No more heroes for the global elite

What does it say of the future when the previous stellar national leaders or industries of Davos have all lost their shine?

Everybody needs heroes - even Davos plutocrats. But the "global elite" is currently out of enthusiasm and ideas.

In the corridors of the World Economic Forum (WEF) last week, Harvard economist Kenneth Rogoff summed it up: "This is the flattest Davos I can remember. Normally, there is a star country or a star industry that everybody is talking about. But this year, there is nothing."

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A version of this article appeared in the print edition of The Straits Times on January 30, 2019, with the headline 'No more heroes for the global elite'. Print Edition | Subscribe