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World Economic Forum

The World Economic Forum (WEF) is a not-for-profit foundation that was created by Klaus Schwab in 1971 with the purpose of improving the world through entrepreneurship in the global public interest. Headquartered in Geneva, Switzerland, WEF is governed by a foundation board that consists of 70 people representing business, civil society, politics, and academia. Overall membership in WEF consists of 1,000 foundation members from the most significant companies in the world as well as 1,500 experts. All members of WEF agree that global change cannot happen unless all of the stakeholders involved in specific issues are consulted and included in achieving solutions. In order to guarantee this cooperation, WEF remains an informal organization in which people can express their opinions openly and freely.

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