16 noviembre 2020 Partnership against Cybercrime Of all the types of crime, cybercrime continues to increase at the fastest rate. The goal of our 50th Annual Meeting is to establish "stakeholder capitalism" as the best model for delivering sustainable, inclusive growth capable of repairing the inequalities and divisions that have scarred our societies.. Nearly 3,000 people from 117 countries will participate in the 2020 Annual Meeting to advance this vision. Rapporto ISPI 2020 LA VORI IN CORSO per la quale è ancora difficile immaginare i possibili esiti. According to the European Parliament's Think Tank, critics see the WEF as an instrument for political and business leaders to 'take decisions without having to account to their electorate or shareholders'. Rapporto del World Economic Forum 2020. ROSCONGRESS FOUNDATION EVENTS. December 2020 (Number 108) The COVID-19 pandemic will cast a long shadow and raises uncertainty over the world’s economies. The World Economic Forum (WEF), based in Cologny, Geneva Canton, Switzerland, is an international NGO, founded on 24 January 1971. Russian Investment Forum Business Dialogue Investments Growth 2021 Sochi, Russia Eastern Economic Forum Business Dialogue Growth Investments … At the current pace, the Global Gender Gap can potentially be closed in 99.5 years. Under the Gleneagles Dialogue on Climate Change, the U.K. government asked the World Economic Forum at the G8 Summit in Gleneagles in 2005 to facilitate a dialogue with the business community to develop recommendations for reducing greenhouse gas emissions. As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. Ideologically: the liberal western model is no longer considered a universal role model that other countries strive for (with China's digital totalitarianism or the traditional absolutism in the Persian Gulf as counter-proposals, all of which are represented by government members in Davos). 'Horizontal trade' looks to upswing at Davos meet, The Local, Retrieved 19 May 2020. What were once givens regarding alliance structures and multilateral systems no longer hold as states question the value of long-standing frameworks, adopt more nationalist postures in pursuit of individual agendas and weigh the potential geopolitical consequ… In the summer of 1971, Schwab invited 444 executives from Western European firms to the first European Management Symposium held in the Davos Congress Centre under the patronage of the European Commission and European industrial associations, where Schwab sought to introduce European firms to American management practices. An unsettled world . The Open Forum has been held in the local high school every year, featuring top politicians and business leaders. For example, cyberattacks, income disparity and unemployment entered the set of global risks in 2012. Global Risks 2020: An Unsettled World. Approximately 140 companies have joined the initiative.[68]. [32], At the 2018 annual meeting, more than 3,000 participants from nearly 110 countries participated in over 400 sessions. PACI is a platform for peer exchange on practical experience and dilemma situations. [22], On October 10, 2016, the WEF announced the opening of its new Center for the Fourth Industrial Revolution in San Francisco. He then founded the WEF as a nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January. [28] In 2014, WEF raised annual fees by 20 percent, bringing the cost for "Strategic Partner" from CHF 500,000 ($523,000) to CHF 600,000 ($628,000). Annual Report 2019-2020 An account of the World Economic Forum’s milestone 50th year. The global economy is pro-jected to grow by 3.5% in 2019 and by 3.6% in 2020. World Economic Forum 2007-2020, Global Risks Reports. I campi obbligatori sono contrassegnati * Name* Email* While protesters are still more numerous in large Swiss cities, the protest movement itself has undergone significant change. Female participation increased from 9% to 15% between 2001 and 2005. [34] Not all the journalists are given access to all areas, however. 2 World Economic Forum ha fatto notare che molti dei partecipanti fanno di... Risks Report is published as critical Risks are manifesting conosciuto nei decenni scorsi ) the COVID-19 pandemic will a... Non governative businesses at the human side of things many of the World Economic Forum is being used as educational... Broadcast of the World ’ s Report examines gender gap can potentially be closed in years! 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world economic forum 2020 pdf

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The WEO is prepared by the IMF staff and has benefited from comments and suggestions by Executive Directors following their discussion of the report on September 30, 2020. Now in its 14th year, the Global Gender Gap Report 2020 benchmarks 153 countries on their progress towards gender parity in four dimensions: Economic Participation and Opportunity, Educational Attainment, Health and Survival and Political Empowerment. The Global Shapers Community, an initiative of World Economic Forum, selects young leaders below 30 years old based on their achievement and potential to be change agents in the world. In this study, the richest one percent of people in the world own forty-eight percent of the world's wealth. [13], In 2017, the WEF in Davos attracted considerable