what is wef

The World Economic Forum (WEF) is an international non-governmental and lobbying organization for multinational companies based in Cologny, Canton of Geneva, Switzerland. It was founded on January 24, 1971, by German engineer Klaus Schwab. The WEF is an independent international organization committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas. The Forum engages the foremost political, business, cultural, and other leaders of society to improve the state of the world. The WEF brings together government, businesses, and civil society to improve the state of the world. The foundation is mostly funded by its 1,000 member companies, typically global enterprises with more than US$5 billion in turnover, as well as public subsidies. The WEFs mission is to influence global agendas and decision-making, lobbying for public-private cooperation. The WEF is known for its annual meeting in Davos, Switzerland, which brings together leaders from around the world to discuss global issues.