In 2009, after helping rescue the US from the Global Financial Crisis, Zhou Xiaochuan, Governor of the Peoples Bank of China, said, "The world needs an international reserve currency that is disconnected from individual nations and able to remain stable in the long run, removing the inherent deficiencies caused by using credit-based national currencies.” Zhou
Why does Davos Man get it so wrong?
Looking for answers at the World Economic Forum in Davos in 2018. Keystone / Laurent Gillieron
The World Economic Forum should put global leaders in the audience to listen to social workers, virologists and reporters, argues Simon Kuper.
This content was published on January 21, 2021 - 10:35
January 21, 2021 - 10:35
Simon Kuper, Financial Times
We don’t know yet what will happen in 2021, because the World Economic Forum’s meeting in Davos has been called off. Normally at this time of year, political and business leaders gather in the Swiss ski resort to reveal the future. Now we’ll only discover what’s coming when they meet in Singapore in May. Actually, scratch that: most Davos predictions are worthless. There is no VIP crystal ball.