Davos Notebook

Five themes for Davos

January 22, 2010

Top (L-R): Steve Clarke, Natsuko Waki, Gerard Wynn, Martin Howell
Bottom (L-R): Peter Thal Larsen, Felix Salmon, Ben Hirschler, Krista Hughes

Reuters will have a multimedia team of 20 journalists plus editors and three columnists on site covering the Jan. 27-31 World Economic Forum annual meeting.

This year we are focusing our news coverage around five global themes that are shaping economics, politics and investment opportunities in 2010.  Our in-depth reports will draw on the expertise of our specialist correspondents from around the world to help inform the Davos conversation. These reports will be complemented by on-the-ground coverage, exclusive text and TV interviews, as well as a live blog aggregating the best Davos coverage on the web and on Twitter. We’ll be exploring the probing questions behind efforts to rebuild the world economy and financial system two years after the credit crisis.

Look for these special reports:

China Inc’s growing pains

China has emerged from the financial crisis emboldened with huge economic clout, vast FX reserves and growing diplomatic influence. To build its global presence, however, it needs brands, managerial expertise and technology. China Economics Editor Alan Wheatley asks – How will it muscle up?  Will it be through internal growth or foreign acquisitions? And what are the political and industrial risks, rewards and pitfalls of each approach – for China and the world http://www.reuters.com/subjects/davos/china

New investment frontiers:  where is the next big thing? (Tuesday)

The financial crisis taught us risk hides in unexpected places — from MBS securities or SIV funds to Iceland or Dubai.  As risk appetite returns and investors seek new venues, this makes Africa looks less scary than before. It is a resource-rich continent, facing a more rapid return to growth than most developed countries and sees another chance for a fresh start. This time round, could fewer wars and conflicts, debt forgiveness and an IT revolution secure Africa a firmer place in the investment firmament?  Africa Investment Correspondent Ed Cropley and special correspondent Ben Hirschler take a closer look.

Future of finance (Wednesday)

Two years into the crisis and bankers are flush with profits courtesy of super low interest rates and are paying out record bonuses, while regulators so far have only tinkered with the structures that gave free rein to rogue capitalism. No wonder there is public outrage. In 2010, the game will change. The prospect of tough new rules for capital, leverage, liquidity and risk measurement could spur banks to pull in their horns, and the new rules will trigger a broader strategic shift. Peter Thal Larsen, Reuters Breaking Views financial columnist, and Martin Howell, Company News Editor for the Americas, will examine – Can the new rules work? And what will banking look like?

Going green: Can markets step up to the climate challenge? (Thursday)

After the financial system’s spectacular failure, can markets still be an effective tool for allocating the capital needed to tackle climate change? This report investigates the political willingness to grasp the problem and the adequacy of a market response. A global funding gap to cut carbon is at least $100 billion annually at the moment. Oft-repeated arguments are that markets didn’t deliver moon shots, can’t mobilise for war, so how can they deliver a low-carbon transformation of the global economy? Environment Correspondent Gerard Wynn asks – Does it have to be command-driven, top-down solution?  Or can markets deliver?

Shaky economic recovery (Friday)

The financial crisis is far from over, witness a second wave of debt shocks from Dubai and Greece. Government balance sheets are bloated with public debt. The risk of a double dip recession looms or of protracted stagflation.  Central bank are facing mounting political pressure to inflate the debt away, take the blame for the mess in the first place or to find new solutions to old problems. Which central banks seem to have the answers to this conundrum, and can they avert blowing up new bubbles? Chief ECB Correspondent Krista Hughes tackles these questions.

Join us on our special Davos section for the best multimedia coverage on the web, including our daily Davos Today show at 0600 GMT.

Comments
4 comments so far | RSS Comments RSS

Thanks for the update. I look forward to hearing what
each report brings. Conundrums are many, challenges
are many…and armed with reliable information from
diverse sources and viewpoints, it’s probable that
solutions will be found. It’s essential to understand
the issues and think globally.

Posted by mc3marcy | Report as abusive
 

Stella:

“bankers are flush with profits courtesy of super low interest rates”.

Are you saying that the interest turn on the Fed is as high as ‘normal’ ? I thought the profits were from other income streams.

Posted by Ghandiolfini | Report as abusive
 

Davos, where overpaid executives and clueless politicians grandstand with shameless publicity- and rent-seekers. The best thing that will come out of Davos – actually, the second best thing – is NOTHING. The best possible thing is that this annual gabfest shuts down, permanently.

Posted by Gotthardbahn | Report as abusive
 

My invitation must have gotten lost in the mail again this year…

Posted by jimigenius | Report as abusive
 

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