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The World Economic Forum (WEF) is an annual meeting among chief executives of the world's richest corporations, some national political leaders (presidents, prime ministers and others), and selected intellectuals and journalists, about 2000 people in all, usually held in Davos, Switzerland, along with related regional meetings by WEF members. It was founded in 1971 by Klaus M. Schwab , a business professor in Switzerland, and has helped fund his family foundation, the Schwab Foundation for Economic and Social Development .


1 Operations

According to its supporters, the WEF is an ideal place for dialogue and debate regarding the major social and economic problems of the planet, since representatives of both the most powerful economic organisations and the most powerful political organisations are present, since intellectuals also participate, and since there is a generally informal atmosphere encouraging wide-ranging debate.

According to its critics, the WEF is really just a business forum, where the richest businesses can easily negotiate deals with one another and lobby the world's most powerful politicians, and that the aim is profit-making rather than solving economic problems like poverty. Moreover, given the domination of the WEF by corporations, with the status of corporate personhood, and the influence of the WEF in global decision making, it is seen by some critics as an unelected, non-democratic, elitist, secretive world Senate.

For these reasons, WEF meetings have regularly attracted anti-globalization movement protests, especially since the Annual Meeting in January 2000. The suspension of civil liberties during the protests is seen by the critics as evidence of the collusion of local authorities with the anti- human rights nature of the WEF.

2 Geographical balance

While the WEF has the word World in its title, its membership, the membership of its board, and the attendance at its annual meetings are dominated by people from Europe, the USA and Japan. Since companies are only invited to the WEF if they have annual revenues of over $1 billion ( as of 2002), companies from poor countries are automatically underrepresented.

In the 20022002 is a common year starting on Tuesday (see link for calendar). 2002 was the first palindromic year since 1991 and the last until 2112. 2002 was also designated: International Year of Ecotourism and Mountains National Science Year in the United Kingdom Annual Meeting, 75% of participants were from Europe (39%) and the USA (36%), despite their representing only 17% of the world's population. West Asian participants were about five times overrepresented relative to their population, i.e. they constituted 4% of participants although they only represent 0.8% of the world's population.

Correspondingly, although 60% of us live in AsiaThe continent of Asia is defined by subtracting Europe and Africa from the great land mass of Africa-Eurasia. The boundaries are vague, especially between Asia and Europe: Asia and Africa meet somewhere near the Suez Canal. The boundary between Asia and E ( as of 2002), only 7.7% of the participants at the 2002 Annual Meeting were from Asia.



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