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|Motto||Committed to improving the state of the world|
|Formation||January 1971 (as European Management Forum)|
|Purpose||Economic[ vague ]|
|European Management Forum|
The World Economic Forum (WEF), based in Cologny- Geneva, Switzerland, was founded in 1971 as a not-for-profit organization. It was granted "other international body" status in January 2015 by the Swiss Federal Government under the Swiss Host-State Act (International Organization status requires multiple governments).The WEF's mission is cited as "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".
Cologny is a municipality in the Canton of Geneva, Switzerland.
The Republic and Canton of Geneva is the French-speaking westernmost canton or state of Switzerland, surrounded on almost all sides by France (Auvergne-Rhône-Alpes). As is the case in several other Swiss cantons, this canton is referred to as a republic within the Swiss Confederation.
Switzerland, officially the Swiss Confederation, is a country situated in western, central, and southern Europe. It consists of 26 cantons, and the city of Bern as the seat of the federal authorities. The sovereign state is a federal republic bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is a landlocked country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning a total area of 41,285 km2 (15,940 sq mi). While the Alps occupy the greater part of the territory, the Swiss population of approximately 8.5 million people is concentrated mostly on the plateau, where the largest cities are to be found: among them are the two global cities and economic centres Zürich and Geneva.
The WEF hosts an annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 2,500 business leaders, international political leaders, economists, celebrities and journalists for up to four days to discuss the most pressing issues facing the world.
Davos is an Alpine town, and a municipality in the Prättigau/Davos Region in the canton of Graubünden, Switzerland. It has a permanent population of 10,937 (2017). Davos is located on the river Landwasser, in the Rhaetian Alps, between the Plessur and Albula Range at 1,560 m (5,120 ft) above sea level.
The Alps are the highest and most extensive mountain range system that lies entirely in Europe, separating Southern from Central and Western Europe and stretching approximately 1,200 kilometres (750 mi) across eight Alpine countries : France, Switzerland, Italy, Monaco, Liechtenstein, Austria, Germany, and Slovenia. The mountains were formed over tens of millions of years as the African and Eurasian tectonic plates collided. Extreme shortening caused by the event resulted in marine sedimentary rocks rising by thrusting and folding into high mountain peaks such as Mont Blanc and the Matterhorn. Mont Blanc spans the French–Italian border, and at 4,810 m (15,781 ft) is the highest mountain in the Alps. The Alpine region area contains about a hundred peaks higher than 4,000 metres (13,000 ft).
An economist is a practitioner in the social science discipline of economics.
The organization also convenes some six to eight regional meetings each year in locations across Africa, East Asia and Latin America, and holds two further annual meetings in China, India and the United Arab Emirates. Beside meetings, the organization claims to provide a platform for leaders from all stakeholder groups from around the world – business, government and civil society – to come together. It also produces a series of reports and engages its members in sector-specific initiatives.
The United Arab Emirates, sometimes simply called the Emirates, is a country in Western Asia at the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing maritime borders with Qatar to the west and Iran to the north. The sovereign constitutional monarchy is a federation of seven emirates consisting of Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Their boundaries are complex, with numerous enclaves within the various emirates. Each emirate is governed by a ruler; together, they jointly form the Federal Supreme Council. One of the rulers serves as the President of the United Arab Emirates. In 2013, the UAE's population was 9.2 million, of which 1.4 million are Emirati citizens and 7.8 million are expatriates.
There have been many other international conferences nicknamed with "Davos".However, the World Economic Forum objected the use of "Davos" in such contexts for any event not organised by them. This particular statement was issued on 22 October 2018, a day before the opening of 2018 Future Investment Initiative (nicknamed "Davos in the desert") organised by the Public Investment Fund of Saudi Arabia.
The Future Investment Initiative (FII) is an annual investment forum held in Riyadh, Saudi Arabia, to discuss trends in the world economy and investment environment. It is hosted by the Public Investment Fund of Saudi Arabia (PIF).
The Public Investment Fund (PIF) is a sovereign wealth fund owned by Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of $320 billion. It is a founded for the purpose of investing funds on behalf of the Government of Saudi Arabia. The PIF has a portfolio made up of approximately 200 investments, of which around 20 are listed on Tadawul, the Saudi Stock Exchange.
