INSUBCONTINENT EXCLUSIVE:
Klaus Schwab, founder of the World Economic Forum, will step down as executive chairman in January 2025, the WEF announced.At 87, Schwab
His exit prompts questions about global economic priorities.Schwab established the WEF in 1971, building it into a platform for 2,500
leaders annually at Davos
His stakeholder capitalism model, launched in 2020, engaged 1,600 businesses during the COVID-19 crisis.Supporters credit Schwab with
fostering trade and climate collaboration, driving cross-border investments
Hungary and India, tightened trade controls, reflecting skepticism of globalist frameworks
This backlash coincides with internal WEF challenges, including 2025 lawsuits alleging workplace misconduct, which dented its
president accelerates this shift, emphasizing domestic markets
tariffs on imports signal a mercantile focus, influencing allies like Brazil to prioritize local economies
cornerstone for multinational corporations, now competes with mercantile strategies
increasing tariffs by 2024.This tension impacts firms navigating regulatory changes
Supporters argue his vision stabilized markets during crises like 2008.As nationalist policies rise, the WEF must balance global cooperation
with respect for sovereignty to remain relevant
agendas, marks a pivot toward policies favoring national growth
