Davos lessons

Trump’s return heralds new era of harsh global competition

Heather Stewart

In the heady mountain air of Davos last week, away from the parties and the back-slapping tech bros, another, more beleaguered crew touted their wares: the multilateralists. On the sidelines of the World Economic Forum, representatives of aid agencies, development banks and multilateral lenders grabbed a moment with the many world leaders present, vying for attention among the glitz. But at a summit dominated by the second coming of Donald Trump, and where the overwhelming concentration of power in the hands of a few giant corporations was blatant, theirs seemed like voices from another age. Trump’s arrival in the White House cements a shift that began even before his first term: away from the march of globalisation, towards a more fragmented world. Russia, once welcomed into what became the G8,…

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Guardian Weekly (Digital) - 1 Issue, 31 January 2025

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