World Economic Forum (WEF): Facts for UPSC Prelims
| Section | Details |
|---|---|
| Introduction | – Founded: 1971 by Klaus Schwab. – Headquarters: Geneva, Switzerland. – Nature: Non-governmental international organization. – Purpose: Focuses on fostering public-private cooperation to address global challenges like economic development, climate change, and technological advancement. |
| Objectives | – Promote global economic progress through sustainable growth and innovation. – Enhance public-private partnerships to tackle global challenges. – Facilitate dialogues and collaboration among governments, businesses, and civil societies. – Provide platforms for knowledge sharing on critical global issues. – Advocate for inclusive economic growth and environmental sustainability. |
| Reports/Indices | – Global Competitiveness Report – Global Risks Report – Global Gender Gap Report – Future of Jobs Report – Energy Transition Index – Travel & Tourism Development Index – Global Social Mobility Report – Global Information Technology Report – Global Enabling Trade Report – Global Human Capital Report – Global Financial Development Report – Global Social Mobility Index – Inclusive Development Index – Global Lighthouse Network Report – Global Technology Governance Report – Global Cybersecurity Outlook – Global Future Council Reports |
| Instruments | – Annual Meetings: Davos Summit and regional summits. – Publications: Reports, white papers, and indices on global issues. – Platforms: Digital tools like Global Future Councils and Strategic Intelligence. – Partnerships: Collaborations with organizations like the UN and WHO. – Initiatives: Projects addressing climate action, inclusive capitalism, and sustainable development. |
| Structure | – Board of Trustees: Governs strategic direction. – Executive Committee: Manages day-to-day operations. – Members and Partners: Includes 1,000+ multinational corporations. – Stakeholders: Comprises civil society, academics, media, and global influencers. |
| Subsidiary Organs | – Global Shapers Community: Engages young leaders to create social change. – Forum of Young Global Leaders: A network of leaders under 40 tackling global challenges. – Centre for the Fourth Industrial Revolution: Develops policies for emerging technologies. – Schwab Foundation for Social Entrepreneurship: Promotes social enterprises globally. |
| Committees | – Steering Committees: Focus on thematic areas like climate change and technology governance. – Global Future Councils: Expert networks analyzing trends and providing insights. – Regional Committees: Address specific regional issues through dedicated representation. |
| Major Initiatives | – The Great Reset – Climate Action Platform – Reskilling Revolution – Net-Zero Carbon Cities – UpLink Platform – Food Systems Initiative – Edelman Trust Barometer Collaboration – Future of the Connected World – Transitioning Industrial Clusters – 100 Million Farmers Initiative – AI Governance Alliance – Global Smart Cities Alliance – Global Water Initiative – Platform for Accelerating the Circular Economy – Trillion Tree Campaign – Partnering Against Corruption Initiative |
