CURRENT AFFAIRS

Detailed explanation-1: -The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the eastern Alps region of Switzerland.

Detailed explanation-2: -At any other time of the year, Davos is unremarkable other than being a popular ski resort high in the Swiss Alps. But for one week in January, it becomes the focus of the world’s attention as the global elites all converge on the small alpine town for the annual meeting of the World Economic Forum (WEF).

Detailed explanation-3: -The World Economic Forum’s Annual Meeting 2023, held in the Swiss town of Davos, ended Friday – a conference that started in a world possibly fundamentally altered, but whose processes and outcomes remained pretty much business as usual. The theme this year was ‘Cooperation in a Fragmented World’.

Detailed explanation-4: -The Annual Meeting will convene leaders from government, business, and civil society to address the state of the world and discuss priorities for the year ahead. It will provide a platform to engage in constructive, forward-looking dialogues and help find solutions through public-private cooperation.

Detailed explanation-5: -The World Economic Forum, mostly known for its annual summit in Davos, Switzerland, is a non-governmental lobbying organisation founded by economist Klaus Scwab.