Global Business Summit 2025: Cooperation Amidst Challenges

In a world fraught with geopolitical tension and economic uncertainty, the need for global cooperation is more pressing than ever. The ET NOW Global Business Summit 2025, held in New Delhi, gathered minds from various countries to discuss these pressing issues.

The Multipolar World

During the summit, Myanmar’s Minister of Union Investment and Foreign Economic Relations, Kan Zaw, commented on the shifting power dynamics. He stated, "A unipolar world order belongs to the past. Now, we witness a multipolar landscape with China, India, and BRICS nations also rising." Indeed, this reflects an era where the dichotomous power divide between the US and China is gradually dissolving.

Myanmar’s Neutral Stance

Kan Zaw shared Myanmar’s approach to this new world order. "Myanmar stands neutral, cultivating relationships with all friendly international partners," he asserted. This perspective is not only practical but also strategic, ensuring Myanmar’s economic and diplomatic stability.

Economic Integration and Challenges

Meanwhile, Albania is proactively aiming for EU membership by 2029. Deputy Minister of Economy, Culture, and Innovation, Olta Manjani, highlighted the dual nature of current times. "It is the best and worst of times," she said. Indeed, while globalisation offers opportunities, it also presents challenges like climate change and protectionist policies.

Albania and the EU

Aligning with Western economic policies, Albania sees the EU as an avenue for growth and stability. However, challenges persist, such as nationalism and populism, which question the validity of global institutions. Leaders like Donald Trump amplify these scepticisms.

Global Cooperation: A Necessity

In light of these complexities, Sri Lanka’s Minister for Industries, Sunil Handunneththi, stressed the importance of unity. "A peaceful world is crucial for business," he remarked. Sunil’s sentiment echoes the summit’s broader theme: global cooperation is essential for economic stability and security.

Addressing Future Generations

Sunil further emphasized the responsibility leaders have toward future generations. With the world demanding a peaceful environment, collaboration is not merely beneficial but necessary. The panel agreed that addressing such issues requires collective effort and visionary leadership.

Conclusion

The discussions at the ET NOW Global Business Summit 2025 underscore the complexities of today’s world. Yet, as nations like Myanmar and Albania navigate this landscape, one message remains clear: cooperation is our beacon amidst uncertainty. By fostering dialogue and mutual understanding, we pave the way for a more stable and prosperous world.