attention when for the first time, a head of state from the People's Republic of China was present at the alpine resort. [33], As many as 500 journalists from online, print, radio, and television take part, with access to all sessions in the official program, some of which are also webcast. The organization also convenes some six to eight regional meetings each year in locations across Africa, East Asia, Latin America, and India and holds two further annual meetings in China and the United Arab Emirates. The feedback from the event was very positive with 85% of the followers rating the Forum 2020 at 4 or above out of 5. Ten thousand demonstrators disrupted a regional meeting of the World Economic Forum in Melbourne, obstructing the path of two hundred delegates to the meeting. He sharply rebuked the current populist movements that would introduce tariffs and hinder global commerce, warning that such protectionism could foster isolation and reduced economic opportunity. The GHI's mission was to engage businesses in public-private partnerships to tackle HIV/AIDS, tuberculosis, malaria, and health systems. [18][19], The 2021 World Economic Forum is due to be held from 25-28 May in Singapore. With increasing limitations on world trade through national interests and trade barriers, the WEF has moved towards a more sensitive and socially-minded approach for global businesses with a focus on the reduction of carbon emissions in China and other large industrial nations. All news . [66], The WHO declared a global health emergency 6 days later.[67]. Now in its 14th year, the Global Gender Gap Report 2020 benchmarks 153 countries on their progress towards gender parity in four dimensions: Economic Participation and Opportunity, Educational Attainment, Health and Survival and Political Empowerment. The report “Public Good or Private Wealth” stated that 2,200 billionaires worldwide saw their wealth grow by 12 percent while the poorest half saw its wealth fall by 11 percent. The mix of hosting countries varies from year to year, but consistently China and India have hosted throughout the decade since 2000.[50]. [105][106], "Davos Man" is a neologism referring to the global elite of wealthy (predominantly) men, whose members view themselves as completely "international". In addition, this year’s report examines gender gap prospects in the professions of the future. Performance must be measured not only on the return to shareholders, but also on how it achieves its environmental, social and good governance objectives. There are no further details provided to what asset classes or individual names the WEF allocates its financial assets of SFr 261 million. To its proponents, the organisation – through its meetings – enables business, NGOs and political leaders to meet and debate possible solutions to key issues of global concern. [115], In 2017, the former FAZ-Journalist Jürgen Dunsch criticized that financial reports of the WEF were not very transparent since neither income nor expenditures were broken down. 27 Over 200 of the world’s largest firms estimated that … Interested in getting engaged with World BioEconomy Forum? [87] The second WEF annual meeting was held in Dubai in November 2017, when there were 35 distinct councils focused on a specific issue, industry or technology. He stated that "his government will seek to better integrate Brazil into the world by mainstreaming international best practices, such as those adopted and promoted by the OECD". In 2016 WEF published an article in which it is said, that in some cases reducing consumption can increase the life level. Many argued that GDP is failed to represent correctly the wellbeing and that fossil fuel subsidies should be stopped. From Goldman Sachs bankers to United Nations bureaucrats, delegates have descended on Davos, Switzerland, for the 2020 annual meeting of the World Economic Forum (WEF). [45] For 2019, Bloomberg has identified a total of 436 listed corporates that participated in the Annual Meeting while measuring a stock underperformance by the Davos participants of c. -10% versus the S&P 500 during the same year. The world cannot wait for the fog of geopolitical and geo-economic uncertainty to lift. At the Annual Meeting 2003, for example, Jeroo Billimoria met with Roberto Blois, deputy secretary-general of the International Telecommunication Union, an encounter that produced a key partnership for her organization Child helpline international.[55]. ", "is more than an economic unit generating wealth. [58], The "Risk Response Network"[59] produces a yearly report assessing risks which are deemed to be within the scope of these teams, have cross-industry relevance, are uncertain, have the potential to cause upwards of US$10 billion in economic damage, have the potential to cause major human suffering, and which require a multi-stakeholder approach for mitigation. As Founder and Executive Chairman Professor Klaus Schwab writes, the achievements of the year r... Descargar PDF Watch replays from World Economic Forum 2020 and learn more about the key takeaways organizations should amplify in 2020. at the World Economic Forum Centre for the Fourth Industrial Revolution; Wilson China Fellow Jeff Merritt Head of Internet of Things, Robotics and Smart Cities, Member of Executive Committee, World Economic Forum Shaping