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World Economic Forum on Latin America
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cancun-WEF 150

I'd like to share some of the outcomes from my participation at the World Economic Forum (WEF) on Latin America in Cancun, Mexico. I was invited to attend as part of the Young Global Leaders (YGLs) which is a group honoured and designated World Economic Forum who are identified as part of the top young leaders (under 40) from around the world for their professional accomplishments, commitment to society and potential to contribute to shaping the future of the world.

cancun-WEF 101

Our program started off with a field visit to the offices of Compartamos - the largest microfinance institution in Latin America serving 835,000 low-income micro entrepreneurs. I was fascinated to learn that 98% of their client base are women who were previously un-banked. During our visit we attended a presentation and then went into the community and learned about the economic and social benefits of the services from a group of women who have each received loans. Each week they meet and make payments. DAN_0021

After our field visit we had a session with Young Global Leaders to talk about leadership trends. I joined the break-out group that focused on generational leadership differences. Some of the themes identified among generation Y include: questioning ‘why’ a lot, action and authorship, education focus, seek inspiration, concept of leadership has shifted from authority figure to facilitator, power is less concentrated in organizations, authority is earned based on respect and trust.

I then joined called 'Is Latin America ready to be a winner in the Digital Ecosystem?' as a discussion leader and group facilitator. During our group discussion, we prepared the following inputs:

Recommendations for Government:
1) Make universal access (broadband connectivity and devices/hardware) a priority on the agenda
2) Increase education and skills training to help people see the value of applications
3) Invest in entrepreneurs as content and platform creators (currently websites used in LAC did not originate from LAC)

Recommendations for Business:
1) Lobby government to prioritize the above recommendations
2) Utilize the web as a key investment strategy of the business
3) Invest in specialized training in educational institutions

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Another critically important session for me was joining as the founding member of the Latin America Gender Parity Group in our session on Applying Womenomics. In our break-out group we highlighted the importance of investing in leadership skills training for women, transformation of educational systems to participatory learning environments in order to overcome cultural barriers and developing an awareness campaign to promote the understanding and value of investing in gender parity.

In our session entitled 'Addressing Economic Insecurity in Latin America' the following recommendations were highlighted in my break-out group on addressing inequitable income distribution:

1) The importance of investing in a multi-year approach in order to ensure continual monitoring of impact and retaining of institutional memory
2) Adoption of business practices related to managerial structures and processes (i.e. succession planning, development plans)
3) Working to ensure greater collaboration across sectors (government, business, civil society)
4) Educational systems require improvements and sometimes financial resources are not enough
5) It is important for businesses to have a social responsibility budget in addition to principles
6) The need to incent entrepreneurs to help society and encourage collaboration

Policy Roundtable: Mexico's Successes and Challenges with Felipe Calderón, President of Mexico

cancun-WEF 135A major highlight in attending this forum was having the opportunity to ask a question to President Calderón. I asked about how to address issues of cynicism that exists in the political system and increase interest among young people in politics. I was impressed with the passion he demonstrated in response and the statement that politics is too important to leave to the politicians.
At the end of the session I had the pleasure of meeting the First Lady of Mexico, Mrs. Marganta Zavala! cancun-WEF 137





I enjoyed attending the session on New Leadership in the Americas.
During our break-out discussion we talked about leadership trends in the workplace and the theme of genY and the impact on workplace culture was common among all those in the discussion. There was talk of changing lifestyle expectations, higher levels of education, values-driven culture vs. deception, inspiration vs. command and control, contribution to workplace not being limited to years of experience.

I was selected by the group to report back and comment on actions that leaders should prioritize. I suggested that leaders of organizations should:

1) Pay greater attention to Gen Y and various generational differences
2) Foster inclusive and participatory approaches to strategic planning and decision-making
3) Address generational gaps
4) Reward social benefit approaches to solving business problems



April 20, 2008 | 1:09 AM Comments  0 comments

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