Among world political leaders and business executives, there are several royals who are making appearence in Davos.
Asian countries have learnt their financial lesson the hard way when they were hit by multiple currency crisis more than a decade ago.
Failure to agree a successor to the Kyoto protocol would lead to countries pursuing their own objectives and expose world economies to protectionism, CEO of business software company SAP Léo Apotheker said while in Davos to attend the World Economic Forum.
I like James Gibney's evisceration of Davospeak:
Dr. Schwab and Company have made a handsome business out of enabling old-fashioned clubby capitalism by wrapping it in feel-good globoblather: "unprecedented multistakeholder, multimedia dialogue…look at all issues on the global agenda in a systemic, integrated and strategic way…intensify collaboration and develop innovative solutions…generate an unprecedented process of discussion and deliberation." As George Orwell tellingly observed, "When there is a gap between one's real and one's declared aims, one turns as it were instinctively to long words and exhausted idioms, like a cuttlefish spurting out ink." The next time you hear "multistakeholder," remember that, in Davos at least, corporations hold the biggest stake.
Lots of talk at the moment about how Africa's economy is looking up. The International Monetary Fund, for one, reckons sub-Saharan growth will be 1 percentage point above the world average this year and it has put eight African countries in its top 20 fastest growing economies list for 2010.