The WEF was founded in 1971 by Klaus Schwab, a business professor at the University of Geneva.First named the "European Management Forum", it changed its name to the World Economic Forum in 1987 and sought to broaden its vision to include providing a platform for resolving international conflicts.
Klaus Martin Schwab is a German engineer and economist, best known as the founder and executive chairman of the World Economic Forum. His wife, Hilde, co-founded the Schwab Foundation for Social Entrepreneurship with him. He was born in 1938, in Ravensburg, Germany.
The University of Geneva is a public research university located in Geneva, Switzerland.
In the summer of 1971, Schwab invited 444 executives from Western European firms to the first European Management Symposium held in the Davos Congress Centre under the patronage of the European Commission and European industrial associations, where Schwab sought to introduce European firms to American management practices. He then founded the WEF as a nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January.
The Davos Congress Centre is the major convention centre in Davos, Switzerland. It opened in 1969 and has undergone major transformations and extensions in 1979, 1989 and 2010. It has hosted the meetings of the World Economic Forum since 1971.
The European Commission (EC) is an institution of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU. Commissioners swear an oath at the European Court of Justice in Luxembourg City, pledging to respect the treaties and to be completely independent in carrying out their duties during their mandate. Unlike in the Council of the European Union, where members are directly and indirectly elected, and the European Parliament, where members are directly elected, the Commissioners are proposed by the Council of the European Union, on the basis of suggestions made by the national governments, and then appointed by the European Council after the approval of the European Parliament.
Events in 1973, including the collapse of the Bretton Woods fixed-exchange rate mechanism and the Arab–Israeli War, saw the annual meeting expand its focus from management to economic and social issues, and, for the first time, political leaders were invited to the annual meeting in January 1974.
Political leaders soon began to use the annual meeting as a neutral platform. The Davos Declaration was signed in 1988 by Greece and Turkey, helping them turn back from the brink of war. In 1992, South African President F. W. de Klerk met with Nelson Mandela and Chief Mangosuthu Buthelezi at the annual meeting, their first joint appearance outside South Africa. At the 1994 annual meeting, Israeli Foreign Minister Shimon Peres and PLO chairman Yasser Arafat reached a draft agreement on Gaza and Jericho.
In late 2015, the invitation was extended to include a North Korean delegation for the 2016 forum, "in view of positive signs coming out of the country", the WEF organizers noted. North Korea has not been attending the WEF since 1998. The invitation was accepted but after the January 2016 North Korean nuclear test on 6 January, the invitation was revoked, and the country's delegation was made subject to "existing and possible forthcoming sanctions".Despite protests by North Korea calling the decision by the WEF managing board a "sudden and irresponsible" move, the WEF committee maintained the exclusion because "under these circumstances there would be no opportunity for international dialogue".
In 2017, the World Economic Forum in Davos attracted considerable attention when for the first time, a head of state from the People's Republic of China was present at the alpine resort. With the backdrop of Brexit, an incoming protectionist US administration and significant pressures on free trade zones and trade agreements, President Xi Jinping defended the global economic scheme, and portrayed China as a responsible nation and a leader for environmental causes. He sharply rebuked the current populist movements that would introduce tariffs and hinder global commerce, warning that such protectionism could foster isolation and reduced economic opportunity.
In 2018, Indian Prime Minister Narendra Modi gave the plenary speech, becoming the first head of state from India to deliver the inaugural keynote for the annual meet at Davos. Modi highlighted climate change, terrorism and protectionism as the three major global challenges, and expressed confidence that they can be tackled with collective effort.
In 2019, Brazilian President Jair Bolsonaro gave the keynote address at the plenary session of the conference. On his first international trip to Davos, he emphasized liberal economic policies despite his populist agenda, and attempted to reassure the world that Brazil is a protector of the rain forest while utilizing its resources for food production and export. He stated that "his government will seek to better integrate Brazil into the world by mainstreaming international best practices, such as those adopted and promoted by the OECD".Environmental concerns like extreme weather events, and the failure of climate-change mitigation and adaptation were among the top-ranking global risks expressed by WEF attendees.
Headquartered in Cologny, the WEF also has offices in New York, Beijing and Tokyo. On October 10, 2016, the WEF announced the opening of its new Center for the Fourth Industrial Revolution in San Francisco. According to the WEF, the center will "serve as a platform for interaction, insight and impact on the scientific and technological changes that are changing the way we live, work and relate to one another".
