World Economic Forum

20 Jan 2020

Davos in a nutshell: understand what happens during the World Economic Forum

The time is now. The most important event when it comes to the global economy, the World Economic Forum, is happening between January 21-14. If you want to know why it is so important, know that some of the world’s top business people, celebrities and politicians gather in Davos (Switzerland) every year to “improve the state of the world”.

This is a single opportunity. It is not every time that we have the chance to see leaders from business speaking on equal terms with key players from charities or scholars. Of course, we must consider the key players from politics that usually attend the event.

Most expected attractions

The encounter between Greta Thunberg & Donald Trump

With respect to Davos 2020, people wait for the infamous encounter between US President Donald Trump (73) and the activist Greta Thunberg (16). Recently, the president said that Thunberg should work on anger management by watching an old-fashioned movie with a friend. In response, when both attended the UN climate change summit in New York earlier this year, Greta said to the press that she would not have wasted her time by talking to him.

World Economic Forum
Understand the World Economic Forum at Davos! (Source: G1)

The presence of top-notch leaders

Besides Greta and Trump, you must know that a plethora of global leaders will be present at the World Economic Forum. This is important because those people are major sources of influence, power, and money. For instance, if they decide to consider the ideas of an activist like Gretha, a lot can change in their countries and, of course, in all the world. Besides, not only world leaders as Trump will be there, key figures from the UN and EU and the heads of major firms like Coca-Cola and IBM will attend the event as well.

However, CEOs such as Mark Zuckerberg are not the only expected personalities. Singers as Bono (U2) are usually invited. He is a well-known activist and is the Co-Founder of projects like ONE and (RED). ONE’s, for instance, has nearly 10 million members who pressure governments to take action to fight extreme poverty. On the other hand, (RED) works with businesses to raise money for the AIDS fight.

Considering all this, it is extremely important that an individual like him is present in this type of event in order to raise funds for the causes in which he believes. Actually, one of the biggest conquers of Davos is that many companies use the event to make key pledges on relevant issues. Because of that, the influence of the speakers may affect big decisions that will impact millions of people.

If you want to keep up with the biggest highlights of the World Economic Forum, do not forget to read our articles every day! We will be covering Davos 2020 until January 24. If the global economy is a theme you are interested in, we would be glad to help you with that!

Source: BBC