Discreet power : how the world economic forum shapes market agendas

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Bibliographic Information

Discreet power : how the world economic forum shapes market agendas

Christina Garsten and Adrienne Sörbom

(Emerging frontiers in the global economy)

Stanford University Press, c2018

  • : pbk

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Includes bibliographical references (p. [201]-215) and index

Description and Table of Contents

Description

In Discreet Power, Christina Garsten and Adrienne Soerbom undertake an ethnographic study of the World Economic Forum (WEF). Accessing one of the primary agenda-setting organizations of our day, they draw on interviews and participant observation to examine how the WEF wields its influence. They situate the WEF within an emerging system of "discretionary governance," in which actors craft ideas and entice formal authorities and top leaders in order to garner significant sway. Yet in spite of its image as a powerful, exclusive brain trust, the WEF has no formal mandate to implement its positions. It must convince others to advance chosen causes and enact suggestions, rendering its position quite fragile. Garsten and Soerbom argue that the WEF must be viewed relationally as a brokering organization that lives between the market and political spheres and that extends its reach through associated individuals and groups.They place the WEF in the context of a broader shift, arguing that while this type of governance opens up novel ways of dealing with urgent global problems, it challenges core democratic values.

Table of Contents

Introduction 1. Disentangling Discretionary Governance 2. Liquid Mandate 3. Setting Precedence 4. The Status Machinery 5. Mobilizing for the Future 6. Political Sway Conclusion: A New Narrative for Future Globalization?

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