The World Economic Forum claims to be impartial and that it is not tied to any political, partisan, or national interests. Until 2012, it had observer status with the United Nations Economic and Social Council, when it was revoked; it is under the supervision of the Swiss Federal Council. The foundation's highest governance body is the foundation board.
The WEF is chaired by Founder and Executive Chairman Professor Klaus Schwab and is guided by a Board of Trustees that is made up of leaders from business, politics, academia and civil society. Members of the Board of Trustees include: Peter Brabeck-Letmathe, H.M. Queen Rania Al Abdullah of Jordan, Mukesh Ambani, Marc Benioff, Mark Carney, Orit Gadiesh, Al Gore, Herman Gref, Angel Gurría, André Hoffmann, Jim Yong Kim, Christine Lagarde, Ursula von der Leyen, Yo-Yo Ma, Peter Maurer, Luis Alberto Moreno, Indra Nooyi, L. Rafael Reif, Jim Hagemann Snabe, Heizo Takenaka, and Min Zhu.
The Managing Board is chaired by the WEF's President, Børge Brende, and acts as the executive body of the World Economic Forum. Managing Board members are W. Lee Howell, Jeremy Jurgens, Cheryl Martin, Adrian Monck, Philipp Rösler, Richard Samans, Olivier Schwab (son of Klaus Schwab), Murat Sönmez and Alois Zwinggi.
The foundation is funded by its 1,000 member companies, typically global enterprises with more than five billion dollars in turnover (varying by industry and region). These enterprises rank among the top companies within their industry and/or country and play a leading role in shaping the future of their industry and/or region. Membership is stratified by the level of engagement with forum activities, with the level of membership fees increasing as participation in meetings, projects, and initiatives rises.In 2011 an annual membership cost $52,000 for an individual member, $263,000 for "Industry Partner" and $527,000 for "Strategic Partner". An admission fee cost $19,000 per person. In 2014, WEF raised annual fees by 20 percent, making the cost for "Strategic Partner" from CHF 500,000 ($523,000) to CHF 600,000 ($628,000).
The flagship event of the World Economic Forum is the invitation-only annual meeting held at the end of January in Davos, Switzerland, bringing together chief executive officers from its 1,000 member companies, as well as selected politicians, representatives from academia, NGOs, religious leaders, and the media in an alpine environment. The winter discussions ostensibly focus around key issues of global concern (such as the globalization, capital markets, wealth management, international conflicts, environmental problems and their possible solutions). 23 September 2016 at the Wayback Machine BBC News . Retrieved 25 January 2011.</ref> The participants are also taking part in role playing events, such as the Investment Heat Map. Informal winter meetings may have led to as many ideas and solutions as the official sessions."Q&A: World Economic Forum 2009" Archived
At the 2018 annual meeting, more than 3,000 participants from nearly 110 countries participated in over 400 sessions. Participation included more than 340 public figures, including more than 70 heads of state and government and 45 heads of international organizations; 230 media representatives and almost 40 cultural leaders were represented.
As many as 500 journalists from online, print, radio, and television take part, with access to all sessions in the official program, some of which are also webcast.Not all the journalists are given access to all areas, however. This is reserved for white badge holders. "Davos runs an almost caste-like system of badges", according to BBC journalist Anthony Reuben. "A white badge means you're one of the delegates – you might be the chief executive of a company or the leader of a country (although that would also get you a little holographic sticker to add to your badge), or a senior journalist. An orange badge means you're just a run-of-the-mill working journalist."
