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World Economic Forum (WEF): Definition and History of Meeting

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia.

Skylar Clarine is a fact-checker and expert in personal finance with a range of experience including veterinary technology and film studies.

What Is the World Economic Forum? (WEF)

The World Economic Forum (WEF) is an international organization headquartered in Geneva, Switzerland, that brings together individuals and political and business leaders each year to discuss significant issues that impact the global economy. These include but are not limited to political, economic, social, and environmental concerns.

The WEF is best known for its annual World Economic Forum Meeting at Davos, the Swiss ski resort. The event regularly draws business and political leaders from around the world for a series of discussions about global issues. The COVID-19 pandemic disrupted a half-century routine for this event, which was restored in 2022.

Key Takeaways

• The World Economic Forum (WEF) is a Geneva-based international organization that works toward global cooperation on the day's major economic and social issues.
• It is best known for its annual meeting in Davos, Switzerland, which brings together business and political leaders and thinkers to discuss global issues and solutions.
• The environment and related issues such as biodiversity destruction and human-made disasters dominate the WEF's current list of most pressing global concerns.
• The WEF has no independent decision-making power but seeks to influence people to make decisions that benefit the global community.
• The organization is funded through its membership, which includes many prominent business and political figures.

Understanding the World Economic Forum (WEF)

The World Economic Forum’s (WEF) membership is a cross-section of the global elite from the private and public sectors and includes some of the most prominent CEOs, diplomats, celebrities, media personalities, government officials, religious leaders, and union representatives from around the world.

Founded in 1971 in Geneva, the WEF has a mission based on what is known as stakeholder theory. Stakeholder theory proposes that while a private sector entity’s aim is to increase profits for its shareholders, it is incumbent upon the organization to view the rest of society as having a stake in the company’s actions. Stakeholders such as employees, customers the company serves, and the local and global community must be considered when making critical decisions.

Headquartered in Switzerland, the WEF has offices in New York, Beijing, Tokyo, San Francisco, and Mumbai.  

The WEF is funded by its own membership, which includes industry leaders and individuals from all walks of life. In addition, many celebrities, journalists, and interested individuals are willing to pay steep annual dues and meeting fees to attend.

Regional meetings are held in developing nations in Africa, East Asia, and Latin America, but the annual meeting in Davos, Switzerland, is the central meeting event for all members.

What the WEF Does

WEF meetings introduce new issues, trends, and organizations to members and the public for discussion and are commonly believed to influence corporate and public sector decision-making. The WEF organization has several ongoing projects aimed at addressing specific global concerns, including climate change, the fourth industrial revolution, and global security. It works with its international partners to bring about positive change in these areas.

The WEF also produces research into its members' areas of interest and helps guide public-private sector collaboration and communication among its members.

The World Economic Forum has no power to make decisions, but it may have considerable ability to influence political and business policy decisions. The purpose of its annual meeting is to bring the world's decision-makers together regularly to discuss the pressing problems of the day and consider how best to address them.

World Economic Forum (WEF) Annual Meeting

The WEF annual meeting in Davos, Switzerland, usually attracts about 2,500 people from more than 100 nations. The Davos meeting is covered by media outlets globally. Past Davos meetings have allowed government leaders to address issues of political conflict with one another, raising the stature of the yearly meeting to that of a political and economic forum.

The 2019 World Economic Forum Annual Meeting featured teenage environmental activist Greta Thunberg, who declared, "I don't want your hope. I want you to panic… and act."

The idea that the Forum could assist with global conflict resolution in addition to promoting its own best practices in business management was an early vision of WEF founder Klaus Schwab. Schwab, a German engineer and economist, now serves as the executive chair of the WEF.

Recent Meetings

A January 2021 meeting occurred virtually. Not surprisingly, much of the year's discussion centered on the pandemic, focusing on the fragility of the global supply chain that the pandemic revealed. The annual in-person meeting planned for August 2021 in Singapore under the theme of "The Great Reset" was canceled. In May 2022, the conference once again was held in person in Davos.

Topics discussed by leaders at the 2022 forum were the war in Ukraine, impacts on the global economy from the war and the COVID-19 pandemic, and the future of globalization. Also in the discussions were climate change, health, technology, entreprenuer and business roles, and what work will look like in the future.

What Is the Biggest Risk Facing the World According to the World Economic Forum?

Failure to act on cost of living crisis, extreme weather, geoeconomic confrontations, climate change , social cohesion erosion, and large-scale environmental damage are the top six short-term risks identified by the World Economic Forum Global Risks Report.

Who Are the Members of WEF?

The World Economic Forum does not publish a members list but does list meeting delegates. For example, there were about 2,000 delegates at the 2022 meeting in Davos.

What Is the World Economic Forum Agenda?

The World Economic Forum has three focus areas that drive its agenda and activities: mastering the fourth industrial revolution, solving the problems of the global commons , and addressing global security issues.

World Economic Forum. " Our Mission ."

Accounting Tools. " Stakeholder Theory Definition ."

World Economic Forum. " Office Locations ."

World Economic Forum. " Who Pays for Davos? "

World Economic Forum. " Annual Report 2021-2022 ," Page 88.

World Economic Forum. " World Economic Forum Annual Meeting ."

World Economic Forum. " What Are Our Key Areas of Focus? "

World Economic Forum. " Our House Is On Fire." Sixteen-Year-Old Greta Thunberg Wants Action ."

World Economic Forum. " Leadership and Governance ."

The New York Times. " The 2021 World Economic Forum Summit Will Be Rescheduled, Organizers Say ."

World Economic Forum. " The Davos Agenda, 25-59 January 2021 ."

Reuters. " World Economic Forum Cancels 2021 Annual Meeting in Singapore ."

World Economic Forum. " World Economic Forum Annual Meeting 2022 Rescheduled to 22-26 May ."

World Economic Forum. " Davos 2022 - What Just Happened? 9 Things to Know ."

World Economic Forum. " The Global Risks Report 2023 ," Page 14.

World Economic Forum. " Annual Report 2021-2022 ," Page 55.

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NEWS ANALYSIS

Davos Confronts a New World Order

The Covid-19 pandemic, invasion of Ukraine, trend toward autocracy and economic inequalities challenge the World Economic Forum’s relevance.

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By Roger Cohen

This article is part of our special report on the World Economic Forum’s annual meeting in Davos, Switzerland.

The World Economic Forum in Davos, Switzerland, finds itself navigating troubled waters. Long the affluent symbol of a globalizing world where the assumption was that more trade would bring more freedom, it now confronts international fracture, ascendant nationalism and growing protectionism under the shadow of war in Europe and sharp tensions between the United States and China.

The post-Cold War era, dominated by the idea that Western liberal democracy and free-market capitalism held all the answers, is over. This was the very ethos of Davos. It must now pivot to the new reality provoked by the Covid-19 pandemic, the war in Ukraine, the growth of extreme inequality and aggressive Russian and Chinese autocracies.

If the old is gone, the new order is not yet born. Power is shifting away from the United States as China’s military and economic heft grows, but the shape of an alternative international system is unclear.

One measure of a world transformed is that when thousands of Brazilian protesters, convinced without evidence of a stolen election last year, stormed the Brazilian Congress this month, their action felt like a copycat attack modeled on the assault on the United States Capitol of Jan. 6, 2021. It is one measure of Donald J. Trump’s legacy that many people now make this association.

