The World Economic Forum (WEF) is an international organization that mobilizes public and private cooperation to drive positive change in the world. For more than 50 years, the organization has engaged governments, businesses and civil society leaders to have a meaningful impact on improving the world’s situation through historic initiatives. The forum is best known for the annual meeting of the World Economic Forum in Davos, where leaders reflect on global issues and find solutions.
The World Economic Forum in Davos has participated in key global events over the past 50 years, including economic globalization and climate change.
Here’s a look at some of the highlights of the past five years.
For the first time, a head of state from the People’s Republic of China attended the World Economic Forum. Chinese President Xi Jinping said his country is a responsible global citizen and dedicated to pursuing international integration. He was accompanied by a huge delegation of Chinese officials and business leaders.
The global epidemic response initiative, Coalition for Epidemic Preparedness Innovations (CEPI), was launched at the WEF in Davos the same year. In addition to ensuring the supply of vaccines in case of emergency, the initiative aims to research new vaccines against tropical diseases. Prominent donors, including the Bill and Melinda Gates Foundation, have raised nearly $500 million for a new partnership with countries including Germany, Japan and Norway.
2018 – Prime Minister Narendra Modi has become India’s first head of state to deliver the inaugural address at the annual Davos gathering. The Prime Minister stressed the need to focus on climate change, terrorism and protectionism.
In the same year, the WEF launched the Friends of Ocean Action (FOA) initiative to help achieve the Sustainable Development Goals on the world’s oceans. The initiative saw the participation of 46 senior leaders and influencers committed to the Ocean agenda. He was able to mobilize action on several ocean-related issues in the first six months, identifying seven key areas requiring public-private partnership to achieve global impact.
2019 –Brazilian President Jair Bolsonaro, who once promised to open the Amazon rainforest to agriculture, told Davos his country was making efforts to care for the world’s largest rainforest.
“Brazil is a paradise. We are the country that preserves the environment the most,” he said. The following year, the Brazilian president skipped the meeting in Switzerland.
Later that year, the forum and the United Nations signed a strategic partnership framework in New York outlining areas of cooperation to jointly accelerate the implementation of the 2030 Agenda for Sustainable Development.
2020 – The outbreak of the COVID-19 pandemic has been a source of concern for participants at the 50th annual meeting of the World Economic Forum in Davos. CEPI met with Moderna executives at the Davos summit and announced a new partnership to develop vaccines against the virus as soon as possible. They planned to release a vaccine before the outbreak turned into a global epidemic. Six days later, the World Health Organization declared COVID-19 a global health emergency.
Later that year, Charles, Prince of Wales said recovering from the COVID-19 crisis was an opportunity to reset the global economy by prioritizing sustainable development without further damaging the planet.
2021- The World Economic Forum originally planned to hold the summit in Singapore in August, but had to cancel given the COVID-19 situation.
(Edited by : Sudarsanan Mani)
First post: STI