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Stage sets for WEF Davos, but some big players absent

Video Credit: Reuters Studio - Duration: 01:45s - Published < > Embed
Stage sets for WEF Davos, but some big players absent

Stage sets for WEF Davos, but some big players absent

The big theme of this year's World Economic Forum in Davos will be 'Globalization 4.0', But as Laura Frykberg reports, some of the world's biggest leaders won't be there to discuss it.

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Stage sets for WEF Davos, but some big players absent

Each year, the big names in business and politics..

Descend on the World Economic Forum in Davos..

But this year a few of the biggest members of the world elite are missing..

(SOUNDBITE) (English) PRESIDENT OF THE WORLD ECONOMIC FORUM (WEF), BORGE BRENDE, SAYING: "We fully understand that President Trump will have to stay in D.C.

As long as the government is facing this shutdown.." Not only the leader of the world's largest economy..

But also the fifth and sixth biggest... UK Prime Minister Theresa May and French President Emmanuel Macron are both too busy with the business of Brexit and anti-government unrest.

(SOUNDBITE) (ENGLISH) THOMSON REUTERS EDITOR-AT-LARGE, AXEL THRELFALL SAYING: "Each of these leaders has there own issues at home that they need to focus on and be seen to be focussing on.

And I think a trip to the mountains would send the wrong message to the electorate." Those issues are - at least - linked to the main topic of this year's Forum... dubbed by founder and chairman Klaus Schwab..Globalisation 4.0... Looking at how technological disruption, unilateralism and economic and trade warfare are changing our world..

(SOUNDBITE) (English) FOUNDER AND EXECUTIVE CHAIRMAN OF THE WORLD ECONOMIC FORUM (WEF), KLAUS SCHWAB, SAYING: "Globalization produced winners and losers.

There were many more winners in the last 24, 25, 30 years, but now we have to look after the losers, after those who have been left behind.." That's the question that will be discussed by business and the 65 other leaders still going..

Including the U.S. Secretary of State and Treasury Secretary who will replace Donald Trump.

Climate change too will feature high on the agenda...That's if they all can get there The area was recently cut off by heavy snowfall... Reportedly the worst Europe's suffered in decades.




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