Has he made the world a better place? AFP/Fabrice COFFRINI His foundation, which hosts many of the world's most powerful, famous and wealthy people at its annual meeting in the Swiss ski resort of Davos, has clearly made an impact. But questions have grown about whether the organisation is meeting its declared goal of "improving the state of the world", with resentment rising against the pro-business Davos agenda, and voters turning instead to populist leaders. One persistent criticism is that WEF meetings, including this week's main annual gathering in Davos, have simply created a safe space for the corporate world to lobby governments without oversight. Schwab was not available for an interview with AFP but the WEF's managing director, Adrian Monck, said in an email that the organisation "subscribes to the highest standards of governance". "FRAGILE AUTHORITY" Schwab, born in Ravensburg, Germany, in 1938, was a little-known business professor at the University of Geneva when in … [Read more...] about Has Davos made the world better?
The World Economic Forum’s 2019 Annual Meeting in Davos themed “Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution”, will bring together 3,000 leaders from all social sectors, top representatives of more than 100 governments, and 1,000 businesses. The event is seen as a good opportunity for "global dialogues" with recommendations from participants, international experts and organizations, including WEF Managing Board members. The meeting will cover more than 400 working sessions of governments, international organizations, businesses, civil society organization, media agencies, leading experts in diverse fields and young generations from all over the world. Viet Nam and the WEF began their cooperation in 1989. The Southeast Asian country has always attached great importance to cooperation with this high-profile forum. Viet Nam is the sole Southeast Asian nation with which the WEF … [Read more...] about PM to attend WEF’s annual meeting in Davos
Prime Minister Nguyen Xuan Phuc (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc will lead a high-level delegation of Vietnam to the annual conference of the World Economic Forum (WEF), to be held in Davos, Switzerland, from January 22-25. Vietnam and the WEF began their cooperation in 1989. The Southeast Asian country has always attached great importance to cooperation with this high-profile forum. Vietnam is the sole Southeast Asian nation with which the WEF has signed and implemented a cooperation deal under the public-private partnership format. As part of this important deal, the WEF provides support and consultancy to Vietnam on improving its capacity to join the Fourth Industrial Revolution. The country organised the World Economic Forum on ASEAN (WEF-ASEAN 2018) in September last year under the theme of “ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution.” WEF Founder and Executive Chairman Prof. Klaus Schwab said that the WEF-ASEAN … [Read more...] about Prime Minister to attend WEF’s annual conference in Davos
LONDON: The risks of catastrophic weather and flooding from climate change are exercising business leaders heading into next week's World Economic Forum meeting in Davos, the organisation said on Wednesday (Jan 16). The Davos gathering is expected to debate climate change. (Photo: AFP/Martin Bernetti) An annual WEF report - based on a survey of about 1,000 respondents drawn from the Davos community of business leaders, politicians, civil society and academics - shows climate change has become the dominant concern for three years running. Data theft and cyberattacks have joined climate change in the top tier of worries, but respondents also highlighted anxiety about worsening international relations and the risk that poses for the world economy. Just under 90 per cent of people in the survey, conducted over September and October, expected international trading rules and agreements to weaken further, as President Donald Trump's "America First" agenda undermines the architecture … [Read more...] about Climate risks, data theft top fears for Davos
French President Emmanuel Macron will not attend this year's world economic forum in Davos, an official at the president's office said on Friday (Jan 11), citing a busy schedule including debates launched in response to the "Yellow Vests" protests. French President Emmanuel Macron. (File photo: AFP/Ludovic Marin) The Elysee office said Macron would also be holding the second edition of his own forum with business leaders in Versailles on Jan 21, dubbed "Choose France". Earlier this week, US President Donald Trump canceled his own visit to the Davos forum in Switzerland, as he wrestles with political opponents over the federal government shutdown. REUTERS/ AFP … [Read more...] about French President Macron will not attend Davos forum this year
French President Emmanuel Macron hosted the conference, which was attended mainly by fellow multilateralists such as Canadian Prime Minister Justin Trudeau AFP/Thomas SAMSON Conceived by French leader Emmanuel Macron, the Forum is intended to be part of the fightback against nationalism, with its format inspired by the annual business meeting in the Davos ski resort in Switzerland. The event opened Sunday (Nov 11), with speeches by Macron, German Chancellor Angela Merkel and UN chief Antonio Guterres who warned in turn about the dangers of Trump-style populism. The idea is that the Paris event, which began symbolically on the centenary of the end of World War I, becomes an annual gathering to discuss democracy and international cooperation. "We have put on leaders' agenda the fact that every year, we will talk about multilateralism and our collective interests here," chief organiser Justin Vaisse told AFP. The remaining days - the Forum ran until Tuesday - featured round-table … [Read more...] about Can Macron’s ‘Davos for democracy’ make a difference?
