Davos Event

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Davos is known as the spiritual home of globalization where some of the wealthiest decision-makers of the planet meet up. The Swiss ski resort hosts the annual meeting of the World Economic Forum. The forum focuses on improving the state of the world as the article states. The main point of this article is globalization and that more integration is better. Trying to make this happen had been rather difficult especially because of the financial crisis that struck back in 2008. Serious questions rose about whether globalization was more of a threat than a benefit. One major problem has been trade, which plummeted after the crisis, and is it only now getting better. Unfortunately there is no other way to say it but globalization has stalled. There are many risks when it comes to cross-border trades and investors are getting more intimidated. Joachim Fels warned that 2014 could potentially be a repeat of 1914, which brought a rapid end to the first golden era of globalization. The view from Davos is different which means not all is lost. Trade talks seem to be the common topic of discussion and negotiators are making progress toward the TPP on one side of the world and the TTIP on the other side. If the Pacific and Atlantic trade deals get completed and ratified that would amount to the largest trade liberalization from a negotiating process in the history of mankind. Negotiators recognize that they need to keep moving forward to be able to make this possible and if not everything could fall apart quickly. Globalization has paid off big for the developing world. Now trade and investments between developing nations are on the rise and emerging nations such as Brazil, India, and Russia are investing in wealthy nations. The presence of so many influential movers and shakers in one place called Davos makes the forum a stimulus for…...

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