DEBATE: Is there any point to the annual WEF summit in Davos?

first_imgTuesday 22 January 2019 8:04 am City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Opinion whatsapp Tags: Climate change People Theresa May Twitter DEBATE: Is there any point to the annual WEF summit in Davos? Is there any point to the annual WEF summit in Davos?Bill Michael, chairman and senior partner of KPMG in the UK, says YES.Elements of the World Economic Forum (WEF) do raise an eyebrow. From the setting in the Swiss Alps to the A-listers in attendance, it can seem like the last bastion of global elitism.center_img Yet, away from the headlines, the issues discussed at Davos are critical. This year delegates will consider the importance of mental health, the impact of artificial intelligence on jobs, and how to tackle climate change.As individual business leaders, we can try to address these problems in isolation, but they impact societies worldwide. This is where Davos can make a difference, bringing together leaders from government, society and business, enabling them to pool ideas and create new partnerships to drive solutions. It encourages collaboration, which is sorely needed in a time of political and economic nationalism.Davos may not appeal to all, but behind the “theatre” it remains a unique opportunity to achieve more in a week than can be achieved in a year.Our challenge this week is to make that happen. We need to turn talk into action to drive purposeful growth and create opportunity for more of society.Lauren McEvatt, managing director at Morpeth Consulting, says NO.Long before Theresa May’s “citizens of nowhere” catchphrase, Samuel P Huntington had hit upon a similar description for WEF summit attendees: “Davos Man”, an appropriate moniker since the number of female attendees has never passed 21 per cent. Bill Michael Michael and Lauren McEvattLauren McEvatt is managing director of Morpeth Consulting, and a former government adviser. Share Davos was designed to bring world leaders together with private sector magnates to solve global problems. Instead, every year it creates an image of an increasingly vilified elite frolicking in the snow like entitled dilettantes.This image hangs like a PR noose around the necks of world leaders whose citizens have been at the forefront of the austerity policies required after the crash of 2008.Pity the President of Zimbabwe, who announced on Twitter that, given the “unrest” (read: civilian deaths) at home, he has pulled his attendance. Ironically, this spin will be lost on the citizens of Zimbabwe, since his government has shut down the internet, raising the question of why he was invited at all.Davos is a better organised, allegedly philanthropic Fyre festival for influential boomers, with fondue instead of cheese slices. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapplast_img

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