Davos in the Media: The Forum Draws Some Heat
Adding to the list of no-shows, President Luiz Inácio Lula da Silva of Brazil is shunning the World Economic Forum this week and the chance to hobnob with business leaders and heads of state. Instead, he will join more than 100,000 people from around the world at an anti-capitalist jamboree in the Amazon.
President Lula’s government is spending 78 million reals, or $34 million, to bring groups from 59 countries to the 8th World Social Forum. They include a sex-workers’ union from India and Belgians seeking to abolish the World Bank.
Go to Article from Bloomberg News via The International Herald Tribune »
His decision, however, didn’t go over well with the editorial board of the Latin Business Chronicle.
“At a time when Brazil is entering a significant economic slowdown, Lula disappointingly prefers hobnobbing with anti-Capitalist demagogues instead of vitally-needed foreign investors,” the newspaper said in an editorial Friday.
Go to Article from the Latin Business Chronicle »
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