Leaders from across the globe met at the World Economic forum in the backdrop of the biggest recession of our times. These are no ordinary times and this was no ordinary summit. We know this for sure because it’s not always that the head of states and governments in such large numbers (almost 40) are seen attending what predominantly is a global business forum.
Such large scale political participation raises doubts of Protectionism as each country tries to overtly protect its own economy and interests. Such a tendency can negatively impact the global business phenomenon and practices that have developed over the past 2 decades. These troubled times I know are bound to change the way business is looked world over. But I sincerely hope that the impact is not catastrophic to the very idea of globalization.
The three key discussions in Davos 2009 were:
- Finding ways to stabilize and revive the current global economic system
- Addressing the challenges of the “post crisis” world
- Global fight for environmental protection
The good part is that world is already looking forward to a values and principle led post crisis world. That too “cleaner and greener”.
Will this strategic exercise of the biggest global business minds help changing the course of the future? Well, only time will tell.
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