Davos parties amid the gloom


February 8, 2012

The Star-Karim Raslan on Davos 2012-February 7

Davos parties amid the gloom

by Karim Raslan

The notable absence of a big Chinese delegation at the Davos World Economic Forum due to the Chinese New Year season gave the South-East Asian nations the opportunity to shine.

I’m hardly your quintessential Davos Man but I do enjoy my trips to the World Economic Forum (WEF), where I chair the Global Agenda Council on South-East Asia.It’s not only the chance to hobnob with the global elite, but also get a sense of where the world is heading.

Davos this year was a blur, though. Perhaps it was because my schedule was packed, or maybe it was because I was recovering from the flu. Whatever the cause, my week in Switzerland was a whirr of images and sensations.The sense of gloom among the world’s players seemed to have become de rigueur after years of slow growth.

Nevertheless, it didn’t put a stop to the countless expensive networking parties at WEF. I guess austerity doesn’t apply to the rich and powerful. Also notable was the absence of a big Chinese delegation because of the Chinese New Year season.

This gave the chance for other East Asian nations to shine.Thai Premier Yingluck Shinawatra (right) led a large, well-received delegation.After the twin distractions of political conflict and natural disaster, Thailand appears eager to promote the idea of its economic recovery. Shinawatra’s good looks more than compensated for the hesitancy in her delivery.

Indonesia, too, had a large contingent despite the absence of President Susilo Bambang Yudhoyono, a welcome sign that Indonesia’s corporate leaders are ready to engage the rest of the world alone.

I also spent time with a small Burmese entourage.They were basking in the country’s apparent rehabilitation, and we made plans to meet again in the future.

We Malaysians also hosted our own breakfast. It was attended by some 20 powerful international corporate and political leaders.The Malaysian star of the Aung San Suu Kyi biopic The Lady, Michelle Yeoh (left) also made an appearance to add both glamour and intelligence to the event – but I’m a fan and therefore biased.

Still, it was good to see that there was interest in Malaysia, particularly as a services hub. I also noted that the delegations from African nations were large although they pulled little weight compared to India or Brazil.

The events featuring British Prime Minister David Cameron and US Treasury Secretary Timothy Geithner caused little stir. Conversely, Brazilian Foreign Minister Antonio Patriota had a swagger about him as EU technocrats lobbied the BRICs for help to save Europe.

Still, there was an uneasy sense in the air that Europe’s fall is facilitating Germany’s rise.You could see German products everywhere, including the shiny Audis shuttling the VIPs between Davos and Klosters and VW vans for everyone else.

I even picked up a special edition Stern magazine celebrating the 300th anniversary of the birth of King Frederick the Great of Prussia, which hailed him as an “uber-Prussian”. Indeed, there seems to be a growing nostalgia in Germany for Frederick, who solidified Prussia’s power but was also renowned for his intellectual and cultural achievements, including founding Potsdam and patronising Voltaire.

Perhaps he reminds Germans of a time when they too were on the brink of great power, albeit untarnished by fascism.Is it more than a coincidence that Chancellor Angela Merkel (right) has described herself as “very Prussian” and has not shied away from promoting “German values”?

Whatever the case, Berlin with its Prussian milieu will almost certainly take its place as Europe’s premier capital – which means that this tukang cerita (story teller) will have to brave the Brandenburg winter at some stage to get a sense of the city as well as German aspirations.

There were also encounters, whether planned or chance.At Davos’ Indonesia Night, I wolfed down nasi goreng with Mukhlis of Antara and Uni Lubis of ANTV, discussing the possibility of the republic developing its own “soft power”.

At a quiet bar later on, I gossiped with my Financial Times columnist friend Gideon Rachman about the prospect of a Eurozone collapse.I even remember trying to locate the Occupy WEF igloos. I spent a good hour trudging through the snow (which was metres high, by the way), before giving up because of the cold and damp.

One afternoon I slipped away from the conference and took the small funicular train to the Schaltzalp Hotel high above Davos.There – amid the echoing halls of a fin de siecle “grand” hotel – I imagined the world of Nobel Laureate Thomas Mann as well as the immense, enveloping silence of the Alpine scenery, swathed in snow as I stood on the hotel’s terrace.

Finally, there was a moment when I was collecting my overcoat at the Morosani Schweizershof hotel’s cloakroom.I paused because I remembered that it was here, last year that I saw Saif al-Islam Gaddafi (left), the son of the late Libyan dictator Muammar Gaddafi.

