BOAO /China/, March 28. /TASS/. Today's world is in the process of unprecedentedly rapid transformation, there is no turning back for humanity, so it is necessary to think about how to ensure the continuation of the development achieved in the previous period, Russian Deputy Prime Minister Alexey Overchuk at the Boao Forum for Asia (BAF).
"We are living in a time of transformation, which is driven by different factors. They might be linked to one another, they might not be linked to one another, but together they create enough synergies that transform our world in a way and speed that I have never seen before," he said at the session.
"Whether we're talking about the globalizing and fragmentation of global markets, forced industrial revolution and digital transformation and AI, or climate change with consequential diminishing water supply, water resources, food security, and energy transition issues, there is no way for the human society to go back as it was before," he said at the session "Creating a Favorable Environment for Peaceful Development & Safeguarding Common Economic Security."
Overchuk noted that all these changes raise the question of how to maintain the pace of development achieved in the previous period and ensure development in an increasingly fragmented world.
"To answer these vital questions, we will have to look at how to create a new basis for effective international partnerships that will stop further fragmentation and unleash the efficiencies for creation of new reliable material basis for sustainable economic growth and prosperity in the region of Eurasia. This would include creation of seamless transport logistic systems and independent payment infrastructure and a wide network of interconnected international supply chains that cover the whole Eurasian continent," he concluded.