Friday, 25 January 2019 10:17

Davos Conference and Its Impact on the World Economy 2019

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The leaders of a number of countries and a number of businessmen and environmentalists are discussing various economic issues which are expected to reduce this year. The world’s leaders are gathering and discussing the issues at the World Economic Forum, in Davos Switzerland from 22 to 23 january, 2019. Unlike previous years, at least 3 leaders of developed countries are not present at the World Economic Forum meeting which started to convene since 1971. The three absent leaders are British Prime Minister Theresa May, French President Emanuel Macron, and US President Donald Trump. Theresa May and Macron are not present at Davos due to crucial problems at home. Whereas Donald Trump, besides still having to struggle to overcome the frozen part of the Federal government due to the turmoil of Immigration and the Border of the United States and Mexico, his absence can also be seen from other aspects. Trump's absence at this annual meeting can be seen from the attitude of Donald Trump, who, from the beginning of his administration is seen to maintain a distance from Europe. In this conference, the United States is represented by the US Secretary of State Mike Pompeo who got the opportunity to give a speech after the opening ceremony, along with German Chancellor Angela Merkel. From Asia Japanese Prime Minister Shinzo Abe is present while from Latin America the President of Brazil Jair Bolsonaro. Unlike other Summit, the World Economic Forum in Davos is attended by a number of prominent businessmen such as Bill Gates and environmentalists and broadcast practitioner Sir David Attenborough. David Atenborough called on the world leaders to find practical steps to protect environmental damage due to the symptom of industrial development of climate change. The Davos meeting which is held annually in the mountainous region of Switzerland, initially has sought to find solutions to the impact of industrial and economic development on the environment and humanity. In the economic field, this year's meeting will certainly pay attention to predictions of declining economic growth. The trade war between China and the United States, which still has not found an agreement on how to end it, should be highlighted in this year's meeting. Nevertheless, the world certainly cannot really hope that this year's World Economic Forum meeting will be able to influence the economic policies of countries that have a major influence in the economic field. Donald Trump's absence, among others, gives clues about that.

Read 396 times Last modified on Friday, 25 January 2019 13:20