Part 2/8:
For many years, the WEF represented the pinnacle of discussions surrounding capitalism and globalization, frequently promoting free trade agreements that left American workers feeling sidelined. However, recent trends indicate a potential shift in priorities. The former president, Donald Trump, has been vocal about pursuing better trade relations, exemplified when Vietnam signalled its intentions to implement 0% tariffs.
This change in dialogue could provoke anxiety among WEF stakeholders as the stock market reacts to new directions and uncertain outcomes. With Schwab’s departure, there are questions about whether the WEF can reclaim relevance and forge a path forward, especially as investigations into its practices emerge.