Tag Archives: WEF

France`s President Macron is a promoter of globalization and openness and he will give a speech in Davos on Wednesday

France`s President Emmanuel Macron is expected to give a speech at the World Economic Forum in Davos tomorrow. He will speak to world leaders and business people and try to sell and promote a pro-European agenda and greater integration and reform while extolling the benefits of free trade.

The theme at Davos this time is «creating a shared future in a fractured world.» Macron is a promoter of globalization and openness, but he is also trying to protect people from the negative consequences of it.

Macrons popularity has bounced back in recent weeks despite what opinion polls show is an image of «president of the rich.» The speech on Wednesday will be Macrons first speech at Davos as President since his election last May.

Last year, Chinese President Xi Jinping were holding a speech about globalization. Now, Macron will be the face of Europe. A man who is pro-business representative for the EuroZone at a time of economic recovery and stability after years of crisis.

Macron defeated Le Pen and prevented a far-right government in France last year when he won the election, and I think he would be more than welcome among the business leaders in Davos this time.

He is a reformist who turned back the Le Pen populist wave and he has turned French politics upside down. Many leaders claim that Macron is the last hope for structural change.

His plans to reform Europe and the EuroZone is ambitious, and for Europe it is an important charm offensive.

Macron won the French election in May last year, and he has vowed to shake the French economy out of its torpor. He has, like President Trump, slashed wealth taxes and levies on capital gains. He has also pushed through reforms to the country`s famously rigid labour laws.

According to a survey from November 2017, a record 72 percent of US investors were optimistic about the French economy, which is a huge hike against 30 percent in 2016.

Mr Trump will try to sell his «America first» agenda while Macron will speak about his «Choose France». Google and Facebook are invited to Macron`s gathering. So are Alibaba, Siemens and Coca Cola to name a few.

Francois Hollande and Nicolas Sarkozy have held similar gatherings of CEOs in Davos, but Macrons conferance goes far beyond those hosted by Hollande or Sarkozy. Sarkozy hosted 25 CEO`s in 2011, while the Socialist Hollande hosted 34 world business leaders in 2014.

Macron and his team has invited 100 CEO`s of the biggest world companies. He has so far been carving out an active role on the world stage and he will use his speech to «propose his international vision for the world of tomorrow.»

German Chancellor Angela Merkel will speak the same day and that is two days before Mr Trump. What Macron will talk about is growing inequality, the need for better environmental protection, and global governance in the face of nationalism and extremism.

The economic outlook has improved, but 9 in 10 of those surveyed at Davos, said they expect political or trade clashes between major powers to worsen. 80 percent saw an increased chance of war.

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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World Economic Forum`s motto is “Committed to improving the state of the world,” and President Trump will attend

Every year at the end of January, it is time for World Economic Forum (WEF) in Davos. The forum was founded in 1971 by Klaus Schwab. A German-born business professor at the University of Geneva. First named the “European Management Forum”, and then it changed its name to the World Economic Forum in 1987.

Its mission is cited as “committed to improve the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”. President Trump is a business man and he will join the elite at the forum in Davos this time.

The meeting at Davos is synonymous with wealth and elite prestige and Presidents have therefore been concerned to participate because it would send wrong signals. Mr Trump will be the fist sitting President since Bill Clinton in 2000 to attend. Mr Trump is a business man and have an agenda. A message.

That being said; don`t forget the forums motto: “Committed to improving the state of the world.”

Mr Trump is finish with his first year as a President at the White House, and so far he has done a lot of good things, not only for the USA, but also for the rest of the world. But this is only the beginning.

The meeting in Davos brings together some 2,500 top business leaders, international political leaders, economists, and journalists for up to four days to discuss the most pressing issues facing the world.

But Trump`s agenda is not to make the world great again, but the USA. He will also try to sell his «America first» agenda to the world leaders. It is not difficult to understand that he also want to promote his policies to strengthen American businesses, their industry and their workers.

What Trump is doing in the U.S will also affect the rest of the world. For instance, a corporate tax cut in the U.S will also affect other countries. For all I know, maybe other countries will follow his strategy and cut the taxes as well.

Trump is also a great negotiator and he told Stoltenberg at NATO to pay the bills to the U.S Navy, and you know what; they did. This is brilliant. He is making USA more safe, but also NATO members and the European Union more safe.

I think Mr Trump will try to sell his economic growth agenda on the world stage and speak with the World Bank and the IMF, and I really look forward to his speech. It can be full of surprises. His administration said that Trump`s delegation to Davos will be large.

Mr Trump recognized Jerusalem as Israels capital. That can also be an issue if you think of the forums motto: “Committed to improving the state of the world.” We have seen this before.

At the 1994 annual meeting, Israeli Foreign Minister Shimon Peres and PLO chairman Yasser Arafat reached a draft agreement on Gaza and Jerico. Two years earlier, South African President F.W de Klerk met with Nelson Mandela and Chief Mangosuthu Buthelezi, which was the first joint appearance outside South Africa.

North Korea was invited to Davos in 2016, “in view of positive signs coming out of the country,” the WEF noted. North Korea has not been attending the WEF since 1998. The invitation was accepted but after their nuclear test on January 6, 2016 (only days before the meeting), the invitation was revoked.

North Korea`s delegation was made subject to “existing and possible forthcoming sanctions.”

The country protested and called the decision by the WEF managing board a “sudden and irresponsible” move, but the WEF committee maintained the exclusion because under these circumstances there would be no opportunity for international dialogue.

Last year, a head of state from the People`s Republic of China was invited to the alpine resort. With the backdrop of Brexit, an incoming protectionist US administration and significant pressure on free trade zones and trade agreements, President Xi Jinping defended the global economic scheme, and portrayed China as a responsible nation and a leader for environmental causes.

President Xi Jinping rebuked the current populist movements that would introduce tariffs and hinder global commerce, warning that such protectionism could foster isolation and reduced economic opportunity. This is still a hot potato.

Two year ago, the forum announced the opening of its new Center for the Fourth Industrial Revolution in San Francisco. They said the center will “serve as a platform for interaction, insight and impact on the scientific and technological changes that are changing the way we live, work and relate to one another.” Great news at that time.

What about the crypto currency revolution? The cryptobank boom? All this decentralized coins and banking industry with tokens and their «smart contracts» that is flooding the market. Will the world leaders talk about it, and will the central banks answer with a centralized version in the future?

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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High quality Polo shirt with Shinybull logo. This version is made from breathable 100% cotton. Short sleeves and ribbed armbands.

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