Some economists believe WEF will be a balancing act amid escalating global tensions
Kicking off in Davos on Tuesday, the 2024 World Economic Forum (WEF) comes on the back of a complex global economic environment and even more complex geopolitics.
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JOHANNESBURG - As the official programme begins in Davos on Tuesday, some economists believe that the World Economic Forum (WEF) will be a fine balancing act, as escalating global tensions threaten security and cooperation.
The 54th conference brings together a host of global leaders, business moguls and corporate giants to talk shop on a range of issues.
The 2024 installment comes on the back of a complex global economic environment and even more complex geopolitics.
Economist Dale McKinley said this would be a chance for advanced economies to be on the right footing.
“I think that there’s a feeling – especially among well-to-do countries and the developed world, and the developed world and corporate capital, which dominates the World Economic Forum – that things are getting out of hand for them.”
The relevance of the annual meeting of global elites is up for debate yet again.
Economist Isaac Matshego said the WEF is an important conversation starter.
“We need to continue promoting cooperation between the West and developing economies to promote development across the globe.”