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2013 World Economic Forum in Davos, Switzerland (LIVE FEED)

Leaders of business and state, Nobel laureates, technocrats, royalty and academics are in Davos, Switzerland for their annual World Economic Forum.

World economic forum jp morganEnlarge
Swiss banking giant UBS board of director Chairman Axel A. Weber (R) listens to JP Morgan Chase chief executive officer Jamie Dimon on Jan. 23 in Davos. (Johannes Eisele/AFP/Getty Images)

Leaders of business and state, Nobel laureates, technocrats, royalty and academics are in Davos, Switzerland for their annual world economic forum, which began Tuesday evening, and is now in its 43rd year running. 

Some like Vineet Nayar, writing in the Times of India, are critical of the world forum. Nayar rhetorically asks, "Why does a congregation attended by so many, so very important people produce so little?"

Andrew Ross Sorkin pointed out in The New York Times that predictions made in Davos are often wrong. 

"The wisdom of this crowd of the global elite may not be the most accurate," he wrote, adding, "all too often they fall short."

Of course the World Economic Forum describes itself differently: 

"The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas."

Most see Davos as a good business opportunity, a chance to rub elbows with the world's economic and political elite in many of the open forum sessions. But if you can't attend (like most of the world), here's a live feed.

http://www.globalpost.com/dispatch/news/business/130123/davos-2013-world-economic-forum-davos-switzerland