this conversation and the wonderful conversations I've been able to have, certainly in my group I've been sharing the Europe Regional Agenda Council for these last couple of days, is that we're used to thinking ourselves in Europe as being in our own awful problem at the moment. The rest of the problem is outside of the world kind of pale into insignificance compared to the situation we're in. But I've kind of come away from this, thinking that maybe Europe has elements of a microcosm of global what-ifs, of global problems. When Europe is in itself, in the European Union in particular, the trusted community par excellence. I know as Nari Woods used this phrase earlier today about the importance of trusted communities within international governance. But right now I see a real breakdown in that sense of trust between and among countries that have got very used to working with each other and expecting a certain level of common destiny. But right now the euro crisis, the rise of imbalances, the sense as Daniel Gross, one of our members, said here that there's a kind of dictatorship of the creditors within the euro zone really has, I think, led to an essence of a breakdown of trust. And there's a real risk that this could flip over into aspects of protectionism. And I think my big worry leaving here is the sense that what we think is a slow fuse crisis might tip over imperceptibly, but very importantly, into types of protectionism. This is where the international parallels become important. I look at the rising tensions between China and the United States. The worries about currency fluctuations and their impacts in particular on some of the major emerging economies. And you suddenly become aware of the fragility of the trade system that we've all become so accustomed to and so used to for these last 50, 55 years. And I thought Patrick Messelin made a very good comment reminding us all of the interlinkage between trade and investment. I keep thinking of the next phase of globalization as the big flow of investment, almost the return of investment from some of those creditor countries that took the money from the West back in the opposite direction. But if trade starts to break down, why would China invest heavily inside the EU or inside other countries? You rely on those investments being platforms for global trade. And if the trade and the protectionism starts to break through from these global imbalances, the whole thing could start to gum up in ways that we've not particularly thought about yet. So my main concern at the moment, I think, is probably that one. The model of that open trading system that we've relied on inside the EU and that the world has relied on as well is probably in trouble. And we really need to focus on it. And I'm very pleased that at this Global Agenda Summit, this issue is really being teased out and discussed in the meetings I was part of. Thank you, Robin. Lana Nusebi, coming back to the main question, what has for you personally been the most important takeaway from the summit? I think the Black Giveaway Bag deserves a mention here. First of all, I'd really like to thank you and Wes on behalf of the UAE government for what has really been an honor and a privilege having you here for all the work you've put in to make this a really dynamic, exciting, and innovative group of leaders and experts in their field. And I think it's been unparalleled, actually, in terms of the meetings we've had in Abu Dhabi. So many thanks to Professor Schwab and others. I think there are three key takeaways that in the councils I've attended and some of the common themes across panels that I've seen emerging that people agree on. I think one was raised yesterday by His Highness Sheikh Adallah, by Professor Schwab, by Prime Minister Gordon Brown, when we talked about cooperation and collaboration needing to be the new norm. Some of my colleagues on the panel have mentioned it, and I think it's because it's really becoming a forefront issue. Professor Schwab referred to the UAE as a country of global citizens. I think the takeaway is that indeed it's a global world of global citizens, and we are going to need to adjust our mindsets to that as we tackle all the challenges that we are facing, whether it's the financial crisis, climate change, energy price volatility, our fates are truly interlinked. The second theme I've seen emerging I think in some of the deliberations is that sustainability's time has come, and this is something that it's a message that we need to drive home in all our collective governments and civil societies and so on. I think that in terms of approaching some of these global long-term challenges, it's clear that we have been in crisis mode for too long, and I think some of the thinking has reflected that over the past two days. Whether we're talking about food price insecurity, whether we're talking about energy price insecurity, or the crisis in the Eurozone currently, we need to start pushing governments towards a long-term strategy so that these lessons from history as it were are not repeated. And the last takeaway I would say is really one of optimism, and I think that's something that's been the most encouraging about my interaction at the council here and some of my colleagues from the UAE government when they when they've expressed this sense of optimism. It's the human creativity, the innovation we've seen in approaching complex challenges that frankly are not new ones, but we seem to be tackling them again and again in different contexts. And I think it's very much expressive of how the UAE has approached the whole issue of our development as an emerging economy, whether it's in the field of education, whether it's in the field of climate change, as was mentioned. We are really taking the approach that investment in our greatest human capital is the most important strategy today, investment in our people and their education. It's why NYU is opening its doors here. It's why museums like the Guggenheim and the Sorbonne will be opening their doors here in 2014. And I think this is the key takeaway. I'm feeling optimistic that we can together