Friday, 8 February 2013


The annual World Economic meeting took place recently in Davos. The World Economic Forum was first set up in January 1971 when a group of European business leaders met in Davos, Switzerland.
A Partner in Shaping History - The First 40 Years
The Forum is perhaps most widely known for its Annual Meeting in Davos-Klosters. Annual business, government and civil society leaders meet to discuss major global issues. The European Management Forum is a non-profit organised based in Geneva founded by Professor Schwab.
In 1973 the annual meeting began to expand its focus to include economic and social issues, and political leaders were first invited to Davos in January 1974.
Two years later, the organization introduced a system of membership, which were "the 1,000 leading companies of the world". The European Management Forum changed its name to the World Economic Forum in 1987 and has since expanded its activities to include a Centre for Public-Private Partnerships, which engages businesses, civil society and political authorities in initiatives ranging from health in India to alliances combating chronic hunger in Africa. The Forum's knowledge centre has expanded to include several other competitive reports, including the Global Gender Gap Report,Global Risk reports and regional scenario reports.