World Economic Forum (WEF)

World Economic Forum (WEF)

What is World Economic Forum?

The World Economic Forum is the International Organization for Public-Private Cooperation. It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests.

What is the Objective of World Economic Forum?

The main objective of World Economic Forum is stated as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas".

What are the Significance of the World Economic Forum?

The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.

The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at the heart of everything it does.

The activities are shaped by a unique institutional culture founded on the stakeholder theory, which asserts that an organization is accountable to all parts of society.

The institution carefully blends and balances the best of many kinds of organizations, from both the public and private sectors, international organizations and academic institutions.

WEF Davos Agenda Summit, 2021

Organized by the World Economic Forum (WEF), the summit is often referred to as the congregation of the rich and powerful, is an annual event held at the ski resort of Davos in Switzerland, which sees the participation of world leaders, politicians, economists and business leaders.

The seven key themes are: How to Save the Planet, Fairer Economies, Tech for Good, Society and Future of Work, Better Business, Healthy Futures and Beyond Geopolitics.