What is the Davos optimism based on? – Strategy head
Mark Spelman, Global Head of Strategy at Accenture, stopped by the Davos town library (our WEF headquarters) to talk about what he believes have been the key developing themes at this year‚Äôs meeting.
In this first video, Spelman talks about key growth trends and the reasons behind the sense of ‚Äėcautious optimism‚Äô at Davos 2011.
‚ÄúIf 2010 was really about stability in the global economy, I think 2011 is all about the pace of global recovery,‚ÄĚ he says.
‚ÄúOptimism here is to a certain extent trumping pessimism. But the key question is, what‚Äôs this optimism based on?‚ÄĚ
In this next video, Spelman analyses the underlying mood of confidence at Davos and how to balance the focus on growth and innovation with cost and complexity.
‚ÄúNo-one wants to take hold of more growth opportunities whilst at the same time fundamentally increasing the cost space. What we‚Äôre beginning to see is a new era of both growth but increased competition,‚ÄĚ he says.
In this final clip, Spelman discusses the role of emerging markets and how this change should be managed.
He says: ‚ÄúThe developed world is probably growing at two percent on average in 2011 whereas most of the emerging markets will be at 6 percent. So the emerging markets are becoming more powerful, but there is also a question of interconnectedness and this is where the politics comes in.‚ÄĚ