the Future of the Internet of Bodies: New challenges of technology governance July 2020 "Davos runs an almost caste-like system of badges", according to BBC journalist Anthony Reuben. embodied through the Brexit vote or congressional blockades in the USA). The 15th edition of the World Economic Forum’s Global Risks Report is published as critical risks are manifesting. CESifo Forum/2018 December 4 Volume 19 Chang Woon Nam* World economic outlook for 2019 and 2020 According to the latest IMF world economic outlook,1 global output is estimated to have grown by 3.7% in 2018 despite weaker performance in some Asian and European economies. World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery June 24, 2020 Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The meeting brings together some 3,000 business leaders, international political leaders, economists, celebrities and journalists for up to five days to discuss global issues, across 500 sessions. Later that month, the Swiss house of representatives (Nationalrat) also agreed to increase police and military expenditures to CHF 39 million while the Kanton of Graubünden contributes CHF 2.25 million, the same amount the WEF is paying for security costs. What It's Like To Be A Woman At The Old Boys Economic Forum. [42] Among the attendees were heads of state or government, cabinet ministers, ambassadors, heads or senior officials of international organizations) attended the annual meeting, including: Sanna Marin (Prime Minister of Finland), Ursula von der Leyen (President of the European Commission), Christine Lagarde (ECB President), Greta Thunberg (climate activist), Ren Zhengfei (Huawei Technologies founder), Kristalina Georgieva (Managing director of the IMF), Deepika Padukone (Bollywood actress), George Soros (investor) and Donald Trump (President of the United States). The World Economic Forum Annual Meeting in Davos-Klosters is the foremost creative force for engaging the world's top leaders in collaborative activities to shape the global, regional and industry agendas at the beginning of each year. The number of emerging diseases is rising and this rise is linked to Deforestation and Species loss. Gender parity is fundamental to whether and how economies and societies thrive. The foundation's highest governance body is the foundation board. In this report the forum estimated that approximately half of the global GDP is dependent highly or moderately on nature and 1 dollar putted on nature restoration yields 9 dollars in profit.[61][62]. [2] It also produces a series of reports and engages its members in sector-specific initiatives.[3]. [103], Since the annual meeting in January 2003 in Davos, an Open Forum Davos,[104] which was co-organized by the Federation of Swiss Protestant Churches, is held concurrently with the Davos forum, opening up the debate about globalization to the general public. DAVOS 2020 Deloitte at WEF Davos 2020. It is also says that half of the global GDP is moderately or largely dependent on nature. The WEF was founded in 1971 by Klaus Schwab, a business professor at the University of Geneva. the World Economic Forum’s 2018 Future of Jobs Report, which forecasts a figure of 133 million new jobs over the 2018–2022 period as the baseline, the emerging professions of the future analysed in this report will account for 6.1 million opportunities globally in 2020–2022. [85], The forum proposed a plan for a Green recovery. [97], After 2014, the protest movement against the World Economic Forum largely died down, and Swiss police noted a significant decline in attending protesters, 20 at most during the meeting in 2016. "[35] All plenary debates from the annual meeting also are available on YouTube[36] while photographs are available on Flickr. The WEF's mission is stated as "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".[1]. After 20+ years of innovation and global growth, the business world closed out 2019 at a crossroads, facing a range of social and environmental challenges. Davos 2020: The race for global scale anuary 2020 7 The first Davos Forum inspired conversations around the dismantling of the gold standard, and emergence of the U.S. dollar as the world’s reserve currency. [26], The foundation is funded by its 1,000 member companies, typically global enterprises with more than five billion dollars in turnover (varying by industry and region). Download PDF. In this meeting the World Economic Forum: In April 2020, the forum published an article that postulates that the COVID-19 pandemic is linked to the destruction of nature. Strategic insights and contextual intelligence from the World Economic Forum. Una fase di transizione causata dal declino del mondo liberale occidentale per come lo abbiamo conosciuto nei decenni scorsi. Among the mentioned methods, there is Green building, Sustainable transport, Organic farming, Urban open space, Renewable energy and Electric vehicles. The "Competitiveness Team"[56] produces a range of annual economic reports (first published in brackets): the Global Competitiveness Report (1979) measured competitiveness of countries and economies; The Global Information Technology Report (2001) assessed their competitiveness based on their IT readiness; the Global Gender Gap Report examined critical areas of inequality between men and women; the Global