Backgrounder: World Economic
Special Report: Premier Wen's "trip of Confidence" to Europe
DAVOS, Switzerland, Jan. 28 (Xinhua) -- The World
Economic Forum (WEF) opened in Davos Wednesday with an aim to address the
current economic crisis and other global challenges.
Flags and logo of the World Economic
Forum (WEF) are seen at the conference center in Davos, Switzerland, Jan.
26, 2009. (Xinhua Photo)
five-day annual meeting is expected to attract more than 2,500 representatives
from 96 countries, including a record 43 heads of state or government and 1,400
business leaders, organizers said.
"A lot of discussions will be devoted to the present
crisis management, and how to get out of the crisis," said Klaus Schwab, founder
and executive chairman of the WEF.
The world is now facing a number of complicated
crises, most notably the financial and economic crisis, he said.
But he also noted a system crisis, because of which
the world is not capable any more of coping with "the complexity of today ",and
a confidence crisis which is affecting banks and companies.
"We have to change or adapt the system." he said.
Among the world leaders attending the meeting,
Chinese Premier Wen Jiabao and Russian Prime Minister Vladimir Putin will
address participants on the first day of the meeting.
German Chancellor Angela Merkel, British Prime
Minister Gordon Brown and Japanese Premier Taro Aso will also address the
A number of other global risks were also listed on
the agenda including climate change, food and water security.