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Showing posts with the label Davos 2010

Global economic outlook!! - just gas!!!

After keen on Haiti problems, its time to move on with some serious stuff such as rethinking and redesigning, the topic for this year. People were keen to hear about “rethinking capitalism” by William George, professor of management practice, Harvard business school. “A sudden global recession, massive government bail-outs and a steep loss of public trust in corporations have forced a re-examination of the spirit and structure of capitalism. What elements of market capitalism should be rethought? “The discussion had this in their mind, and got some key points (as summed up in the website) The global financial meltdown has forced a critical re-evaluation of market capitalism • Despite its flaws, global capitalism has done enormous good for the world by bringing people out of poverty. But it must be improved to serve everyone in the system • Currently, we are in the middle of a financial crisis, an energy crisis and a job crisis, all of which result in a trust crisis. For capital...

Thanks to BBC - Day 1 in DAVOS!!!

Thanks to BBC, they have made my work much simpler. Though I couldn’t go and watch it live, I could get the live comments and updating from BBC. As we know the main theme for this year is shaping the post-crisis world. People were flowing into the snow mountain village of Davos, to attend the 40th World economic summit today. On the first day they are eager to what economic forecast would be presented, what are the bases to move forward amidst present economic downturn recovery. By 0900hrs, I got an update from BBC. It was from the founder of the World Economic Forum, Klaus Schwab. Mr. Schwab explained that, in this mass crash we have to help those have been affected and we have to find out the ways and rules so that it doesn’t happen in future. By 1015 an interesting update from BBC got everyone’s attention. The update says” A new survey conducted by PricewaterhouseCoopers suggests that business leaders are suffering a "crisis of confidence" and believe global economic recov...

Chennai to Davos!!! – Fly free!!!

Davos, a small municipality in Switzerland . World knows this place for 2 main reasons 1. World Economic summit, an annual meeting of global political and business elites; and 2. The home of the largest ski resort in Switzerland , serving as the site of the annual Spengler Cup ice hockey tournament. Ironically this place is been referred for both hot business (macro: economics) and cool sporting events. So, after hearing all these, I have decided to go there to watch “how all those big canons fire”!!! Not only that my country got invitation only after my birth date (What a coincidence! :P). But it is not possible for me to fly. One simple reason is am armature in the concept and I lag sponsorship to fly. But I didn’t give up the idea of following Davos. And one such initiative is this blog entry. I ll watch Davos, and will update you as a part of learning and sharing. So, our journey starts from Chennai to Davos will start in next few min. Yes, (I struggled a lot to put so many imagin...