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It began half a century ago, in 1971, at a time when the world was in a difficult situation. The initial idea was to learn how European companies could adapt to new management practices, which later gained traction in the United States.
Within a few years, the United States abandoned the gold standard for its currency, Israel and Arab states were embroiled in war, and the U.S. president was embroiled in a political scandal that led to his resignation.
On Monday, the World Economic Forum’s 54th annual meeting in the Alpine hamlet of Davos, Switzerland, will once again bring together political, business and other elites to discuss the most troubling issues, from war to inequality to climate change. We plan to address the issue. As in recent years, the top issues this time around will include the Middle East conflict, trust in government and corporate institutions, and climate change. The event includes speeches, group conversations, panel discussions on a variety of topics, various sidebar conversations and popular after-hours social gatherings.
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Over the years, the rally has hosted current U.S. presidents (Bill Clinton and Donald Trump), former political prisoners (Nelson Mandela), climate change prophets (Jacques-Yvez-Cousteau), and countless other celebrities. has participated. Prime Ministers (Tony Blair), big business (Bill Gates, Rupert Murdoch) and cultural icons (Bono).
The 2024 event won’t be devoid of star power, but celebrities who aren’t listed in advance will often be in attendance. U.S. Secretary of State Antony Blinken, Chinese Premier Li Qiang, European Commission President Ursula von der Leyen, French President Emmanuel Macron, Argentina’s new President Javier Milei, and United Nations Secretary-General Antonio Guterres are scheduled to attend. ing.
Andres Cadena, senior partner at global consulting giant McKinsey & Co., said: “We are reuniting with world-class thinkers to understand the uncertainty we face and solve problems within that uncertainty.” I look forward to the opportunity to demonstrate my human potential.”
The forum is not without its own controversy, as it has long been a haven for globalists and ruling elites. Elon Musk will be famous in 2022 tweeted He said Davos “sounded boring”, further raising questions about whether he had been formally invited.
The 2024 meeting comes as populism is on the rise around the world, and the frontrunner for the Republican nomination for the White House is a former president who championed an “America First” policy at Davos in 2018. It will be held in the presence of Mr. Trump. He started a trade war with China.
The theme of this year’s conference was “Rebuilding Trust,” and World Economic Forum Editor-in-Chief Gail Markovitz said the program was “an essential component of open and constructive dialogue between government, business, and private sector leaders.” He characterized it as something that embodies the spirit of returning to the world. society.
“The goal is to connect the dots and provide foresight in an increasingly complex environment by showcasing the latest advances in science, industry, and society,” Markovitz wrote.
That complex environment is embodied in the conference’s themes, which include the emergence of artificial intelligence, rifts in relations between world powers, and the post-COVID-19 economy. The event will be livestreamed and information will be available on social media.
This year’s conference follows a survey of global business leaders released Wednesday by think tank Conference Board that found the global economic downturn and inflation are the top concerns of CEOs around the world. The meeting will be held following a detailed report. With Russia’s war in Ukraine and the conflict between Israel and Hamas escalating, global political instability has also topped the list of things keeping business leaders up at night.
Meanwhile, global growth is expected to slow to 2.4% in 2024, according to a World Bank report released on Tuesday. Economists say gross domestic product (GDP) growth is expected to be the weakest in 30 years over the next five years, pointing to continued high prices and borrowing costs as one of the reasons for the slump.
There are also concerns about rising business costs due to increasing geopolitical instability, particularly in the Middle East.
“Without a significant course correction, the 2020s will be a decade of wasted opportunities,” said Indermit Gill, chief economist at the World Bank Group.
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