The gathering in the Swiss mountains next week of politicians, business leaders, technology gurus, environmentalists and other Davos patrons, only the second in person after a two-year pandemic-induced hiatus, will wrestle with questions once unthinkable.

To what degree is the world de-globalizing as the threat to supply chains has become evident through Covid-19 and war? Is it possible to end the trench warfare in Europe that has already taken tens of thousands of Ukrainian and Russian lives and led to talk, far-fetched but insistent, of possible nuclear “Armageddon,” a word used by President Biden last year? If the conflict in Ukraine persists through 2023, as now appears plausible, how can a war-induced global recession be avoided as investment-curtailing uncertainty persists and prices soar?

These are some of the issues that will confront the assembled crowd. China is sending a vice premier, Liu He, to Davos, the first time a Chinese leader has attended the forum since the pandemic began. The American delegation will include Katherine Tai, the trade representative; John Kerry, Mr. Biden’s special envoy for climate; and Samantha Power, the administrator of the United States Agency for International Development. Volodymyr Zelensky, the Ukrainian president, has indicated that he will attend, although whether through video link or in person is unclear.

They will talk and they will exhort but Davos is about bringing people together, at least a certain class of people, and for now divisive pressures are strong. The politics of recent years have been dominated by nationalist revolts against elites by the very people Davos overlooked, from the American heartland to what the French call “the periphery.”

There have been other surprises. The Ukraine war has compounded the food insecurity that climate change had already induced across Africa and elsewhere. Many Africans have tired of Western promises of aid. The scramble in Europe for new sources of energy to replace Russian oil and gas, in societies under acute economic pressures, does not always favor expensive renewables or the conversion to “environmental capitalism” that so many business leaders in Davos have publicly embraced.

“We realize that countries are concerned over energy security, but we can’t jeopardize the planet by investing in legacy fossil fuel projects that will cause irreparable damage,” Mr. Kerry said in Davos last year.

Consensus on the environment, as on global security, is elusive. Saadia Zahidi, the managing director of the World Economic Forum, warned this month of a “vicious cycle” after its annual survey revealed deep concern over near-term economic volatility and a cost-of-living crisis.

“Polarization permeates our world, whether in domestic politics or interstate relations,” S. Jaishankar, the Indian minister of external affairs, wrote in a recent book called “The India Way.” He also noted: “We have been conditioned to think of the post-1945 world as the norm and departures from it as deviations. In fact our own complex history underlines that the natural state of the world is multipolarity.”

Convergence has gone out of fashion. There is no political consensus any longer over how to deliver prosperity to a networked world. Great power rivalry on a warming planet is the new reality. Economic opening did not lead to political opening in Russia or China, as had been widely predicted, with the result that rival democratic and autocratic blocs confront each other.

China’s Belt and Road Initiative has secured the allegiance of many countries through loans, infrastructure construction and trade accords. America now makes its own economics-must-serve-politics approach very clear. On a recent visit to India, Treasury Secretary Janet Yellen said that the United States wanted to “diversify away from countries that present geopolitical and security risks to our supply chain.” She singled out India as among “trusted trading partners.” The American targeting of China, its designated “strategic competitor,” could scarcely be more explicit.

Digital security and inclusiveness will be a major theme at Davos this year. Another reason for the Western turn away from China is the fear that data will be compromised. India, with its near universal connectivity, has led the way in demonstrating how technological leapfrogging can empower poorer sections of society. About 1.3 billion Indians now have a digital identity, and access to all banking activities online is commonplace.

“Nobody wants the current world order,” Amitabh Kant, who is responsible for India’s presidency of the Group of 20 this year, said in an interview. “There are still two billion people in the world with no bank account.”

Major power shifts are rarely peaceful. The tension between the world’s most powerful country, the United States, and its would-be successor, China, is hardly surprising. The confrontation demands of other countries that they choose sides.

Many prefer, however, to cherry-pick their allegiances, declining the binary choice offered by Mr. Biden in his depiction of a world at a tipping point between Western democratic openness and the strongman’s repression. India, a vibrant democracy but also a country with a tense 2,100-mile border with China that must be managed, is one of them, although it has grown steadily closer to the United States. More than a third of humanity lives on either side of that border.

India is one of several Asian countries where Western corporations are building factories to secure supply chains that circumvent China. These companies do not want to be vulnerable to U.S.-Chinese tensions, which could escalate at any moment. If President Xi Jinping cedes to his obsessions over a democratic Taiwan, seen as an island unjustly torn from the Chinese motherland, in the same way as President Vladimir V. Putin used similar obsessions about Ukraine to justify an invasion, all bets will be off.

The greatest boost to business confidence and insurance against war spreading across the globe would come from a cease-fire in Ukraine, as the first anniversary of the Feb. 24 Russian invasion approaches. But Mr. Putin needs to be able to portray his reckless gamble and repeated military setbacks as some form of “victory,” and Mr. Zelensky, after the heroic sacrifice of his people, has said he will not cede Ukrainian territory taken by force or through annexation to Russia.

For the moment, it appears certain that the war will grind on through the winter with terrible loss of life. Wars often end when the protagonists are exhausted; that point has not been reached. At the outset of the fighting, many feared World War III. The conflict now looks more like World War I.

Mr. Zelensky’s speech at Davos will likely be a call to arms in the name of the rule of law, the sanctity of national borders, the safeguarding of human dignity and the protection of human rights so violated by Mr. Putin’s unprovoked assault. It will be cheered. But there is no global consensus on the war outside the West. As Emmanuel Macron, the French president, has noted, “demographically” a majority of the world is neutral on the war, or opposed, a reflection of the resentment and suspicion leveled at a Western order often perceived as hypocritical or self-serving.

Still, the human quest for freedom underwritten by the rule of law is near universal. In Brazil, as in the United States, the insurrectionists were ultimately repulsed. Democratic transitions occurred. Jake Sullivan, the Biden administration’s national security adviser, wrote on Twitter that “our support for Brazil’s democratic institutions is unwavering. Brazil’s democracy will not be shaken by violence.”

Ukraine’s fierce attachment to its democracy and sovereignty has only been reinforced by Mr. Putin’s war. That is one of the painful lessons the Russian leader has had to absorb over the past year: He has reinforced beyond measure the very thing, Ukrainian nationhood, whose existence he denied. The world that will be debated in Davos is sobered but not stripped of the idea that the pursuit of human dignity and equal opportunity are the necessary accompaniment to the pursuit of profit.

Roger Cohen, a former New York Times columnist and foreign editor, is the Paris bureau chief. His new book, “An Affirming Flame,” a collection of his columns accompanied by an essay on our times, will be published by Alfred A. Knopf on Feb. 21.

Roger Cohen is the Paris bureau chief of The Times. He was a columnist from 2009 to 2020. He has worked for The Times for more than 30 years and has served as a foreign correspondent and foreign editor. Raised in South Africa and Britain, he is a naturalized American. More about Roger Cohen

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World Economic Forum (WEF) - Agenda and Important Developments

World Economic Forum (WEF) is a non-profit organisation that was founded in January 1971. WEF is based in Cologny-Geneva, Switzerland, and was formed with an initiative to improve the states of the world. This organisation was formerly known as the European Management Forum. 