address these challenges and that we are all on a collective path together. Thank you. Thank you so much. Lena Mohulo, being one of the most experienced gardeners and the central banks in Africa, we are in a time of unprecedented challenges. We've already touched on some of them. For you being here now for two days, what is the most important takeaway for you? Thank you. Thank you very much. What I consider to be the most important was, of course, difficult to just single one out. But there's one that I continues to show up as number one, even if I'm trying to have the others compete with it. And that's a view that I believe is shared by most people in this room, global economic interdependence, with a slant, of course. I think there's a view that what we could learn from this Eurozone crisis is that as we integrate, whether it's in a regional perspective or continental perspective, we have to be cognizant of the fact that there are others who may want to be a part of the process but would not be able to sustain the consequences. Particularly when they become negative. Therefore, as I said earlier in one of the get-togethers, I believe those of us who are still engaged in getting together at a regional level should adopt the variable geometry approach. And that is not to suggest that others would not be a part of the process going forward. In fact, the model presupposes that going forward, those who are ready, because of the model that will be adopted, will be accommodated. In fact, it is important that as the situation unfolds, information is provided to those who are already in and those who are already outside. This would be able to provide people with everything else that they are getting themselves into, including those who are outside the process. It will also inculcate public trust and a buy-in in the process. And therefore, when people have bought into the process, when the fallout comes out, they are more than willing to take the consequences and get together in resolving the problems. Now, I'm also optimistic, of course. Hanging with the issues I've just highlighted, there is the question of the fact that, in that case, people tend to seek glimmers of hope. And I have no doubt in my mind that that has been prevalent throughout the discussions at group level, even at plenary level. The need for the eurozone to be resolved is imminent. It needs to be done yesterday. And a point was made earlier that we cannot afford to continue to suffer the consequences of the timidity of leaders. What we need is bold decisions, and they must be made with immediate effect. The fact remains that the eurozone crisis is now in the right place on the agenda of the G20. And I believe that when the G20 meets at the beginning of November, by the time they finish, we will come up with a resolution that is effective and in the best interest of global economic interdependence. I am saying this because I think when we met in Washington, D.C., at the time of the annual meetings of the Fund and Bank, what came out was a big plan about another plan. And it is important that when the G20 meets, they actually unfold and unpack that plan and come up with resolutions that will be able to make us see a much brighter light at the end of the tunnel. The fact, of course, remains that the eurozone is the world's largest economic block. And we can't afford to procrastinate. Indeed, global developments are waiting the resolution of the eurozone crisis. European leaders may not like the verdict of the rational markets, but they can't avoid it. They can't ignore it. And therefore, it is important that head-on we face up to the issues and come up with something that will be able to lead to global recovery in a sustainable manner. We have to remember successes of the past, where decisions were made almost immediately. I'll single out two, and they all happened to have taken place in the United States of America. Of course, the world outside the United States also took part. The first is, in the aftermath of the Lehman Brothers demise, there was considered effort. There was seriousness of papers with respect to the G20 when they met in London immediately after the fall of Lehman Brothers. And I have no reason to doubt that that resolution and seriousness of papers can prevail in resolving the euro crisis. The second one is President Obama's tap. It's an acronym for troubled assets relief program or project. It was put together. It was flexible. It was sufficiently large. It has been politically insulated. And of course, no money was lost. So in the final analysis, I want to reiterate the point I made earlier. Coordination and interdependence of markets is very key. Thank you. There's one thing that we can remember. Supplaces and deficit means that one country's surplus is another country's deficit. And both can be reduced at the same time. Having said this, I want to tell you the obvious. Africa is waiting to be a part of the process. It is no longer regarded as a problem. It is now an opportunity. And I've seen that written in many, many people's faces as I interface with them in the process. So we stand ready to be a part of the problem and of resolving the problem because in the final analysis we'll be able to be taking a share of the pie. Thank you. Thank you, Governor. And also the six fastest growing economies in the world are now in Africa. Coming back to G20, Minister Jose Antonio Tore, the World Economic Forum and the Mexican government have formed an MOU where we will collaborate on input to your presidency. You've been here for two days, listened in very actively and taken part in discussions for the preparations for the Mexican presidency. What has been the most important takeaway for you that you will make sure is brought into the process? Yeah, thank you. Thank you very much. Thank you for the opportunity. It's been this past couple of days have just been fantastic. And just the energy, the level of discussions, the mass, the amount of talent being congregated in this meeting is just amazing. And it should give us all a sense of optimism. And also of the achievement of the Committee of the