World Economic Forum (WEF): Objectives, Meetings and Global Reports

Category: International Organisations / Global Economy

UPSC Notes

The World Economic Forum is an independent international organisation that brings together leaders from business, government, academia and civil society to discuss global economic and social challenges.

It is widely associated with its Annual Meeting in Davos, Switzerland.

Major objectives

  • Encourage dialogue among public- and private-sector leaders.

  • Discuss global economic risks and opportunities.

  • Promote cooperation on technology, climate, trade and development.

  • Facilitate partnerships between businesses, governments and civil society.

Important publications and initiatives

The WEF is associated with several widely cited reports and platforms, including:

  • Global Risks Report.

  • Global Gender Gap Report.

  • Future of Jobs Report.

  • Global Competitiveness-related research and initiatives, with the format and publication schedule varying over time.

Key Pointers for UPSC

  • Established: 1971.

  • Founder: Klaus Schwab.

  • Headquarters: Cologny, near Geneva, Switzerland.

  • Famous annual meeting: Davos, Switzerland.

  • The WEF is not a specialised agency of the United Nations.

  • Its reports provide research and analysis but are not legally binding international agreements.