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Formerly called. European Management Forum. The World Economic Forum ( WEF) is an international non-governmental organization, think tank, and lobbying organisation [ 1][ 2] based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer Klaus Schwab. The foundation, which is mostly funded by its 1,000 ...
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services. [ 1][ 2] In ...
Great Reset. The Great Reset Initiative is an economic recovery plan drawn up by the World Economic Forum (WEF) in response to the COVID-19 pandemic. [ 1] The project was launched in June 2020, and a video featuring the then-Prince of Wales Charles was released to mark its launch. [ 2] The initiative's stated aim is to facilitate rebuilding ...
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database.
The Group of Five is a context-dependent shorthand term for a group of five nations. The composition of the five and what is encompassed by the term is construed differently in different time frames. Initially, the term "Group of Five" or "G5" encompassed the five leading economies of the world, but the use of the term changed over time.
The economists Harry White (left) and John Maynard Keynes at the Bretton Woods Conference [27]. The WTO precursor General Agreement on Tariffs and Trade (GATT) was established by a multilateral treaty of 23 countries in 1947 after World War II in the wake of other new multilateral institutions dedicated to international economic cooperation—such as the World Bank (founded 1944) and the ...
That’s why the World Economic Forum gets granular in its risk survey, asking business and government leaders about a more detailed range of threats—and analyzing how those threats influence ...
The Global North and the Global South are often defined in terms of their differing levels of wealth, economic development, income inequality, and strength of democracy, as well as by their political freedom and economic freedom, as defined by a variety of freedom indices. Countries of the Global North tend to be wealthier, less unequal, more ...