Sunday, January 22, 2012

Global leaders Meet in Davos for World Economic Forum gathering

This week, the World Economic Forum’s annual gathering in Davos, Switzerland (population 11,000) brings together a high profile mix of government leaders, business executives, philanthropists, religious leaders, celebrities and journalists.  German Chancellor Angela Merkel provides the opening presentation on Wednesday and this year’s theme is “The great transformation: shaping new models”.  A working group which includes International Monetary Fund  Managing Director Christine Lagarde, World Bank President Robert Zoellick and World Trade Organization Director General Pascal Lamy is setting the tone with a statement that:   “Entering 2012, we worry about decelerating global growth and rising uncertainty, high unemployment” and shared concerned that potential fiscal austerity initiatives could result in adverse economic results.

MY TAKE
With many of these players already meeting almost weekly to address the broad set of global financial issues, as well as confronting unpredictable, but fast moving socio-economic events; let’s hope this gathering of leaders can move beyond the cynically held view that this: 1) is a great opportunity for group photos of world leaders, 2)  provides a solid infusion of capital into Davos’ tourism industry and 3) is an insular gathering of the economic “1%”.

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