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Technology San Francisco World Economic Forum

World Economic Forum prioritises tech with San Francisco hub

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By John Glenday, Reporter

October 11, 2016 | 1 min read

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.

Technology San Francisco World Economic Forum

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