Davos Annual Meeting 2011 - What Is the New Economic Reality?

http://www.weforum.org 26.01.2011
The notion of a "new normal" is premature given the fragility of the global economy, but the elements of a new economic reality appear to now be in place.

In partnership with the World Economic Forum, Time magazine hosts this debate focusing on the elements of the new economic reality.

• Azim Premji, Chairman, Wipro, India
• Nouriel Roubini, Professor of Economics and International Business, Leonard N. Stern School of Business, New York University, USA; Global Agenda Council on Fiscal Crises
• Sir Martin Sorrell, Chief Executive Officer, WPP, United Kingdom
• James S. Turley, Chairman and Chief Executive Officer, Ernst & Young, USA
• Min Zhu, Special Adviser, International Monetary Fund (IMF), Washington DC; Member of the Foundation Board of the World Economic Forum; Regional Agenda Council on China

Moderated by
• Michael J. Elliott, Editor, Time International, and Deputy Managing Editor, Time Magazine, USA

Category:

News & Politics

Tags:

• WEF
• World
• Economic
• Forum
• Annual
• Meeting
• 2011
• Davos
• Davos11
• commentary
• analysis
• news
• Outlook
• global
• economy
• Azim
• Premji
• Nouriel
• Roubini
• Sir
• Martin
• Sorrell
• James
• Turley
• Min
• Zhu
• Michael
• Elliott

[calorus]

Mr Turley says that the rich's demonisation has led to a reduction in jobs creation. This is far from the case. The demonisation came in the wake of the business catalysed implosion of the world economy and the employment contraction which accompanied the fallout.

People -- workers -- as Philip Jennings said, want a seat at the table and to be treated as assets, rather than liabilities.

[micemous1]

i think we need more meeting about economy

[donie20010]

WATCH HOW THE ULTRA-RICH ARE PROFITING FROM THESE TIMES OF ECONOMIC CHAOS

*** economicwarning.blogspot.com ***

[KarthikSoun]

Another stupid talk shop that never predicts anything!

[doodo30920]

I wonder how you make the subtitle with a box behind?

[amalchain]

the global perception that India and China are future superpower is based on just the growth story...but with the present perception of corruption being levelled at the govt will and are undermining our capability to tackle various issues which inturn will have enormous impact on the India's future growth...we need investment and growth to bring our economy at the top

[wewantmoreparty]

Go back to the gold standard !!!!

[TulaiMr]

America's effort to go global now means that we listen to and partner with tyrants and Communists. Little by little we adopt their failed ideas and failed systems. That is why we have moved from two hundred years of prosperity to a head long drop into economic depression and massive losses of freedom. Trying to be like social democracies in Europe will be our downfall. Partnering with the totally corrupt, Communist U.N. will further destroy us.

[Juvenal4668]

Great selection of speakers, all thoughtful and to the point. I was particularly impressed by Sir Martin Sorrell's honest appraisal of corporate boards. Profits are increasing so, as long as there is uncertainty about future trends, why spend money on building plant or hiring back workers? Although it's a pity he then undermines his own point by blaming unskilled workers,when he's just said companies don't wouldn't hire them anyway.

[TheAfrikaanerMP]

I wonder if they will ever actually acknowledge that they cause the majority of economic ill's....

[zeitgeistsrbija]

The Zeitgeist Movement (TZM) brought up some Real and Tangible Solutions to ACTUALLY SOLVE OUR ECONOMICAL, SOCIAL & ECOLOGICAL CRISIS - to know more about it, watch: "Awakening - Multilang - 1/4" (short video) and "Zeitgeist Addendum". Both of them are on YouTube. The SOLUTIONS presented in both videos are already being applied and they have already been proved to work in the short and long run. It's about time to expand/spread it World Wide.