What Is World Economic Forum?

The World Economic Forum (WEF) is an international organization that meets every winter in Davos, Switzerland, to discuss global trade, economic development, political issues and important social issues. As the World Economic Forum is an international organization with no commercial interests, the Forum provides a platform for business, government and civil society leaders and various stakeholder groups around the world. Members of the World Economic Forum (WEF) provide insight into the global elite in the public and private sectors, including some of the most prominent executives, diplomats, celebrities, media personalities, government officials, religious leaders and trade union representatives from around the world. world. The flagship event of the World Economic Forum is an invitation-only annual meeting held in late January in Davos, Switzerland, which brings together the executives of 1,000 member companies as well as elected politicians, academics, NGOs, religious leaders and the media in an Alpine environment.

The annual meetings of the World Economic Forum (WEF) in Davos, Switzerland bring together thousands of the world’s largest corporate executives, bankers and financiers with leading heads of state, finance and trade ministers, central bankers and politicians from dozens of larger economies. ; heads of all major international organizations, including the IMF, the World Bank, the World Trade Organization, the Bank for International Settlements, the UN, the OECD, and others, as well as hundreds of scientists, economists, political scientists, journalists, cultural elites and occasional celebrities. For more than 50 years, the World Economic Forum, also known as the Davos Forum, has served as a global platform where leaders from business, government, international organizations, civil society and academia come together to address critical issues around the world. Every year. His annual meeting in Davos is usually covered in the world press, since previous meetings in Davos have allowed government leaders from around the world to resolve issues of political conflict among themselves, elevating the status of the annual meeting to the status of a politician, as well as an Economic Forum. The World Economic Forum and its annual meeting in Davos are being criticized for the public cost of security despite accumulating several hundred million Swiss francs in reserves and not paying federal taxes, forming a wealthy global elite without being tied to larger societies, undemocratic decisions. creation processes, gender issues, lack of financial transparency, unclear selection criteria, environmental impacts of its annual meetings, corporate takeover of global and democratic institutions, lack of critical media accreditation, and initiatives to whitewash institutions.

Its annual meeting brings together business leaders, investors, politicians and journalists from around the world to discuss current global economic and social issues and is held in Davos in January. In addition to the annual meeting in Davos, the WEF holds regional and sometimes country meetings several times a year in Asia, Latin America, Africa and other countries. The WEF and its strategic partners work together to address global challenges and inspire action to improve the world. The activities of the Forum are defined by a unique institutional culture based on the theory of stakeholders, according to which the organization is accountable to all sections of society.

The forum argues that a globalized world is perhaps best run by a coalition of transnational corporations, governments and civil society organizations (CSOs),[4] which is expressed in initiatives such as the Great Reset[5] and the Global Redesign. ‘. The idea that the Forum could help resolve global conflicts as well as promote best business management practices was one of the first ideas of WEF founder Klaus Schwab. The European Management Forum was named the World Economic Forum (WEF) in 1987 to reflect the importance of global economic and political issues, including poverty, environmental issues and international conflicts, on which it immediately began to work. In the mid-1970s, the group added political and social topics to its conference program and became a membership organization offered by the World’s Top 1000 Companies (1976).

At the Davos conference in 2000, the Forum invited the leaders of 15 NGOs to discuss the topic of globalization with the leaders of the World Trade Organization and the President of Mexico. The FSB was represented at the 1992 World Economic Forum by 21 business executives, including U.S. Trade Representative Kirk, WTO Director-General Pascal Lamy, EU Trade Commissioner Karel De Gucht, and others Leading technocrat and Deputy National Security Advisor to President Obama for International Economic Relations, Michael Froman (current US Trade Representative). In addition, during the conference, 140 of the world’s largest companies committed to jointly developing environmental, social and governance parameters. Gathering corporate giants, chaebols and political leaders (including President Trump) in one of the most beautiful valleys in the world, “President Trump’s World”, the defining feature of this meeting is that it is not a 1% rally, but a 0.000001%.

During the meeting, a group of the world’s largest pension funds committed to decarbonizing their assets through the Net Zero Asset Owners Alliance. At this meeting in the state-of-the-art Davos Congress Center, the world’s leading economists, politicians, intellectuals and media come together to discuss the latest global issues. Its annual meeting is dedicated to setting global, regional and industry agendas and is one of the most popular, attended and high-profile events in the world. From the perspective of the meeting, Davos appears to be a timeless meeting, focused more on privilege than on social change, economic shifts, or global global issues.

During the first appearance of a Chinese head of state at the World Economic Forum, President Xi Jinping delivered a speech titled “The Shared Responsibility of Our Times, Promoting Global Growth” at the first plenary meeting of the 2017 annual meeting, strongly supporting the advancement of globalization. of epochal significance.

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