Back then, Gaddafi was the gadfly of the Arab and African worlds, while Saif was his modernising son and the toast of policy wonks everywhere. Today the father is buried somewhere in the Libyan desert and Saif is in a prison in Zintan.

It’s a sign of how times change, but also how swiftly Davos moves on. You can be everybody’s golden boy one minute and a pariah in the next. But that’s how the world turns.

10 thoughts on “Davos parties amid the gloom

  1. good article, I believe that south east asia has no reason to be gloomy. with all the resources have and good (if) governance they could become the future leaders.
    Fr. Merkel, by saying, she is very Prussian, meant the german values (Deutsche Tugenden) which is mainly work, diligence and discipline.
    on top of it the german people are down to earth, they believe that nothing comes from nothing, working hard and saving money and buying what one can afford.
    instead of blaming the germans it is appropriate for the other euro-nations, especially the PIGS, to tighten their belts and workhard and compete with them.

  2. reeperbahn,
    Frankly, it’s really not the time for austerity but to channel fund in a correct manner where it spurs growth. Keynesian theorem is not that bad all the time

  3. I like the way you glossed over the participation by Malaysia.May be we also need a PM who the good looks of the PM of Thailand.

  4. While the bloghost is recovering from over indulgence during the long holiday, Karpal Singh is now one step nearer to meeting his jailer and Shahrizat’ s son as executive director of NFCorp has thrown the gauntlet at MACC in its investigation by issuing a ridiculous statement that so long as the loan is repaid in full, taxpayers have no business asking them to account for their use of idle funds sitting in the company’s account due to the delay in the construction of abbatoirs.

  5. looes74, I agree with you. the germans being the Zahlmeister, are willing to pay and invest in Greece. for that the greeks have to trim down their spending. it has a bloated civil servce with comparatively high pay structure and other BENEFITS, corruption (sounds familiar? a la bolehland). the german govt and banks are paying, if Greece goes broke the banks have to be ‘rescued’ with taxpayers money. since the govt. has a responisibility towards its people they want to be sure that the money is well invested.

    the parallel to Malaysia; isn’t it why the malays and indians are scared of the chinese. because of their ‘Tugenden’ (virtues)? they being hardworking and good businessmen? you give them a piece of desert today and in a short time they’ll turn it into a blooming orchard! (we’ll praise the chinese today ……… tomorrow we’ll bash them 🙂

    austerity does not that the greeks must go hungry but a bit more thrift.

  6. Reeper, the Northern European nations, i.e Scandinavia, Germany, Switzerland, UK are doing pretty well. There have been some inklings that it is due to their Protestant Work Ethic and Frugality, first espoused by the philosopher & sociologist Max Weber in the early 20th century, subsequently reiterated by NYT in 2003. It is actually time to revisit this hypothesis, seeing that PIGS, is essentially Roman Catholic and Orthodox. The exception would be of course, teeny-weeny Iceland, with their frozen brains and fermented whale fat.

    There is probably more than a grain of truth when we compare the fiscal and fiduciary responsibilities in governance and economic foresight, if not a problem with the work culture itself.

    While we jaw on about the Eurozone crisis, Japan the fourth largest economy is still wallowing in it’s stasis and can’t seem to lug themselves out of their morass.

  7. CLF,sure the religion plays a significant role there, in my analogy to malaysia too. the tragic part is that it is a small portion of the people, who know a bit more than the average citizen, who swindle the masses who work hard to earn a living. these are the people who have to pay bribes to the upper class to get things done. which is the same with all the developing countries, the poor can’t afford not to work hard.

    the ugly side of capitalism is waiting for Greece and Italy to go broke so that they can slaughter wholesale what remains of the countries.

    Japan is wallowing in its dregs because of too much dependency on the country across the lake from here? my evil thoughts probably!

    yes, the Icelandic temperatures make their people lethargic. once I watched a procession of ants marching into our fridge(M’sia) through a defective sealing, the procession inside was moving relatively slower than that outside, resulting in a bottleneck at the entrance. funny insects; why do they only march in single file – a new act from pdrm and home minister?

    the corruption and abuse always starts at the top, the government and civil service. when buying fish always smell the fish head first because the rot starts there.

  8. I thought that when we talk about the ” they being hardworking and good bisinessmen” we are talking about those in the private sector only.

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