The last Davos forum clearly indicated the end of the ‘Davos Consensus.’ The ‘Davos Consensus’ focused on what it proclaimed as the undisputed leaders of global development; that is, the Western countries and their allies, such as Japan, and the example they set out for other nations to follow and learn from. This consensus has collapsed as a result of increasing pressure
from the new emerging centers of power and today, it no longer exists.