All plenary debates from the annual meeting also are available on YouTube,with photographs at Flickr,
|1988||The new state of the world economy|
|1989||Key developments in the 90s: implications for global business|
|1990||Competitive cooperation in a decade of turbulence|
|1991||The new direction for global leadership|
|1992||Global cooperation and megacompetition|
|1993||Rallying all the forces for global recovery|
|1994||Redefining the basic assumptions of the world economy|
|1995||Leadership for challenges beyond growth|
|1997||Building the network society|
|1998||Managing volatility and priorities for the 21st century|
|1999||Responsible globality: managing the impact of globalization|
|2000||New beginnings: making a difference|
|2001||25–30 January||Sustaining growth and bridging the divides: a framework for our global future|
|2002||31 January – 4 February||Leadership in fragile times|
|2003||21–25 January||Building trust|
|2004||21–25 January||Partnering for security and prosperity|
|2005||26–30 January||Taking responsibility for tough choices|
|2006||25–29 January||The creative imperative|
|2007||24–28 January||Shaping the global agenda, the shifting power equation|
|2008||23–27 January||The power of collaborative innovation|
|2009||28 January – 1 February||Shaping the post-crisis world|
|2010||27–30 January||Improve the state of the world: rethink, redesign, rebuild|
|2011||26–30 January||Shared norms for the new reality|
|2012||25–29 January||The great transformation: shaping new models|
|2013||23–27 January||Resilient dynamism|
|2014||22–25 January||The reshaping of the world: consequences for society, politics and business|
|2015||21–24 January||New global context|
|2016||20–23 January||Mastering the fourth industrial revolution|
|2017||17–20 January||Responsive and responsible leadership|
|2018||23–26 January||Creating a shared future in a fractured world|
|2019||22–25 January||Globalization 4.0: shaping a global architecture in the age of the fourth industrial revolution|
In 2011, some 250 public figures (heads of state or government, cabinet ministers, ambassadors, heads or senior officials of international organizations) attended the annual meeting, including: Felipe Calderón, Robert B. Zoellick, Álvaro Uribe Vélez, Nicolas Sarkozy, Ban Ki-moon, Angela Merkel, Oommen Chandy, N. Chandrababu Naidu, Ferenc Gyurcsány, François Fillon, Morgan Tsvangirai, Gordon Brown, David Cameron, Min Zhu, Paul Kagame, Queen Rania of Jordan, Dmitry Medvedev, Susilo Bambang Yudhoyono, Kevin Rudd, Barney Frank, Kofi Annan, Werner Faymann, Leonel Fernández, Jacob Zuma, Cyril Ramaphosa Naoto Kan, Jean-Claude Trichet, and Zeng Peiyan.
Al Gore, Bill Clinton, Bill Gates, Orrin Hatch, Victor Dzau, Bono, Paulo Coelho, and Tony Blair also are regular Davos attendees. Past attendees include George Soros, Michael Bloomberg, Charles Butt, Robert Bass, Donald Trump, Recep Tayyip Erdogan, Henry Kissinger, Nelson Mandela, Raymond Barre, Julian Lloyd Webber, Sandro Salsano, Wences Casares,
In 2007, the foundation established the Annual Meeting of the New Champions (also called Summer Davos), held annually in China, alternating between Dalian and Tianjin, bringing together 1,500 participants from what the foundation calls Global Growth Companies, primarily from rapidly growing emerging countries such as China, India, Russia, Mexico, and Brazil, but also including quickly growing companies from developed countries. The meeting also engages with the next generation of global leaders from fast-growing regions and competitive cities, as well as technology pioneers from around the globe.The Chinese Premier has delivered a plenary address at each annual meeting.
Every year regional meetings take place, enabling close contact among corporate business leaders, local government leaders, and NGOs. Meetings are held in Africa, East Asia, Latin America, and the Middle East. The mix of hosting countries varies from year to year, but consistently China and India have hosted throughout the decade since 2000.
The group's Forum of Young Global Leadersconsists of 800 people chosen by the WEF organizers as being representative of contemporary leadership, "coming from all regions of the world and representing all stakeholders in society", according to the organization. After five years of participation they are considered alumni.
Since 2000, the WEF has been promoting models developed by those in close collaboration with the Schwab Foundation for Social Entrepreneurship,highlighting social entrepreneurship as a key element to advance societies and address social problems. Selected social entrepreneurs are invited to participate in the foundation's regional meetings and the annual meetings where they may meet chief executives and senior government officials. At the Annual Meeting 2003, for example, Jeroo Billimoria met with Roberto Blois, deputy secretary-general of the International Telecommunication Union, an encounter that produced a key partnership for her organization Child helpline international.
The foundation also acts as a think tank, publishing a wide range of reports. In particular, "Strategic Insight Teams" focus on producing reports of relevance in the fields of competitiveness, global risks, and scenario thinking.
