Erosion of Trust in Institutions: The Most Important Theme of 2023

The Themes of 2023: Erosion of Trust in Institutions

Daniel Diermeier from Vanderbilt University made significant statements at the World Economic Forum in Davos. Diermeier emphasized that one of the major themes of this year is the erosion of trust in institutions, stating that this situation is evident in many sectors, including business, governments, and universities.

The Role of Leaders

Diermeier pointed out that the restoration of trust in institutions depends on leaders refocusing on the core values of these organizations. "Rebuilding trust in institutions will only be possible through the adoption of these values," he stated, highlighting the responsibilities of leaders.

The Importance of Macro Trends

Diermeier underscored the necessity for universities to consider the large macro trends shaping the world. He expressed that one of these trends, polarization and politicization, is a requirement for leadership in society. He also emphasized the importance of technology and innovation, stating that students need to be equipped with the necessary tools to succeed in the new economy.