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Closelook: Davos – On top of the mountain

4 months ago

It's always the same thing every year. The world's most influential people gather at an altitude of 1,500 meters in order to take a view on the future of the world and how to make it better. This is the World Economic Forum in Davos. Here is a brief guide to the "Cannes Film Festival" of the global economy.

 48th edition - Klaus Schwab, a German professor of economics founded this economic forum in 1971. He wanted to create a place of exchange and reflection between big bosses, politicians and academics, so that Europe could make up ground against the United States. Today the World Economic Forum is best known for its annual grand gathering in Davos, Switzerland.

 The great and good of the world - Davos is the meeting of great minds. There are heads of state: Emmanuel Macron, Angela Merkel, Theresa May. Donald Trump, was the first American president to grace the gathering in Davos since Bill Clinton in 2000. Major bosses (Total, Google, Goldman Sachs ...), but also academics, Nobel laureates, artists and of course economists like Laurence Boone, the Chief Economist at AXA.

 A grand premiere - This year, the forum was chaired by women, 7 co-chairs. Among them were: Christine Lagarde, Director of the InternationalMonetary Fund (IMF), Fabiola Gianotti director of CERN and Isabelle Kocher, general director of Engie. The forum was looking  to give a great place to the women’s voice.

 Great Reflections - This year's theme was  "Creating a Shared Future in a Fractured World". For 3 days movers and shakers from every  country, debated and gave interviews and talks on artificial intelligence, the digital revolution, healthcare, taxation, global inequality  ... in short, 400 inspiring speeches.

 Small decisions - Davos is not the place where decisions are made, rather an incubator of ideas. Being confined for 3 days on neutral ground surely helps. And it is here that attempts are made to re-establish links (as in 1994 when Israelis and Palestinians concluded a draft agreement on Gaza and Jericho) or to revive international trade negotiations.

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