Mark Malloch Brown, co-chair of the WEF Commission on Business and Sustainable Development, told CNBC that geopolitical issues affecting Europe, such as migration, needed more attention and political leaders could use Davos as an opportunity to discuss them.
"Europe is a bundle of unresolved political crises at the moment, of which probably the most important is migration. But it's the political implications of migration, both in Europe and its neighborhood, and the failure to tackle the roots of the mass-movement of people both in the Middle East and Africa – all of that poses a fundamental threat to the whole European ideal."
Blackstone's John Studzinski noted that there was a danger that Europe was threatened as a result or polarization between left and right-wing groups in Europe, a split which has been accentuated by the migrant crisis.
"Europe has got to start listening to itself and try to hold its vision together because it is one of the great success stories of the last 40 years but there is a need for a little more listening and cross-border collaboration. Right now we have the opposite, with people putting up borders because of the refugees and developing local populist and nationalist views and that is the recipe for a lot of trouble."