WEF 2020 bids to create seat at the table | IOL Business Report

CAPE TOWN – Next week, the world will focus on the plush ski resort that is Davos, Switzerland, as heads of government, business magnates and civil society leaders descend upon it for the 50th staging of the World Economic Forum . Interesting word, “staging”, for WEF has indeed been a stage for some of the most important decisions and discussions facing our planet’s survival.

Under the banner of Stakeholder Capitalism: A Manifesto for a Cohesive and Sustainable World, These are overcoming income inequality, societal division and climate crisis. It is fair to say that Davos has gone through many iterations in its five decades; perceived initially as an elite travel destination for a group get-together, to now a respected think tank.

Entering my second decade of Davos participation, I find that Davos can indeed be an expensive talk show, or it can be a place to stimulate and propel the influential into critical action. I trust this year it will be the latter.

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BUSINESS MAVERICK: OP-ED: Markets 2020: Secular stagnation or ripe for the picking?The year started out looking peachy for emerging markets until the US took down Iran’s most powerful general. But underlying the risk-on, risk-off gyrations of the financial markets is a more worrying state of affairs. The five-year-plus underperformance of emerging economies relative to developed economies is undermining their long-held investment proposition.
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