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What’s the World Economic Forum?

The World Economic Forum, also known as the Davos Forum, is an annual meeting of global leaders in business, politics, and academia. Founded in 1971, the Forum is best known for its annual meeting in Davos, Switzerland, where political and business leaders gather to discuss pressing global issues. The organization is based in Cologny, Switzerland.

The World Economic Forum’s mission is to improve the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas. Through its annual meeting in Davos, and other events and initiatives, the Forum brings together leaders from government, business, international organizations, civil society and academia to discuss pressing global issues and to work towards solutions.

One of the key areas of focus for the World Economic Forum is the global economy. The Forum works to promote sustainable and inclusive economic growth and to address issues such as income inequality and unemployment. The Forum also focuses on other pressing global issues such as climate change, gender equality, and the Fourth Industrial Revolution.

The World Economic Forum is also known for its Global Competitiveness Report, which ranks countries based on their economic competitiveness. The report is based on a set of indicators that measure a country’s ability to provide an environment conducive to economic growth.

The World Economic Forum is a non-profit organization and is funded by its members, which include some of the world’s largest companies, as well as governments and international organizations. The Forum is governed by a Board of Trustees, which is responsible for setting the strategic direction of the organization.

Overall, the World Economic Forum plays a crucial role in shaping global economic and political agendas. Its annual meeting in Davos is a key event where leaders from around the world come together to discuss pressing global issues and work towards solutions. The Forum’s focus on promoting sustainable and inclusive economic growth, as well as addressing issues such as climate change and gender equality, makes it an important player in the global effort to improve the state of the world.