Thursday 10 January 2019

What will be discussed in this year's Davos?

The World Economic Forum Annual Meeting will take place between 22th and 25th January, and is also known as Davos which is the place where the Forum takes place every year. Davos is a very influential event that many world leaders from many countries including China, the US, Russia, these powerful nations, many top scholars and many business leaders come to Davos and give speeches to express their opinions and thoughts about the world economy as well as how the future we should head to. Last year, a substantial number of speeches were about females' importance in the modern society and many female leaders provided their own inspiring stories. Of course, globalisation and technology were also discussed last year, these topics are never too outdated to be discussed. Since this year's Davos is so close, what will be discussed this year?

It is reported that Trump cancels his trip to Davos because of the government shutdown. Does this mean that the Trump administration does not expect that the government shutdown will be resolved by the end of this month? If so, it means that the Trump administration will not accept any bill that is passed by the House and the Senate if the bill does not include the funding for Trump's wall. This year, globalisation might be discussed even more, because of the tension between China and the US. Of course, if China and the US can make a deal before Davos which might change the story; however, globalisation is always an interesting topic to discuss. Moreover, technology will also be discussed, though cryptocurrency is highly unlikely to be discussed this year. AI I think will still be discussed. Climate change might be another topic that may be discussed in Davos, because the issue is getting worse when the US administration shows no interest in believing in climate change theory. Furthermore, Brexit can be another topic that can be discussed in Davos. Theresa May may come to Davos and give a speech to seek support for her Brexit plan; however, Davos may be too late for May because she is facing the Parliament a lot earlier than that. In addition, there is another topic that might be good to be discussed in Davos, which is how vulnerable the world economy is when facing a possible economic crisis. There are some people arguing that the world economy is not ready for another economic crisis, though there is no guarantee that if an economic crisis will hit the world economy in the near future. Given the sharp drop we saw in many financial markets around the world in the last quarter of 2018, this can be a topic that people want to hear some opinions shared by the influential people.

Overall, I do not know what will be discussed in this year's Davos, even Trump will come to Davos and surprise us. I am really looking forward to this year's Davos.

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