Aspirants can find structure and other important details of the  IAS Exam in the given link.

World Economic Forum – Davos Dialogue – Latest update

• The Davos Dialogue agenda marked the launch of the World Economic Forum’s Great Reset Initiative in the post COVID world.

Background of WEF

Formerly known as the European Management Forum, the World Economic Forum (WEF) was founded by Klaus Schwab in the year 1971. The organisation changed its name to the World Economic Forum in the year 1987 with a vision to provide a platform for resolving international conflicts. During the year 1971, Klaus Schwab invited 444 executives from Western European firms to attend the first European Management Symposium that was held in the Davos Congress Centre.

This meeting was held under the European Commission and European industrial associations to introduce the European firms to American management practices. Later, Klaus Schwab founded the World Economic Fund as a nonprofit organization and conducted the annual meetings each January to draw European business leaders to Davos.

To know more in detail about the European Union , visit the linked article

This annual meeting gave the political leaders a platform to promote their interests. Recently, in the year 2019, Brazilian President Jair Bolsonaro attended the annual meeting at Davos and addressed the economic policies of Brazil. He assured that Brazil will be the protector of the rainforest and also a resource for food production and export. Environmental concerns like extreme weather events and the failure of climate change mitigation and adaptation were among the top-ranking global risks expressed by WEF attendees.

To know more about the World Economic Forum (WEF) refer to the table given below:

Structure of the World Economic Forum (WEF)

The World Economic Forum (WEF) is headquartered in Cologny, Switzerland, and also has its offices in New York, Beijing and Tokyo. As per the Swiss Host-State Act, WEF was designated as an NGO with ‘other international body’ status by the Swiss Federal Government.  A new centre for the Fourth Industrial Revolution was announced by the WEF on October 10, 2016, which will provide a platform for interaction, insight, and impact on the scientific and technological changes that will soon change the way we live, work, and relate to one another.

The World Economic Forum (WEF) is also funded by 1,000 member companies that are global enterprises having more than five billion dollars in turnover. These enterprises have a leading role to play and rank among the top companies within their industry and/or country. 

Initiatives under the World Economic Forum (WEF)

Some of the initiatives that were taken as a part of the World Economic Forum (WEF) are discussed below:  

• A global initiative for epidemics was launched at WEF in Davos on 19 January 2017. This initiative was named Coalition for Epidemic Preparedness Innovations (CEPI), which aims to secure vaccine supplies for global emergencies and pandemics and to research new vaccines for tropical diseases. 
• Also in the year 2017, WEF launched the Fourth Industrial Revolution (4IR) for the Earth Initiative which is a collaboration between WEF, Stanford University, and PwC. The initiative is funded through the Mava Foundation and in 2018, WEF announced that one project within this initiative was to be the Earth BioGenome Project with an aim to sequence the genomes of every organism on Earth. 

World Economic Forum (WEF) 2020 – Agenda of the 50th Annual Meeting

The 4 major global issues that were on the agenda of the World Economic Forum (WEF) 2020 were

• To understand how to govern the new technologies that will drive the 4th Industrial Revolution.
• How to tackle the challenges arising from environmental and climate changes.
• As new political, economic, and societal priorities change trade and consumption patterns, this Forum will try to understand how industries can transform to achieve more sustainable business models.
• How to adapt to the demographic, social, and technological trends reshaping education, employment, and entrepreneurship.

World Economic Forum (WEF) 2020 – 50th Annual Meeting (Important Conclusions/Developments)

The 50th Annual Meeting of World Economic Forum (WEF) 2020 was held in Davos, Switzerland. Some of the important observations and conclusions made at the 50th Annual Meeting of the World Economic Forum 2020 are given below.

• To develop Vaccines against Coronavirus , 3 programs were announced by the  Coalition for Epidemic Preparedness Innovations (CEPI)
• To mobilize $ 500 million for achieving the Sustainable Development Goals (SDG’s) in emerging markets. To achieve this, SDG-500, a new multi-stakeholder partnership was launched
• A new multi-stakeholder effort aimed at supporting efforts to grow, conserve and restore 1 trillion trees by the end of the decade was announced.
• It was observed that Vietnam and Indonesia are the new bright spots in the emerging world.
• The National Business Council , incorporating 140 of the world’s largest companies, agreed to support efforts to develop a core set of common metrics and disclosures that could be used to measure private sector progress against key environmental, social and governance goals
• Initiatives to promote entrepreneurship in Africa
• Introduction of a Reskilling Revolution  
• Work with the Organisation for Economic Cooperation and Development (OECD) to promote inclusive and sustainable growth globally.

World Economic Forum (WEF):- Download PDF Here

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Released at our Annual Meeting in Davos, this report outlines a multidimensional framework to assess the quality of economic growth in 107 economies.

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Kate whiting.

• Heads of state and leaders from politics, business, and international organizations will gather in Riyadh, Saudi Arabia, between 28 and 29 April for the Special Meeting on Global Collaboration, Growth, and Energy for Development .
• One of the three key pillars for the meeting is ' A compact for inclusive growth '.
• Follow live coverage and curated insights from the Meeting.

The start of 2024 has focused on interest rates, inflation, and how to stimulate growth. Many major economies are seeing persistent weak growth forecasts, and the potential for rate cuts as inflation continues to fall has been a hot topic.

The International Monetary Fund's latest World Economic Outlook does offer an optimistic note. "The global economy remains remarkably resilient," writes Pierre-Olivier Gourinchas , the Fund's Economic Counsellor and the Director of Research.

However, uncertainty remains high as the global economy continues to grapple with compounding headwinds and the weakest medium-term growth outlook in decades.

The World Economic Forum's Chief Economists Outlook warned in January of growing rifts and challenges, including deepening geopolitical tensions, tight financial conditions, mounting debt pressures, growing social strains, and rapid advances in the field of AI.

Reigniting global growth will be essential to addressing looming challenges. The key question for this pivotal moment, however, is not only about increasing economic growth at all costs; it is also about how that growth is achieved and whether it is aligned with other important national and global priorities.

As the World Economic Forum’s Future of Growth Framework revealed, the world economy, on average, is only halfway to fully innovative, inclusive, sustainable and resilient growth.

Against this backdrop, leaders will gather at a Special Meeting on Global Collaboration, Growth, and Energy for Development in Riyadh, Saudi Arabia, from 28 to 29 April.

The meeting will bring together the public and private sectors to drive inclusive growth, particularly at the nexus of technology and economics.

Here's what to expect.

Have you read?

Day 1 #specialmeeting24: key insights and what to know, live: highlights from key sessions.

Read on for live coverage of the key sessions as the meeting takes place.

All times in UTC+3

What Kind of Growth Do We Need? 08:45

Mohammed Al-Jadaan , Minister of Finance, Ministry of Finance of Saudi Arabia, joined Kristalina Georgieva , Managing Director, International Monetary Fund, and Tengku Zafrul Bin Tengku Abdul Aziz , Malaysia's Minister of Investment, Trade and Industry, to look at how we can reignite growth while ensuring equality.

Georgieva outlined the three immediate priorities for the global economy:

• get inflation down in countries where it is still above target
• focus on rebuilding fiscal buffers
• find ways to cooperate more, because fragmentation in the world economy is bad for the prospects for growth

Mohammed Al-Jadaan said investment in human capital was important, but so too was investment in innovation and technology.

