What is the theme of the World Economic Forum (WEF) Annual Meeting 2023?

Correct option is B

The correct answer is (b) Cooperation in a Fragmented World

Explanation:

• The theme of the World Economic Forum (WEF) Annual Meeting 2023 was "Cooperation in a Fragmented World".
• This theme emphasized the need for global collaboration to address pressing challenges such as economic instability, geopolitical tensions, climate change, and public health crises.
• The meeting brought together over 2,700 leaders from government, business, and civil society to discuss solutions and foster public-private cooperation.

Information Booster:

• The World Economic Forum (WEF) hold its Annual Meeting from January 20 to 24 in Davos, Switzerland.
• The theme of the World Economic Forum's 2025 Annual Meeting was "Collaboration for the Intelligent Age". 

World Economic Forum (WEF)

• Established: 1971 by German engineer and economist Klaus Schwab as a not-for-profit foundation.
• Initially known as the European Management Forum.
• Purpose: To engage organizations and leaders in dialogue, debate, and commitments to build more future-ready, resilient, inclusive, and sustainable economies and societies.
• Concept: Introduced stakeholder capitalism.

Background:

• 1973 Events:
• Collapse of the Bretton Woods fixed exchange rate mechanism.
• Arab-Israeli War, expanding the Annual Meeting's focus from management to economic and social issues.
• 1975: Introduced a membership system for the 1,000 leading companies globally.
• 1987: The European Management Forum was renamed World Economic Forum and broadened its vision to include a platform for dialogue.
• 2015: Recognized as an international organization.

Funding:

• Primarily funded by partnering corporations, generally global enterprises with an annual turnover of over $5 billion.

Reports Published by WEF:

1. Global Competitiveness Report
2. Global Information Technology Report
3. Global Gender Gap Report
4. Global Risks Report
5. Global Travel and Tourism Report
6. Global Enabling Trade Report

Headquarters and Offices:

• Headquarters: Geneva, Switzerland.
• Offices:
• New York, San Francisco (USA)
• Beijing, China
• Tokyo, Japan