IGNORE THIS SECTION UNLESS YOU ARE INTO THE GLOBAL ECONOMY
Participants pledged to rethink, rebuild and redesign the global
economy based on sustainable principles.
Lawrence H. Summers, Director of the US National Economic Council
The World Economic Forum is the foremost global community of
business, political, intellectual and other leaders of society who
are committed to improving the state of the world.
The Forum is “committed to improving the state of the world”
The Forum’s headquarters are located on the outskirts of Geneva in
a town called Cologny. The Forum also has an affiliate in New York,
World Economic Forum USA.
In 1971, Professor Klaus Schwab, then a professor of Business
Administration at the University of Geneva, gathered European
business leaders in Davos, Switzerland, for a discussion on global
management practices. It evolved its successes into the WEF.
The Forum is a not-for-profit foundation.
The Foundation Board, which has overall responsibility for
establishing the long term direction and objectives.
The International Business Council acts as an advisory body
providing intellectual stewardship to the Forum.
The Managing Board is the in-house management team responsible for
the executive oversight and management of the activities and
Members represent the 1,000 leading companies and 200 smaller
businesses - many from the developing world.
The Forum provides member companies, governments and institutions
the opportunity to work together to address global challenges. This
opportunity for partnership is based on the belief that no single
group can tackle major issues on its own.
Funding comes from membership fees (CHF 42,500) from the 1,000
foremost companies who are the Forum's members and partners;
partnership fees from Strategic Partners (companies that play a
leading role in the Forum) and from partners in the Forum's events;
and participation fees for the Annual Meeting and for regional
meetings and summits.
The World Economic Forum brings together leaders in business,
politics and society for reflection and connection to generate
ideas and proposals, bridging countries and cultures to address the
issues affecting our world.
The very best minds and experts are also brought to provide the
necessary insight to allow leaders to make decisions that can bring
about change for the better.
Conferences like the Annual Meeting in Davos and regional summits
are an occasion for leaders to outline major challenges and define
strategies to address them.
More than 2,500 people attend the Annual Meeting.
The Forum supports the rights of free speech and peaceful assembly,
but opposes violence and destruction of property. In principle, the
Forum is supportive of demonstrations by those who desire to have
their voices heard. But the Forum condemns – vehemently and
unequivocally – those who believe that violence is a legitimate
form of public expression or debate. In answer to the protests, the
Open Forum was launched to give everyone a voice in the globally
focused debates at the Annual Meeting in Davos. On a year-round
basis, you can also have your say about critical global issues on
the Forum's weblog.
The general public cannot take part directly in the Annual Meeting
for reasons of security and space. But the Forum and civil society
organizations - including church, non-governmental and non-profit
organizations - co-organize the Open Forum. These are discussions
open to the general public, free-of-charge and held simultaneously
with the Annual Meeting in Davos. The general public can also
participate through social media by joining the discussions through
a variety of ways including video blogs on YouTube, a community on
Facebook or subscriptions to Twitter.
Many global and local media organizations produce special coverage
of Forum events. In fact, nearly one in every five participants at
the Annual Meeting hails from the media sector.
The Forum’s weblog provides even greater access to sessions, and it
is a virtual forum where people unable to attend the meetings can
have their say too.
Economic research at the Forum – led by the Global Competitiveness
Programme (GCP) – focuses on identifying the impediments to growth
so that strategies to achieve sustainable economic progress can be
developed – strategies that reduce poverty and increase
CP reports are available in print and results of the Executive
Opinion Survey are available on CD-ROM. For purchasing information,
please go to www.weforum.org/onlinepurchases
For more information about the Global Competitiveness Network we
invite you to check the GCN FAQ.