World Economic Forum and committing to improving the state of the world. I think what we're doing here together is getting the ideas to improve in the state of the world. So I'm very happy to be part of this process. And just before coming to the G20 and the Mexico presidency, just I think this very bold and very intelligent process you've put together is just an antidote for conventional thinking. And I think the world is precisely what we need. We need to think in new ways. We need to take collective action where everybody does its parts. We need the US to do its parts. We need China to do its parts. But we need every country, every citizen, every institution to do its part. And I think that's one of my personal takeaways. It's not in the hands of a single country, of a single person. But I think we all need to push the envelope. And this is one of my personal takeaways. And connecting this to the Mexican presidency, obviously this past couple of days has been just an enormous amount of value in terms of the strategic insights put into our thinking on the presidency of G20. Yesterday, we had a one hour lunch with maybe 10 to 15 people. And the amount of insights and the value that was provided in that one hour meeting was just incredible. And we really are very thankful for that insight. And we're going to be close to the web in order to pursue that process of getting insight and to really react into the needs of the world and not necessarily to the needs of any specific region. And I think that was one of the most important takeaways. And the result of these global agenda councils will precisely feed into the agenda of Mexico. We need to see what happens in Cannes, but Mexico is ready to lead bold action. Mexico has lived crisis, has lived financial crisis in the past and has been able to go through them successfully with bold action, taking the right steps. And the situation, the macroeconomic situation right now just shows how we've been able to handle that. So I think we're able and we're ready to show leadership and to strengthen the leadership of the G20. Thank you. Thank you. Robin, one of the aims for this meeting was to develop new models to get things back on track. What kind of new models have you seen emerging from this meeting? That's one of those tough questions. Thank you for putting me first on that one. I think I'd start by saying that from my perspective, and this meeting confirms it, I think still, we are an era of international politics more than an era of global governance. I think at this stage we have rising powers which want to be able to take advantage of some of the sovereign prerogatives that we in the West took advantage of for 45, 60 years after the Second World War. They're not bored into the rules. They're trying to find their way and they place into those rules. But it feels to me like an era of international politics. But also, and the reality is visible in this room and it's been said already, including on this panel, it is a world of interdependence. And this strange mixture of international politics and interdependence really poses a huge conundrum which I think we all are working on. In my sense, and I want to go back to a theme that I mentioned at the beginning, I think we need to focus as much, and this is the model for me, on building trust between communities rather than architecture. I don't think we're ready. I mean this is hard to generalize across every area. But as this is a final panel and one does generalize a bit, I think that it is a tough time to try to build architecture. But it is a very important time to build trust. And what I think this means, number one, for me, is national governments raising their levels of competence so that we can start to be able to have dialogues and be able to develop responses that are similar and that we can trust when one government says they'll do something, they'll be able to follow through and that we understand, and each government understands, secondly, that their domestic politics will have huge impacts on every other country. We don't just interact as little black boxes with each other. Internally, our decisions, whether they be on energy, on protecting or nurturing resources, on fiscal policy, on development policy, on education, these decisions, which used to think and used to be so domestic, are now, I think, have huge impacts internationally. How do we raise the competence levels so governments can deal with those challenges? How can we build trust that each government is capable of doing it? That, to me, is the challenge, and whereas there are a forum, even in the European Union, we've started to go inside what used to be considered very national areas of governments, justice, policy. Obviously, we're talking about budgets now, taxation is coming back up. These used to be no-go areas in the European Union, no longer, and I think we have to find, maybe it's in the G20, maybe some other forum, a chance for a dialogue, to explain to each other why we're taking the national decisions we're taking, and a chance for others to explain the impacts those are likely to have internationally. I'm a big believer in the multi-stakeholder approach that the World Economic Forum has promoted and that is so visible in the room today. I'm concerned at times that national governments may not be able to be as valuable in interlocutor in that multi-stakeholder approach as I would wish, and that's where I would focus the effort. That's the model, building up trust in national governments so they can partner on these big global challenges with everyone here in this room that's trying to work on them. Thank you. Thank you. Governor Richardson, trust, and also in a multipolar world, including all stakeholders, because it's not only about governments anymore, it's about business, civil society, and et cetera. Looking at the models that are no-needed globally, what are the models that you would share with us that you have seen emerging from this meeting? Well, first, collaboration, inclusiveness, I have sensed just from every discussion that we need to attack the global problems of energy, insecurity, the