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Founded in : 1971
Headquarter : Switzerland
Executive Chairmen : Klaus Schwab (founder)
Formerly called : European management forum
World economic forum was founded in 1971 by Klaus
Schwab, who was a business professor at the University of
Formerly it is known as “European management forum”, In
1987 it was renamed as “World Economic Forum”.
In first meeting 444 western European firm’s executives were
This meeting was focused on how European firms could
catch up with US management firms.
In meeting of 1973 ,it expands it focus from
management to economic and social issues and
in 1974 , first time political leaders were invited in
the meeting of Davos.
World Economic Forum
World economic Forum is a Swiss non-profit
foundation promoting global improvement
through the collaboration of private and public
Early forum focused predominantly on
European trade and competition with the rest
of world, now agenda has expanded to
political and economic issues.
The world economic forum is committed to
improve the state of the world.
It strives all its efforts to demonstrate
entrepreneurship in the global public interest
while upholding the highest standard of
Working of WEF
Every year member companies and political
bodies are called up for meeting.
This year meeting was scheduled from 19th of
Here they will discuss about major issues
concerned with the world.
Key themes of this year :
Rise of the Robot
Facts about World Economic
The annual meeting was held in 1971 with 444 members
while this year 2500 members are participating.
First annual meeting last for 16 days, this year it runs from
21st January to 25th January.
First and only time forum’s annual meeting was held
outside Davos was in 2002, when it was held in New York
because of 9/11 terrorist attack.
The annual meeting generates $45 million for Swiss