Tengku Abdul Aziz said Asean nations recognize the importance of inclusive growth.

Opening Plenary: A New Vision for Global Development 10:00

Paul Kagame , President of Rwanda, joined the President of Nigeria, Bola Ahmed Tinubu ; Kristalina Georgieva , Managing Director of the International Monetary Fund; Prime Minister of Malaysia, Anwar Ibrahim and Faisal Alibrahim , Saudi Arabia's Minister of Economy and Planning in this session that touched on all the key themes of the Special Meeting. Catch up on the highlights in the X thread below.

AI, Productivity, Work: Can We Have it All? 11:30

Tiit Riisalo , Estonia's Minister of Economic Affairs and Information Technology joined Paula Ingabire , Rwanda's Minister of Information Communication Technology and Innovation; Abdullah AlSwaha , Saudi Arabia's Minister of Communications and Information Technology; Hiroaki Kitano , Executive Deputy President; Chief Technical Officer; Chief Executive Officer, Sony Research, Sony Group Corporation and Øyvind Eriksen , President and Chief Executive Officer, Aker ASA to discuss the opportunities of AI, and also the risks that need to be mitigated.

If you do not master AI within the next 5 to 7 years, you will become irrelevant to a talented leader that uses AI. In other words, you could be potentially, but surely displaced or disrupted.

Riisalo said his main priority for AI was not how to make money from it but how to make it useful for the people of Estonia.

Ingabire said she was excited about the potential of AI for two reasons:

"One, the ability to be an equalizer, and especially for developing countries, the ability to leapfrog. One of the benefits that we have is that we don't have legacy infrastructure and systems, so if we're able to be very laser-focused on how we deploy AI solutions for the societal problems we're trying to solve for, then we gain the benefits, but we're also able to leapfrog when it comes to technological development.

"The second thing that excites me about AI is the up-levelling effect that it has on the workforce, particularly for least skilled professionals. They stand to benefit the most when it comes to generative AI. What is challenging, though, is then to think about what's the wage gap that will persist."

Eriksen said: "The multi-billion dollar question to me as a business leader is how to get value and how to get returns from the significant investments in AI, both financial results but also environmental results."

But, he added, it starts with people and how they are using the technology.

"If people or employees don't trust the technology, they will never use it."

The way we do science is going to fundamentally change in the coming years and decades, said Kitano.

Labour Markets For the Next Generation 13:15

With around 25% of youth globally not in work, attending school, or undergoing skills training, we look at the employment opportunities tht lie ahead.

And, with the rates even higher in emerging economies and among women, how can the public and private sectors work together to design policies and labour markets to unlock their potential?

Airlangga Hartarto , Indonesia's Coordinating Minister for Economic Affairs, joined Badr Al-Badr , CEO, Mohammed Bin Salman Foundation (MiSK); Jay Collins , Vice-Chairman, Global Public Sector, Citi and Emon Shakoor , Global Shaper, Riyadh Hub to discuss.

Reskilling is important said Al-Badr. The main challenge is balancing creating new jobs for the new entrants with also upskilling the existing workforce.

"Unemployment is happening from the changing nature of jobs, from technological disruptions, AI disruption. For that reason, job creation, reskilling is really important."

We need to create new employment, and new employment is only happening when we have, economic growth... Indonesia is using digitalization as a new engine of growth.

Rather than crushing employment, generative AI is actually growing employment among the SMEs who can be the most agile and adapt, said Collins.

"It's not destroying their jobs. It's allowing them to be smarter and more efficient, sell more faster, and be leaner and meaner as they do it. It's a fantastic story... 70% of the job growth in the OECD is small and medium-sized businesses.

"If you can't figure that out, you don't have a proposition to deal with the future of work."

Economic Perspectives for the Middle East and North Africa 15:45

Jihad Azour, Director, Middle East and Central Asia Department, International Monetary Fund, and Ahmed Galal Ismail, Chief Executive Officer, Majid Al Futtaim Holding, look at the risks facing the region's economy and the prospects for stability and resilience.

Where Manufacturing and Tech Collide 11:30

Join leaders from the public and private sectors to explore the impact of cutting-edge technologies on the efficiency and performance of manufacturing systems globally, as we ask what are the risks and opportunities.

Emerging Economies: How to Fix the Debt Problem? 13:15

With the cost of servicing debt rising rapidly, public and private sector voices look at how the global debt burden can be addressed.

Rejuvenating Growth 16:00

Global growth is forecast to remain relatively subdued this year at 3.1%. So, against this backdrop of sustained slower growth, what policies can help boost economic prospects?

Pre-reads, publications and Forum insights

Making digital job creation a reality - launching soon.

This forthcoming white paper will follow up on The Rise of Global Digital Jobs . It will illustrate where these opportunities are most prevalent and provide a framework for governments or employers to expand a global digital workforce.

Shaping the Future of Learning: The Role of AI in Education 4.0 - Launching soon

The third iteration of Education 4.0 Lighthouses will look at specific policies and practices used by governments, educators, and employers to effectively deploy new technologies effectively in primary and secondary education.

Explore other reports

The Future of Growth Report 2024

Released at our Annual Meeting in Davos, this report outlines a multidimensional framework to assess the quality of economic growth in 107 economies. It explores economic growth across four areas - innovativeness, inclusiveness, sustainability, and resilience.

Navigating the future of growth: a new tool for a new era

Chief Economists Outlook: January 2024

Also released at our Annual Meeting in Davos, the latest edition of our Chief Economists Outlook series looks at key economic trends, and explores the prospects for growth.

Space: The $1.8 Trillion Opportunity for Global Economic Growth

This World Economic Forum and McKinsey report demonstrates the potential value of the space economy, particularly if we can lower costs and improve access.

Related topics:

Origins of the World Economic Forum Revisited

Many of my e ssays for The Occidental Observer focus on identifying that component of operators within current world developments which is least mentioned, the Jewish power elite. Among these essays, I have shown the Jewish component of the current Board of Trustees of the World Economic Forum . This essay also identified the WEF's Executive Chairman and original founder Klaus Schwab as Jewish through his mother. As new knowledge has emerged I have presented it in an essay on this Substack site Taboo Truth, " Klaus Schwab is a Jew ".

What I have not established so clearly—because I assumed it was well-known—is why this is significant. Readers of TOO and a growing number of other outlets have some historical and factual basis to understand that Jewish Power can lead to dire situations for non-Jewish populations, derived from the ideology expressed in Talmudic religious texts, their Communist Manifesto as well as in their ostensibly secular Zionist movement. The Jewish influence in such levers of power in the world as media, campaign financing and now even government directly , international finance and banking, combined with the lobbying powers of AIPAC and other non-governmental organizations, plus Jewish influence through other sectors such as the "entertainment" industries, corporations and public health infrastructure, makes it especially urgent now to pierce through the obfuscation, omission and deflection and know the racial nature of certain bad actors in our world today.

Many of them are Jews. I have endeavored to show this so that we may know the identity and motivation of opponents to free societies, and enact a successful defense.

