Thursday, January 18, 2018

The Lost Post Reconstructed - What Is Davos And Why Is Trump Going?

I can't remember the last time it happened - that a post vanished.  But it did yesterday.  There was a trace of the post - 15 visitors had visited, but it had reverted to a draft and the content was gone. [Bloggers might want more explanation, so see * at the bottom.]

I don't have time to reconstruct it all of yesterday's post, but I do think the World Economic Forum is something people should know more about, simply because a fair number of world leaders are planning to attend and what they say there will influence how the world operates in the next year.  And while I think that the WEF leans too heavily toward business and the issues of the wealthy, I also think that they take a rational approach that is sorely missing these days in the US among those in power.

So, here's the video - I recommend the first 14 minutes where Klaus Schwab talks - and I'll try to reconstruct some of the key points I had up yesterday.

[After Schwab's 14 minute presentation,  the rest is talking heads (well, so is Schwab).  This is simply a video of the press conference.  The fact that they didn't feel a need to spruce it up with graphics or closeups or other video tricks that keep audience attention, may reflect a) need to get it up quickly, b) the age of most participants  c) lack of concern because they have lots of power and might think they are so important that they don't have to trick it up.   It's not lack of money or technical know-how because the WEF website has lots of fancy charts and online sophistication. And the fact they have it up means the rest of us get to have a glimpse of the public part of this event.]

Klaus Schwab founded, and is the executive chairman, of the World Economic Council.  In this introduction to the conference for the media he covered:

Seven Reasons why Davos is significant  

1.  Collaboration - this is about the who can solve the problems - no one person, country, organization can handle these issues

Six Stakeholder Groups

  • Governments
  • Business groups
  • Civil Society - NGO's (non-governmental organizations)
  • University/Academic experts
  • Younger Generation
  • Media

2.  Integrative Approach - This is about the nature of the issues -They are  complex, must use systemic approach, ecosystem - 14 different systems (he didn't list them but said they are in the program)

3.  Not Stand Alone - everything is integrated into ongoing workshops - 3 example

He also mentioned:

  • Middle East Summit
  • Sustainable Development Impact Summit

[He didn't enumerate a #4]

5.  Timing - Beginning of each year is important.  Focuses the agenda for the year.  This is a critical year for Europe and most leaders will be here.

A second big issue will be the Future of the Global Corporation.

Future of Economic Growth - at the end of a big upswing cycle.

G20 and G7 Agendas are prepared at Davos

Publication of the Global Risks Report.  

Inclusive - one-third from emerging countries and Modi is a key speaker.

Integration of these discussions into discussion of the Fourth Industrial Revolution.

[He didn't identify specifically #s 6 or 7.  Maybe they were in the items mentioned after he mentioned #5.]


1.  Collaborative Approach - No one alone can solve the issues
2.  Integrated Approach - No issue can be solved in an isolated way
3.  Constructive Approach - great opportunities, but also unprecedented perils - danger of collapse of our global system, in our hands to improve the state of the world.

Some Background

From Wikipedia:
"The World Economic Forum (WEF) is a Swiss nonprofit foundation, based in Cologny, Geneva, Switzerland. Recognized by the Swiss authorities as an international body,[1] its mission is cited as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas".
The Forum is best known for its annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 2,500 top business leaders, international political leaders, economists, and journalists for up to four days to discuss the most pressing issues facing the world."
Here's a brief Vanity Fair bio of Klaus Schwab.  

This second time for this post was much easier than the first.

*For Bloggers - I think I somehow got two draft posts going.  I completed one and posted.  But the other one was still open, but very rudimentary.  When I found it, I was confused.  I think I deleted the few lines and I thought I closed it, but I must have revered it to a draft.  When I looked today there were 15 visitors but it was in draft status.  And there was no content.
There are a couple of things I could have done:
1.  copied the published post and started a whole new post and then deleted both the old ones.
2.  opened the published post to edit, then deleted the second post, then updated the original post.

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