To Professor Klaus Schwab, Executive Chairman of the World Economic Forum:

I am very grateful for your kind invitation to address the annual meeting of the WorldEconomic Forum, which, as is customary, will be held at Davos-Klosters at the end of this
month. Trusting that the meeting will provide an occasion for deeper reflection on the causesof the economic crisis affecting the world these past few years, I would like to offer some
considerations in the hope that they might enrich the discussions of the Forum and make a usefulcontribution to its important work.