World Economic Forum Davos Summit

  • The WEF summit is an annual event held at the ski resort of Davos in Switzerland.
  • The WEF 2021 was held virtually at Davos in Switzerland.

WORLD ECONOMIC FORUM

  • Initially, the name was the European Management Forum which got established in 1971.
  • It changed its name to the World Economic Forum in 1987.
  • It Sought to broaden its vision to include providing a platform for resolving international conflicts.
  • Headquarters: Cologny, Switzerland.
  • Head: Klaus Schwab. 
SUMMITS OF WEF
  • The World Economic Forum and its annual meeting in Davos are criticised regarding the public cost of security, the formation of a wealthy global elite without attachment to the broader societies, undemocratic decision processes, gender issues and a lack of financial transparency.
THE GREAT RESET
  • The theme "The Great Reset" represents a commitment to jointly and urgently build the foundations of the global economic and social system for a more fair, sustainable and resilient future.
  • The meeting aims at connecting key global governmental and business leaders in Davos with a global multi-stakeholder network in 400 cities around the world for a forward-oriented dialogue driven by the younger generation. 
  • The Forum has scheduled an extraordinary meeting this year in Singapore, that will take place between May 13 and 16

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