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 "World Economic Forum BS")
World Economic Forum BS
The World Economic Forum (WEF) is an independent international organisation 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. Earlier named as 'European Management Forum', the WEF was established as a not-for-profit foundation in January 24, 1971 by German engineer and a business professor Klaus Schwab. It is headquartered in Geneva, Switzerland.
The World Economic Forum is funded by 1,000 member companies, generally global enterprises.
The organisation manages 38 communities across business, government and civil society.
The WEF conducts annual meeting, to discuss global issues across several sessions, at the end of January in Davos, a mountain resort in the eastern Alps region of Switzerland. Moreover, WEF also convenes regional conferences across Africa, East Asia, Latin America and India and holds two additional annual meetings in China and the United Arab Emirates (UAE) as well.
The discussions at Davos meetings revovle around key issues of global concern such as globalisation, climate, international conflicts, markets, wealth management and their possible solutions.
The World Economic Forum also serves as a think tank that publishes a wide range of reports on global issues with focus on focus on producing write-ups on relevance in the fields of scenario thinking, competitiveness and global risks.
WEF launched the Platform for Accelerating the Circular Economy (PACE) in January 2017, which is a global public private partnership seeking to scale circular economy innovations.
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