World Economic Forum Will Showcase Confident Leaders

The crisis of the past few years may well be behind us now, so say many of the business owners and leaders who participate in the WEF (World Economic Forum) held each year. This year the non-profit Swiss foundation will hold its annual meeting from January 26 through the 30th at the eastern Alps region as usual, in Davos Switzerland. Political leaders from around the globe, along with economists, journalists, intellectuals, and top businessmen will converge to discuss world issues ranging from finances to the environment and world health. Business opportunities will grow based on confidence in the world’s future.

The world’s recent financial crisis may be a thing of the past

As the world returns to normal as far as finances and the economy goes, there is an increased feeling of high expectations for a brighter future to be found in 2011. It has been said in a survey that 2010 was the year for investing and 2011 will most likely be a pivotal year in which to make money once business CEO’s emerge from their past “bunker mentality” and regain confidence in their operations and business dealings. The global credit crunch that has been oppressing financial dealings around the world since 2008 has been showing signs of weakening the past year and 48% of the business leaders express high hopes in the future of high finance for the foreseeable future.

Asia may prove to be the driving force due to expansive growth

Emerging markets such as China and other Asian countries including India, Thailand, Paraguay, and Colombia are progressing rapidly in the world of financial development they will prove to be extremely capable of forcing the world’s economy into high gear and help bolster confidence in top leaders of the financial world, including their own. Many bosses in Western Europe show less confidence in the performance of companies of the area, although eighty percent of top leaders in Germany and Austria have high expectations and confidence that their company will perform exceptionally this year and forward. Among the most successful leaders are those who can look beyond the recession and see a brighter future ahead. Other emerging marketplaces showing high potential for rapid growth in the near future include Africa, Latin America, as well as the Middle East.

As major exporters the U.S. and Europe are less dominant than before

When Africa and Latin America increased in importance as top exporting countries for places like India, the domination of that area of trade by both U.S. and European countries weakened and they fell behind. Expanding a country’s exportation means job expansion and investment in the future of that area of the world. More jobs are expected to be created in the coming year and over half of the company bosses say they plan on increasing staff by hiring. Just a year ago that figure was only around thirty nine percent and another sixteen percent still had plans to cut some jobs.

Chief executives fret over budget deficits at the government level as well as unsettling economic levels, lack of skilled workers, and over regulation. The fact remains that much of the world has issues with shortages in many natural resources, political instability, and even the changing climate only contributes to the worries on CEO’s over burdened shoulders.

Surveys conducted conclude the world’s economy remains at risk

With rapidly growing populations raising the demand for water, energy, and food by an estimated thirty to fifty percent by the year 2030 a Global Risks for 2011 survey speculates on the success of emerging countries and states the world is not in a position to face up to new major shocks and we need to take it a bit slower to avoid further collapse of the world wide economy. The meeting this week at Davos will prove to be an interesting one this year where some two thousand top business as well as political leaders will converge.

Commodity prices often foretell the future

When prices of the “basics” soar to new heights they often display predictability when it comes to where the world’s economy is heading. Prices have risen on items such as corn (up 52%) Coffee (up 77%) and cotton (up 84%) in the past few years making for a volatility that brings out the “worry wart” in economists. As the world’s population increases there will be ever higher demand for those basics such as water, increasing by 30%, food increasing by 50%, and energy usage higher by 40% or even more.