Bollywood has been big at Davos during the past few years, but thats not all India will be bringing to the table this year. China too has their very own version of a summer world economic forum in Dalian, north-east China, but that doesn’t mean their presence amidst western corporate honchos will be any less. Instead, developing nations such as China and India have turned up in larger numbers and have come to the World Economic Forum in the snowy swiss mountains with a concrete agenda and determination to see it through.
Representatives of developing nations were earlier welcomed to the WEF as aid recipients, people who were around but never really mattered. , Post the worst economic crisis since WWII that threw most of the developed world into recession, developing nations such as the BRIC countries are being given a lot more respect, and are rather being treated as partners in the global economy. In fact, both Chinese First Vice Premier Li Keqiang and top Indian cabinet member Kamal Nath, are expected to be highly sought after for their comments this year.
Some of the main topics expected to be discussed at Davos this year are – trade protectionism by developed countries, the energy supply, infrastructure development, the growth of Africa, the US-China relationship, global debt and deleveraging the economy, climate change and how to sell to the rising middle class in developing nations.
Further, highlighting the importance of the region, as Asia leads the world in global economic recovery, bringing to the fore its 580 million consumers, regional integration, domestic production and consumption, Ho Chi Minh, Vietnam’s capital will host a WEF specifically on East Asia from the 6-7 June, 2010.