The World Economic Forum (WEF) began the debate this morning discussing the involvement of private sectors influence on economic growth in developing countries.

The delegations within the committee debated about the importance of how countries needs to be in order to be acceptable for investment.  One of the major priorities that all the delegations have agree on was that for the investment to be successful the country’s domestic politics needs to abolish corruption and bureaucracy.

“Every investment has a good side and a bad side,” Santiago Carreño, Amazon CEO Jeff Bezos, said.

Businessmen such as Masayoshi Son, President of Softbank, and Jeff Bezos agreed that the first step towards a successful investment countries firstly need to end criminality, corruption and violence. According to Son, many countries in the world live with big percentages of poverty, which is one of the main causes of criminality.

“Firstly we need to find a solution for humanitarian issues, then political issues, finally economic issues.” Bezos said.

Bill Gates, cofounder of the Microsoft Corporation, stated that the risks of invest were always going to be there, corruption, violence and criminality will always be there. He declared that instead of trying to find solutions about them, they should find ways of manipulating investments and donations to do the job they hoped for.

“We have the capital but we don’t have enough to waste it,” Bezos said.

Jeff Bezos argued that if there is no strong economy or no good environment for investing then they shouldn’t invest. This created more problems in the committee as the world business leaders were now discussing about the ways to turn small economies into strong ones.  

“If there is no progress for us, then no one else will progress,” Bezos said.

Son later stated that this businesses couldn’t be selective of the nations they are supporting because this nations are still giving them profit. This leader, also declared that investments were important so they couldn’t give away the money to countries that weren’t going to give money back in a future.

“Investment is not giving away,” Son said.

Lee Hsien Loong, Prime Minister of Singapore argued back that even though that strong business weer going to give them money, small countries such as African countries were never going to bring the money back. Elon Musk highlighted that business like his need to look for a future for this countries but always have ensured the security of their business.

(The) topic we are addressing is real important if we want develop new economies,” Loong said.

Finishing the first sessions, Donald Trump, USA President, and a delegate of China, were present in the committee. They disagreed about what types of small economies should be supported and the differences between failing countries.

“How can we invest, if the world is in this condition?” Donald Trump said.