Its themes include the Russo-Ukrainian War, climate change, energy insecurity and inflation. [165][146], The World Economic Forum's "Global Redesign" report suggests to create "public-private" United Nations (UN) in which selected agencies operate and steer global agendas under shared governance systems. This year, attendees include US President Donald Trump, climate activist Greta Thunberg, Goldman Sachs CEO David Solomon, JP Morgan Chase CEO Jamie Dimon, and Facebook COO Sheryl Sandberg, Business Insider reported. that global integration is here to stay, albeit with nuance. The Forum aims to explore innovative solutions and . Top editors give you the stories you want delivered right to your inbox each weekday. There are no further details provided to what asset classes or individual names the WEF allocates its financial assets of CHF 261 million. At least 20% of each sector should take specific measures, and 10 sectors should be transformed before COP26 in Glasgow. Addressing these disruptions cannot be done in a piecemeal mannerwe must confront them systemically. Kara is currently the Director, Bayview Yards Growth and Success at Invest Ottawa, the lead . This chart shows the countries with the most attendees at the World Economic Forum 2020. "[178], In December 2021, the Catholic Cardinal and former Prefect of the Congregation for the Doctrine of the Faith (CDF) Gerhard Ludwig Mller criticised in a controversial interview that people like WEF founder Schwab were sitting "on the throne of their wealth" and were not touched by the everyday difficulties and sufferings people face e.g. Yes, Statista allows the easy integration of many infographics on other websites. Here are key talking points you may have missed: The economic toll of the coronavirus pandemic lent a new urgency to this year's WEF conference. [122], In Sustainable Development, the community has launched the Shaping Fashion Initiative involving the hubs of Dusseldorf, Corrientes, Lahore, Davao, Milan, Lyon, Quito, Taipei, and others. Looks to bridge the public trust gap and accelerate the transition to cleaner, safer, more inclusive mobility systems. Davos 2023: Who's attending the World Economic Forum? Academia, which had been the basis of the first annual conference in 1971, had been marginalised to the smallest participant group (183 attendees). "[140], In 2019, the Manager Magazin journalist Henrik Mller argued that the "Davos Man" had already decayed into different groups and camps. NOW WATCH: A top EY executive who has her pulse on what US business leaders are thinking says she's not worried about a recession, tensions with the United States over the killing of top Iranian general Qassem Soleimani, The New York Times' Michael J. de la MercedandRussell Goldman, Countless business leaders, 53 heads of state, and a handful of celebrities attended last year's meeting, and the. Can I integrate infographics into my blog or website? The event, which will be held on June 14-17, 2023, is a global platform for leaders, policymakers, and businesses to discuss key economic issues and trends. [135], A number of NGOs have used the World Economic Forum to highlight growing inequalities and wealth gaps, which they consider not to be addressed extensively enough or even to be fortified through institutions like the WEF. World Economic Forum - Wikipedia [114] In 2017 members met with representatives and partners of WEF's new Center for the Fourth Industrial Revolution. [11], The cost to be paid by companies for a delegate to the WEF were US$70,000 in the early 2000 years, and in 2022 were US$120,000. But more objects in space also mean more space debris and higher risks of collisions. [85][86], The Global Health Initiative was launched by Kofi Annan at the annual meeting in 2002. What is a vaccine passport and will you need one the next time you travel? same. Leads insights and discussions on future of work, gender equality, racial equity, and productivity. The rich and powerful have postponed their annual descent on a small resort town in Switzerland. How the Davos Agenda 2021 outlined a path for global cooperation, Fostering Responsible AI Leadership (Option 2) | DAVOS AGENDA 2021, A vaccination race between nations can have no winners, Head of Digital and Marketing; Member of the Executive Committee, is affecting economies, industries and global issues, with our crowdsourced digital platform to deliver impact at scale. Some critics see the WEF's increasing focus on activist areas such as environmental protection[117] and social entrepreneurship[118] as a strategy to disguise the true plutocratic goals of the organisation. To secure a sustainable, inclusive future in a world of continuous, overlapping disruptions, leaders are recognizing the critical need to invest in long-term resilience. In January 2015, it was designated an NGO with "other international body" status by the Swiss Federal Government under the Swiss Host-State Act. Chart: Who's Going to Davos? | Statista Thomson Reuters Foundation is a charity registered in England and Wales (registration number: 1082139), by Five actions can help. [44], Headquartered in Cologny, the WEF also has offices in New York, Beijing and Tokyo. [68], An analysis by The Economist from 2014 found that the vast majority of participants are male and more than 50 years old. The projection featured young people from Kenya, the