Source: Live Mint
Context: The World Economic Forum (WEF) Annual Meeting 2025, hosted in Davos, Switzerland, brings together global leaders from business, politics, and civil society to discuss critical global issues.
About World Economic Forum (WEF):
- Established in: The WEF was founded in 1971 as the European Management Forum, later renamed the World Economic Forum in 1987.
- Headquarters: The WEF is headquartered in Cologny, Switzerland.
- Established by: German economist Klaus Schwab, who introduced the concept of “stakeholder capitalism”.
- Aim:
- To improve the state of the world by fostering public-private cooperation.
- To address global economic, social, and environmental challenges through collaboration among stakeholders.
- 2025 Theme: “Collaboration for the Intelligent Age”
- Functions:
- Global Dialogues: Organizes the Annual Meeting in Davos, where leaders brainstorm on solutions to pressing global issues.
- Publications and Rankings: Regularly releases reports like the Global Competitiveness Report, Global Gender Gap Report, Future of Jobs Report and Energy Transition Index.
- Policy Advocacy: Promotes sustainability, inclusive development, and technological innovation.
- Diplomatic Initiatives: Facilitates dialogues, such as the historic 1992 meeting between Nelson Mandela and South African President de Klerk.
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