Other excellent researcher-authors are presenting with impressive clarity and knowledge the names and identities of those who have established the globalist structure that now is driving us toward a technocratic control future. One such is Johnny Vedmore writing for Unlimited Hangout , the outlet of among the best researcher-authors working today, Whitney Webb. Webb will often focus on " Israelis ", but less often mentions the J-word or even the Z-word. She exploded into our awareness with her writing on Jeffrey Epstein and his Cabal of child-raping blackmailers while working at Mint Press News, and her work was astonishing. Identifying this cult of evil child rapists as Jewish, including the "Mega Group" of Jewish billionaires among whom was Leslie Wexner, ringleader and main funder of Epstein, seemed peripheral to Webb. It was not the main focus of her work, and has remained off-center with all the reporting she has done on other crucial matters involving "Israelis" and Jews generally since.

Vedmore takes this obfuscation further and directs our attention to "Nazis". In his first essay on the topic of World Economic Forum's Executive Chairman Klaus Schwab, " Schwab Family Values ", Vedmore asks in his opening summary: Is Klaus Schwab "really the son of a Nazi collaborator who used slave labour and aided Nazi efforts to obtain the first atomic bomb?"

My response: Not really. Schwab's mother was Jewish and most likely at least some of those involved with the Escher Wyss company and associated matters Vedmore presents were also Jewish. Surely we cannot have Jews and "Nazis" mingling and collaborating! I present this critique of Vedmore's first essay on Taboo Truth. See " Jews of the World Economic Forum ". I will need another essay to clarify whatever role Vedmore says "Nazis" may have played. As a precursor, the National Socialist Germans had renounced efforts to develop an atomic bomb .

Now Vedmore has a new essay revealing the origins of the World Economic Forum and Schwab's mentors who supported him to establish it. His title is " Dr. Klaus Schwab or: How the CFR Taught Me to Stop Worrying and Love the Bomb ". We will look at the otherwise good knowledge Vedmore provides, in order to expose the Jewish element among those mentors and others.

In his opening summary, Vedmore states:

"This is the amazing story behind the real men who recruited Klaus Schwab, who helped him create the World Economic Forum, and who taught him to stop worrying and love the bomb."

And this will be the real story behind the Jews who recruited Klaus Schwab and helped him create the World Economic Forum as a vehicle for Jewish power and influence world-wide.

The essay opens:

"The World Economic Forum’s recorded history has been manufactured to appear as though the organisation was a strictly European creation, but this isn’t so. In fact, Klaus Schwab had an elite American political team working in the shadows that aided him in creating the European-based globalist organisation."

The WEF's history has also been manufactured to appear as though it was strictly a Gentile creation, but Schwab had an elite Jewish team working both covertly and overtly to create the globalist organization. Crucially, as we've seen, Schwab himself is Jewish through his mother. His German father's association with Escher Wyss which ostensibly helped the "Nazis" try to build an atomic bomb makes an excellent cover, which Vedmore adopts and promotes.

The word "Jew" is found twice in his essay, to briefly identify two of the three main mentors and handlers of Schwab in establishing the WEF: Henry Kissinger and Herman Kahn. Of Kissinger Vedmore states: "The family had been one of many Jewish families fleeing the persecution in Germany to arrive in America in 1938." Here Vedmore depicts the Kissinger family in the classic role of innocent victims of "Nazi" persecution. Kissinger would have been fifteen years old at that time. He may have internalized the hatred German Jews commonly (though not completely ) felt toward Hitler and the National Socialist party. After all, according to Vedmore Kissinger and his family were forced to leave their home and flee. Would Kissinger later take a liking to Schwab, whose German father appears to have been a "Nazis" himself (also according to Vedmore)? No, but he might take a liking to Schwab because his mother was Jewish. Kissinger would know that Jews trace their racial identity through the mother, and if Schwab's mother was Jewish, he is Jewish.

About Herman Kahn, Vedmore says: "He was brought up in the Bronx with a Jewish upbringing (sic), but would later become atheistic in his beliefs." Here Vedmore attempts to downplay Kahn's Jewish nature by suggesting he renounced it, but this is false. Kahn can renounce his Judaic religion but he cannot renounce his Jewish racial nature. The religious expression is derived from the racial nature, which always remains. We have the examples of Conversos and many other Crypto-Jews attempting to hide their Jewish racial nature by publicly renouncing their Judaic religion. The Jew remains.

Kissinger's Jews

In the section on Kissinger, we read that he served in US Army intelligence under one Fritz Kraemer..

"(Kraemer) would later become extremely influential in American politics during the postwar era, influencing future politicians such as Donald Rumsfeld. Henry Kissinger would describe Kraemer as being 'the greatest single influence on my formative years...'"

A reference link is provided, to a webpage titled " Who Was Dr. Fritz Kraemer "? The answer for our purposes is provided in the statement: "A German emigrant to the U.S., born in Essen in 1908, with Christian denomination but Jewish roots." Small surprise that the greatest influence on the young Kissinger was a fellow Jew. Like Kissinger, Kraemer had a large influence on much else in American and world affairs. Like Schwab, he appears to be depicted as German, but at "root" is Jewish.

Vedmore says of Kissinger: "Kissinger would take charge of a team hunting down Gestapo officers and other Nazi officials who had been labeled as 'saboteurs'". Henry must not have found Klaus' father Eugene in his "Nazi" hunts, but he found Klaus later in life. Most likely he was not hunting "Nazis" then, but recruiting Jews.

Kissinger was recommended to the Council on Foreign Relations, and Vedmore's reference link, which curiously is not to the CFR website itself but to Conspiracy-Gov (which lifts from Wikipedia), explains in the timeline: "From its inception... (the CFR) also welcomed Jews and African Americans..." Lucky for Kissinger. An initial influence on the CFR was the Jew Walter Lippman. He was among " The Inquiry " group, some of whom crafted post-World War I policies from which Wilson's Fourteen Points were drawn, and some of whom traveled to the Treaty of Versailles with Wilson. Lippman was the Head of Research.

Today the CFR is almost wholly dominated by Jewish leadership . Three of the top four leadership positions are held by Jews: Richard Haas as President, David Rubinstein as Chairman, and Blair Effron as Vice Chair. The second Vice Chair Jami Miscik is not Jewish, but is President of Kissinger Associates, an obvious philo-semite.

The timeline leaps from the late 50s to 1966, when Kissinger was on a twenty-two man panel of advisors to "shape European policy". According to Vedmore:

"The forming of this panel could be considered the laying of the proverbial foundation stone marking the American branch of the 'Round Table' establishment’s intent to create an organisation such as the World Economic Forum, whereby Anglo-American imperialists would mold European policies as they saw fit."

We are given only six names, of which only Kissinger appears to be Jewish. I was motivated to follow the reference link Vedmore provided on the twenty-two panelists, to see if it had a higher percentage of Jews than the WEF's Board, but the New York Times, which Vedmore relies on often in his essay, required a financial commitment lasting four weeks. I was not about to spend a dollar on a mass propaganda outlet seized by the Jew Adolf Ochs in the late 1800s, which was then transferred to the control of the Sulzberger family of Jews who operate it to this day. So whether this panel was dominated by "Anglo-American imperialists" or Jews I cannot say. We know what the New York Times will say. We know Kissinger was a member, at least.

