'Need new narrative to restore hope of people'

With the world facing multiple challenges, a new narrative is the need of the hour to restore hope for the people who have been economically dislocated, feel leaders participating at the WEF annual meet here.
The outcomes of the US Presidential elections, Brexit referendum and other global changes are challenging old narratives, resulting in uncertainty in different parts of the world, according to them.
IMF Managing Director Christine Lagarde said advances in technology have been credited with bringing hundreds of millions of people out of poverty, modernising medicine and agriculture as well as connecting a lot of people. But there are negative impacts on some segments which she termed digital have-nots.

"Often there is a negative tech narrative," Lagarde said and cited job losses and the displacement of people.
While calling for identifying positive narratives, she said when there is good ownership and partnerships, these "fuel being together".
"We need to create a new narrative and restore hope for people who have been economically dislocated, especially from technology," Hewlett Packard Enterprise President and CEO Meg Whitman said.

According to the industry leaders, there is a need to bring purpose and values back to the core of how they do business.
McKinsey & Company's Global Managing Partner Dominic Barton said the Fourth Industrial Revolution is putting lower- and medium-skilled jobs at risk.

Noting that more than 60 per cent of jobs and 30 per cent of activities can be automated today, Barton said, "We can't rely on government to reskill people in the face of rapid technological change and automation; business will have to drive this".
This year's WEF annual meeting is under the theme 'Responsive and Responsible Leadership'.