Davos World Economic Forum - Explained
What is the Davos World Economic Forum?
Written by J. Mance Gordon
Updated at April 23rd, 2024
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is the Davos World Economic Forum?
The Davos World Economic Forum is an annual meeting of the World Economic Forum (WEF) that is held in January at Davos, Switzerland. The forum is a highly rated event that draws attendance from professionals and representatives with high profile across different fields and disciplines. The forum focuses on agenda that seek to reshape industries and economy globally. The Davos World Economic Forum feature discussions on salient issues that are of global importance such as global economic matters and social issues. Attendees of the forum include politicians, business leaders, investors, journalists, executive officers, religious leaders, Academia and others.
Why is the Davos World Economic Forum Important?
The first dignitary that initiated the Davos World Economic Forum was Klaus Schwab, a professor that founded the European Management Forum, a Switzerland not-for-profit organization. The European Management Forum was renamed that World Economic Forum in 1987. The Davos World Economic Forum was initiated in 1971 and it attracted the attention of leaders across the globe. The forum holds annually in january at Davos, Switzerland. The forum is a well-rated platform for discussions on cogent social, economic and environmental matters across the globe. Political leaders were integrated into the attendance of the forum in 1974. Being an annual forum for important deliberations, the Davos World Economic Forum has a theme every year depicting the current situation around the globe. The 2018 marked the 47th edition and had a high attendance. The theme for the 2018 edition of the Davos World Economic Forum wasCreating a Shared Future in a Fractured World. one of the vital issues raised and discussed at the forum was advancing technology and the emergence of Artificial Intelligence (AI). The impacts of this technology on jobs and employees were also highlighted. An estimate of 20 million jobs would be created in the next ten years as AI have human skills automated into them. The World Economic Forum has significant important on different sectors of the economy, the commerce sector is one of them. Various topics are host in the annual forum resting on commerce, development of industries as well as their impact on the economy. Also, the importance of AI and automation as well as other technology innovations on commerce industry is discussed and fostered by the World Economic Forum. It is also said that the commerce industry will witness a massive employment growth resulting from AI and automation.
Related Topics
- Trade Balance: Surplus and Deficit
- Mercantilism
- J Curve
- National Trade Data Bank
- Capital Account (Economics)
- Merchandise Trade Balance
- Current Account
- Income Payments
- Unilateral Transfer
- Is it better to have a trade surplus or a trade deficit?
- Export of Goods and Services and Percentage of GDP
- Heckscher-Ohlin Model
- Linder Hypothesis
- The Balance of Trade as a Balance of Payments
- National Savings and Investment Identity
- Circular Flow of Money
- Financial Capital
- Supply and Demand Sides for Financial Capital?
- Flow of Capital
- Domestic Saving and Investment Determine the Trade Balance
- National Savings Identity and Trade Deficits
- How the Business Cycle Affects Trade Balances
- Trade Balance or Trade Surplus
- Level of Trade
- Comparative Advantage
- Absolute Advantage
- Specialization and Gain from Trade
- Absolute Advantage in All Goods
- Production Possibilities Frontier and Comparative Advantage
- Comparative Advantage and Mutually Beneficial Trade
- Gain from Trade
- Opportunity Costs and International Trade
- Intra-Industry Trade
- Splitting Up the Value Chain
- How Economies of Scale Lead to Trading Advantages
- Protectionism
- Closed Economy
- Tariffs
- Double Column Tariff
- Import Quotas
- Double Column Tariff
- Infant Industry Theory
- National Interest Argument
- Race to the Bottom
- Anti-Dumping Laws
- Dumping
- Trade War
- Race to the Bottom
- Non-Tariff Barriers
- Effects of Trade Barriers
- Who Is Benefited and Who is Harmed by Protectionism?
- Infant Industry Theory for Restricting Imports
- What is the Anti-Dumping Argument for Restricting Imports?
- What is the Environmental Protection Argument for Restricting Imports?
- Race to the Bottom
- Unsafe Consumer Products Argument for Restricting Imports?
- National Interest Argument for Restricting Imports
- What is the WTO?
- What is the GATT?
- What are Free Trade Agreements?
- North American Free Trade Agreement
- Central European Free Trade Agreement
- General Agreement on Free Tariff and Trade (GATT)
- Common Market
- Common Market for Eastern and Southern Africa
- Central American Common Market
- Caribbean Community and Common Market
- What are Economic Unions?
- WTO
- International Monetary Fund
- World Economic Forum
- Inter-American Development Bank
- Davos World Economic Forum
- Chamber of Commerce
- Jackson Hole Economic Symposium