Define: World Economic Forum

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Definition: World Economic Forum


Quick Summary


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


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


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.