returns to its snowy winter residency in the Swiss Alps this week with a record attendance of business and government leaders.The WEF’s roots stretch back to 1971 when its founder Klaus Schwab invited executives from European companies to the then tiny ski resort of Davos, high in the Swiss Alps.
Much of the action, however, occurs outside. Bilateral meetings between heads of state and corporate chieftains take up much of their schedules. With climate change top of the agenda, chiefs of major energy companies are back after a COVID-related hiatus.are among 51 heads of state present. Another 56 finance ministers, 19 central bank governors, 30 trade ministers, and 35 foreign ministers are also due to make the journey up into the mountains.
World Health Organization chief Tedros Adhanom Ghebreyesus and central bankers such as India’s Raghuram Rajan are also on the list.What is on the agenda?tectonic shift in global markets and political relationshipsThe annual event was once regarded as a cheerleader for globalization. Now, the global elite will meet against a backdrop of protectionism, a war that has strained political alliances, and deepening ideological divides.
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