WEF Basics

The World Economic Forum (WEF) is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the the eastern Alps region of Switzerland.


The meeting brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss the most pressing issues facing the world, including health and the environment. Beside meetings, the foundation produces a series of research reports and engages its members in sector specific initiatives


The foundation was founded in 1971 by Klaus Schwab, a German-born business professor at the University of Geneva. Originally named the European Management Forum, it changed its name to the World Economic Forum in 1987 and sought to broaden its vision further to include providing a platform for resolving international conflicts.


The Competitiveness Team produces a range of annual economic reports, the most famous being  the Global Competitiveness Report (1979) measuring competitiveness of countries and economies


P.S. Important because its annual meeting is being held from 26 Jan to 30 Jan 2011

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