Risks Report (2006) assessed key global risks; the Global Travel and Tourism Report (2007) measured travel and tourism competitiveness; the Financial Development Report (2008)[57] aimed to provide a comprehensive means for countries to establish benchmarks for various aspects of their financial systems and establish priorities for improvement; and the Global Enabling Trade Report (2008) presented a cross-country analysis of the large number of measures facilitating trade among nations. [29], The flagship event of the World Economic Forum is the invitation-only annual meeting held at the end of January in Davos, Switzerland, bringing together chief executive officers from its 1,000 member companies, as well as selected politicians, representatives from academia, NGOs, religious leaders, and the media in an alpine environment. PerceptionSurvey2019–2020. In 1992, South African President F. W. de Klerk met with Nelson Mandela and Chief Mangosuthu Buthelezi at the annual meeting, their first joint appearance outside South Africa. [69] In the Davos Manifesto 2020 it is said that a company among other: "acts as a steward of the environmental and material universe for future generations. In a baseline scenario--which assumes that the pandemic fades in the … [31] Informal winter meetings may have led to as many ideas and solutions as the official sessions. Davos: Impressions of a First-Time Attendee, The Journal Blog, Retrieved 19 May 2020. [74][75] PACE is co-chaired by Frans van Houten (CEO of Philips), Naoko Ishii (CEO of the Global Environment Facility, and the head of United Nations Environment Programme (UNEP). According to the WEF, the center will "serve as a platform for interaction, insight and impact on the scientific and technological changes that are changing the way we live, work and relate to one another". barely rise). Davos 2020: The race for global scale anuary 2020 7 The first Davos Forum inspired conversations around the dismantling of the gold standard, and emergence of the U.S. dollar as the world’s reserve currency. Beside meetings, the organization provides a platform for leaders from all stakeholder groups from around the world – business, government and civil society – to collaborate on multiple projects and initiatives. Several women have since shared their personal impressions of the Davos meetings in media articles, highlighting that issues were more profound than "a quota at Davos for female leaders or a session on diversity and inclusion". [93] In November 2020, a conspiracy theory spread alleging a cabal of elites planned to take advantage of the pandemic so they could secure greater levels of global economic control, and possibly societal control, like the New World Order. Worldwide economic stress and damage from natural disasters in 2018 totalled US$165 billion, and 50% of that total was uninsured. [96] Small demonstrations are held in Davos on most but not all years, organised by the local Green Party (see Anti-WEF protests in Switzerland, January 2003) to protest against what have been called the meetings of "fat cats in the snow", a tongue-in-cheek term used by rock singer Bono. Every year regional meetings take place, enabling close contact among corporate business leaders, local government leaders, and NGOs. Note: Global risks may not be strictly comparable across years, as definitions and the set of global risks have evolved with new issues emerging on the 10-year horizon. 2 World Economic Forum 91-93 route de la Capite CH-1223 Cologny/Geneva Switzerland Tel. "[70], The Environmental Initiative covers climate change and water issues. The event in Davos will be covered by some 500 journalists reporting for … [14], In 2018, Indian Prime Minister Narendra Modi gave the plenary speech, becoming the first head of state from India to deliver the inaugural keynote for the annual meet at Davos. It is open to all members of the public free of charge. ... 25.09.2020. Al Gore summarized the ideas in the conference as: “I don’t want to be naive, but I want to acknowledge that the center of the global economy is now saying things that many of us have dreamed they might for a long time,” "“The version of capitalism we have today in our world must be reformed,”.[82]. Winnie Byanyima, the executive director of the anti-poverty confederation Oxfam International co-chaired the 2015 meeting, where she presented a critical report of global wealth distribution based on statistical research by the Credit Suisse Research Institute. ", "responsibly manages near-term, medium-term and long-term value creation in pursuit of sustainable shareholder returns that do not sacrifice the future for the present. United Nations Economic and Social Council, H.M. 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The plan includes advancing Circular economy. The Global Gender Gap Index 2020. [10] Following the publication, the WEF excused the publication as "an unacceptable failure in the editorial process". Share. In the article, there are multiple examples of the degradation of ecological systems caused by humans. [80][81], The theme of 2020 World Economic Forum annual meeting was "Stakeholders for a Cohesive and Sustainable World". 