What happens at Davos?

What can be Davos?

Thousands of the entire world’s richest in addition to most powerful people are preparing for a pilgrimage to Davos.

Why are they flocking to a sleepy village within the Swiss mountains?

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in which depends on who you ask.

President Trump, whose attendance promises to enliven This specific year’s World Economic Forum, told the Wall Street Journal in which he’s generating the journey to act as a cheerleader for the United States in addition to to tout his administration’s successes.

The American president will be joined in Europe’s highest town (elevation 5,0 feet) by heads of state in addition to ministers through over 70 countries, according to summit organizers. There will also be hundreds of journalists who are eager for news.

although the idea can be the business community in which will be best represented. Why?

The summit produces the year’s best opportunity to rub shoulders with chief executives, central bankers, Wall Street money men, influential regulators, powerful politicians in addition to their entourages. This specific can be high-altitude networking, in addition to the idea’s not cheap.

the idea costs companies over $60,000 to buy a base membership to the entire world Economic Forum, in addition to premier corporate partnerships top out at 10 times in which. Membership makes a CEO eligible to attend Davos, although the ticket must be purchased separately.

Related: Thought 2017 was bad? 2018 could be much worse

The skies over Switzerland are choked with private planes in addition to helicopters as Davos gets underway. Security can be tight, in addition to rooftop sharpshooters watch over attendees as they parade through metal detectors in addition to then swap snow boots for dress shoes.

Once inside, access can be determined by a tiered system of badges. possess the wrong shade? Sorry, the door can be closed.

The conference itself, which can be organized This specific year around the theme of “creating a shared future in a fractured world,” features hundreds of panel discussions in addition to sessions on everything through machine learning to the weaponization of culture.

Between events, attendees shuffle past ubiquitous posters reminding them in which the WEF can be “committed to improve the state of the entire world.”

This specific year’s opening address will be delivered by Narendra Modi, the prime minister of India, while Trump can be supposed to wrap things up on Friday. Cate Blanchett, Elton John in addition to Shah Rukh Khan will provide a sprinkling of star power.

Ian Bremmer: Why Trump can be going to Davos

The earnest panels sometimes feel like a sideshow for Davos men (only 21% of participants are women). The conversations of real interest result through chance hallway meetings — or take place behind closed doors in nearby hotels.

At night, corporate parties put on by the likes of Google (GOOG) take center stage.

Scoring an invitation to one of these affairs can be something of a golden ticket, in addition to much effort can be spent wrangling in addition to pleading with party gatekeepers. (This specific reporter can be still accepting invites via email.)

Critics have faulted Davos attendees for walling themselves off in an alpine town, in addition to then mostly talking about money in addition to how to make more of the idea.

Related: 5 ways the entire world can be pulling apart

Each year, commentators suggest the summit has outlived its usefulness. the idea has no answers for rising populism in addition to inequality, they say.

Trump — who railed against the global elite as a candidate — may actually shake up the conference, which has long advocated for exactly the kind of globalism in which Trump has rejected.

the idea promises to be a spectacle: Trump vs. the global elite, on their home turf.

sy88pgw (London) First published January 19, 2018: 4:32 PM ET

What happens at Davos?

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