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Guest Essay

By Michael B.G. Froman

Mr. Froman is the president of the Council on Foreign Relations.

It’s been suggested that the World Economic Forum’s annual meeting in Davos, Switzerland, the embodiment of the global establishment, is dead. But reports of its demise are greatly exaggerated, or at least premature.

Much like the rest of the international system, Davos is entering a moment of transition that will determine whether it can adapt and retain its relevance. This year’s annual meeting, which began on Monday, will be a harbinger of just how much both Davos and the global system have learned to work with a United States that has fundamentally altered its view of what it means to cooperate.

Davos has evolved significantly since its........

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