In News :

Context :

• The annual meet of World Economic Forum (WEF) will begin in Davos. World leaders from across the globe will flock to the ski resort town on the Swiss Alps for five days to discuss what’s ailing the world amid fears of the global economy sleepwalking into a crisis. 
• Those expected to attend include German Chancellor Angela Merkel, Swiss President Ueli Maurer, Japan’s Shinzo Abe, Italy’s Giuseppe Conte and Israel’s Benjamin Netanyahu among more than 30 heads of states/government, as also CEOs of global corporations, central bankers, economists, civil society leaders, media heads, celebrities and heads of international organisations like IMF, WTO, OECD and World Bank, among more than 3,000 participants.

Theme of the Year

• The theme of the event would be ‘Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution’, which would have several India-focussed

World Economic Forum :

• The World Economic Forum (WEF) is a Swiss nonprofit foundation, based in Cologny, Geneva. Recognized by the Swiss authorities as the international institution for public-private cooperation, its mission is cited as “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”.
• The Forum is best known for its annual winter meeting for five days in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 2,500 top business leaders, international political leaders, selected intellectuals, and journalists for up to five days (winter) to discuss the most pressing issues facing the world.