Instead of globalization, the power of protectionism is putting its head up, said PM Narendra Modi at WEF Davos 2018. A year ago, Xi, speaking days before Trump was inaugurated, staked out China’s position as the world’s economic powerhouse, promising a greater openness to globalization. Modi arrived in Davos on Monday for a one-day trip. In his speech, Modi laid out three big challenges facing the world: climate change, terrorism and growing protectionism. Modi said climate change was a major threat to the world, yet the world had failed to come together to tackle it.

Source: Mint January 23, 2018 13:33 UTC