The annual gathering of the world’s most influential has began in Davos, Switzerland. It is thought there will be around 50 world leaders attending, including Russian President Dmitri Medvedev, British Prime Minister David Cameron, German Chancellor Angela Merkel, and Italian Prime Minister Mario Monti. There will also be leaders from the media, business, and academia.
In the run up to the conference the founder of the World Economic Forum, Professor Klaus Schwab, has said the mood this year is more optimistic than last, but has warned that the global economy could still collapse if more is not done to promote growth.
On the agenda will be the continuing eurozone crisis, the US Fiscal Cliff, weak economic growth, soaring national debts, and the latest stimulus program in Japan.
The World Economic Forum seeks to promote a global governance platform to address the global issues that national governments alone can not tackle.