The Strategist

Davos World Economic Forum and its famous faces

01/17/2017 - 16:33

Another 47th World Economic Forum is held 17 to 20 January in Davos, Switzerland. The 2017 theme is "Responsive and responsible leadership" and, as expected, will bring together a record number of participants, that is, about three thousand representatives of government, business, international organizations and civil society.

U.S. Department of State
U.S. Department of State
The forum, which is taking place in the course of about 400 sessions, will focus on four areas - rethinking of global cooperation, revival of the global economy, reform of capitalism and preparation for the fourth industrial revolution.

Among others, the event is welcoming thousand CEOs, delegations from more than 70 countries, including all G20 countries, their key ministers, and heads of governments and major international organizations such as the UN, WTO, IMF.

President of China Xi Jinping is opening the annual meeting. This is the Chinese leader's first visit to the World Economic Forum after 1979, when his country took part for the first time. He brought the largest delegation of officials and businessmen. According to experts, this indicates that China is trying to actively declare its positions in the world economy after election of new President of the United States. Analysts say the country fears that Trump begins to carry out his campaign promises and may open a "trade war" with China. 

Speaking of the United States, its delegation is under the spotlight. WEF founder Klaus Schwab previously said that he invited representatives of both administrations - the outgoing and the new. The outgoing administration is represented by Vice President Joe Biden and US Secretary of State John Kerry, and both of them will participate in the panel discussions. The new administration is presented by Anthony Scaramouche, recently appointed as adviser on relations with the business. The situation heated up by the fact that Trump and his team take their legal rights just before the forum closes.

The European Commission is planning to talk about their work preferences and particular steps in overcoming difficulties in areas such as migration, security, economy, climate change and energy. The delegation is headed by Frans Timmermans, first vice-president of the European Commission, and is composed of Federica Mogherini, High Representative of the European Union for Foreign Affairs and Security Policy, Maroš Šefčovič, Vice-President of the European Commission, Vice-President of the Euro and Social Dialogue Valdis Dombrovskis, and European Commissioner for Trade Cecilia Malmström. They are going to speak at different thematic sessions, and meet with representatives of political and business leaders from around the world, said the European Commission press office on the eve of the World Economic Forum.

Discussions on the global energy market’s situation is an integral part of the Economic Forum. In particular, the main topics are prospects of the industry and impact of new market reforms. Among the participants are registered Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih, Iraqi Oil Minister Jabbar al-Luaibi, Nigerian Oil Minister Emmanuel Ibe Kachikwu and OPEC Secretary General Mohammed Barkindo.


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