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Advancing global cooperation, peace and security should be high on the to-do lists for world leaders, according to the World Economic Forum’s Global Action Group.

The call for greater unity within international relations was announced at the Davos 2021 virtual event, where business leaders, heads of state and members of civil society engage in discussions for five-days to address crucial global challenges.

Event organisers issued a range of findings and outcomes addressing global economics, the environment, the future of work, technology, and also announced The Seven Principles for Strengthening Global Cooperation, which defines the direction for global interaction in 2021.

High on the list of principles for strengthening global cooperation is the proposition that business and world leaders must advance peace and security.

The current pandemic is not only threatening health and livelihoods, but peace and security, especially in fragile conflict zones that are hard hit by public health and economic challenges.

To advance peace as the world resets after COVID-19, the group is calling for world leaders to include Sustainable Development Goal 16 in the long-term recovery plans to ensure long-term security with humanitarian objectives.

Sustainable Development Goal 16 promotes peaceful and inclusive societies for sustainable development by providing access to justice for all and building effective, accountable and inclusive institutions at all levels.

According to the World Economic Forum’s Global Action Group, the concept of working together to address a shared global future has been challenged in recent years as mistrust of globalisation grows and polarisation increases.

“The COVID-19 pandemic infected a divided world — one with pre-existing geopolitical fault lines and with growing distrust of globalisation. Mechanisms for multilateral action were under strain at the very moment the unfolding pandemic and economic contraction demanded strengthened partnership.” the group says.

The yearly Davos Agenda event was held virtually for the first time in 2021. The event attracted powerful world leaders, including 24 heads of state and government, and over 1,700 participants from business and civil society come together to address crucial global challenges across 140 sessions spanning five themes.

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Vision of Humanity is brought to you by the Institute for Economics and Peace (IEP), by staff in our global offices in Sydney, New York, The Hague, Harare and Mexico. Alongside maps and global indices, we present fresh perspectives on current affairs reflecting our editorial philosophy.