Soon after, Kissinger was on a twenty-nine member group of "American authorities on Germany", who signed off on an assertion that "Nazism" was not making a come-back in the 1966 election in West Germany. Along with Kissinger, we are told that a Prof. Hans J Morgenthau was a signatory to the document, representing the CFR. We are not told that this Morgenthau "was born in an Ashkenazi Jewish family" in Germany, and was so Jewish he was "buried in the Chabad section of Montefiore Cemetery, in proximity to the Lubavitcher Rebbe, with whom he had a respectful relationship."

This Morgenthau appears to have no direct relation except by tribe to Henry Morgenthau Jr., Secretary of the Treasury 1934-1945, who along with Jewish Deputy Sec. of Treasury Harry Dexter White (Weiss) and British advisor to the Prime Minister, Jew Frederick Lindemann, proposed the Morgenthau Plan of attempted genocide against the helpless German people after World War II. How many Germans in 1966 who saw the Morgenthau name on the statement reassuring the world that "Nazism" was not on the rise again failed to make the distinction?

Vedmore writes: "Henry Kissinger would target European policy making as having been the reason for a century of war and political turmoil on the continent." This is a bold assertion for a US-based Jew to make, given that such diverse people as Chancellor Adolf Hitler , Secretary of the Navy at the time James Forestall quoting US Ambassador to Germany Joseph Kennedy quoting British Prime Minister Neville Chamberlain, and other sources such as Thomas Dalton's book The Jewish Hand in the World Wars declared that International Jews were involved in engineering the outbreak and continuation of World Wars I and II. The creation of the Jewish nation of Israel was one result. Kissinger of all people should know this, but he faults "European policy making". Kissinger also praises a work by Raymond Aron, Peace and War: A Theory of International Relations. Aron was Jewish .

Vedmore does well to explain how Kissinger found Klaus Schwab at a CIA-sponsored conference at Harvard in the late Sixties. Kissinger went on to become Secretary of State and National Security Advisor under Nixon, and later gave the opening speech at the European Management Forum in 1980, which by 1987 would become the World Economic Forum. What Vedmore does not do well to explain is that both Kissinger and Schwab are Jews.

Galbraith's Jews

The second key person responsible for supporting Schwab to found the World Economic Forum is John Kenneth Galbraith the economist. Galbraith is non-Jewish, but it is not significant that early in his career he was unable to receive mentorship from the pro-Zionist and philo-semitic economist John Maynard Keynes , because Galbraith would encounter other people to influence his views of Jews, including Jews themselves.

Galbraith worked to co-found Americans for Democratic Action with the Jew Arthur Schlesinger Jr and enthusiastic philo-semite and Zionist supporter Reinhold Niebuhr . Its purpose was to continue the New Deal liberal policies of the Roosevelt Administration, which favored Jews in America.

President Kennedy sent Galbraith to Vietnam to verify the opinion of the earlier Taylor-Rostow Report on conditions in South Vietnam during the war. Walt Witman Rostow was Kennedy's Deputy Special Assistant to the President for National Security Affairs, and 100% Jewish.

Kahn's Jews

The third Schwab mentor significant in founding the World Economic Forum is Herman Kahn. In this section, Vedmore features a quote on Kahn's famous terror tactic book On Thermonuclear War from one Amitai Etzioni. The link takes us to another Unlimited Hangout essay by another author, Iain Davis, who examines Etzioni extensively as a prominent "Communitarian". Here Etzioni is called "an Israeli-American dual citizen". This is typical of the language Unlimited Hangout authors use, including Vedmore and Webb. We will not need to translate.

Kahn was the basis for Stanley Kubrick's classic comedy—and also horror--movie " Dr. Strangelove ", which has the sub-title "How I Learned to Stop Worrying and Love the Bomb", from which Vedmore derives his own sub-title. Kahn admits he and Kubrick were friends. They were also fellow tribal members, since Kubrick was 100% Jewish on both sides.

Kahn's work on another document in 1967 appears to have led directly to the WEF's Young Global Leaders Program that uses WEF-trained political candidates to "penetrate" (Schwab's word) national governments and install WEF-trained cabinet members. Today's most infamous examples are Justin Trudeau, Prime Minister of Canada and Emmanuel Macron, President of France. Many others have been identified. Plenty are Jews, including "David de Rothschild, adventurer and Environmentalist".

Schwab's Two Jewish Mentors

In the next section Vedmore identifies Klaus Schwab with this statement:

"When Schwab was first recognised by Kissinger as a potential future globalist leader, the relatively young German would soon be introduced to Galbraith and Kahn."

As we have seen, Schwab's father was German, but his mother was Jewish. In the minds of powerful Jews such as Kissinger and Kahn, Schwab would have to be considered less German than Jewish. They would be unlikely to groom a future globalist leader to maneuver a technocratic control over humanity if they perceived him not only as German, but the son of a genuine "Nazi". We do not often see Schwab declared openly as German, but mostly as " German-born " and the like. Vedmore seems to have no inhibitions about hiding Schwab's Jewish nature behind a bold declaration of his German-ness. Vedmore might genuinely believe this about Schwab, since his previous essay " Schwab Family Values " focused on Schwab's German and even "Nazi" father, omitting any discussion of the Jewish nature of his mother entirely. It is also more dramatic to depict Schwab as a "Nazi", and drama sells.

Here let us turn our attention away from any alleged "Nazis" and back to the many Jews and Jewish agendas Vedmore mentions associated with Schwab, but fails to identify as such.

Consider this statement:

"The relative stability in Europe during the postwar period was perceived as being due to the thermonuclear stand-off, and, from very early-on, Kissinger identified this dynamic and began to manipulate the situation for the benefit of American supremacy."

We must ask whether Kissinger's manipulations were truly in favor of American supremacy, or using America for international Jewish interests. Kissinger continues his manipulations to this day, when America has "progressed" into further Jewish influence. This has become overt, as Jews themselves declare when posting a list of Jews in the Biden administration .

Vedmore does admit: "Kissinger would continue to... undermine the American system for the eventual benefit of a globalist agenda." That this is also a Jewish Power agenda is omitted, but we must include it here.

The next episode in the Schwab timeline involves Schwab going to work for the Escher Wyss manufacturing firm in Germany where Klaus' father had worked. In 1966 the company had just been acquired by the Sulzer Group. Vedmore fixates on Escher Wyss/Sulzer under Klaus supplying nuclear technology to the "apartheid regime" in South Africa. We must consider the important fact that the nation of Israel was heavily involved in supplying nuclear technology and engineering knowledge to South Africa at the time, in defiance of international boycott and sanction mandates, making Jews much more culpable of supporting the "apartheid regime" than any Germans and Swiss at Escher-Wyss/Sulzer. Klaus' participation in this alleged tech transfer through the company may only have been in alignment with Israeli and Jewish international agendas. Fellow Jew Herman Kahn was down-playing the danger anyway.

Vedmore: "These three powerful men (Kissinger, Kahn and Galbraith) each saw in Schwab a reflection of their own intellectual desires." Two of them may also have seen in Schwab a reflection of their own Jewish ambitions. Vedmore:

"In the postwar years, something very unique happened in Western culture, when the government began using mainstream media as a tool to target the public with military grade psychological operations. The ruling Establishment would discover that marrying the drama of conflict scenarios with media such as film would be extremely useful..."

Hollywood and much other media was then and is mostly now, owned and operated by Jews. Vedmore's example of Kubrick is only one of many.

