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For the 50th time, Switzerland will be the center of attention for the world leaders in business and politics. This year marks the 50th anniversary of the event in the Swiss Alps. The World Economic Forum, an annual meeting of global political and business elites, will take place from January 21th to 24th in Davos-Klosters, Switzerland. The importance of Davos is best described by the World Economic Forum itself, which says, “The Forum engages the most experienced and the most promising, all working together in the collaborative and collegial spirit of Davos.”

Where is Davos?

Davos is the is the highest “town” in Europe with the height of 1,560. Most of the year it is just a small ski town in the Swiss Alps with the population of 11,060. It is located is around 92 miles southeast of Zurich, the Capital of Switzerland.

What is the world economic forum (WEF)?

Once a year, global political and business elites elite (heads of state and government, CEOs, academics, celebrities) from all over the world get together in Davos to discuss the global economy. At first, the name of the event was “European Management Forum” where 450 people, mostly academics and economists, attend the meeting in 1971. Since 1987, the event went global and it called “World Economic Forum” or simply “Davos”.

What is the point of the WEF?

Noteworthy, the WEF attracts the attention of millions of people worldwide due to its agenda that focuses on issues that go far beyond economic problems. This event is one of the year’s best opportunity to networking for politicians, chief executives and members of international cooperations. Davos is one of the major discussion platforms that renders topics including political processes, human rights, climate change, development of science and modern technologies all “committed to improve the state of the world.”

What will happen in the WEF 2020?

The 50th WEF annual meeting will be held from January 21th to 24th in Davos. The main theme of this year will be “Stakeholders for a Cohesive and Sustainable World”. The 50th WEF will focus on “renewing the concept of stakeholder capitalism to overcome income inequality, societal division and the climate crisis”. It has been predicted that more than 3,000 people from about 117 countries will attend the event this year.

Four global issues that will feature prominently on the agenda are:

  • How to address the urgent climate and environmental challenges 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 minimizing their risks to them; and
  • How to adapt to the demographic, social and technological trends reshaping education, employment and entrepreneurship.

Who will attend the WEF 2020?

The 2020 event will convene 53 heads of state – with US President Donald Trump, German Chancellor Angela Merkel and Giuseppe Conte, Prime Minister of Italy among them.

How to follow the WEF 2020?

But if your tight schedule doesn’t have a gap for visiting Davos but you want to learn about all the latest news from this prestigious forum – don’t worry. During the Davos becomes a focal point for media coverage. Over 500 journalists will cover the Davos.

Moreover, you can follow the news of WEF 2020 through social media channels. The WEF’s official Twitter account, @wef, has more than 3 million followers. You can also follow with the official meeting hashtag, #wef20. You can also join WEF facebook channel (http://wef.ch/facebook). Selected sessions will be stream through official YouTube channel of WEF (https://www.youtube.com/user/WorldEconomicForum).

To Sum up

As you can see, the WEF Annual Meeting is an exceptional event for Switzerland. It provides a unique opportunity to cultivate relations with a great many leading figures, exchange views and seek solutions to world problems. Furthermore, the presence of prominent guests like President Donald Trump and German Chancellor Angela Merkel has made the event more important.

WEF gives Switzerland a chance to show its important role in the global agenda with the cherry on the pie being Switzerland’s longstanding tradition of serving as a host country for international conferences and gatherings.

 

Michael AW

Michael AW

Michael is the founder of Fantastic Switzerland Associaton. A non-profit organization to promote the location of Switzerland

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