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In The News
   
 
 

 

In The News

 
Article: One World Government
 
 
ZURICH (Reuters) Political leaders and central bankers will dominate this week's annual Davos forum as a chastened business elite is sidelined in the drive to reboot the world economy, improve global security and slow climate change.

More than 40 heads of state and government -- almost double the number last year -- will be joined by 36 finance ministers and central bankers, including the central bank chiefs of all the G8 group of rich countries except the United States.

About 1,400 business executives will also be in Davos but fewer top bankers and captains of industry are expected as they struggle to keep their businesses afloat -- and themselves in a job, mindful of the event's glitzy image in more austere times.

Russian Prime Minister Vladimir Putin will open the four-day meeting on Wednesday in the Swiss Alpine resort that is being organized under the title "Shaping the Post-Crisis world." Also present will be Chinese Premier Wen Jiabao, German Chancellor Angela Merkel, Japanese Prime Minister Taro Aso and British Prime Minister Gordon Brown as well as Valerie Jarrett, a senior adviser to new U.S. President Barack Obama.

It is the first time world leaders will get together to discuss the deepening crisis since a meeting of the G20 group of big and emerging countries in Washington in November.

A WEF report ahead of the meeting said the main risks facing the world included deteriorating government finances, a slowing Chinese economy and threats to food and health from climate change, along with a lack of global coordination to tackle them.

Klaus Schwab, the forum's founder and chairman, said the meeting would be a chance for leaders to think about the kind of world they wanted to see emerge when the crisis is over. "What we are experiencing is the birth of a new era, a wake-up call to overhaul our institutions, our systems and, above all, our way of thinking," he said.

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