World Economic Forum

The World Economic Forum (WEF) is an independent, international, not-for-profit organization based in Geneva, Switzerland. Founded in 1971 by Swiss business professor Karl M. Schwab, the WEF serves as a platform for business and political leaders from numerous countries to discuss and debate social and economic issues of global concern. According to the WEF, its mission is to improve the state of global political, economic, and social affairs in coordination with various industry and governmental partners. The core membership of the WEF consists in about a thousand corporations, most of which are among the foremost multinational corporations in the world. Member corporations must meet annual revenue requirements and pay significant annual fees in support of their membership in the WEF. The WEF's annual meeting is ...