Define: World Economic Forum

UK Accounting Glossary

Definition: World Economic Forum

Quick Summary of World Economic Forum

The World Economic Forum is the International Organisation for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society in order to shape global, regional and industry agendas.

What is the dictionary definition of World Economic Forum?

Dictionary Definition

The World Economic Forum is a not-for-profit organisation that holds an annual meeting for business leaders, politicians, academics, influencers and opinion formers.

The meetings are usually held in Davos, Switzerland; however the forum also holds several regional meetings a year in different parts of the world.

The forum which first met in 1971, operates out it’s headquarters in Geneva; however, it also has offices in New York and Beijing.


Full Definition of World Economic Forum

The World Economic Forum Annual Meeting in Davos-Klosters convenes world leaders across Politics, Business, Academia and Society to discuss the core global, regional and industry agendas at the beginning of each year.

The World Economic Forum’s mission is to improve the state of the world, which has driven the design and development of the Annual Meeting objectives.


World Economic Forum FAQ's

What does the World Economic Forum do?

The World Economic Forum is the International Organisation for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.

Where is the World Economic Forum?

The World Economic Forum (WEF) is based in Cologny-Geneva, Switzerland.

Who founded the World Economic Forum?

The World Economic Forum was founded by the German Engineer and Economist Klaus Schwab.

Klaus Martin Schwab was born on the 30th March 1938 in Ravensburg, Germany.

Klaus Schwab is also the executive chairman of the World Economic Forum.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
World Economic Forum. Payroll & Accounting Heaven Ltd. January 23, 2020
Chicago Manual of Style (CMS):
World Economic Forum. Payroll & Accounting Heaven Ltd. (accessed: January 23, 2020).
American Psychological Association (APA):
World Economic Forum. Retrieved January 23, 2020, from website:

Definition Sources

Definitions for World Economic Forum are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 29th January 2019.