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As a strategic partner of the WEF, PwC provides State of the Debate briefing papers on the themes and agenda set by the World Economic Forum for the Annual Meeting at Davos. Offered to participants that include relevant decision-makers from government, business and civil society, these papers are designed to help jumpstart a discussion to address global, regional and industry priorities shared by all stakeholders. The global crisis of 2008 was not confined to economics and politics. In wiping out trillions of US dollars in market value and crippling governments' ability to help their citizens, the turmoil has also shattered confidence in the fundamental principles of free-market democracy. Expectations for decisive action remain high. The result in some countries, notably the US, has been a change-perhaps permanent-in attitude towards the role of government in business, as calls for increased regulation rise and governments continue to take equity stakes in financial services firms. Related facts from the 12th Annual Global CEO SurveyThere is now an opportunity for businesses and government to start moving from collective stasis to effective global collaboration. Governments and businesses will not only need to collaborate, but to create innovative solutions jointly. |
Contacts Sophie Lambin Mike Davies |
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