Merkel, Abe preach cooperation to Davos crowd

Credit: Reuters Studio
Published on January 23, 2019 - Duration: 02:01s

Merkel, Abe preach cooperation to Davos crowd

German Chancellor Angela Merkel and Japanese Prime Minister Shinzo Abe defended cooperation between governments at the World Economic Forum in Davos, Switzerland amid rising rising criticism that the global approach is leaving too many behind.

Conway G.

Gittens reports.

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Merkel, Abe preach cooperation to Davos crowd

SOUNDBITE (English) PRIME MINISTER OF JAPAN, SHINZO ABE: "Hope, ladies and gentlemen, is the most important factor for growth." But the world seems a bit short on that right now, amid growing criticism globalism is not working for the masses and capitalism is only benefitting the elite.

On Wednesday (January 23) at the World Economic Forum it was up to the political leaders of Japan and Germany to stick up for the worldwide cooperation that's been seen as a major driver of expanding economic growth.

(SOUNDBITE) (English) REUTERS REPORTER, CONWAY G.

GITTENS, SAYING: "I'm Conway Gittens in Davos.

That job, made a bit harder with other leaders from major economies forced to stay home because of domestic problems or just the image of hobnobbing with the global elite ahead of elections." Davos attendees hope a friendlier stance between nations could ease some of the economic angst that's been building.

Citigroup CEO Michael Corbat: (SOUNDBITE) (English) CITIGROUP CEO, MICHAEL CORBAT, SAYING: "I think we're going to hear consensus around what people expect to be a slower 19 than 18 and I think the conversation is all about the trajectory." Japanese Prime Minister Shinzo Abe acknowledged the global economy has taken a hit from the U.S.-China trade dispute and Britain's impending divorce from the European Union.

(SOUNDBITE) (English) PRIME MINISTER OF JAPAN, SHINZO ABE: "I call on all of you ladies and gentlemen, to rebuild trust towards the system of international trade." Merkel pushed that point even further.

(SOUNDBITE) (German) GERMAN CHANCELLOR, ANGELA MERKEL, SAYING: "I think we should understand our national interests in a way that we can understand the national interests of others and create win-win situations as a precondition for multilateralism." And, in a thinly-veiled swipe at President Trump, Merkel warned against countries taking the go-it-alone approach, saying partners need to stand together to tackle the challenges yet to come.

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