World Economic Forum to open in Davos

The Swiss mountain resort of Davos is gearing up to welcome many of the world's political and business leaders for the World Economic Forum. This year's event hopes to shed its past elitist image, as the global economy still rears under high debts and pressures for environmental change.

A man enters the congress centre of the Alpine resort of Davos, the  venue of the World Economic Forum (WEF), January 26, 2010. The  annual meeting of the WEF takes place under heavy security measures  from January 27 to 31 in the Alpine resort, and will be attended  by top politicians, monetary policymakers and senior business  executives.REUTERS/Michael Buholzer (SWITZERLAND)

For the past 40 years, this snow-packed resort town has hosted a networking event for the world's most powerful brokers.

The founder of the World Economic Forum, Klaus Schwab, says leaders here must address growing unemployment and its impact on society.

Klaus Schwab, WEF Founder and Organizer, said, "What we want to achieve here is that business leaders but also political leaders are aware of this problem and of course foster in some way greater social solidarity."

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