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It is not a new observation that business and political elites probably do themselves no favours by coming together at a building in the Swiss Alps, where Bond villain Ernst Stavro Blofeld would have a timeshare. But these days, with globalisation fraying at the seams, if not collapsing outright, discussion of steering us into a “new world order” appears less ominous and more out of touch.

BBC News economics editor Faisal Islam noted a “a whiff of ...

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