16 Facts About World Economic Forum


World Economic Forum is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland.

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Second European Management World Economic Forum, in 1972, was the first meeting at which one of the speakers at the forum was a head of government, President Pierre Werner of Luxembourg.

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World Economic Forum stated that "his government will seek to better integrate Brazil into the world by mainstreaming international best practices, such as those adopted and promoted by the OECD".

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However, on 17 May the World Economic Forum was cancelled; a new meeting will take place in the first half of 2022 instead with a final location and date to be determined later in 2021.

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In late December 2021, the World Economic Forum said in a release that pandemic conditions had made it extremely difficult to stage a global in-person meeting the following month; transmissibility of the SARS-CoV-2 Omicron variant and its impact on travel and mobility had made deferral necessary.

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Theme of the 2020 World Economic Forum annual meeting was 'Stakeholders for a Cohesive and Sustainable World'.

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Global Shapers Community, an initiative of World Economic Forum, selects young leaders below 30 years old based on their achievement and potential to be change agents in the world.

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World Economic Forum defines the system that it wants to create as "Stakeholder Capitalism".

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Swiss Green Party summarised their criticism within the Swiss National Council that the holding of the World Economic Forum has cost Swiss taxpayers hundreds of millions of Swiss francs over the past decades.

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The World Economic Forum has in this context filed legal complaints against at least three investigative articles by reporters Katie Gibbons and Billy Kenber that were published by the British newspaper The Times in March 2020.

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Critics emphasise that the annual meeting of the World Economic Forum is counterproductive when combating pressing problems of humanity such as the climate crisis.

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In December 2021, the Dutch government published its past correspondence with representatives of the World Economic Forum, showing extensive interaction between the WEF and the Dutch government.

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The newspaper highlighted that the WEF stated in its refusal message that it [the World Economic Forum] prefers media outlets it works with throughout the year.

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World Economic Forum says that the WEF "whitewash[es] a seemingly optimistic future post-Great Reset with buzz words like equity and sustainability" while it functionally jeopardizes those goals.

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World Economic Forum particularly criticised the control such people would exercise on people and their embracement of areas such as transhumanism.

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The Open World Economic Forum has been held in the local high school every year, featuring top politicians and business leaders.

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