The next edition of the Annual Meeting of Delphi Economic Forum VII is set in motion for 2022. Coming this spring, between Wednesday to Saturday, April 6-9, at the inspiring surroundings of the town of Delphi.
During a time of uncertainty and increasing complexity in the world, forecasting and analyzing trends becomes harder than ever. For 2022, speakers and distinguished guests from Greece and globally, will be attempting to take a future look into the world and answer questions on the path forward, on current existential issues of a new world that is constantly shaping around us after the Pandemic.
The thematic pillars of the Delphi Economic Forum VII are:
World Security – A state of flux
The world is becoming increasingly complex and unstable, obliging us to consider the possibility of a world in a state of permanent uncertainty. The US-China rivalry, is unfolding, calibrating the geopolitical interest towards the Indo-Pacific region, and affecting countries as diverse as India, Australia, Japan, the United Kingdom, the European Union and its Member States, Russia, and Turkey. A looming global energy crisis is setting new challenges to policymakers and actors around the world. The rules of the game are changing as non-state players have become strategic partners or at times adversaries of states.
Delphi Economic Forum, will be exploring key areas of geopolitical competition, including the less often visited themes of technology competition, infrastructure development, trade, and maritime power.
Global economy – The path forward
The global economy faces a daunting twin challenge: mitigating the consequences of the COVID-19 crisis and establishing the conditions for a speedy and sustained recovery. Initial efforts concentrated in averting the immediate collapse of global demand and supporting vulnerable sectors of the economy. To this end, central banks and governments have put forward unprecedented fiscal packages at the cost of a further increase in public debt, already excessive in some countries. But as the world economy slowly enters the post-pandemic world, efforts will have to focus on “the day after”.
The science has never been clearer: The latest UN IPCC report suggests sea ice is melting at a rate much faster than expected and that irreversible tipping points have already been reached. Extreme weather events, heatwaves, floods and landslides, sea level rise and shoreline changes have already started to be felt around the world and threaten to affect everything from the urban environment to water systems, migratory trends, agriculture, forests, tourism, human health and social conditions. Time is running out for humanity to form and implement a comprehensive response to the climate crisis and alleviate its dire effects on the natural environment and social structures.
But is the world finally waking up to this reality? This section will be attempting to answer this vexing question by examining the ambitious public policy proposals put forward by both the US and the EU and taking stock of the aftermath of the COP26 UN Climate Conference in Glasgow, described as humanity’s last chance to come together and avert the climate catastrophe. We will explore whether renewable energy resources can truly act as an antidote to climate change and delve deeper into the true economic and social impact of the transition to a low-emissions economy, highlighted by the current energy price crisis, and the economic implications of such a transition specifically in Greece.
EU: The future of the Union
Europe is reaching a decade-long period of successive, multifaceted crises which shook the poltical, economic and even moral foundations of the bloc, bringing about unprecedented changes in Europe’s institutional architecture and political scenery. Despite these changes, the EU always seems to be one step back in developing a comprehensive response to each crisis, disappointing friends and delighting foes of its unique governance paradigm.
In the greater geopolitical field, Europe is struggling to find its place amongst the hegemonies of US and China and balance the strenuous relationship with Russia and Turkey, whilst reforming European foreign, security, and migration policy. Is the dream of a common foreign and defence policy still alive?
And finally, is this crisis going to favor populism and lead to the rise of Euroscepticism or has the experience of the pandemic made Europeans reconsider the virtues of collective action on a European level?
Technological Change and Economic Transformation
Globalization is becoming increasingly digital. Technological innovation will only intensify as artificial intelligence, advanced robotics, and cyber-physical systems take the digital revolution to another level. But although often heralded as a catalyst for invigorating global growth, technological change has not yet delivered its full potential in boosting productivity, advancing education and promoting culture. In this section, we will attempt to take a future look into a world which fully takes advantage of technological developments.
Greece re-emerging: The path to a strong and stable recovery
After Covid-19 we should be ready for a “Pandemic of uncertainty”. This is no ordinary economic downturn; Fundamental changes in consumer behavior, supply chains and routes to market are knocking companies off balance. Forecasting and analyzing trends is harder than ever. Traditional benchmarks and insights used to manage the business turn suddenly obsolete. While uncertainty rules the day, it is imperative to discuss the ways out and how Greece will redefine its economic and business strategy.
So far, fiscally robust countries seem to be handling the present crisis better, and will most likely recover more quickly compared to “weaker” countries. This seems to very much be the case particularly for countries having a high dependence on tourism, and also for those lagging behind in their “twin” green and digital transformations: switching to new technologies and renewable energy resources.
People & Society
We live in a world of acute societal change. Demographic and income imbalances between the developed and the developing world persist and widen. New social norms emerge as younger generations come to the fore to claim social power and project their own concerns to society at large. Technological advancements alter the nature of work, social relations and traditional power structures. These trends oblige leaders in both government and business to embark on a fundamental rethink of the way they do things if they want to maintain their relevance.
Among the local content partners of this year’s Forum:
- Economia Group: Since 1934, Economia Group publishes financial magazines, books and photobooks in Greek and English. Their vision is the Greek prosperity through a strong economy with unwavering European orientation and a gaze fixed to the future.
- DIKTIO: Network for Reform in Greece and Europe is a leading independent, non-partisan and non-profit think tank that aims to undertake cutting-edge policy research and practical policy advice
- Hellenic Foundation for European and Foreign Policy’s (ELIAMEP): Its mission is to conduct policy-oriented research and provide policy makers, academics and the public at large with authoritative information and substantiated policy recommendations.
- The Institute of International Relations is affiliated with the Department of International and European Studies at Panteion University of Social and Political Sciences and constitutes Greece’s leading research institute in international affairs.
- The Hellenic Association of Pharmaceutical Companies (SFEE) represents one of the most innovative, productive, and extrovert sectors of the national economy.