Davos Notebook

What is the Davos optimism based on? – Strategy head

Mark Spelman, Global Head of Strategy at Accenture, stopped by the Davos town library (our WEF headquarters) to talk about what he believes have been the key developing themes at this year’s meeting.

In this first video, Spelman talks about key growth trends and the reasons behind the sense of ‘cautious optimism’ at Davos 2011.

“If 2010 was really about stability in the global economy, I think 2011 is all about the pace of global recovery,” he says.

“Optimism here is to a certain extent trumping pessimism. But the key question is, what’s this optimism based on?”

In this next video, Spelman analyses the underlying mood of confidence at Davos and how to balance the focus on growth and innovation with cost and complexity.

Will Goldman’s new BRICwork stand up?

RTXWLHHJim O’Neill, the Goldman Sachs economist who coined the term BRICs back in 2001, is adding four new countries to the elite club of emerging market economies. But does his new edifice have the same solid foundations?

In future, the BRIC economies of Brazil, Russia, China and India will be merged with those of Mexico, Indonesia, Turkey and South Korea under the banner “growth markets,” O’Neill told the Financial Times.

Hmmm.  Doesn’t quite grab you like BRICs, does it? The Guardian helpfully offers an amended branding banner of  “Bric ‘n Mitsk” (geddit?). But which ever way you cut it, it’s hard to see a flood of investment conferences and funds floating off under the new moniker.