27 Marzo 2020. [25], The Managing Board is chaired by the WEF's President, Børge Brende, and acts as the executive body of the World Economic Forum. Season 2021. The article concludes that the recovery from the pandemic should be linked to nature recovery. In 2016, 18% of the WEF attendees were female; this number increased to 21% in 2017, and 24% in 2020, five years of growth. One of the methods is to achieve circular economy. [64], Between January 21–24, at the early stages of the COVID-19 outbreak, CEPI met with leaders from Moderna to establish plans for a COVID-19 vaccine at the Davos gathering,[65] with a total global case number of 274 and total loss of life the virus at 16. It’s time to look at the human side of things. [99], A number of NGOs have used the World Economic Forum to highlight growing inequalities and wealth gaps. For better measuring the well being, the New Economics Foundation’s has launched the Happy Planet Index.[73]. [94][95], During the late 1990s the foundation, along with the G7, World Bank, World Trade Organization, and International Monetary Fund, came under heavy criticism by anti-globalization activists who claimed that capitalism and globalization were increasing poverty and destroying the environment. "A white badge means you're one of the delegates – you might be the chief executive of a company or the leader of a country (although that would also get you a little holographic sticker to add to your badge), or a senior journalist. Powerful economic, demographic and technological forces are shaping a new balance of power. Watch replays from World Economic Forum 2020 and learn more about the key takeaways organizations should amplify in 2020. From Goldman Sachs bankers to United Nations bureaucrats, delegates have descended on Davos, Switzerland, for the 2020 annual meeting of the World Economic Forum (WEF). In regards to the Future of Work, the 2020 WEF set the goal of providing better jobs, access to higher quality education and skills to 1 billion people by 2030. The Technology Pioneers of 2020 bring together 100 early to growth-stage companies from around the world that are pioneering new technologies and innovations, ranging from the use of artificial intelligence to diagnose cancers and quantum computing systems, to carbon capture and removing technologies, cell-grown meat production and use of microbiome to track goods. In addition, this year’s report examines gender gap prospects in the professions of the future. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests. The Global Health Initiative was launched by Kofi Annan at the annual meeting in 2002. [5], Events in 1973, including the collapse of the Bretton Woods fixed-exchange rate mechanism and the Yom Kippur War, saw the annual meeting expand its focus from management to economic and social issues, and, for the first time, political leaders were invited to the annual meeting in January 1974. The Russian Embassy in Bern denied having carried out “preparatory work” for spying on the World Economic Forum. [43], An analysis by The Economist from 2014 found that the vast majority of participants are male and more than 50 years old. ... Il World Economic Forum ha fatto notare che molti dei partecipanti fanno parte di organizzazioni non governative. [27] In 2011 an annual membership cost $52,000 for an individual member, $263,000 for "Industry Partner" and $527,000 for "Strategic Partner". Participation included more than 340 public figures, including more than 70 heads of state and government and 45 heads of international organizations; 230 media representatives and almost 40 cultural leaders were represented. Membership is stratified by the level of engagement with forum activities, with the level of membership fees increasing as participation in meetings, projects, and initiatives rises. [98] Around 150 Tibetans and Uighurs protested in Geneva and 400 Tibetans in Bern against the visit of the China's paramount leader Xi Jinping for the 2017 meeting, with subsequent confrontations and arrests. : +41 (0)22 869 1212 Fax: +41 (0)22 786 2744 E-mail: contact@weforum.org This is reserved for white badge holders. The Global Risks Landscape 2020; The Global Risks Interconnections Map 2020; The Global Shapers Risk Landscape 2020 ; Risks for Doing Business 2019; Blogs and Opinions; Shareable Infographics; Press Release; Home. Since 2000, the WEF has been promoting models developed by those in close collaboration with the Schwab Foundation for Social Entrepreneurship,[52] highlighting social entrepreneurship as a key element to advance societies and address social problems. The new Manifesto will guide the next Forum on Jan. 21- 24, 2020. Il tuo indirizzo email non sarà pubblicato. The invitation was accepted but after the January 2016 North Korean nuclear test on 6 January, the invitation was revoked, and the country's delegation was made subject to "existing and possible forthcoming sanctions". This is the context in which the World Economic Forum publishes the 15 th edition of the Global Risks Report. He sees three central drivers for this development:[109]. Meetings are held in Africa, East Asia, Latin America, and the Middle East. [9], In January 2006, the WEF published an article in its Global Agenda magazine titled ”Boycott Israel”, which was distributed to all 2,340 participants of the Annual Meeting. Economic Geopolitical Environmental Societal Technological Source: World Economic Forum 2007-2020, Global Risks Reports. 