Summer Davos in Asia Annual Meeting of the New Champions 2013

The 2013 Annual Meeting of the New Champions explored the 'innovation imperative' across industry ecosystems, entrepreneurship, and societal resilience. Key discussions highlighted the impact of the shale gas revolution on US competitiveness, the potential for 'circular economy' models to reduce waste, and the need for 'smart development' to respect planetary boundaries. The report emphasizes that long-term prosperity depends on high innovation, investment in education, and the ability of governments and businesses to adapt to the Digital Revolution and shifting global monetary policies.

• The shale gas revolution, driven by horizontal drilling and fracturing, has significantly lowered energy costs in the United States, enhancing its competitiveness in heavy industries like chemicals, steel, and manufacturing. While China may possess vast reserves, its ability to exploit them is limited by a lack of fresh water and government monopolies on pipeline infrastructure and land ownership.
• The 'circular economy' model, which is restorative by design to ensure nothing is wasted, is being adopted by businesses to replace the traditional 'take, make, dispose' approach. An example is Renault, which uses 'remanufacturing' to rebuild used parts at a fraction of the cost of new ones, making it one of the company's most profitable operations.
• Human development has reached a ceiling due to a 'quadruple squeeze' consisting of overpopulation, climate change, collapsing ecosystems, and tipping points in Earth's systems. Transitioning to a sustainable future requires moving toward a renewable green energy future and creating a safe, sustainable food system.
• China is positioned as a frontier for 'smart development,' aiming for quality growth by leapfrogging developed world models. The 18th National Congress of the Communist Party established an 'ecological red line' to integrate ecological progress into all stages of development, while the government seeks to shift from export-led manufacturing to consumption-driven growth.
• The Digital Revolution is evolving faster than societal and organizational structures can adapt, introducing challenges such as increased hacking, digital theft, and the potential for permanent unemployment as tasks are automated. However, it also enables 'self-care' in healthcare through smartphone sensors and big data, shifting the focus from treatment to prevention.
• Successful innovation ecosystems, such as the one in Switzerland, are characterized by lean government, limited bureaucracy, political stability, and social mobility rather than a specific, prescriptive innovation policy.
• The US Federal Reserve's 'tapering' of its bond-buying programme is expected to create volatility in global markets, particularly affecting emerging economies like Brazil and India, while countries with larger buffers, such as China, may be better equipped to manage the transition.

APA

World Economic Forum (2013). Summer Davos in Asia Annual Meeting of the New Champions 2013. http://www3.weforum.org/docs/AMNC13/WEF_AMNC13_Report.pdf

Chicago

World Economic Forum. Summer Davos in Asia Annual Meeting of the New Champions 2013. 2013. http://www3.weforum.org/docs/AMNC13/WEF_AMNC13_Report.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=Summer Davos in Asia Annual Meeting of the New Champions 2013 |date=2013 |url=http://www3.weforum.org/docs/AMNC13/WEF_AMNC13_Report.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2013summer, author = {{World Economic Forum}}, title = {{Summer Davos in Asia Annual Meeting of the New Champions 2013}}, institution = {World Economic Forum}, year = {2013}, url = {http://www3.weforum.org/docs/AMNC13/WEF_AMNC13_Report.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }