What is the Full Form of WEF?

The World Economic Forum (WEF) is an international organization for public-private cooperation. It brings together business, political, academic, and other leaders to address global economic and social issues.

 

Establishment:

 The WEF was founded in 1971 by Klaus Schwab.

Mission and Objectives:

• Global Dialogue: The WEF fosters global dialogue and collaboration on key issues like economic growth, environmental sustainability, and social inclusion.

• Annual Meetings: The WEF is best known for its annual meeting in Davos, Switzerland, where leaders gather to discuss pressing global challenges.

• Initiatives and Reports: The WEF conducts research and publishes reports on topics such as global competitiveness, gender equality, and technological advancements.

Impact of the WEF:

• Policy Influence: The WEF influences policy-making by providing a platform for discussion and idea exchange among influential leaders.

• Networking Opportunities: It offers networking opportunities for leaders from various sectors, fostering partnerships and collaborations.

• Innovative Solutions: The WEF promotes innovative solutions to global challenges, encouraging sustainability and inclusive growth.

Key Events:

• Davos Meeting: The annual meeting in Davos is the WEF's flagship event, attracting leaders from around the world.

• Regional Summits: The WEF also organizes regional summits to address specific issues pertinent to different parts of the world.

• Industry Partnerships: The WEF collaborates with industries to tackle sector-specific challenges and promote best practices.

 

PYQs On WEF

 

Q. What is the full form of the WEF?

Ans. The full form of the WEF is the World Economic Forum.