global financial crisis, resource scarcity, water, endemic diseases, that we need to do it in a collaborative fashion. We just can't do it in the old, multipolar, old, institutional way. That's number one. Number two, I think because we all share an economic situation where our budgets, our government budgets are dwindling no matter where we are, I think one of the models that I've picked up here that makes sense is public-private partnerships. If you look at the need in the world for new infrastructure, telecommunications, energy, highways, bridges, rail systems, grids, there's $5 trillion in investment that is needed in infrastructure and it's gonna take public-private partnerships and here the role of the private sector is key. And I'll conclude with what was said about trust. I think it's absolutely critically important. I think the most important model that has happened involves people. It involves a struggle for human freedom and prosperity and that was the Arab Spring. That was individuals rising up and either through social media or through a new form of communication, changed governments, individual freedom. And while I heard too the importance of the coalition of the willing, countries getting together, I guess the World Economic Forum model of countries and philanthropic organizations and citizens and all kinds of NGOs collaborating to build political movements, I would hesitate a little bit about saying that we have to throw out all institutions. If you look at what happened in Libya, it was the Arab League and this is a contribution of a young woman, Egyptian woman at one of our panels. It was the GCC countries and the Arab League that pushed NATO, the big powers to act on Libya. Those are existing institutions, the Arab League, the GCC. And I say this because yes, we need to revitalize the United Nations by expanding the Security Council, et cetera. The IMF, the G20 needs to be more inclusive. The World Bank, these are institutions that were established after World War II that dramatically need to be revitalized, but not replaced. So I think the strategy of the coalition of the willing and reviving existing institutions should be the new models that are pursued in future World Economic Forum meetings. Thank you. Ambassador Her, what are your new models? Thank you. Before I talk about new models of what I picked up, I think I need to briefly touch upon the leadership role of China as mentioned by Governor Richardson. Because this is something we have debating even among ourselves. The first question we need to answer is, how does China view the existing international regime or system? Is China a revolutionary or is China a reformer or contributor? I can tell you clearly it is our national decision that China will be a proactive, constructive participant, contributor, builder and reformer of the system, not a revolutionary, want to overthrow the whole system. Secondly, China is determined to play a role, be it a leadership role or a partnership role, can measure it with its capabilities and responsibilities. For instance, China being one of the P5, member of Security Council, we have special responsibility for peacekeeping operations all over the world. China actually provides the greatest number of peacekeepers, over 10,000 soldiers, among the P5. On the new model, I would be more specific this time, it's about the young people, the young generation. Sometimes it is called a generation of anger because you see lots of young people take on the street and try to vent their anger. Why is it? We see a very strange phenomena of young people who have no jobs, no income, no welfare, no future. What will you do if you have no future? According to International Labor Organization and OECD report, for this year, the global unemployment rate is 6.8%, for young people, four times of that, in some countries even higher. They have lost confidence in the system, in the political parties, in the government to solve problems for the young people. I've been thinking about this, we need to have a comprehensive effort, we make comprehensive effort to resolve that issue, otherwise our society will be in peril because young people are our future. First, job creation, job opportunities for the young people. We stimulate economic growth with priority for job creation, especially for the young people. Secondly, we need to establish a interactive participatory channel of communication between the young people and the governments and the amount of different players in the society so that the young people have a sense of ownership of their future. They will be part of the mainstream of society, not feeling left out. Certainly international organizations, the UN system, NGOs, can play a key role to integrate issue of young people into the global agenda, for instance, into global developmental goals. So young people can even internationally have made for them. This, I would say, in this connection, the Economic Forum has played a leading role. They have created a program of global shapers for the young people between 20 and 30 years old. This is really very good. Thank you. Thank you. We have now a community of more than 120 cities around the world with young global shapers and knowing that more than 50% of the global population is under 27. We will have a lot of challenges connected also to this demographic fact in the years to come, but there are also opportunities, a lot of jobs that have to be created. Governor, we are coming close to the end, so we have to be a little bit cautious about the time, but I would also really like to hear your take on this and also a model that you take away from this meeting. Yes, at the risk of repeating what has already been advanced, I think for me the emergence of the view that it is important to have trust has to subsist between and among parties. It is an element of governance that I think we have taken for granted in the past, and that comes from transparency. And I'm saying this because I suspect that the vast majority of Europeans believe that the Eurozone crisis is only affecting the Italians and the Greeks. What they don't realize is that it's