The World Economic Forum Annual Meeting, which is being held from 21 January to 24 January 2020 in Davos, marks the international institution’s 50th anniversary. The big event is accentuating major issues such as climate change, sustainable developments and economic inclusion.
The World Economic Forum is a non-profit establishment incorporated in 1971 which is headquartered in Geneva, Switzerland. Klaus Schwab, a business professor at the University of Geneva founded this forum with a vision to work on international combats. It is self-reliant, unbiased and does not have any specific concern. This international organisation has put in efforts in global public interest to illustrate industrialism and maintain the highest standards of governance.
The forum has been created with the vision of remodelling the state of the world by inviting business, academic, political and other leaders of the civilisation to embody global, regional and industry schedules.
50th Yearly conference of WEF is slated to take place from 21st January and will conclude on 24th January in DAVOS, an Apline key resort in Graubunden, in the eastern Alps region of Switzerland. The conference invites nearly 3,000 business leaders, international political leaders, economists, celebrities and journalists for up to five days to debate global issues, across 500 public and private discussions.
Nearly six to eight regional conferences are assembled by the organisation every year at locations across Africa, East Asia, Latin America and India. It also holds two annual meetings— one in China and the other one in United Arab Emirates. Luminaries from all stakeholder groups like business, government and civil society across the world get a stage to participate in multiple projects and drives.
The World Economic Forum 2020 has released a new Davos Manifesto with a set of ethical principles in the era of the Fourth Industrial Revolution to mark its 50th birthday. This manifesto targets the organisations for several causes like paying a fair share of taxes, upholding human rights throughout their supply chains, showing zero tolerance for corruption and encouraging for a competitive level playing field. The DAVOS manifesto is required for a better type of capitalism as it offers the best excuse to handle today’s environment and social challenges.
Speakers at DAVOS 2020
Some of the world’s apex business dignitaries, politicians and modicum of personages are assembling in the upcoming 50th World economic forum in Davos, Switzerland end of this week.
The philanthropist list comprises US President Donald Trump, teen climate activist Greta Thunberg and Uber boss Dara Khosrowshahi.
Various world’s pivotal personalities from the UN and EU, the chiefs of the topmost firms like Coca-Cola, Goldman Sachs and IBM will make their presence felt at this global event. Facebook chairman Mark Zuckerberg, U2 Singer Bono, former UK Prime Minister Tony Blair and billionaire financier George Soros are on the routine list of WEF. Posterior to boycotting ministers by Boris Johnson in the UK for attending the event in 2010, the new data from the World Economic forum declares that only 239 delegates from the UK would be gracing the event.
Due to this geopolitical reality, the communities and networks are highlighting the global issues like climate change, sustainable developments and economic inclusion.
People from different walks of life have gathered at the event and put their endeavours for making positive changes in different areas of the economy. Political leaders also use this platform to promote their interests.
Agenda of World Economic Forum 2020
World Economic Forum 2020 will debate on four global, regional and national drives which will prove to be beneficial for all the shareholders. The following issues will be distinctly targeted in the agenda:
- How to address the urgent climate and environmental changes that are harming our ecology and economy.
- How to transform industries to achieve more sustainable and inclusive business models as new political, economic and societal priorities change trade and consumption patterns.
- How to govern the technologies driving the Fourth Industrial Revolution so they benefit business and society while minimising their risks to them, and
- How to adapt to the demographic, social and technological trends rebuilding education, employment and entrepreneurship.
How to buy tickets for DAVOS 2020?
If you need annual membership of the World Economic Forum, the ticket to Davos will cost you $52,000.
A ticket to Davos itself costs $19,000, plus tax (That’s $71,000 for one person).
If you want to go to the private industry sessions, which everyone here agrees are where the real value is, you have to become an “Industry Associate,” which costs $137,000 a year.
If you want to bring a colleague, you can’t just buy another ticket for $19,000; you have to upgrade your membership to “Industry Partner,” which costs $263,000 (vs $52,000). Then you have to buy two tickets, for a total cost for 2 people of $301,000.
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