World Economic Forum, International nonprofit organization in Geneva, Switzerland
The organization based in Geneva brings together leaders from business, politics, and academia to address international economic questions. Its work includes conferences, research projects, and publications on global challenges.
Klaus Schwab founded the organization in 1971 under a different name that focused on European businesses. The renaming took place in 1987 to reflect its now global focus.
Members from governments, businesses, and universities meet here regularly to discuss economic questions and shared goals. These gatherings often lead to new partnerships and initiatives that later take shape in different countries.
The main annual meeting takes place each January in the Swiss ski resort of Davos, where participants from around the world gather in a remote mountain village. Access to the sessions is limited to invited members and guests.
The organization publishes an annual report that analyzes and compares the competitiveness of countries worldwide. This publication is often used by governments and media as a reference for policy discussions.
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