I have, as usual, succeeded in spending a day in Davos without attending a single public session. But I have managed to speak to several interesting people about the world economy. Read more
While China has been dominating the news in the run up to this week’s event in Davos, it’s India that has been dominating my inbox. I, and presumably all the other delegates, have been invited to what must add up to a full schedule of colourful Indian networking events promoting India’s prowess in everything from cars to technology to music. India obviously sees an opportunity to influence “decision makers”. Meanwhile, I hope there will be a chance to influence India’s elite to do more to stop the needless deaths of 1.7 million children in India every year – the highest in any country. Read more
The World Economic Forum enjoys the conceit that, for a week, the world centres around Davos. But, this year, this is obviously not true. There are big events elsewhere in the world and the Davosites, like everybody else, are watching them on TV: terrorism in Moscow, the state-of-the-union in Washington and what looks like an incipient revolution in Egypt.
Events on the streets of Cairo meant that this afternoon’s session on security issues was packed out. That is because one of the participants was Amre Moussa, the secretary-general of the Arab League and a former foreign minister of Egypt. The bad news is that I am not allowed to report what Moussa said. The good news is that he actually said nothing worth reporting, so it’s no great loss. If this is the calibre of political leadership on offer, I can see why Egypt is in trouble. Read more
Outside the Conference centre Davos looks as pretty as a picture. Inside, it’s a different matter.
One rhetorical trope which never fails to irritate is the trite observation that “now is not the time for complacency”. Nods all round the room. I have often thought it would be provocative, for once, to hear a speaker say that today, indeed, is the perfect moment to be complacent, to relax one’s guard, and to engage in a comforting bout of self-congratulation. Read more
This year’s Davos started with the wrong sort of bang, as the Domodedovo bomb kept President Medvedev at home and deprived the conference of its first star turn. With the continuing uncertainty about who will stand for the presidency in Moscow next year, there was unusual interest in how he performed. We shall see if he is able to reschedule later in the week. That would create a logistical challenge for Klaus Schwab and his team. Read more
On my way to Davos and the WEF from Miami and NATPE (conference). Different weather and scenery, but there are similarities.
The WEF Chinese delegation will total over 60 people this year and the Indian will again be significant with 130 delegates. India will be launching an India Inclusive campaign to stress the benefits of economic progress and the growth of a vibrant middle-class and average incomes, while minimising the political impact of increasing disparities in wealth, as the new entrepreneurs of India globalise their operations – Tata, Ambanis, Mittals, Mahindra, Bhartis, Godrejs are all names we are becoming increasingly familiar with on a world stage. Chinese participation is up fivefold in the last decade, Indian up fourfold. Read more