2024 Concordia Annual Summit Report

CULTURAL DIPLOMACY AND YOUTH ADVOCACY

Stable, prosperous, and resilient communities are built through engaged and connected citizens who have confidence in their power to actively participate in shaping their social, economic, and political future. In this digital era, access to education is key to ensuring young citizens, especially disempowered young women, are included and engaged in civic society, local and national economies, and global development strategies. Furthermore, cultural diplomacy is essential to bringing people together as well as sustaining and improving relations across different cultures. How can governments, NGOs, and businesses engage with a diverse set of youth leaders to develop solutions and promote sustainable impact?

DEMOCRACY, SECURITY, & POLITICAL RISK

Throughout the world, but especially in the U.S., the fragility of democracy has been a highly discussed topic in recent months. From one of the most competitive elections in America’s history to the growing refugee crisis around the world, rebuilding trust in democratic institutions and maintaining national security are top of mind for governments and citizens alike. A focus on redefining foreign policy and collaboration between countries, as well as a sense of domestic peace and security, will be high on governmental agendas throughout the world. How can political parties in divided countries come together to combat the rampant mis- and disinformation running across all levels of societal discourse? How can initiatives designed to situate women as key actors in preventing conflict, promoting peace, and countering violent extremism effect a change? What role does technology like artificial intelligence play in navigating geopolitical risk and policy making? And, how can sectors and multilateral organizations work together to strengthen democracy and national security in a time that seems so fraught with threat and conflict?

ENVIRONMENTAL SUSTAINABILITY & NATURAL RESOURCES

Across the globe, investors and companies are increasingly recognizing the real physical and regulatory risks—and potential opportunities—associated with a warming climate. While the pandemic underscored the urgency of addressing global health concerns, including those linked to climate change, there is a growing focus on transitioning towards a low emissions future. This shift in focus highlights the intricate relationship between environmental sustainability and human well-being. While it’s widely acknowledged that organizations embracing sustainable practices are positioned for long-term profitability, the challenge lies in widespread adoption. Addressing environmental impacts already in motion requires concerted efforts, alongside ensuring that environmental inequalities based on race, gender, and socioeconomic status are effectively addressed. What are the common misconceptions surrounding this transition? What challenges need to be overcome to garner broader support for a low emissions future?

FINANCIAL INCLUSION

In addition to a profound global health crisis, the COVID-19 pandemic brought about an economic crisis of great magnitude from which it will take time to recover. This economic and social crisis exacerbated existing needs within society, such as those for greater financial inclusion among women and minorities and for strengthening small and medium-sized enterprises, which represent close to 90% of businesses and more than 50% of employment globally. It also led to a declining trust in public institutions, due to a rise in unemployment and increase in government debt. How can we best navigate this global recession to avoid the continuing fall in GDP of different countries? How will emerging economies be impacted in the long term? And, how can opportunity zones create more socially-minded investors and generate wealth for diverse communities? 

GLOBAL TRADE, MANUFACTURING & SUPPLY CHAINS

Trust in modern institutions and economies has shifted global dynamics, not only in terms of how we connect with others, but also in how we exchange and produce goods. Ongoing trade wars between nations and regions, interruptions in supply chains, confidence at the regulatory level, and the economic stability of the manufacturing sector are constantly evolving with the political and social landscape. How will the global desire for connectivity and innovation in trade prompt the dynamic movement of supply chains? How can we tackle human rights issues across global supply chains? And, what new trends are on the horizon?

HEALTH OPPORTUNITIES & CHALLENGES

The pandemic has exposed weaknesses in public institutions and health systems around the world and deep health disparities along divides of race, ethnicity, socioeconomic status, and gender. Both the palpable strain on physical health systems and structures and the more subtle effects on social relations and mental health must be considered in measuring the health impact of this time. Research on past epidemics reveals a wide range of psychosocial consequences at the individual and population level but also emphasizes the importance of psychological resilience in recovery. As we think about how to foster an equitable pandemic recovery, how do we design our public health systems, incentivize preparedness and prevention, and create partnerships in the service of a healthier, more resilient society? And, how do we protect the integrity of our institutions against actors with the ability to weaponize fear and anxiety, for a prepared future we can be confident in?

HUMAN RIGHTS & SOCIAL PROGRESS

Integral to truly sustainable global development and positive social impact is a need for fundamental human rights to be universally protected. Today, we’re increasingly witnessing a tension between the rapid economic and technological growth of the 21st century and the rising levels of socioeconomic inequality and public distrust around the world. Without freedom of expression, movement, public discourse, and the fair and free rule of law, global prosperity is untenable. How can cross-sector collaboration help resolve social tensions and advance racial and gender equality and equity around the world?

INNOVATIVE TECHNOLOGY

Dependency on technology has surged amid the outbreak of the COVID-19 pandemic. A sudden change in how we connect with others highlighted the need for a tech-savvy economy and a digital transformation that meets social needs, whilst fostering a new platform of dialogue that went consistently unchecked and could sow the seeds of public distrust. It also called attention to a socioeconomic divide, which could threaten the ability to grow wealth in a digitized economy, in addition to a deepening gender divide, particularly in developing countries. What doubts remain about the role of technology in society, especially in terms of data privacy, closing social gaps with connectivity, and the need for a solid digital infrastructure in workforce development?

Plenary Remarks