U.S. President Donald Trump took his "America First" message to the world's elite on Friday, telling a summit of business and political leaders that the United States would "no longer turn a blind eye" to what he described as unfair trade practices. Trump became the first sitting U.S. President to address the annual conclave of the rich and powerful at the Swiss ski resort of Davos for 18 years, closing the summit with a mostly upbeat speech that declared the United States "open for business". "Now is the best time to bring your money, your jobs, your businesses to America," he said, singling out tax cuts and curbs to regulation as boosting the investment climate. "The world is witnessing the resurgence of a strong and prosperous America." He said he would always promote "America First", as he expected other world leaders to do on behalf of their own countries, but added: "America First does not mean America alone. When the United States grows so does the world." But he swiftly … [Read more...] about Trump warns Davos on unfair trade, says U.S. ‘open for business’
In highly awaited speeches ahead of Trump's arrival to the elite gathering in Davos, the French and German leaders insisted that while the world faces risks from all sides, populism and tighter borders will only make things worse.For the elites gathered at the Swiss Alpine resort of Davos, the "Merkron" harmony was music to their ears."After Brexit 2016 and Trump 2016 things have changed and someone needs to take the leadership, and the fact that Macron and Merkel are doing that, I welcome it," Alexander Stubb, Finland's former prime minister and now vice president of the European Investment Bank, told AFP.Their stance "gives us more confidence in ourselves, especially for Europeans, because it means that politics is stabilised," added Lithuania's President Dalia Grybauskaite.For The New York Times, Macron in particular "laid claim to the mantle of leader of the free world" with his speech on Wednesday.The full-throated endorsements of free trade and international rule of law came … [Read more...] about Davos hails Macron and Merkel’s move to centre stage
DAVOS — Deputy Prime Minister Vương Đình Huệ yesterday concluded activities at the 48th Annual Meeting of the World Economic Forum (WEF), in Davos, Switzerland, contributing to improving Việt Nam’s stature in a global forum and rallying foreign support for the country’s development. Speaking at a dialogue with global leaders about pooling financial resources for sustainable development, Huệ said governments should refine mechanisms, attract private investment in social fields and step up integration and economic connectivity to pool foreign capital for the healthy development of education-training, health care, environment and energy. According to him, Việt Nam is accelerating private involvement in education, health care and environment. Meeting President of Guinea Alpha Condé on the sidelines of the WEF meeting, Huệ wished that Việt Nam and Guinea will develop their ties. Condé … [Read more...] about Deputy PM Vương Đình Huệ concludes activities in Davos
Deputy PM Vuong Dinh Hue attends the opening ceremony of the World Economic Forum Annual Meeting 2018 (WEF Davos 2018), Davos, Switzerland, January 23, 2018 - Photo: VGP/Thanh Chung The four-day WEF Davos 2018 will have more than 400 discussions on four key objectives including driving sustained economic progress, navigating a multipolar and multi-conceptual world, overcoming divisions in society and shaping the agile governance of technology.Under the theme “Creating a Shared Future in a Fractured World”, it will convene over 3,000 leaders from business, government, international organizations, civil society, academia, media and the arts to set an agenda that drives greater multistakeholder collaboration to address the political, economic and societal challenges. Prosperity of ASEAN promoted Speaking at the session of the ASEAN Regional Strategy Group, Deputy PM Vuong Dinh Hue supposed that ASEAN’s development and … [Read more...] about DPM Hue attends opening ceremony of WEF Davos 2018