Posts Tagged ‘World Economic Forum’

Davos 2011 wraps up: Emerging markets generating the emerging buyers

January 30, 2011

Davos 2011 wraps up somewhat overshadowed by the ongoing revolution in Egypt.

Davos, home of the annual World Economic Forum meeting

Davos, home of the annual World Economic Forum meeting : image The Telegraph

 

But the WEF is turning out to be more than just a talking shop. This year there is no single dominating theme but a number of strong themes were apparent. The Euro is turning the corner, buyers from the emerging markets are on an acquisitions spree and bankers are being rehabilitated after they brought the world to its knees with their greed and profligacy.

There is a clear optimism but also a strong fear of being optimistic. Too many fingers have been burnt.

  1. Emerging market companies buy up the world
  2. Bankers regain power as Davos summit ends with a big fudge
  3. Davos summit leaves David Cameron and George Osborne feeling bruised
  4. Euro zone crisis seen turning corner
  5. At Davos, men outnumber women by over 5 to 1
  6. Sarkozy publicly slams JPMorgan chief at Davos forum

 

DAVOS 2011 kicks-off today: 35 heads of state, 2500 delegates

January 26, 2011

http://www.weforum.org/

wef

35 heads of state and over 2,500 delegates are expected to attend.

If the WEF’s guidelines are followed there will be at least one woman for every four men!!

http://blogs.ft.com/rachmanblog/2011/01/davos-trying-to-solve-the-worlds-problems-in-four-days/

The WEF Chinese delegation will total over 60 people this year and the Indian will again be significant with 130 delegates. India will be launching an India Inclusive campaign to stress the benefits of economic progress and the growth of a vibrant middle-class and average incomes, while minimising the political impact of increasing disparities in wealth, as the new entrepreneurs of India globalise their operations – Tata, Ambanis, Mittals, Mahindra, Bhartis, Godrejs are all names we are becoming increasingly familiar with on a world stage. Chinese participation is up fivefold in the last decade, Indian up fourfold.
The G20 is very well represented too. All countries have president/prime minister or ministerial representation here except Argentina, with the latter’s central banker as its representative.

At least one woman required to be brought for every 4 men! – WEF Davos

January 13, 2011
DAVOS/SWITZERLAND, 17JAN08 - Aerial Photo of D...

Hotel Steigenberger, Davos: Image via Wikipedia

The World Economic Forum is requiring its strategic partners to bring along at least one woman in every group of five.

I am not sure whether this is a blow for or against gender equality. Coming as it does from the World Economic Forum for the meeting in Davos to be held in 2 weeks, I suspect that it is primarily about having a good time rather than about gender equality!!

From The Guardian:

Each year, prime ministers, bankers, business tycoons and other movers and shakers of the global elite gather at the World Economic Forum (WEF) in the Swiss Alpine town of Davos. And each year, one key thing has been missing: women.

Now, in an attempt to improve the traditionally dismal gender balance at this month’s event, which starts a week next Tuesday, the WEF has for the first time imposed a minimum quota of women.

The forum’s “strategic partners” – a group of about 100 companies including Barclays, Goldman Sachs and Deutsche Bank – have been told they must bring along at least one woman in every group of five senior executives sent to the high-profile event. Strategic partners account for 500 of the 2,500 participants expected this year at a gathering where David Cameron will rub shoulders with the Russian president, Dmitry Medvedev, historian Niall Ferguson, UN secretary general Ban Ki-moon, at least one member of the Saudi royal family and countless business supremos and members of the academic elite.

“The World Economic Forum annual meeting engages the highest levels of leadership from a variety of sectors and participation figures are a reflection of the scarcity of women in this external pool,” said Saadia Zahidi, who heads the gender parity programme at the WEF and came up with the quota plan.

At Davos, the world’s most powerful men (and a few women) broker multimillion-pound deals behind the scenes of the conferences. The forum’s black-tie dinners, cocktail parties and other less formal encounters are the ultimate networking events and those present follow the old “contacts lead to contracts” motto.

But so far, relatively few women have benefited from this high-level schmoozing. Women made up only 9-15% of those present between 2001 and 2005.