The financial crisis attack has been reasonably absorbed. We now face the much more serious economic crisis attack. The first is like a hurricane. The second is like an epidemic-Abu-Ghazaleh
GENEVA --- May 25, 2009--- Mr. Talal Abu-Ghazaleh, chairman and CEO of Talal Abu-Ghazaleh Organization (TAG-Org) tackled several global issues at the 12th session of the United Nations Commission on Science and Technology for Development (UNCSTD) currently held in Geneva, May 25-29, 2009.
Mr. Abu-Ghazaleh spoke at the inauguration session along with HE Ambassador Juan Eduardo Eguiguren, chair of the CSTD, who delivered the opening remarks, Dr. Supachai Panitchpakdi, secretary-general of the United Nations Conference on Trade and Development (UNCTAD), Dr. Hamadoun Touré, secretary-general of ITU, Dr. Margarita Cedeño de Fernández, First Lady of the Dominican Republic, Mr. Jörg Frieden, assistant director-general of the Swiss Agency for Development and Cooperation (SDC).
In his remarks, Mr. Abu-Ghazaleh tackled questions related to Millennium Development Goals (MDGs), financial crisis, innovations in IT and telecom, United Nations Educational, Scientific and Cultural Organization (UNESCO) vision 2025, in addition to Intellectual Property (IP), innovation and R & D as the major weapons of economic power and competitiveness.
“We don’t live in one world, the divide in more than one way is our major challenge,” Mr. Abu-Ghazaleh said.
He warned that the gap between the developed and the developing countries is growing rather than narrowing adding that “we need to develop different paradigms for the developed and developing countries and we should be courageous about it,” Mr. Abu-Ghazaleh stated.
According to Mr. Abu-Ghazaleh, Information Technology is moving faster than Telecom technology development.