President Park Geun-hye has emphasized that entrepreneurship is “the driving force of sustainable, inclusive growth.” The president urged world leaders to foster entrepreneurship and proposed what she called the “Davos Consensus” at the 44th World Economic Forum Annual Meeting on January 22 in Davos, Switzerland.
In her keynote speech during a panel session at the forum, the president said, “Since the global economic crisis began, the Washington Consensus has not been as sacred as it once was. The world cries out for something more, something that better meets the needs of our time, but a new consensus has yet to emerge.” She asked the gathered participants to “come up with practical guidelines to move us toward an economic, social, political and cultural climate that fosters entrepreneurship.”