WORLD ECONOMIC FORUM

Subject: International Organisations

Context:

Tamil Nadu government’s nodal agency for investment promotion and single window facilitation, has partnered with the World Economic Forum (WEF) to establish India’s first advanced manufacturing hub (AMHUB)

Concept:

World Economic Forum:

The World Economic Forum is the International Organization for Public-Private Cooperation.

The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.

It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland.

It is independent, impartial and not tied to any special interests.

The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at the heart of everything it does.

The activities are shaped by a unique institutional culture founded on the stakeholder theory, which asserts that an organization is accountable to all parts of society. The institution carefully blends and balances the best of many kinds of organizations, from both the public and private sectors, international organizations and academic institutions.

It believes that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

The Forum strategy is simple and effective: bring together the most relevant leaders from all sectors of global society, and identify the best ways to address the world’s most significant challenges.

It works. For almost 50 years, the Forum has been the catalyst for global initiatives, historic shifts, industry breakthroughs, economic ideas and tens of thousands of projects and collaborations.

2020 theme: Stakeholders for a Cohesive and Sustainable World

Publications

Global risk report

Readiness for the future of production

Global gender gap report

Inclusive development index

Global competitiveness report (index)

Global human capital report (index)

Travel and tourism competitiveness report (index)

Global energy architecture performance index report