MR. [Gerard] BAKER [WSJ]: Turning to the issue of technology and what you’ve called the Fourth Industrial Revolution: Clearly, there are great concerns about jobs going away. Artificial intelligence is advancing very, very quickly. What can the world come together and, through an event like Davos, do to come up with solutions to the human consequences of this technological change?
‘We have to find the right balance between globalization and making sure that we maintain the social contract,’ says World Economic Forum founder Klaus Schwab. PHOTO: FABRICE COFFRINI/AGENCE FRANCE-PRESSE/GETTY IMAGES
PROF. SCHWAB: Davos can make a contribution in that we combine the fourth revolution with the educational system [ED: Davos thus contributes by strengthening the Knowledge Economy]. I personally feel that our present educational system should be much more flexible. We should have modules which allow people, lifelong, to continuously update themselves and maybe even to be certified every year with the progress they have made in terms of taking care of their own up-skilling. Rest