Davos: The World’s Most Predicable Annual Spectacle

This year there has been too much shrill in the social media about the World Economic Forum held in Davos, Switzerland.  The general lament has been “Why are India’s Union ministers and chief ministers going all the way to Davos to sign MoUs with the CEOs of Indian companies when the same could have been done in India …in the CM’s cabin”? Why waste taxpayers money? Effectively, countering this criticism, Maharashtra chief minister Devendra Fadnavis told Rahul Kanwal of NDTV, that Davos is a meeting place…attended by the who’s who. A number of Indian companies have foreign partners and those people attend the event… and we get an opportunity to meet them while signing the MoUs. And sometimes we just meet the foreign partners and the MoU is subsequently signed in India. Adding further, he said all states in India hold Investment Summit … .so there is no need for it…you can sign MoUs in Mantralaya. Well put. The 56^th meeting will see leaders from business, government, international organizations, civil society and academia attend. Capturing the pulse will be over 400 plus journalists & media representatives. The World Economic Forum (WEF) is an international advocacy non-governmental organization and think tank founded on 24 January 1971 by German engineer Klaus Schwab. The main objective of the Davos WEF is to “improve the state of the world” through public-private cooperation.