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22:02 GMT
DAVOS, Switzerland, Jan 16 (KUNA) -- Major changes which negatively affect world require cooperation to find a way to build a better vision for future, President and Founder of the World Economic Forum, Klaus Schwab said on Monday.
Speaking at the 47th session of WEF in Davos, Schwab added this year's event, which opened Monday before a public start Tuesday, is reaching out to populist politicians who have ridden a wave of discontent among the masses.
He noted that the forum's slogan of this year is "the leadership is a responsibility and response" so as to focus on critical challenges facing leaderships and enhance global cooperation.
He urged participants to look to the future in a "self-confident way," to repair deficiencies in the capitalist system and to think in the long term.
The forum honored American artist and social activist Forest Whitaker for promoting peace and peaceful coexistence, and launching a number of development initiatives.
The event also granted Colombian pop singer Shakira an award for her role in educating more than six thousand children in her hometown, supporting economically their families through small and medium-sized enterprises.
The forum runs until Friday, with the participation of 3,000 of economic and political decision-makers across the world.
It includes 400 panel discussions on the issues all over the world and how to deal with them credibly and realistically. (end)
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