The "Competitiveness Team"produces a range of annual economic reports (first published in brackets): the Global Competitiveness Report (1979) measured competitiveness of countries and economies; The Global Information Technology Report (2001) assessed their competitiveness based on their IT readiness; the Global Gender Gap Report examined critical areas of inequality between men and women; the Global Risks Report (2006) assessed key global risks; the Global Travel and Tourism Report (2007) measured travel and tourism competitiveness; the Financial Development Report (2008) aimed to provide a comprehensive means for countries to establish benchmarks for various aspects of their financial systems and establish priorities for improvement; and the Global Enabling Trade Report (2008) presented a cross-country analysis of the large number of measures facilitating trade among nations.
The "Risk Response Network" billion in economic damage, have the potential to cause major human suffering, and which require a multi-stakeholder approach for mitigation.produces a yearly report assessing risks which are deemed to be within the scope of these teams, have cross-industry relevance, are uncertain, have the potential to cause upwards of US$10
The Global Health Initiative was launched by Kofi Annan at the annual meeting in 2002. The GHI's mission was to engage businesses in public-private partnerships to tackle HIV/AIDS, tuberculosis, malaria, and health systems.
The Global Education Initiative (GEI), launched during the annual meeting in 2003, brought together international IT companies and governments in Jordan, Egypt, and India [ citation needed ] The GEI model, which is scalable and sustainable, now is being used as an educational blueprint in other countries including Rwanda.that has resulted in new personal computer hardware being available in their classrooms and more local teachers trained in e-learning. This is having a significant effect on the lives of children.
The Environmental Initiative covers climate change and water issues. Under the Gleneagles Dialogue on Climate Change, the U.K. government asked the World Economic Forum at the G8 Summit in Gleneagles in 2005 to facilitate a dialogue with the business community to develop recommendations for reducing greenhouse gas emissions. This set of recommendations, endorsed by a global group of CEOs, was presented to leaders ahead of the G8 Summit in Toyako and Hokkaido held in July 2008.
The Water Initiative brings together diverse stakeholders such as Alcan Inc., the Swiss Agency for Development and Cooperation, USAID India, UNDP India, Confederation of Indian Industry (CII), Government of Rajasthan, and the NEPAD Business Foundation to develop public-private partnerships on water management in South Africa and India.
In an effort to combat corruption, the Partnering Against Corruption Initiative (PACI) was launched by CEOs from the Engineering and Construction, Energy and Metals, and Mining industries at the annual meeting in Davos during January 2004. PACI is a platform for peer exchange on practical experience and dilemma situations. Approximately 140 companies have joined the initiative.
The Environment and Natural Resource Security Initiative was emphasized for the 2017 meeting to achieve inclusive economic growth and sustainable practices for global industries. With increasing limitations on world trade through national interests and trade barriers, the WEF has moved towards a more sensitive and socially minded approach for global businesses with a focus on the reduction of carbon emissions in China and other large industrial nations.
In January 2017, WEF launched the Platform for Accelerating the Circular Economy (PACE), which is a global public private partnership seeking to scale circular economy innovations.PACE is co-chaired by Frans van Houten (CEO of Philips), Naoko Ishii (CEO of the Global Environment Facility, and the head of UN Environment (UNEP). The Ellen MacArthur Foundation, the International Resource Panel, Circle Economy and Accenture serve as knowledge partners.
On 19 January 2017 the Coalition for Epidemic Preparedness Innovations (CEPI), a global initiative to fight epidemics, was launched at the forum in Davos. The internationally funded initiative aims at securing vaccine supplies for global emergencies and pandemics, and to research new vaccines for tropical diseases, that are now more menacing. The project is funded by private and governmental donors, with an initial investment of US$460m from the governments of Germany, Japan and Norway, plus the Bill & Melinda Gates Foundation and the Wellcome Trust.
Also in 2017, WEF launched the Fourth Industrial Revolution (4IR) for the Earth Initiative, a collaboration among WEF, Stanford University and PwC, and funded through the Mava Foundation.In 2018, WEF announced that one project within this initiative was to be the Earth BioGenome Project, the aim of which is to sequence the genomes of every organism on Earth.
The Network of Global Future Councils meets annually in the United Arab Emirates and virtually several times a year.The second WEF annual meeting was held in Dubai in November 2017, when there were 35 distinct councils focused on a specific issue, industry or technology. In 2017 members met with representatives and partners of the Forum's new Center for the Fourth Industrial Revolution. Ideas and proposals are taken forward for further discussion at the World Economic Forum Annual Meeting in Davos-Klosters in January.
