Brazilian President Jair Bolsonaro will headline the first full day of the World Economic Forum in Davos, Switzerland, with a speech to political and business leaders.

The nationalist leader is attending an event that has long represented business’s interest in increasing ties across borders. But globalism is in retreat as populist leaders around the world put a focus back on nation states, even if that means limiting trade and migration.

After Bolsonaro’s speech on Tuesday, German Chancellor Angela and Japanese Prime Minister Shinzo Abe will address the gathering on Wednesday.

But several key leaders are not attending to handle big issues at home: U.S. President Donald Trump amid the government shutdown, British Prime Minister Theresa May to grapple with Brexit talks, and France’s Emmanuel Macron to face popular protests.

In this photo taken with a long shutter, the sign of the World Economic Forum is displayed at the entrance of the at annual meeting of the forum in Davos, Switzerland, Tuesday, Jan. (AP Photo/Markus Schreiber)
In this photo taken with a long shutter, the sign of the World Economic Forum is displayed at the entrance of the at annual meeting of the forum in Davos, Switzerland, Tuesday, Jan. (AP Photo/Markus Schreiber)
From left, moderator Andrew R. Sorkin, Senior Vice-President and Chief Financial Officer of Google Ruth Porat, Stephen A. (AP Photo/Markus Schreiber)
From left, moderator Andrew R. Sorkin, Senior Vice-President and Chief Financial Officer of Google Ruth Porat, Stephen A. (AP Photo/Markus Schreiber)

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