18 Klaus Schwab Quotes for You to Enjoy

Klaus Schwab

German Economist

Born: Mar 30, 1938

Change People Revolution Technology Will World

Related authors: Adam Smith Alan Greenspan E. F. Schumacher John Kenneth Galbraith John Maynard Keynes Milton Friedman Paul A. Volcker Thomas Sowell

Change can be frightening, and the temptation is often to resist it. But change almost always provides opportunities - to learn new things, to rethink tired processes, and to improve the way we work. Klaus Schwab

Work Tired Change Opportunities New Things Way Temptation Rethink Almost New Learn Always Provides Frightening Improve Often Processes Things Resist

Corporate social responsibility is measured in terms of businesses improving conditions for their employees, shareholders, communities, and environment. But moral responsibility goes further, reflecting the need for corporations to address fundamental ethical issues such as inclusion, dignity, and equality. Klaus Schwab

Dignity Equality Responsibility Moral Responsibility Employees Corporate Address Corporations Further Moral Shareholders Environment Terms Issues Conditions Reflecting Improving Goes Social Ethical Communities Measured Businesses Social Responsibility Inclusion Fundamental Need

New technologies and approaches are merging the physical, digital, and biological worlds in ways that will fundamentally transform humankind. The extent to which that transformation is positive will depend on how we navigate the risks and opportunities that arise along the way. Klaus Schwab

Positive Risks Opportunities Digital Will Depend Transformation Worlds Approaches Way Ways Physical Arise Merging New Along How New Technologies Transform Which Navigate Biological Fundamentally Humankind Technologies Extent

Profitability, growth, and safeguards against existential risks are crucial to strengthening a company's long-term prospects. But if these three factors constitute a company's 'hard power,' firms also need 'soft power': public trust and acceptance, won by fulfilling a company's social responsibility. Klaus Schwab

Risks Trust Acceptance Responsibility Three Power Constitute Factors Crucial Long-Term Prospects Also Safeguards Existential Won Against Public Social Fulfilling Hard Social Responsibility Company Public Trust Growth Profitability Strengthening Need Soft

The trends that are shaping the twenty-first-century world embody both promise and peril. Globalization, for example, has lifted hundreds of millions of people out of poverty while contributing to social fragmentation and a massive increase in inequality, not to mention serious environmental damage. Klaus Schwab

Environmental People World Example Poverty Increase Fragmentation Trends Hundreds Out Promise Embody Both Mention Lifted Shaping For Example Peril Massive Globalization Inequality Contributing While Social Serious Millions Damage Millions Of People

An overwhelming number of economists, international civil servants, and policy-makers argue that a fragmentation of the Eurozone would cause a new depression and massive wealth destruction around the world. It would also end the period of economic integration that has characterized world politics since the end of the Cold War. Klaus Schwab

Politics Depression War World Destruction Wealth Cause Overwhelming Cold Fragmentation Cold War Characterized Would Civil Civil Servants Economic Argue Since New Economists Massive Period Also Around Integration End International Eurozone Servants World Politics Number

The concept of corporate social responsibility (CSR) has long been used as an effective lens through which to examine the actions business can take toward ensuring mutual long-term well-being and sustainability. Klaus Schwab

Business Responsibility Long Corporate Ensuring Mutual Examine Through Take Toward Long-Term Concept Well-Being Been Effective Sustainability Which Social Lens Used Social Responsibility Actions

We are now living in a completely digitalized world and a completely globalized world, so we have to find some new mechanisms and values to deal with this post-digitalized and post-globalized world. Klaus Schwab

World Values Living Find Some New Deal Mechanisms Now

For all the opportunities that arise from the Fourth Industrial Revolution - and there are many - it does not come without risks. Perhaps one of the greatest is that the changes will exacerbate inequalities. And as we all know, a more unequal world is a less stable one. Klaus Schwab

Risks World Opportunities Will Revolution Changes Exacerbate More Arise Come Perhaps Know Industrial Industrial Revolution Without Inequalities Greatest Does Unequal Stable Less Many Fourth

I am an enthusiastic European, and my first-hand experience of war and hatred has strengthened that conviction. I have seen how misguided unilateral nationalistic identities have brought destruction and death. I am, however, a world citizen, too. Klaus Schwab

Death War Experience World Destruction Citizen Hatred Seen Conviction Too Enthusiastic Brought Misguided Identities First-Hand How Am However Nationalistic Unilateral European Strengthened

As the novelty of wearable tech gives way to necessity - and, later, as wearable tech becomes embedded tech - will we be deprived of the chance to pause, reflect, and engage in meaningful, substantive conversations? How will our inner lives and ties to those around us change? Klaus Schwab

Change Will Reflect Our Later Way Those Embedded Gives Ties Around Becomes How Substantive Conversations Deprived Pause Meaningful Us Engage Novelty Tech Lives Inner Necessity Chance

As the physical, digital, and biological worlds continue to converge, new technologies and platforms will increasingly enable citizens to engage with governments, voice their opinions, coordinate their efforts, and even circumvent the supervision of public authorities. Klaus Schwab

Digital Will Increasingly Worlds Citizens Physical Voice Supervision New Enable Opinions Continue Governments Authorities Efforts New Technologies Converge Public Engage Even Platforms Coordinate Biological Technologies

Receiving an economic boost from the digital era is not a luxury - it is essential to ensuring that Europe continues to grow and deliver levels of prosperity that meet the rising expectations of its citizens. Klaus Schwab

Prosperity Luxury Digital Meet Ensuring Boost Citizens Rising Economic Deliver Era Expectations Essential Europe Grow Levels Receiving

I do not deny my German identity. But I also feel Swiss. Of my eight great-grandparents, seven were born Swiss. I have been living in Switzerland for more than 50 years. Klaus Schwab

Living Seven Born More Feel Also Identity Were Been Years German Deny Than Eight Swiss Switzerland

Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense. Klaus Schwab

Future Sometimes Country Sense Deficit Like Terms Looks Make Real Foreseeable Foreseeable Future Account Currency Current Going

For many years prior to the 1990s, European integration was embraced and supported by a large majority of citizens. A united Europe, bound by commonly-held democratic values, was perceived as an essential and effective buffer against the Soviet empire. A united Europe made a repeat of the First and Second World Wars almost unthinkable. Klaus Schwab

World Values Made First Citizens Embraced Perceived Almost Supported Bound Empire Unthinkable Democratic Buffer Majority Prior Repeat Years Integration Effective Soviet Essential Against Europe Wars European Large Many United Second World Wars

When you can't cope with change, you feel overwhelmed, and you look for a simple solution. Klaus Schwab

You Change Simple Solution Feel Look Overwhelmed Cope

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