Klaus Schwab founded World Economic Forum in 1971
Flickr-World Economic Forum
The World Economic Forum (WEF) unites international political leaders, business leaders and journalists from across the globe to discuss and shape global, regional and industrial agendas with regards to economics, health and the environment.
The WEF was founded in 1971 as a non-profit organization by the German Klaus Schwab, a business professor at the University of Geneva. At its annual summit in the eastern Alps of Switzerland, the WEF gathers around 2,200 participants and 500 journalists.