The World Economic Forum

The World Economic Forum (WEF) is an international non-governmental organization and lobbying organization headquartered in Cologne, Geneva, Switzerland It was founded on January 24, 1971 by German engineer and economist Klaus Schwab Funded primarily by its 1,000 member companies (often global corporations with over $5 billion in revenue) and government grants, the foundation sees its mission as "to improve the state of the world through business, political, academic and other leaders to improve the state of society and society. Shape global, regional and industry agendas." He has been the target of conspiracy theories and misinformation in an attempt to undermine its credibility.

The World Economic Forum is best known for its annual meeting at the end of January in Davos, a mountain resort in the Alpine region of eastern Switzerland The conference brings together around 3,000 paying members and selected attendees – including investors, business leaders, political leaders, economists, celebrities and journalists – for five days to discuss global issues in 500 sessions In addition to Davos, the organization organizes regional meetings in Africa, East Asia, Latin America and India, as well as two additional annual meetings in China and the United Arab Emirates It further produces a series of reports, engages its members on industry-specific initiatives, and provides a platform for leaders of selected interest groups to collaborate on multiple projects and initiatives.

The Forum recommends that a globalized world is best managed by a coalition of multinational corporations, governments and civil society organizations (CSOs) through strategies such as Great Reset” and the “Redesign”. He sees periods of global instability, such as the 2007-2008 financial crisis and the COVID-19 pandemic, as windows of opportunity to strengthen his planning efforts.

The World Economic Forum and its annual meeting in Davos have been criticized for years Challenges raised throughout the conference and the World Economic Forum included: the organization's acquisitions of global and democratic institutions and institutional money laundering initiatives; public safety costs, the organization's tax-exempt status, unclear decision-making processes and membership standards, lack of financial transparency, and the environmental footprint of its annual meeting. In response to criticism from Swiss society, the Swiss federal government decided in February 2021 to reduce its annual contribution to the World Economic Forum.