The world economic crisis may have eliminated much of the glamor from Davos – Angie, Brad and Bono all canceled this year – but this may be one of the more important meetings.

WEF founder Klaus Schwab told the IHT today:

“The pendulum has swung and power has moved back to governments,” said Klaus Schwab, the German-born economics professor who founded the World Economic Forum in 1971 and has been its impresario ever since. “This is the biggest economic crisis since Davos began.”

That Davos gathers many of the world’s top government and financial leaders in one place at this time of crisis should make for an interesting meeting.