London CNN — Every year, business leaders, billionaires and politicians gather in Davos, Switzerland under the banner of forging ties that can help solve global problems. It’s a glitzy exercise often criticized as out of touch . It also looks increasingly out of date as the biggest war in Europe since 1945 turbocharges splits in the world economy. This year’s World Economic Forum, hosted in the Alpine ski town since the early 1970s, kicks off Monday. It’s expected to draw a record 2,700 attendees, including German Chancellor Olaf Scholz, European Commission President Ursula von der Leyen, Chinese Vice Premier Liu He, South Korean President Yoon Suk-yeol and US climate envoy John Kerry. Yet the WEF’s first winter meeting in Davos since 2020 comes as economic heavyweights are playing by different rules, with companies moving supply chains closer to home , strategic stockpiling picking up pace and corporate executives who once extolled free trade appearing increasingly wary of rising geopolitical risks . “I think Davos is totally irrelevant,” said Rana Foroohar, a Financial Times columnist, whose book “Homecoming” argues that a new shift toward localization is displacing the forces of globalization that have been dominant over the past half century. […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