26 A report by federal agencies suggests that, in the United States alone, climate-related economic damage could reach 10% of gross domestic product (GDP) by the end of the century. You would be most welcome to join the Forum which has several opportunities available. Business accounts for most of the participants' background (1,595 conference attendees) with the remaining seats shared between government (364), NGOs (246) and press (234). GLOBAL ECONOMIC PROSPECTS | JUNE 2020 LATIN AMERICA AND THE CARIBBEAN 83 FIGURE 2.3.2 LAC: Outlook and risks Activity in Latin America and the Caribbean (LAC) is expected to contract in 2020 by far more than it did during either the global financial crisis or the 1980s Latin American debt crisis. It fulfils human and societal aspirations as part of the broader social system. [4] First named the European Management Forum, it changed its name to the World Economic Forum in 1987 and sought to broaden its vision to include providing a platform for resolving international conflicts. On his first international trip to Davos, he emphasized liberal economic policies despite his populist agenda, and attempted to reassure the world that Brazil is a protector of the rain forest while utilizing its resources for food production and export. These enterprises rank among the top companies within their industry and/or country and play a leading role in shaping the future of their industry and/or region. As Founder and Executive Chairman Professor Klaus Schwab writes, the achievements of the year r... Descargar PDF Más información > 16 noviembre 2020 Partnership against Cybercrime Of all the types of crime, cybercrime continues to increase at the fastest rate. The goal of our 50th Annual Meeting is to establish "stakeholder capitalism" as the best model for delivering sustainable, inclusive growth capable of repairing the inequalities and divisions that have scarred our societies.. Nearly 3,000 people from 117 countries will participate in the 2020 Annual Meeting to advance this vision. Rapporto ISPI 2020 LA VORI IN CORSO per la quale è ancora difficile immaginare i possibili esiti. According to the European Parliament's Think Tank, critics see the WEF as an instrument for political and business leaders to 'take decisions without having to account to their electorate or shareholders'. Rapporto del World Economic Forum 2020. ROSCONGRESS FOUNDATION EVENTS. December 2020 (Number 108) The COVID-19 pandemic will cast a long shadow and raises uncertainty over the world’s economies. The World Economic Forum (WEF), based in Cologny, Geneva Canton, Switzerland, is an international NGO, founded on 24 January 1971. Russian Investment Forum Business Dialogue Investments Growth 2021 Sochi, Russia Eastern Economic Forum Business Dialogue Growth Investments … At the current pace, the Global Gender Gap can potentially be closed in 99.5 years. Under the Gleneagles Dialogue on Climate Change, the U.K. government asked the World Economic Forum at the G8 Summit in Gleneagles in 2005 to facilitate a dialogue with the business community to develop recommendations for reducing greenhouse gas emissions. As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. Ideologically: the liberal western model is no longer considered a universal role model that other countries strive for (with China's digital totalitarianism or the traditional absolutism in the Persian Gulf as counter-proposals, all of which are represented by government members in Davos). 'Horizontal trade' looks to upswing at Davos meet, The Local, Retrieved 19 May 2020. What were once givens regarding alliance structures and multilateral systems no longer hold as states question the value of long-standing frameworks, adopt more nationalist postures in pursuit of individual agendas and weigh the potential geopolitical consequ… In the summer of 1971, Schwab invited 444 executives from Western European firms to the first European Management Symposium held in the Davos Congress Centre under the patronage of the European Commission and European industrial associations, where Schwab sought to introduce European firms to American management practices. An unsettled world . The Open Forum has been held in the local high school every year, featuring top politicians and business leaders. For example, cyberattacks, income disparity and unemployment entered the set of global risks in 2012. Global Risks 2020: An Unsettled World. Approximately 140 companies have joined the initiative.[68]. [32], At the 2018 annual meeting, more than 3,000 participants from nearly 110 countries participated in over 400 sessions. PACI is a platform for peer exchange on practical experience and dilemma situations. [22], On October 10, 2016, the WEF announced the opening of its new Center for the Fourth Industrial Revolution in San Francisco. He then founded the WEF as a nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January. [28] In 2014, WEF raised annual fees by 20 percent, bringing the cost for "Strategic Partner" from CHF 500,000 ($523,000) to CHF 600,000 ($628,000). Annual Report 2019-2020 An account of the World Economic Forum’s milestone 50th year. The global economy is pro-jected to grow by 3.5% in 2019 and by 3.6% in 2020. World Economic Forum 2007-2020, Global Risks Reports. 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