much more widespread, including the Germans themselves. They will suffer the dire consequences of what has happened. What do I say that? It's because even if the crisis were to be resolved tomorrow, there is no doubt in everybody, in everyone's mind, that in the coming months GDP for Germany will shrink, and of course fiscal screws will tighten. The banks will also tighten credit. Ultimately, consumer confidence will slump. What happens, we then have to work together, as I said earlier, to make sure that Germany doesn't suffer and then take all of Europe with it, because Germany and France, of course, are the dominant economies. We cannot afford to have them suffer. And I have to be understood. I'm not saying they're too big to fail. I'm saying we can't afford to have them fail because they are an important export market for the other constituents part of the globe. The public needs to be very much aware of what's going on and that it is important that the solution is also communicated effectively to members of the public because it's not going to come without a cost. Now my plea, as I conclude, is the entire loop needs to work together, not as disparate elements as used to happen in the past, but we have to work together as a cohesive whole as we take rightful positions in the family of nations. Thank you. Thank you. Jose Antonio, after Lehman Brothers fell, G20 was seen as a new model that can bring the world together and revive economic growth. Do you see G20 as an adequate new model? And how would you make sure that G20 will also raise to the occasion when you take over the presidency? I think the original goal of the G20 is still unsolved. And we as a G20 and as the world have not been able to solve the original identified problem, the financial system, the fiscal imbalances. And advances were done, but I think the problem, again, has not been solved. And we were totally committed to making the G20 be part of the solution. Again, the solution needs to be addressed in different ways. The solution needs to be thought out in different ways. And all the stakeholders need to participate. But the G20 needs to take both action. And Mexico, it's ready. It's ready to do that and to address the basic concerns that G20 was created and also open up new ideas. And there was in this session that I was talking about on the G20, on the reflection, and that we need to put the human being, again, back in the center of our policies and of our reflection. We may have lost sight that we're working for the people and for the well-being on the people. And I think that's, I want to say, a new model. But we need to get back to reflecting on how we're going to improve the lives of people. And I think that's something that we need to do. And the Mexico Presidency is ready to take that challenge. Thank you. Lana Nusebe, very pertinent that you will have the opportunity now, also on behalf of the host, UAE, to comment on these new models. And also, we're very gracious, of course, for the opportunity to have this unique summit here in Abu Dhabi this year. More than 79 councils, 800 participants. So what is your perspective now coming to the close? Thank you. I'd like to comment just very quickly on my colleagues' mention of the G20, because, of course, the UAE are participating this year for the first time as invitees. And this really comes to the heart of one of the new models we've seen emerging over the past two days, which is, where is global governance going? Where are we legitimizing how decisions are taken at the highest level? And who in the steering committee has the right to take decisions on issues that will affect regions and countries, in fact, who are not represented at the table? And I think this process where we have been invited has been an amazing experience for the UAE to really sit at the table, to engage in the discussions. And it's part of this broadening of the global governance debate that I think has been very successful. And I hope Mexico continues with under its presidency. So that's the first emerging model I'd like to mention. And I think it comes to the heart of what we've really been discussing over the past two days. The second one is it comes from the Human Rights Council, which I've been participating in over the past two days. They've actually threatened to lynch me if I don't talk about them today. So to preserve my rights, I'm going to mention that there is a great new model emerging from the Human Rights Council that I believe all countries in the United Nations Human Rights Council have endorsed and committed to, which is very unusual in the sphere of multilateral negotiations, which is John Rogge's guiding principles for human rights practice in business. Business were a part of this council and they fully endorsed the principles. There are a number of good ideas there. It shows a new model for public-private partnership that I think here in the UAE is something we're very keen to learn from as we develop our own roadmap on this topic. Thank you. Thank you so much. I will also use the opportunity to thank the panel, but we will also have a closing and thank you after that. So let's give a applause to the panel. Thank you so much. Thank you. And then it's my pleasure to introduce the executive chairman and the founder of the World Economic Forum, Professor Klaus Schrupp. Excellencies, friends, let me start with a story. And the story was told to me some minutes ago by Dr. Ahmed, the chief of staff of the Iraqi Prime Minister Nouri al-Maliki and a member of one of our global agenda councils. I asked him what was his reaction and he answered by telling me the following story. There was a mother sitting and doing embroidery and her child was sitting at her feet and suddenly the child got curious and asked about the purpose of the book. When all she can see is a messy flow of threads. So what the mother did and what we have done maybe during this meeting, the mother put the child on her leg and took her up and said, now you see there is a pattern emerging. And I think this has happened during this meeting. We all came here, engaged in our own small world and