A special report on global leaders

From: The world's water-coolers - Where the influential people meet and talk:

The world is a complicated place, with oceans of new information sloshing around. To run a multinational organisation, it helps if you have a rough idea of what is going on. It also helps to be on first-name terms with other globocrats. So the cosmopolitan elite—international financiers, bureaucrats, charity bosses and thinkers—constantly meet and talk. They flock to elite gatherings such as the World Economic Forum at Davos, the Trilateral Commission and the Boao meeting in China. They form clubs. Ethnic Indian entrepreneurs around the world join TiE (The Indus Enterprise). Movers and shakers in New York and Washington join the Council on Foreign Relations, where they can listen to the president of Turkey one week and the chief executive of Intel the next. The world’s richest man, Carlos Slim, a Mexican telecoms tycoon, hosts an annual gathering of Latin American billionaires who cultivate each other while ostensibly discussing regional poverty.

Davos is perhaps the glitziest of these globocratic gatherings. Hundreds of big wheels descend on the Swiss ski resort each year. The lectures are interesting, but the big draw is the chance to talk to other powerful people in the corridors. Such chats sometimes yield results. In 1988 the prime ministers of Turkey and Greece met at Davos and signed a declaration that may have averted a war. In 1994 Shimon Peres, then Israel’s foreign minister, and Yasser Arafat struck a deal over Gaza and Jericho. In 2003 Jack Straw, Britain’s foreign secretary, had an informal meeting in his hotel suite with the president of Iran, a country with which Britain had no diplomatic ties. But Davos is hardly a secretive institution: it is crawling with journalists. The other globocratic shindigs are opening up, too. Even Bilderberg has recently started publishing lists of participants on its website.

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