"For decades, the World Economic Forum in Davos was a symbol of global cooperation. Today, its relevance is questioned. The annual pilgrimage of the world's political and corporate elite to the World Economic Forum in Davos has come at a critical point. Geopolitical tensions are at fever pitch. The US is led by a president openly sceptical of multi-lateral cooperation and open trade. Donald Trump is using tariffs as a tool for economic and political leverage, threatening to dismantle the global order."
"Critics say the summit is long on talk and short on action. But supporters say keeping rivals talking may help contain some of the world's biggest problems. And who pays to rebuild Gaza? Plus, Iran's economic crisis."
For decades the World Economic Forum in Davos served as a symbol of global cooperation. The annual gathering of political and corporate leaders now occurs amid intense geopolitical strain and questions about its continuing relevance. The United States leadership exhibits skepticism toward multilateral cooperation and open trade, while the Trump administration employs tariffs as leverage that threatens established global arrangements. Critics characterize the summit as heavy on rhetoric and light on concrete measures. Advocates argue that maintaining channels of dialogue among rivals can help manage major global problems. Additional urgent issues include financing Gaza's reconstruction and Iran's mounting economic crisis.
Read at www.aljazeera.com
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