Philippines, the UK, and Mexico rejecting the Davos script and replacing it with their solutions to inequality. proper attribution to Statista. on two sectors: "Media and Technology", updated That's exactly what the World Economic Forum (WEF) does with its annual meeting. In the United States, the controversy over the GameSpot stock, involving amateur retail investors who organised online to disrupt the schemes of hedge funds, is an example of populist scorn held by many for the type of institutional investors who attend Davos each year. Big names include: Wael Sawan (Shell) Andy Jassy (Amazon) Jane Fraser (Citigroup) Stphane Bancel. In the article is mentioned that in Costa Rica the GDP is 4 times smaller than in many countries in Western Europe and North America, but people live longer and better. About 3,000 business and political leaders were set to attend Davos in 2020, Reuters reported ahead of the January event. Something went wrong. "A white badge means you're one of the delegates you might be the chief executive of a company or the leader of a country (although that would also get you a little holographic sticker to add to your badge), or a senior journalist. [149][150][151] The World Economic Forum has in this context filed legal complaints against at least three investigative articles by reporters Katie Gibbons and Billy Kenber that were published by the British newspaper The Times in March 2020. The 2020 Davos Guest List - Morning Brew [88], Between 21 and 24 January 2020, at the early stages of the COVID-19 outbreak, CEPI met with leaders from Moderna to establish plans for a COVID-19 vaccine at the Davos gathering,[89] with a total global case number of 274 and total loss of life the virus at 16. In this edition of, Senior Partner and Managing Partner, Abu Dhabi, Senior Partner and Chief Legal Officer, New York. The term refers to people who "have little need for national loyalty, view national boundaries as obstacles, and see national governments as residues from the past whose only useful function is to facilitate the elite's global operations" according to political scientist Samuel P. Huntington, who is credited with inventing the neologism. German Chancellor Angela Merkel and US President Donald Trump were among the 53 heads of state who attended the 2020 event. However, the most important thing that happens at Davos is networking. Davos 2021: Billionaires, big tech and vaccines top the WEF agenda For more details, review our .chakra .wef-12jlgmc{-webkit-transition:all 0.15s ease-out;transition:all 0.15s ease-out;cursor:pointer;-webkit-text-decoration:none;text-decoration:none;outline:none;color:inherit;font-weight:700;}.chakra .wef-12jlgmc:hover,.chakra .wef-12jlgmc[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}.chakra .wef-12jlgmc:focus,.chakra .wef-12jlgmc[data-focus]{box-shadow:0 0 0 3px rgba(168,203,251,0.5);}privacy policy. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The World Economic Forum will take place in Davos from January 21 to 24. Resilience | Sustainability | Reimagining Globalization | Inclusion | Space, Don't miss this roundup of our newest and most distinctive insights. African and Asian markets are also underrepresented, former U.S. Deputy Under Secretary of Commerce for International Trade and Foreign Policy magazine editor David Rothkopf told CBS. [46], The World Economic Forum claims to be impartial and that it is not tied to any political, partisan, or national interests. Even in 2020, participants travelled to the WEF annual meeting in Davos on around 1,300 private jets while the total emissions burden from transport and accommodation were enormous in their view. [126], In May 2020, the WEF and the Prince of Wales's Sustainable Markets Initiative launched "The Great Reset" project, a five-point plan to enhance sustainable economic growth following the global recession caused by the COVID-19 pandemic lockdowns. Davos will have dozens of billionaires and heads of state in. Even those who don't pay for the conference are still on the hook for the WEF's membership fees, which start at 60,000 Swiss francs ($62,000) per year and can range up to 600,000 Swiss francs ($620,000) depending on the type of membership, according to the BBC. Around 3,000 participants are expected to attend this year, including Swedish environmental activist Greta Thunberg, Prince William and U.S. President Donald Trump. To make meaningful and sustainable progress toward gender equality, companies need to go beyond table stakes. Jumping the COVID-19 vaccine line: Where it's happening and what's being done to stop it, Billionaires thriving as poor suffer in widening COVID-19 divide - Oxfam, Climate change less likely to be seen as an emergency in poor nations, (Reporting by Lin Taylor @linnytayls, Editing by Tom Finn. REUTERS/Denis Balibouse. Only 22% percent of Davos' 2019 attendees were women, the BBC reported. current data from the United States and around the People in honorary positions are level six. Co-leads McKinsey's Coleads the Risk & Resilience Practice; advises leading financial institutions on cybersecurity, strategies for risk management, Chairman of McKinseys offices in Asia; helps McKinseys clients in Asia create change that matters, by building leading institutions Works with key public, private, and social sector institutions to accelerate growth and development in Africa.