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Davos wakes up again to global business brainstorming

01-26-2012 07:41 BJT Special Report:2012 Annual Meeting of World Economic Forum |

GENEVA, Jan. 24 (Xinhua) -- Almost like migration, each year at the beginning of the year, political leaders, business tycoons and academia gather at a tranquil Swiss Alpine town, Davos, for the biggest entrepreneurial brainstorming event of the year.

On Tuesday, with the first waves of delegates arriving, Davos wakes up again from its hibernation.

This year, from Jan. 25 to 29, some 2,600 delegates from over 100 countries are expected to join the 5-day gathering that draws attention from almost all mainstream media worldwide.

Convening at the beginning of each year, for over 40 years, the event has been taken by some as a weathervane of global economic trends. Where the wind blows this year? The world will wait and see.


As usual, entrepreneurs comprise a majority of the participants, and 2012 makes no exception. This year will see more than 1,600 business leaders, of whom 1,000 are top executives. The collection is more than sufficient to ensure Davos as a top-notch club for business leaders.

However, this is less the case with political leaders. Despite 40 heads of state or government and over 85 ministers registered for the meeting, unlike last few years, some key figures from major countries will be absent from this year's event.

Apart from Germany that sends its Chancellor Angela Merkel to deliver the opening speech, and Britain with the presence of its Prime Minister David Cameron, other major countries such as Russia and the United States are represented at vice prime minister or ministerial-level.

International organizations will be well-represented at the gathering, with nearly 40 top international organizations bringing well-known names such as Secretary-General of the United Nations Ban Ki-moon, Managing Director of the International Monetary Fund Christine Largarde, President of the World Bank Group Robert Zollick and Director-General of the World Trade Organization Pascal Lamy.

In addition, more than 200 leaders from academia, over 120 Global Young Leaders and more than 100 civil society organizations will participate.

Media staff work at the Media Center a day before the opening of the 42nd Annual
Meeting of WEF, in Davos, Switzerland, on Jan. 24, 2012. The 5-day Meeting this year
will convene under the theme of "The Great Transformation: Shaping New
Models." (Xinhua/Ye Pingfan)

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