World Economic Forum

The World Economic Forum (WEF) is holding its Annual Meeting from January 20 to 24 in Davos, Switzerland.

• The World Economic Forum (WEF) was established in 1971 by Klaus Schwab as a not-for-profit foundation, originally called the European Management Forum.
• It introduced the concept of stakeholder capitalism and engages global leaders in discussions to build more resilient, inclusive, and sustainable economies.
• In 1973, it expanded its focus to include economic and social issues, following significant global events like the collapse of the Bretton Woods system and the Arab-Israeli War.
• In 1987, it became the World Economic Forum and began offering a platform for dialogue.
• In 2015, WEF was formally recognized as an international organization.
• Key reports include the Global Competitiveness Report, Global Information Technology Report, and Global Gender Gap Report.
• The WEF has its headquarters in Geneva, Switzerland, with offices in New York, San Francisco, Beijing, and Tokyo.