World Economic Forum prioritises tech with San Francisco hub
The World Economic Forum is alighting on San Francisco for a new policy centre as it recognises the growing influence of technology in shaping the world economy.
Conceived as a means of connecting technology companies with policymakers the hub has been spurred by the belief that we are now in the midst of a ‘Fourth Industrial Revolution’, requiring a global approach to legislation and policy.
World Economic Forum founder and chairman, Klaus Schwab commented: “Depending on the collective choices we make -– as consumers, as communities, as business, government, and civil society leaders -– these technological breakthroughs could give us the power to move into a world that is even more prosperous, while being more sustainable and more inclusive.
“Alternatively, we could end up in a world where our economic, political and social systems are more rigid, more unequal and more conflicted.”
It is hoped that by establishing a physical presence in the heart of Silicon Valley the WEF can maximise the benefits of technological breakthroughs to global society whilst minimising the downsides.