BUSINESS leaders and politicians have descended on the small Alpine town of Davos for the annual World Economic Forum (WEF).
Let’s take a closer look at what happens during the event and which leading global figures will be in attendance.
Davos is a small town in the Swiss Alps which is around 92 miles southeast of Zurich.
This year, the World Economic Forum is being held from January 23 until 26 and is welcoming some of the world’s most powerful people.
The event was first held in 1971 and was originally named the European Management Forum before being renamed in 1987.
CEOs of multinational corporations mingle with world leaders and A-list celebrities to discuss a range of topics such as the global economy, commodity prices and environmental issues.
Attendees take part in panel discussions, on-stage interviews and listen to keynote speeches.
While economists, politicians and journalists are invited, businesses have to pay around $40,000 to send a single delegate to the event, CNN reported in 2014.
US President Trump is set to deliver a speech on the last day of the event.
The billionaire is to be among 70 heads of state or government who are expected to be on hand, along with hundreds of business executives, academics, government officials, and artists.
Other leaders attending are UK Prime Minister Theresa May, French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau.
A recent survey by the World Economic Forum appeared to criticise Trump and his ferocious brand of “strongman” politics.
The report said that more than nine in 10 experts are worried about worsening economic or political confrontation between world powers, amid a trend toward "charismatic strongman politics."
WEF said four in five survey respondents expect rising risks "associated with war involving major powers."
The report said geopolitical risks have been exacerbated by falling commitment to "rules-based multilateralism."
It noted how President Trump "delivered on some of his unilateralist campaign pledges" by pulling the US out of the Paris climate accord and a trans-Pacific trade pact.
It also said "identity politics" could fan geopolitical and domestic risks.
"Charismatic strongman politics is on the rise across the world," said the report.
"In addition to the 'America First' platform of President Trump, variations on this theme can be seen in numerous countries from China to Japan, Russia, Turkey, Saudi Arabia, the Philippines and elsewhere."
The report also said last year's clash of "strong-state instincts" of Trump and North Korean leader Kim Jong-un "has created uncertainty about the strength of the norms created by decades of work to prevent nuclear conflict."
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