A more complex and interdependent world has emerged from what has been called the longest and deepest recession since the 1930s. These new commercial and political realities are on the agenda as more than 2,500 corporate, government and social leaders attend the World Economic Forum Annual Meeting 2011. The speed of change and technological innovation along with a shift of geopolitical and economic growth from north to south and west to east are among the most important factors of the new reality, according to Klaus Schwab, the forum’s founder. “This has not only political and economic consequences,” he said. “I think the world will go through some shock waves of adaptation.” Emerging and developing changes A change in realities can even be seen in this year’s guest list. More than half of the 35 heads of government traveling to Davos are from emerging markets. The forum is put under heavy security for the conference “I am very much looking forward to see the results of the [recent] meeting between the presidents of the US and China, which will be an indicator of how much we can build a harmonious world, despite this power shift,” Schwab said. While prospects for future… Read full this story
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