The Transnational Institute describes the World Economic Forum's main purpose as being "to function as a socializing institution for the emerging global elite, globalization's "Mafiocracy" of bankers, industrialists, oligarchs, technocrats and politicians. They promote common ideas, and serve common interests: their own."In combination with the self-styled International Organization pretensions, has led to the citing of the informal motto "the NGO of the status quo".
A study, published in the Journal of Consumer Research , investigated the sociological impact of the WEF. It concluded that the WEF do not solve issues such as poverty, global warming, chronic illness, or debt. They have simply shifted the burden for the solution of these problems from governments and business to "responsible consumers subjects: the green consumer, the health-conscious consumer, and the financially literate consumer." They merely reframe the issues, and by so doing perpetuate them. Al Gore is singled out as a prime example. Gore's speeches deliberately shift focus away from the problems of unregulated markets and corporate activities to one of moral pathologies, individual greed, etc. In doing so he is actually promoting the creation of new markets, and hence perpetuating the same old problems in a new guise. New markets will follow the same patterns as the old ones because the core problem of corporate governance is never addressed.
During the late 1990s the foundation, along with the G7, World Bank, World Trade Organization, and International Monetary Fund, came under heavy criticism by anti-globalization activists who claimed that capitalism and globalization were increasing poverty and destroying the environment. Ten thousand demonstrators disrupted the World Economic Forum in Melbourne, obstructing the path of two hundred delegates to the meeting.Repeatedly, demonstrations are held in Davos (see Anti-WEF protests in Switzerland, January 2003) to protest against what have been called the meetings of "fat cats in the snow", a tongue-in-cheek term used by rock singer Bono.
After 2014, the protest movement against the World Economic Forum has largely died down, and Swiss police noted a significant decline in attending protesters, 20 at most during the meeting in 2016. While protesters are still more numerous in large Swiss cities, the protest movement itself has undergone significant change.Around 150 Tibetans and Uighurs protested in Geneva and 400 Tibetans in Bern against the visit of the Chinese President Xi for the 2017 meeting, with subsequent confrontations and arrests.
The WEF attracts a number of non-governmental organisations, including the World Wildlife Fund, Amnesty International, ICRC and Elders.
In 2014, Winnie Byanyima, the executive director of the anti-poverty confederation Oxfam International, was invited to serve as co-chair for the 2015 meeting, where she presented a critical report of global wealth distribution based on statistical research by the Credit Suisse Research Institute. In this study, the richest one per cent of people in the world own forty-eight per cent of the world’s wealth.
At the 2019 meeting, the Oxfam director presented another report claiming that the gap between rich and poor has only increased. The report “Public Good or Private Wealth” stated that 2,200 billionaires worldwide saw their wealth grow by 12 percent while the poorest half saw its wealth fall by 11 percent. Oxfam calls for a global tax overhaul to increase and harmonise global tax rates for corporations and wealthy individuals.
In January 2000, a thousand protesters marched through the streets of Davos and smashed the window of the local McDonald's restaurant.The tight security measures around the campus of Davos have kept demonstrators from the Alpine resort, and most demonstrations were held in Zürich, Bern, or Basel. The costs of the security measures, which are shared by the foundation and the Swiss cantonal and national authorities, have been criticized in the Swiss national media.
In September of 2018, the city of Davos approved by popular vote to increase the security budget for the yearly meeting to CHF 1.125 million. Later that month, the Swiss house of representatives (Nationalrat) also agreed to increase police and military expenditures to CHF 39 million while the Kanton of Graubünden is contributing 2.25 million, the same amount the WEF is paying for security costs.
Since the annual meeting in January 2003 in Davos, an Open Forum Davos ,co-organized by the Federation of Swiss Protestant Churches, is held concurrently with the Davos forum, opening up the debate about globalization to the general public. The Open Forum has been held in the local high school every year, featuring top politicians and business leaders. It is open to all members of the public free of charge.
The annual meeting of the forum also has been decried as a "mix of pomp and platitude" and criticized for moving away from serious economics and accomplishing little of substance, particularly with the increasing involvement of NGOs that have little or no expertise in economics. Instead of a discussion on the world economy with knowledgeable experts alongside key business and political players, the annual meeting of the forum now features the top political topics of the day appearing in media, such as global climate change and AIDS in Africa.
