The Bloomberg Global Business Forum 2024

Sat, Mar 15 2025

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The Bloomberg Global Business Forum 2024 demonstrated the power of collective action in addressing global challenges and shaping America’s economic future. By prioritizing sustainability, technological innovation, and resilient economic policies, the forum laid a strong foundation for long-term growth and prosperity.

Andrew Bennett

January 14, 2025

3Min Reads

Bussines

New York City, September 24, 2024—The Bloomberg Global Business Forum returned this year, convening an impressive lineup of world leaders, policymakers, and business executives to address pressing economic and societal challenges. Held at the heart of Manhattan, the forum served as a platform for collaboration and innovation, emphasizing the importance of partnerships between the public and private sectors to shape America’s future economic growth.

Key Themes and Discussions

Climate Change and Sustainability The urgency of climate action was a central theme. Panel discussions delved into strategies for achieving net-zero carbon emissions, with leaders emphasizing the need for scalable solutions in renewable energy, sustainable agriculture, and carbon capture technologies. Major announcements included new funding commitments for green infrastructure and a call for global alignment on carbon pricing mechanisms. These initiatives are poised to bolster America's leadership in the global green economy, creating jobs and driving innovation.
Economic Resilience in a Post-Pandemic World With the global economy still grappling with the aftershocks of the COVID-19 pandemic, discussions highlighted strategies for fostering economic resilience in America. Topics included the importance of diversifying supply chains, strengthening digital infrastructure, and addressing workforce challenges through upskilling and innovation. By prioritizing these areas, the forum underscored a roadmap for sustainable economic growth that ensures the U.S. remains competitive on the global stage.
Digital Transformation and Technology The transformative power of technology was another major focus. Leaders explored the implications of artificial intelligence, blockchain, and quantum computing on industries ranging from finance to healthcare. For America, the forum highlighted the critical role of investing in tech infrastructure and fostering innovation ecosystems to secure a competitive edge. The emphasis on ethical frameworks and regulations also ensures that technological advancements align with societal values.

Keynote Speakers and Highlights

Michael Bloomberg, the founder of Bloomberg LP and Bloomberg Philanthropies, opened the event with a call to action, urging attendees to take bold steps to address global challenges. Other notable speakers included:

Kristalina Georgieva, Managing Director of the International Monetary Fund, who spoke about the importance of equitable economic policies in fostering global and national stability.
Sundar Pichai, CEO of Alphabet Inc., who outlined how AI and digital technologies can drive inclusive growth and position America as a leader in the Fourth Industrial Revolution.
Ngozi Okonjo-Iweala, Director-General of the World Trade Organization, who emphasized the role of trade in supporting sustainable development and its potential to revitalize American manufacturing and exports.

Public-Private Partnerships

A recurring theme throughout the forum was the necessity of collaboration between governments and businesses. Case studies showcased successful partnerships, such as joint investments in green energy projects and initiatives to expand access to digital education in underserved regions. These partnerships are expected to accelerate America’s economic transformation, ensuring inclusive growth and job creation.

Outcomes and Commitments

The forum concluded with a series of commitments from participants:

A $10 billion global fund for climate resilience projects, supported by a coalition of public and private stakeholders, with significant investments earmarked for American infrastructure.
Agreements to pilot digital trade platforms aimed at reducing barriers for small and medium-sized enterprises in the U.S.
A new task force dedicated to aligning international AI standards and ethics, ensuring that America remains at the forefront of technological leadership.

Looking Ahead

As Michael Bloomberg noted in his closing remarks, “When leaders from all sectors come together with a shared purpose, we can achieve remarkable things. The time to act is now.”

The forum’s outcomes are expected to influence America’s economic policies, ensuring the nation remains a global leader in innovation, sustainability, and equitable growth in the years to come.