The other side of Davos: Reframing, rather than solving issues

This may not exactly be the best time to be attending the World Economic Forum being held in Davos, Switzerland this week of Jan. 16-20. The Philippines is embroiled in serious domestic problems too many to cite.

Giesler disclosed the key findings of his study conducted with Ela Veresiu on the sociological impact of WEF. Using institutional analysis, their study provided empirical evidence on the other side of Davos: That this global forum is not “improving the state of the world.” It’s a counterpoint in that the summit’s initiatives are found to even perpetuate those global drags of poverty and inequality, climate change and technology for years.

Their study therefore found that WEF has not solved pressing issues including poverty and debt. It has conveniently transferred the burden of solving these problems from governments and business to individual consumers. This is the global forum that President Marcos, Jr. is now attending. In CNN’s coverage last Monday, Jan. 16, it described the attendance as “record crowds” but qualified that “its relevance is fading.”

Most important, a quick glance at the daily program from Jan. 16 through Jan. 20 shows that numerous events are taking place at the same time. For example, yesterday, between 5-6 p.m., nine events were scheduled. But only two of them were starred by the WEF as “must-watch sessions.” These events featured Ukraine’s Volodymyr Zelensky at 5-5:15 p.m., followed by a panel discussion on restoring security and peace at 5:15-6 p.m.

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