Vedmore assures us: "...(Schwab's) projection of extreme wealth and power will attract and bring the 'stakeholders' of society to the World Economic Forum’s table." As I have shown elsewhere , seven of the thirty-one members of the WEF's Board of Trustees are Jews. If some Jews estimate themselves to be .2 percent of the world population, and the WEF is supposed to represent the world, then Jews are 110 times over-represented on the Board. They appear as the most powerful members of the Board as well, including Schwab himself, the CEO of the world's largest financial institution Blackrock Larry Fink, co-founder of another immense investment firm the Carlyle Group and Chairman of the Council on Foreign Relations David Rubenstein, Salesforce billionaire founder Marc Benioff, former Nestle CEO Peter Brabeck-Letmathe, MIT President and CFR member Leo Raphael Reif, and others. Schwab's projection of extreme wealth and power has certainly attracted Jews. Most likely Schwab invited them, just as Kissinger and Kahn invited Schwab.

Before we consider Vedmore's closing summary and prospects for the future, we must address the institution he consistently identifies as central to harboring the mentors of Klaus Schwab, and essential to the formation of the World Economic Forum: Harvard University. President at the time of Kissinger and Galbraith was Nathan Marsh Pusey, non-Jew. Since then, of five Presidents three have been Jewish, including former Secretary of the Treasury Larry Summers and current President Laurence Bacow. Other analysis reveals the power Jews have established over Harvard University, when we focus on admissions standards . "Jews are vastly overrepresented on the basis of any available metric..."

It is revealing when looking at The History of Harvard that we can select Native American, Women's and African American History at Harvard, but not Jewish History. Obviously it would be too shocking.

Conclusions and Prospects

In the end, Vedmore is essentially optimistic. He lays much emphasis on the fact that while Schwab appears to be applying all the "predictions" for technological power that his fellow Jew Kahn presented in the late Sixties, Schwab is ignoring what Vedmore claims are Kahn's warnings. Since my view of Jewish power today is more honest, I tend toward cautious pessimism, or shall I say realism. I am doubtful whether Kahn's "warnings" were anything more than a thin moral shield to deflect accusations that he was a Jewish technocrat with a control agenda, just like Schwab.

Vedmore closes with an extensive quote from Kahn, as if this "warning" contains our hope. After listing the grim horrors that technological systems will place in the hands of "globalists", Kahn closes with a curious phrase that to Vedmore must offer a denunciation of said "globalists":

"Perhaps most crucial, choices are posed that are too large, complex, important, uncertain, or comprehensive to be safely left to fallible humans."

From Vedmore's perspective, this means Kahn is saying the "globalists" themselves (of whom I say Kahn is certainly a member) are the "fallible humans", and cannot make the crucial decisions to guide (enslave) humanity. This could moreso be interpreted as the mass rabble of humanity can no longer be trusted to make such decisions, and that either the "globalists" or their super-AI cloud computers will make such decisions for us all. From what we have seen of Kahn, he most likely means the later.

The masters of the Fourth Industrial Revolution, centered at the Jewish-stocked WEF, with its power to organize technocratic control throughout the world, have already claimed for themselves this decision making power. How else shall we interpret its Mission statement ?

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

Closing with solutions, I was surprised but pleased to see Vedmore, ethnically Welsh, is actually a Nationalist:

"...eventually those people who love their own national identities will stand up against the immediate threat to their specific cultures and they will fight back against the globalist rule."

If he could come to understand that "globalist rule" includes a significant presence of Jewish rule, Vedmore would be able to lift his focus from "Nazis" (and possibly even understand the legitimate National Socialist view of Jews ), and place it moreso where it belongs: Jewish power.

Vedmore places his hope in a Nationalist revival and resistance: "There is a natural contradiction between national freedom and globalist rule, which make the two completely incompatible." Here I heartily agree, though as is clear by now I would include Jewish rule. By far the best expression of this Nationalist hope to prevent the WEF's Great Reset and Fourth Industrial Revolution control was made by President and spokesman for the Irish National Party, Justin Barrett. In his speech Capitalism's Crisis, Nationalism's Alternative , Barrett's explanation of the context and solution is properly focused on liberation of the ethnic Irish national people. It is adaptable to any nation, with some challenges for multi-racial nations, though still offering the greatest hope I have seen. Barrett does use a euphemism for Jewish power, "International Finance Capital", though his meaning is clear to those with ears to hear.

Johnny Vedmore has produced another excellent research essay with essential knowledge for all who resist the WEF's Great Reset and "globalist rule". His main mistake—and it is not minor--is to under-represent the nature of the enemy. Here we have seen that even within Vedmore's own research we find another component of the threat descending upon the world from the epicenter of control at the World Economic Forum: Jewish Power.

The destiny of the Peoples of the world is to unify into our ethnic groups and ethno-states to whatever extent possible and resist the current thrust for hegemonic world power in which certain Jews participate and even lead. As Justin Barrett says, as we are made more miserable, destitute, impoverished and despairing by this agenda, our will to resist will arise. That will be our opportunity. Let all the Peoples of the world know who the true enemies of a free humanity are. They include Klaus Schwab, Henry Kissinger, Herman Kahn, and the long list past and present of powerful Jews working together to further the "globalist" plan for the world. As Barrett also says: "Name them!"

We have found some names among Johnny Vedmore's crucial research. Now we are prepared to find the rest. Proper identification of the enemy is essential for salvation and liberation.

Ready for more?

Tuesday, 22 Jan 2019 --> Last Updated : 2024-04-28 16:27:00

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Sun, 28 Apr 2024 Today's Paper

World Economic Forum gets underway in Saudi Arabia

28 April 2024 01:31 pm - 0     - {{hitsCtrl.values.hits}}

Saudi Arabia is hosting the first-ever special meeting of the World Economic Forum in the capital, Riyadh, which will discuss many important issues such as international cooperation, growth, and energy during the period 28th -29th April 2024,  Saudi Ambassador Khalid Hamoud Alkahtani said .

Issuing a statement, he said the  event is one of the outcomes of the cooperation agreement between the Kingdom of Saudi Arabia and the World Economic Forum.

The Riyadh meeting will host more than 1000 participants, including international experts, opinion leaders, and thinkers, from international organizations, government sectors, academic institutions, and the business sector, to discuss current global challenges in the areas of development, within fruitful dialogues that enhance global cooperation and stimulate joint international efforts to innovate sustainable solutions.

Saudi Arabia and Riyadh have become a global capital of progress and leadership of thought and public opinion on topics related to the global economy.

The special meeting of the World Economic Forum in Riyadh will focus on international cooperation, growth and energy, and this event will be a new platform that enables the World Economic Forum and global partners to discuss in constructive dialogues to find solutions to the challenges facing our world today.

The special meeting of the World Economic Forum, hosted by the Kingdom, will benefit from Riyadh’s central location as the capital of the largest economy in the Middle East, and its strategic location that connects it to three major continents. The meeting will also provide a forum for leaders and thinkers from around the world to discuss existing challenges and propose innovative solutions to create positive universal impacts for everyone.

For the first time in more than fifty years, the global economic community moves from Davos to Riyadh, which is hosting the first global meeting of the World Economic Forum under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister.

