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Discreet Power: How the World Economic Forum Shapes Market Agendas

Contributor(s): Garsten, Christina (Author), Sörbom, Adrienne (Author)

ISBN: 9780804794145

Publisher: Stanford University Press

Hardcover
$120.00
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Pub Date: July 10, 2018

Dewey: 337

LCCN: 2017050969

Lexile Code: 0000

Features: Bibliography, Index

Target Age Group: NA to NA

Physical Info: 0.90" H x 9.10" L x 6.30" W ( 1.10 lbs) 240 pages

Series: Emerging Frontiers in the Global Economy

Descriptions, Reviews, etc.

Description:

In Discreet Power, Christina Garsten and Adrienne Sörbom 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 Sörbom 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.

Review Quotes: "Between raw forces of the global economy and disordered world politics lie organizations that are neither political nor economic. The World Economic Forum is central among these structures. Garsten and Sörbom give a most impressive depiction and analysis of its role--responsible but undemocratic--in what is now called global governance."--John W. Meyer, Stanford University

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