Live from Davos: IMD’s Julia Binder and David Bach cut through the headlines on geopolitics, AI, energy – and competing visions for the international order.

Recorded live on the final day of WEF 2026 in Davos, David Bach sits down with colleague and fellow IMD professor Julia Binder to unpack what shaped the week beyond the headlines – and why there is room for optimism.

Bach reflects on two competing visions now emerging in global affairs: a world driven by raw power, and an alternative he describes as values-based realism or principled pragmatism, insisting on “a commitment to democracy, the rule of law, human rights, free speech, self-determination, and respect for sovereignty” while recognizing and navigating the distribution of power and influence.

While discussions on sustainability and greater inclusion were less present on the main stage, Binder shares her assessment from behind the scenes: “It’s not that the sustainability conversation is dead. It’s happening under different terms. It’s reframed,” she explains. Many companies, she notes, are practicing quiet corporate activism: “We can’t speak out at the moment, but actually our actions do not just continue – we’re doubling down, we’re putting more money on the table.” Overall, a new logic dominates the transition: “those that will win the race for AI are the ones that manage energy better.”

Our Guest:

Julia Binder is the Director of IMD's Center for Sustainable and Inclusive Business, a Young Global Leader of the World Economic Forum, and the host of “Inside the Transition”. She works with organizations globally on transformation and helps leaders turn sustainability and societal challenges into strategic opportunity. LinkedIn - https://ch.linkedin.com/in/julia-k-binder