When the World Economic Forum (WEF) assembled in Davos last year, the delegates were in shock. Donald Trump had just been elected as president of the US and Britain had recently voted for Brexit.
Globalisation’s steady integration of trade, markets and governance is embraced as inevitable and desirable by most of the Davos crowd, yet the very idea seemed under siege in the Trump-Brexit era. Steve Bannon, who was about to enter the White House as Mr Trump’s senior adviser, had styled his ideological enemies the “party of Davos”.
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Categories: Economy, Europe, Switzerland