By ALEXANDRA STEVENSON
Many investors at the gathering in Davos, Switzerland, have struggled to make sense of recent political upheavals. CreditGian Ehrenzeller/European Pressphoto Agency
DAVOS, Switzerland — For the investors and market-movers at the annual World Economic Forum here, a threat lurks.
At cocktail parties where the Champagne flows, financiers have expressed bewilderment over the rise of populist groups that are feeding a backlash against globalization. In the halls of the Davos Congress Center, where many of the meetings this week are taking place, investors have tried to make sense of the political upheaval.
The world order has been upended. As the United States retreats from the promise of free trade, China is taking up the mantle. The stark shift leaves investors trying to assess the new risk and opportunities in the global economy.
“This is the first time there is absolutely no consensus,” said William F. Browder, a co-founder of Hermitage Capital Management who has been coming to Davos for 21 years. “Everyone is looking into the abyss.”
News, analysis and insight from Times reporters and editors.