The 54th World Economic Forum Annual Meeting begins on January 15 in Davos, Switzerland and it will conclude on January 19, 2024.
This year, approximately 2,500 political leaders, business executives, academics, and other influential figures will participate in the World Economic Forum to engage in discussions on pressing global issues and collaborate on finding solutions.
Here are some key highlights from the World Economic Forum (WEF) Meeting 2024
Theme of WEF 2024
The central theme of “Rebuilding Trust” is driving discussions, focusing on rebuilding trust between various stakeholders in the face of global challenges like climate change, economic inequality, and geopolitical tensions.
High-profile attendees:
Numerous world leaders, CEOs, academics, and activists are participating, including António Guterres (UN Secretary-General), Ajay Banga (President of the World Bank Group), Tedros Adhanom Ghebreyesus (Director-General of the World Health Organisation), and political figures from India, the US, China, France, and Sri Lanka.
Indian representatives in WEF
India is being represented at the World Economic Forum (WEF) by Smriti Irani, the Union Minister of Women & Child Development; Ashwini Vaishnaw, the Minister for Railways, Communications, Electronics and Information Technology; and Hardeep Singh Puri, the Union Minister for Housing and Urban Affairs, as well as the Minister for Petroleum and Natural Gas.
Indian Industrialists in WEF
Notable industrialists and VIPs, including Gautam Adani, Nadir Godrej, Sajjan Jindal, Roshni Nadar Malhotra, Nandan Nilekani, and Sumant Sinha, will also be part of the WEF delegation.
About WEF
The World Economic Forum (WEF) is an international organization known for its annual meetings in Davos, Switzerland.
Objective of WEF
The primary objective of the World Economic Forum is to foster public-private cooperation and dialogue on a wide range of topics, including economic development, technology, environmental sustainability, healthcare, and more.
In addition to the annual meeting in Davos, the WEF conducts regional meetings and initiatives throughout the year, contributing to ongoing discussions and initiatives addressing global concerns.
- The organization plays a crucial role in shaping international agendas and fostering a collaborative approach to address the complex challenges of our time.
Founding of the World Economic Forum
The World Economic Forum (WEF) was initiated by German professor Klaus Schwab.
A mechanical engineering graduate who later earned a Master of Public Administration degree from the John F. Kennedy School of Government at Harvard University, Schwab served as a professor of business policy at the University of Geneva from 1972 to 2003.
In 1971, he founded the WEF, originally known as the European Management Forum.
Klaus Schwab introduced the concept of “stakeholder capitalism,” which advocates for companies to prioritize long-term value creation by considering the needs of all stakeholders and society at large, not just optimizing short-term profits for shareholders.
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