In this special meeting, the Kingdom will bring together more than a thousand world leaders, including heads of state and leaders from the public and private sectors, international organizations, academia and non-governmental organizations, in order to address the most pressing global challenges.

This meeting comes after the issuance of the annual report of the Kingdom’s vision in its eighth year, and on the anniversary of its launch on April 25, 2016, which highlighted the huge development achievements achieved by the Kingdom at various levels, and therefore the special meeting will be an opportunity for participants to be informed of this progress made in the economic transformation strategy and business environment available to foreign investment.

The meeting agenda focuses on three basic pillars:

International cooperation by achieving prosperity and developing societies, supporting comprehensive growth and building institutions capable of facing economic challenges, and building stronger institutions with the necessary capabilities to support comprehensive growth, through international cooperation on fundamental issues, and building more bridges of communication between governments, the private sector and various organizations. Enhancing the use and dissemination of Fourth Industrial Revolution technologies, and their impact on the quality of various aspects of life, and creating societies whose primary focus is human development and rebuilding confidence in international organizations.

* Growth by ensuring that investments are directed to achieving prosperous growth at various levels locally, regionally and globally, diversifying trade and investment networks to stimulate economic recovery and ensuring long-term sustainability, keeping pace with the needs of international communities for growth and the requirements of future labor markets, and developing sustainable economic models that encourage industrial growth and work to reduce emissions. carbon emissions, and providing comprehensive and sustainable paths for economic growth in countries around the world.

* Energy for development by achieving the ideal balance between global resources to reach a safe and sustainable future, doubling the efficiency of energy use and increasing investment opportunities in order to achieve international economic progress, driving progress towards a comprehensive practical transformation in the field of energy, and supporting transformative innovation and joint investments in the fields of energy.

On the sidelines of the special meeting, the Forum, in cooperation with the Ministry of Economy and Planning in Saudi Arabia, is hosting an open forum with the aim of facilitating dialogue between thought leaders and the broader public on a range of topics, including environmental challenges, the role of the arts in society, entrepreneurship in the modern era, and digital currencies. , artificial intelligence, smart cities, and mental health. It will provide an opportunity for students, entrepreneurs, young professionals and the general public to discuss these crucial issues.

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• Secretary-General
• Statements and Messages

Secretary-General Urges Delivering Justice, Solutions to Create ‘World of Peace, Prosperity for All’, in Economic and Social Council Youth Forum Remarks

Following are UN Secretary-General António Guterres’ remarks at the annual Economic and Social Council Youth Forum, in New York today: 

Welcome to the Economic and Social Council Youth Forum — and thank you for your presence and your engagement.

The energy and conviction of young people are infectious and more vital than ever.

Our world is bristling with challenges, tragedies and injustices — many of them linked.

The Sustainable Development Goals (SDGs) are way off track.  This means children hungry, families trapped in poverty and young people out of school.

The climate crisis is spiralling downward — as emissions continue to rise and the fossil fuel industry, in its immense greed, tries to block change at every turn.

Great rifts within and between countries are fuelling mistrust and eroding solidarity:

Inequality and poverty are rife.  Polarization and hate are spreading — stoked by digital disinformation and division.  Human rights are under attack.  And conflicts are raging around the world.

Israel’s military operations in Gaza, following the devastating terror attacks by Hamas on 7 October, are having an appalling impact on civilians — including young people.  Thousands of children have been killed.  Thousands more have lost one or both parents.  And 100 per cent of young people in Gaza — every single child — is out of school.

It is high time for an immediate humanitarian ceasefire, the unconditional release of all hostages, the protection of civilians and the unimpeded delivery of humanitarian aid.

In the face of all these crises, public trust is plummeting.  Alienation is growing.  And the international system is creaking.

The future of multilateralism is at stake.  And so, we need action, and we need justice.

I salute young people around the world for standing up, speaking out and working for real change.  We need you.

And I am fully committed to bringing young people into political decision-making; not just listening to your views but acting on them. We established a new Youth Office in the United Nations to advance advocacy, coordination, participation and accountability for and with young people.  We will renew the United Nations Youth Strategy — to take this work to the next level.

And I am committed to making sure young people have a strong role as we gear up for the Summit of the Future in September.  That includes this Forum’s discussions, virtual consultations on the Pact for the Future — which will include a chapter on youth and future generations — and your work mobilizing in your communities.

We are also holding a youth-led action day as the Summit begins, so that your voices are heard from the start.

The Summit of the Future is a pivotal moment to turbocharge the SDGs and reinvigorate multilateralism.

We have already put forward a number of concrete ideas on strengthening youth engagement for Member States to consider.  This includes establishing national youth consultative bodies, a global standard for meaningful youth engagement in decision-making and creating a UN Youth Townhall.

We are also working to advance a Global Digital Compact to help build a world where digital technologies support sustainable development — including education and jobs for young people:

A world where children and young people are protected online, benefit from digital technologies, and have a say in the decisions shaping digital life.

We have created a High-level Advisory Body on Artificial Intelligence (AI) to make recommendations on international governance of AI.  This group of experts is gender-balanced.  It includes young leaders and people from the Global South.  And it is feeding into the Global Digital Compact.

We have also proposed a New Agenda for Peace, to renew and strengthen multilateral security frameworks and to embed young people’s participation in peace and security institutions that are funded in full.

As we are pushing for reform of the United Nations Security Council and a fundamental overhaul of the international financial architecture, we count on youth engagement and leadership.

Many of today’s developing countries had no voice when those institutions were established eight decades ago.  These systems were designed by the rich and remain controlled by the rich and are failing in some of their most basic functions.

We must shake off the relics of the past and create institutions that reflect the world today and serve its needs.  This is a matter of justice.

I urge all Member States to get behind our proposals.  And I ask young people to join forces with allies and partners across civil society — to demand that Governments make the Summit count.

You can start by supporting the Summit of the Future digital campaigns we are launching today:  take on the ActNow challenge — and share it with your networks — to show leaders how many of us demand a sustainable future for all; and sign the open letter to world leaders on reviving multilateralism, launched today by the United Nations Youth Office.

Beyond the Summit of the Future, I salute young people for being on the front lines for bold climate action.

Our climate is in meltdown, and the poorest are paying the price.  This is breathtaking injustice and a terrible betrayal of your generation.

Governments need to adopt strong policies to accelerate the global phase-out of fossil fuels and a just transition to clean energy.  They need to create new national climate plans by 2025 that align with the 1.5°C limit; and they need to bring young people into this work — meaningfully.

The transition to renewables must be just, and it must be sustainable.

We will soon launch our Panel on Critical Energy Transition Minerals — to help to ensure developing countries benefit fully from this transition.

My Youth Advisory Group on Climate Change will have a seat on this panel — and will help to engage young people in its work.

Developed countries must also keep their promises on climate finance, and Governments must make generous contributions to the new loss and damage fund as a step towards climate justice.

And we must all push to get finance flowing to sustainable development more broadly — to turbocharge the Sustainable Development Goals. That includes countries backing and implementing our plans for an SDG Stimulus and supporting deep reforms to the multilateral development banks.

Every generation serves as caretaker of this world.  Let’s be honest:  mine has been careless with that responsibility.  But yours gives me hope.

The United Nations stands with you.  Together, let’s deliver justice.  Let’s deliver solutions.  And let’s create a world of peace and prosperity for all.

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