Global leaders must steer the market towards fairer outcomes, ensure stimulus programmes support equality and sustainability, and use the innovations of the fourth industrial revolution to address health care and social challenges.

Amid climate change and rising consumer repugnance for profit-focused enterprise, businesses are moving towards stakeholder capitalism, a concept enshrined in the 1973 Davos Manifesto.

The right response to globalisation is not retreating within national borders but crafting new models that create opportunities for all.