World Economic Forum Meeting opens in Davos
By Jerin Mathew | January 23, 2013 7:16 PM EST
The annual meeting of the World Economic Forum has opened in the Swiss town of Davos, bringing together about 2,500 participants from more than 100 countries and over one-thousand international organisations.
Participants of the invitation-only forum include global leaders, heads of industry and representatives of non-governmental organisations. David Cameron, Prince Andrew, Russian Prime Minister Dimitry Medvedev and billionaire Bill Gates are some of the high-profile personalities attending the meeting.
The WEF is an independent international organisation that says its aim is to improve the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.
The six-day meeting will have about 300 sessions and workshops, in which the participants will discuss issues related to global economic growth and structural changes in business models.
The theme of the 2013 Davos Forum is "resilient dynamism", suggesting that the world's leaders must now come up with new ideas for global, economic stability in a better environment than last year, which was primarily hurt by the crisis in the eurozone.
Earlier, a survey of 390 experts published by the forum revealed that the global economic confidence has improved due to positive signals from the eurozone and tackling of the "fiscal cliff" issue in the US.
Additionally, the forum will discuss the issue of managing the transition from a world controlled by the developed economies to a new world in which emerging countries are playing a major role. The International Monetary Fund projects that the developed countries' share in global GDP in current dollars will decline to 56 percent by 2017.
German Chancellor Angela Merkel, Italian Prime Minister Mario Monti, Chancellor of the Exchequer George Osborne, former UK PM Grodon Brown, IMFdirector Christine Lagarde, billionaire George Soros and Israeli defence minister Ehud Barak are all expected to attend the meeting.
To contact the editor, e-mail:
Join the Conversation
- Travel Alert: Australia Mulls To Review Airport Security Policy, Could Allow Scissors, Metal Cutlery Back In Planes
- 5 Likely Reasons Why You Are Not Getting Hired
- This Is How Obesity Weighs Down Global Economy By 2 Trillion Dollars Every Year
- Consumer Alert: Retailer Simons Goes Out Of Quebec, To Open Five Stores Across Canada
- Signs That You Are A Smartphone Zombie (And The Dangers This Poses)
- Russia Is Ready for Shooting War, Will Likely Win Looming Nuclear Showdown with U.S. – Report
- Microsoft Band Runs Out Of Stock, But Offers $10 Gift Voucher To Wait-Listed Customers
- Black Friday And Cyber Monday Sale 2014: AT&T's Cricket Wireless Offers Discounts On Lumia 1320, Galaxy S5, S4 And HTC Desire 510
- Google Joins Forces with GoPro Inc with New Google Maps Focusing on Destination
- Target Early Black Friday 2014 Sale Ad Released For Nov. 26, 2014 Includes Deals On Toys, HDTVs And Video Games Such As ‘FIFA 15’ And ‘NHL 15’ For Xbox 360 [WATCH VIDEO]
- 16GB iPhone 6 for $99 at Sam’s Club is the Best 2014 Black Friday Deal Around
- ISIS Kidnaps Iraqi Defence Minister’s Family, Executes Female Parliament Candidates