Current events-World Economic Forum(WEF)

No doubt, the topic of globalization is as hot as ever at the WEF. But on the question of what to do about it, the answers have changed. Read more: http://business.time.com/2012/01/28/at-davos-why-is-no-one-talking-about-the-poor/?xid=gonewsedit#ixzz1km8kJnev

"the powers at the very core of the World Economic Forum are interested in the Arab Spring as a matter of paramount global importance"
 
China is still the star. Brazil has come to Davos in a big way. As has Mexico, and India, and Azerbaijan. But the panels on China are packed, and everybody wants to talk about China, and while the cult of the Chinese technocrat has long been on the rise, we are now reaching the full flower of absolute reverence. American business people speak in hushed tones about the new generation of Chinese leaders as if they are supermen: They are well-educated, worldly, wise, and compared to the haplessness and paralysis that western governments have demonstrated over the past two years, they are paragons of good governance. They glide over a lot of complexities, of course, but they can’t help it. They are in love.

Americans and Europeans are pointing fingers at each other. Why is the global economy not in full recovery? The Europeans complain that none of this would have happened if the Americans had not taxed the global financial system when its housing bubble burst. To which, the Americans respond that that may be true, but they claim to have put their house in order and the only thing that’s holding America’s economy back now is European uncertainty. Then, arguments commence.