Faculty member Steven Strauss at the Harvard Kennedy School, have pointed out that many of the WEF's strategic partners (who in return for financing the annual meeting have the ability to set the intellectual agenda for the meeting) have been convicted of serious criminal, civil, or human rights violations, raising significant questions about the forum's legitimacy as a neutral convener on certain topics.
The Public Eye Awards have been held every year since 2000. It is a counter-event to the annual meeting of the World Economic Forum (WEF) in Davos. Public Eye Awards is a public competition of the worst corporations in the world. In 2011, more than 50,000 people voted for companies that acted irresponsibly. At a ceremony at a Davos hotel, the "winners" in 2011 were named as Indonesian palm oil diesel maker, Neste Oil in Finland, and mining company AngloGold Ashanti in South Africa.According to Schweiz aktuell broadcast on 16 January 2015, a public presence during the WEF 2015, may not be guaranteed because the massively increased security in Davos. The Public Eye Award will be awarded for the last time in Davos: Public Eyes says Goodbye to Davos, confirmed by Rolf Marugg (now Landrats politician), by not directly engaged politicians, and by the police responsible.
"Davos Man" is a neologism referring to the global elite of wealthy (predominantly) men, whose members view themselves as completely "international".
Davos men supposedly see their identity as a matter of personal choice, not an accident of birth. According to political scientist Samuel P. Huntington, who is credited with inventing the phrase "Davos Man",they are people who "have little need for national loyalty, view national boundaries as obstacles that thankfully are vanishing, and see national governments as residues from the past whose only useful function is to facilitate the élite's global operations". In his 2004 article "Dead Souls: The Denationalization of the American Elite", Huntington argues that this international perspective is a minority elitist position not shared by the nationalist majority of the people.
John Fonte of the Hudson Institute has suggested that the transnational ideology of Davos Man represents a major challenge to Francis Fukuyama's assertion that liberal democracy represents the fulfillment of The End of History and the Last Man .
Since 2011, the World Economic Forum has been addressing its very own gender quota, to introduce at least one woman for every five senior executives that attended. Female participation increased from 9% to 15% between 2001 and 2005. In 2016, 18% of the WEF attendees were female; this number increased to 21% in 2017.
Hernando de Soto Polar of the Institute for Liberty and Democracy attributes a similar concept to Fernand Braudel,referring to it as the "bell jar". Although internationally connected, each country's elite lives in a bell jar in the sense of being out of touch with its own populace. Their isolation fosters a tendency to be oblivious to the fate of their fellow citizens.
Lawrence Summers refers to this concept as the "stateless elites", tied more to the success of the global economy than to any nation, and views it as eroding support for continuing globalization.
Rania Al-Abdullah is the queen consort of Jordan. Born in Kuwait to a Palestinian family, she later moved to Jordan for work, where she met the then prince Abdullah. Since marrying the now King of Jordan in 1993, she has become known for her advocacy work related to education, health, community empowerment, youth, cross-cultural dialogue and micro-finance. She is also an avid user of social media and she maintains pages on Facebook, YouTube, Instagram and Twitter. She has two daughters and two sons and has been awarded various decorations by governments.
Sunil Bharti Mittal is an Indian billionaire entrepreneur, philanthropist and the founder and chair of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, education, malls, hospitality, agri and food besides other ventures. Bharti Airtel, the group's flagship company is one of the world's largest and India's second largest telecom company with operations in 16 countries across Asia and Africa with a customer base of over 390 million. Bharti Airtel clocked revenues of over US$14.75 billion in FY2016. He is listed as the 8th Richest person in India by Forbes with a Net worth of $8.3 Billion.
The Schwab Foundation for Social Entrepreneurship provides platforms at the country, regional and global levels to promote social entrepreneurship. The Foundation is a not-for-profit organization, founded in 1998. Its purpose is to "advance social entrepreneurship and to foster social entrepreneurs as an important catalyst for societal innovation and progress." The Foundation is under the legal supervision of the Swiss Federal Government. Its headquarters are in Geneva, Switzerland. Each year the Foundation selects 20-25 Social Entrepreneurs through a global “ Social Entrepreneur of the Year” competition.
Mohammad Abdulla Al Gergawi is the Minister of Cabinet Affairs and the Future of the United Arab Emirates and the Chairman of the Executive Office of Sheikh Mohammed bin Rashid Al Maktoum, in the Government of Dubai. He leads the development of the UAE Federal Government Strategy and oversees its overall delivery, performance and future readiness. Al Gergawi is known to have been part of many of Dubai's successful projects and has forward looking foresight on the future of the Emirate and the world.
