27 September 2020 09:02 PM

The World Economic Forum

Monday، 20 July 2009 12:00 AM

Background Information

In 1971, Professor Klaus Schwab, the then professor of Business Administration at the University of Geneva, gathered European business leaders in Davos, Switzerland, for a discussion on global management practices.

The success of this first conference led Professor Schwab to create the European Management Forum, which in 1987 changed its name to the World Economic Forum. The World Economic Forum is the foremost global community of business, political, intellectual and other leaders of society who are committed to improving the conditions of the world. The Forum is an independent, non-profit organization that brings these leaders together to work on projects that improve peoples’  lives. Since 1971, the scenic village of Davos has been the traditional site of the annual meeting.

Holding the meeting in such a setting rather than a bustling metropolis allows attendees to focus more easily on the issues at hand. The alpine location also means that local authorities are in a better position to implement the high level of security required for such an event.

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