we see now a pattern for the world of tomorrow with all its challenges, with all its problems and great opportunities emerging. Now I was listening to the excellent remarks of our closing panel. I just would like to add one or two other observations. The first one is more of a technical nature. I think we ask all the questions, what's now, what's now? And my colleague has already mentioned Borger Brandem that this is the beginning of the process and we hope that you will show us the same energy now in interacting over our virtual platform and interacting not only among yourselves but interacting with the other stakeholders of the World Economic Forum and to provide input into the forthcoming events and particularly to provide input into the G20 agenda. Now the G20 agenda brings me to another point. And it was mentioned by Governor Richardson. So G20 is a very important, I would say, innovation born out of a crisis. But it's not the soul's illusion to our problems. We need inclusiveness. We all have to be in our hearts and in our thinking and in our actions. G20, which means we have to reflect a spirit of global cooperation. And the G20 will only be successful if it's supported by all the other organizations and particularly in a world which is now very much governed from the bottom up and not anymore from the top down if it is supported by networks. Networks. I take up your word, Governor, of the willing but also of the capable of the most knowledgeable and I think you are one of those networks here sitting in the room. Another point which was striking for me and again I refer to one of the panelists who said, Minister, it was you who said in the center has to be again the human being and I felt I should coin a new expression. We are moving maybe from capitalism to talentism where the key factor is not anymore the capital even if Europe has now a lot of problems with its capital situation but where the key factor is the talent the capability of the human being. Now, one other observation we still are used and that's maybe also a new model we still are used, I was listening to the discussion let's say America, China we still are used to think in terms of national identities but in reality if you really want to be citizens of this new world we have to develop the capability to accommodate in ourselves different levels of identity as a government and as a human being we all today in the modern world should have a global identity because Ambassador used the word togetherness we should have a global identity we should have a national identity and of course we should have a local identity because we need to cultivate our cultural roots but the issue is not to play one identity against the other one the challenge will be to accommodate those different identities in our decision making and in our interaction with other people and the final word I may often ask and some of you know my definition what leadership is and having been a university professor for management I could give you many books describing all kinds of leadership styles but I have a very simple definition and I think you all have corresponded to this definition if I look at the atmosphere if I look at the outcome of this meeting for me leadership means four elements and you all brought the four elements here into this meeting the first element is the soul the second the heart the third the brains and the fourth the good nerves I would change it afterwards a little bit listening also to the panel I came to the conclusion it's not the good nerves it's something else but I will come back to it now why is the soul we need a direction we need a vision we need values and you all have been committed to this vision to this mission of the World Economic Forum you all spent time, efforts to come here to interact because you are committed to improving the state of the world but it needs also heart it needs passion and I have to say walking around I was fascinated by the passion which you felt in each of the Global Agenda Council I think if this was a different meeting normally you see a speaker and you see a broad audience but here you saw a real passionate interaction and the heart was not only evident in the passion it was evident in the compassion because we were speaking about how we could take care more of the other people in this world now soul, heart, brains you all acted as great professionals you all are the best people in your fields so it was this combination of being committed being passionate and at the same time being high professionals which made this meeting so special and I have to say so rewarding also for us as having been responsible for the meeting now I said usually I would say the meeting is soul, heart, brains and good nerves but I would replace now the good nerves and would say in the state the world is in instead of good nerves but we need impatience there is a proverb which says patience is a virtue but I would change the proverb and I would turn it around and would say impatience today is a virtue because we cannot tolerate that we continue to do what we are doing we need to act inside the new models so I thank you all for having brought so much soul, so much heart so much brain to this meeting having shown good nerves sometimes but also impatience when it was good to do so and all this has been made possible by our great hosts the government of the United Arab Emirates and I would particularly express my attitude, by my gratitude to those who represent the government this evening here His Excellency Kaldun Al Mubarak Chairman of Abu Dhabi's Executive Affairs Authority Minister but also our co-chairs His Excellency Nasser Mohammed Omar Abdullah who is with us this evening and I would like to ask you to transmit our gratitude to everybody in the Emirates and to the people also of the Emirates because we had great hospitality here in this country and this certainly facilitated our interaction so I thank you all and we will see each other again on the screen on the screen, I repeat be very interactive and we will see each other again at the latest in November 2012 in the United Arab Emirates Thank you