Richard Stromback is an American former professional hockey player, venture capitalist and entrepreneur. In 1997 he founded Web Group, a technology staffing and search firm and served as its CEO and President until 2003. During this time Web Group ranked 189th on Inc. Magazine’s annual list of the 500 fastest-growing companies. In 2003, he shifted his investment focus to clean technology, acquiring the research firm, Ecology Coatings.
The following are links to international rankings of the United States
The 16th World Economic Forum on Africa: Going for Growth was a World Economic Forum economic summit meeting held in Cape Town, South Africa, from May 31 to June 2, 2006. The summit was attended by some 650 political and business leaders from 39 countries, focusing particularly on rapidly increasing African commodity prices. It also examined issues relating to the promotion of investment, improving world opinion, combating hunger, sustainable development, and offer specific initiatives to address these and other economic issues facing part of or the entire continent.
Manuela Kasper-Claridge is a German journalist.
A social forum is an open meeting place for civil society organizations and individuals opposed to neoliberalism and what its participants regard as the domination of the world by capital and imperialism. The first social forum was the World Social Forum (WSF) held in January 2001 in Porto Alegre. It was designed as a counter forum to the World Economic Forum (WEF) held in Davos at the same time. While the WSF regards the WEF as a meeting of the political and economic elite of the world, the WSF gathers social forces and aims to promotes democratization and social justice.
The Young Global Leaders, or Forum of Young Global Leaders, is an independent non-profit organization managed from Geneva, Switzerland, under the supervision of the Swiss government.
Ray O. Johnson, an American executive focused on business, innovation, and diversity, is the former Senior Vice President and Chief Technology Officer of the Lockheed Martin Corporation. Johnson guided the Corporation’s technology vision and provided corporate leadership in the strategic areas of technology, engineering, production operations, supply chain, program management, and sustainment, which included more than 72,000 people working on more than 4,000 programs that provided some of the nation’s most vital security systems. Johnson has a proven track record in managing large P&L organizations, developing and executing growth and technology strategies, and achieving operational excellence in diverse business environments.
Kamal S. Quadir is a Bangladeshi American entrepreneur and artist best known for introducing e-commerce in Bangladesh by founding CellBazaar, an electronic marketplace which, after reaching 4 million users, was acquired by Norwegian telecommunications operator Telenor in 2010. CellBazaar later was rebranded as ekhanei.com.
François Adrianus "Frans" van Houten is the Chief Executive Officer of the Dutch company Royal Philips Electronics, taking over the position on 1 April 2011. He succeeded Gerard Kleisterlee.
The World Resources Forum (WRF) is a non-profit organisation for sharing knowledge about the economic, political, social and environmental implications of global resource use. WRF promotes resource productivity among researchers, policymakers, business, NGOs and the public. In addition to organizing international and regional conferences, the WRF Secretariat coordinates multistakeholder dialogue projects, amongst others the Sustainable Recycling Initiative (SRI) as well as the H2020 project Towards a World Forum on Raw Materials (FORAM). WRF serves as a platform fostering knowledge exchange between academics, politicians, research-oriented practitioners, entrepreneurs, consultants and other professionals in the areas of the Sustainable Development Goals (SDGS)
Sandro Salsano is an Italian billionaire businessman and philanthropist. He is the president and chairman of Salsano Group and chairman of Salsano Family Office. The group has investments in global private equity, real estate and technology. He sits on the board of a number of companies.
Peter Maurer is the President of the International Committee of the Red Cross (ICRC), appointed 1 July 2012. Maurer was born in Thun, Switzerland.
Renat Heuberger is the CEO and co-founder of South Pole, a global company specialising in sustainability solutions. He has been engaged as a social entrepreneur in the fields of sustainability, climate change and renewable energies since 1999.
Amira Yahyaoui is a Tunisian entrepreneur, blogger and human rights activist. She is the Founder and CEO of Mos.com, a civic and education tech company based in San Francisco. She was previously the Founder and President of Al Bawsala, a multi-awarded transparency and accountability NGO.
Cobus de Swardt is a South African sociologist. He was head of Transparency International from 2007 to 2017, and is a former chair of the World Economic Forum (WEF) Global Agenda Council on Corruption.
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