Are Davos Manʼs Days Numbered? -
Raj M. Desai & James Raymond Vreeland
At the top of the agenda at the annual World Economic Forum in Davos this week is global cooperation—to “rethink, redesign, and rebuild” the architecture of international organizations to address economic, social, and security challenges. Reading the summary of the agenda, one gets the feeling that the attendees—the heads of governments, the media, multinational corporations, and international organizations—may be feeling increasingly defensive these days.
Of course, the knives have been out for Davos Man for some time, particularly since the subprime mortgage crisis and global financial crisis. But if last year’s meetings took place as confidence in markets collapsed, this year there is a feeling that trust in the basic institutions of global governance, and in the capacity of forums like Davos to set agendas, has reached a low point.
The program urges global leaders to regain public trust, “not only to establish the legitimacy of t...