World Economic Forum (WEF)

Why in news?

• Prime Minister Shri Narendra Modi will address the World Economic Forum’s Davos Dialogue on 28th January, 2021 via video conferencing.
• More than 400 top industry leaders from across the globe will attend the session, wherein  the Prime Minister will be speaking on the Fourth Industrial Revolution - using technology for the good of humanity.
• Prime Minister will also be interacting with the CEOs during the event.

About WEF:

• The World Economic Forum (WEF) is a Swiss non-profit foundation, based in Cologny, Geneva Canton, Switzerland.
• Its mission is cited 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.
• The WEF hosts an annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland.
•  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.
• 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.
• 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.
• It also produces a series of reports and engages its members in sector-specific initiatives.

Major reports by WEF:

• Global Risks Report
• Global Competitiveness Report
• Global Information Technology Report
• Global Travel and Tourism competitiveness index
• Global Gender Gap Report etc.
• Enabling Trade Report
• Global Environment Performance Index
• World Power Language Index
• Inclusive Development Index
• Human Capital Index
• Energy Transition Index

PRELIMS QUESTION

Global Travel and Tourism competitiveness index is published by:
(a)Yale university
(b)The International Air Transport Association
(c)World Economic Forum
(d)World Bank

Answer to Prelims Question