In this particularly difficult period, period of constant doubts, I feel that there is still a way out. This path was clearly outlined in the book Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet written by Klaus Schwab. It became a center of the Davos Agenda in January 2021. In my opinion, this book presents a source of ideas which in case of their implementation can bring opportunities to achieve sustainable economic growth, global climate action and multilateral cooperation.

New constructive and manageable tools, that is all we need. New reality demands multifunctionality, we have to forget the old standards. Traditional institutions have to revise their views otherwise no new perspectives can be opened. We have to adopt a new development model, join our forces and build interconnected system. The extensive spread of Internet technology also draws attention to global equity, making it a global aim, perhaps for the first time in history. It’s important to understand that the absolute well-being of people is less important than their relative well-being.

Only through mutual understanding we will be able to achieve a sustainability. The example of such mutual understanding of stakeholders was evident during the latest Davos Agenda where all the governments achieved an agreement that a sustainable economy model requires environment support and protection in the face of social, economic and climate crises. Finding common ground between Xi Jinping, Emmanuel Macron and Vladimir Putin may seem impossible, however, each of them emphasized the importance of placing humans at the heart of global cooperation efforts. Our planet is to become a center of our attention. Every stakeholder needs to make its contribution and take care of our common house. I believe that by applying the stakeholder approach consisting in mutual understanding and interconnections we will be able to respond to global challenges and overcome all the obstacles.