The 54th Annual Meeting Of The World Economic Forum Has Begun At Davos, Switzerland. The Theme Of The Conference Is Rebuilding Trust, Emphasizing The Focus On Exploring The Opportunities Enabled By The New Technologies And Their Implications On Decision-making And Global Partnership.
What Is The World Economic Forum Meeting, Held Annually In Davos
Why In The News?
- The 54th Annual Meeting Of The World Economic Forum Has Begun At Davos, Switzerland. The Theme Of The Conference Is Rebuilding Trust, Emphasizing The Focus On Exploring The Opportunities Enabled By The New Technologies And Their Implications On Decision-making And Global Partnership.
- Issues Related To Climate Change, Threats From Artificial Intelligence, Economic Issues, Cooperation Amid Geopolitical Fragmentation And Other Problems Across The Globe Will Be Discussed. Ongoing Conflicts Like The Ukraine War, Israel-Hamas War Will Also Be Part Of The Agenda.
World Economic Forum
- Founded In 1971 The World Economic Forum, Is A Non-governmental Lobbying Organisation Founded By Economist Klaus Schwab. The Forum Strives In All Its Efforts To Demonstrate Entrepreneurship In The Global Public Interest While Upholding The Highest Standards Of Governance.
- The WEF Is Largely Funded By Its Partnering Corporations. These Are Generally Global Enterprises With Annual Turnover Greater Than $ 5 Billion. ItProvides A Platform “To Shape The Future, Accessing Networks And Experts To Ensure Strategic Decision-making On The Most Pressing World Issues.”
Annual Davos Summit
- Davos Brings Together Some 3,000 Paying Members And Selected Participants Among Whom Are Investors, Business Leaders, Political Leaders, Economists, Celebrities, And Journalists For Up To Five Days To Discuss Global Issues Across 500 Sessions.
- However, Its Salience Goes Far Beyond Discussions On Economic Issues. In The Past, It Has Been Used As A Location For Pivotal International Diplomacy As Leaders Are Able To Break Tensions In The Town. For Instance, In 1988 Greece And Turkey Avoided War, When The Two Signed The Davos Declaration.
India @ Davos 2024
- Union Ministers Smriti Irani, Ashwini Vaishnaw And Hardeep Singh Puri Will Be Representing India At The 5-day Event. Meanwhile, Three Chief Ministers – Maharashtra’s Eknath Shinde, Telangana’s Revanth Reddy And Karnataka’s Siddaramaiah Will Take Part In It.
- And Over A Hundred CEOs Will Also Be Part Of The Indian Delegation At The Forum. RBI Governor Shaktikanta Das And Ministers From The States Of Uttar Pradesh, Tamil Nadu, And Telangana Will Also Join The Meeting.
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