World Economic Forum

The World Economic Forum (WEF) is a Geneva-based foundation whose Annual Meeting of chief executives of the world's richest corporations, some national political leaders (presidents, prime ministers and others), and selected intellectuals and journalists, about 2000 people in all, is usually held in Davos, Switzerland. There are also regional meetings throughout the year. It was founded in 1971 by Klaus M. Schwab, a business professor in Switzerland, and has helped fund his family foundation, the Schwab Foundation for Social Entrepreneurship.

Media access

At any WEF Annual Meeting or regional meeting, while many journalists, selected by the WEF and known as media fellows, participate in most of the formally scheduled panels and events, they are excluded from the many informal industry-wide workshops and private meetings between corporate executives, political leaders and leaders of international financial institutions. Since these informal meetings happen without access either by the mainstream media or authorisation by national parliaments, critics consider them to be undemocratic in nature. The World Economic Forum's own magazine is the annual Global Agenda.

Related Topics:
International financial institution - Mainstream media - Parliament - Global Agenda

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