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...Davos. The Alps. The crunch of snow. the setting for Thomas Mann's gigantic novel The Magic Mountain and for the World Economic Forum's equally gigantic annual gathering of 2,000-plus business leaders, politicians, academics and other influential types. The hand wringing over the world's economic, social and political problems. The search for creative solutions. The schmoozing. The parties. And, this year, the waft of curry overpowering the heavy Schweizerdeutsch fare. India everywhere, said the signs, and it was. The Finance Minister, Palaniappan Chidambaram, and the Commerce and Industry Minister, Kamal Nath, turned up from Delhi...
...CHINA, just, but with India catching up fast, according to Augusto Lopez-Claros, who heads the World Economic Forum's competitiveness program. In his latest report, which measures national competitiveness using dozens of different criteria - from the quality of math education to the soundness of banks - China comes in at No. 49, one ahead of India. But the momentum is with the underdog: China dropped three places this year, while India moved up five, largely because of India's greater technological prowess. Both are marked down for corruption - a frequent refrain at Davos sessions this year - and a chronic lack...
...news to come: the world economy is on track to enjoy another bumper year in 2006 as this twin American-Chinese engine continues to power ahead. That upbeat forecast - albeit with some significant caveats - emerged from a lively discussion of Time 's Board of Economists at the World Economic Forum in Davos, Switzerland, last week. "The outlook is basically for another Goldilocks kind ofyear," is how Laura D. Tyson, dean of the London Business School and a former White House economist, summed it up. The U.S. economy is expected to slow somewhat but still grow at around 3%, while China...
...Merkel promised to introduce greater flexibility into the German economy and attack bureaucracy in an attempt to break out of what she called "our self-inflicted paralysis." But China's continuing boom and its uneasy economic relationship with the U.S. was a central preoccupation of this year's Economic Forum. "This locomotive has changed the whole structure of the global economy," said Zhu. "The U.S. and Japan are no longer the global growth engine." In Washington, U.S. officials have largely sought to tackle the lopsided relationship with China by calling on the Chinese to revalue their currency...
Robert Mitchell, a spokesman for Kirby, said the dean was in New York for a meeting today and could not be reached for comment. Summers is in Davos, Switzerland for the annual meeting of the World Economic Forum. John Longbrake, a spokesman for the president, said, “I won’t comment on rumors...