What is the World Economic Forum?
The World Economic Forum is a non -profit foundation composed of international leaders aimed at improving the world by shaping the program at global, regional and industrial levels. Members also participate in research programs that seek to develop strategies for sustainability of economic progress, assess global risk factors and predict scenarios that can form significant events in the future. The World Economic Forum based in Geneva, Switzerland with regional offices in North America and Asia, is trying to be a leading catalyst for change. Schwab initially brought business managers from all over Western Europe at a meeting in Switzerland Davos to support more social responsibility instead of mere loyalty to shareholders and profits. Since then, Davos has become a regular place for the annual forum meetings. The Foundation's talling has spread to a wider range of critical questions such as health, water resources and terrorism. The world's leaders from the public and private sectors serve on the Basic Council for three yearsAnd sets long -term objectives of the organization as a whole. The International Commercial Council serves as Brain Trust and consists of 100 executives and General Directors at a high level. Daily management and financial supervision are provided by the Board of Directors.
Unlike the World Bank or the International Monetary Fund (IMF), the World Economic Forum does not provide money to nations. However, it shares a common ideology that global economic development creates better lives for the citizens of the world. The World Economic Forum is independent and there is no harmonization of any political party in terms of problems that they could solve.
Membership in the World Economic Forum includes more than 1,000 leading companies and small enterprises in industrial and developing countries. Many members play an important role in their regions, industries and nations. Government, Education, Religion, Art and NGO (NGO)They are raining with the forum members to solve global fears.
Some of the initiatives proposed by the world economic forum include sustainable agriculture through public and private partnerships using market solutions. Forum also works on global health systems dealing with HIV/AIDS, tuberculosis and malaria. It also teamed up with the World Trade Council for Sustainable Development (WBCSD) and the World Energy Council, which advocates an increased approach to modern energy services in rural and constructable regions using investment from the private sector.