UPSC Essentials: One word a day- World Economic Forum

Take a look at the essential concepts, terms, and phenomena from the static part of the UPSC-CSE.

WEF, World Economic Forum, UPSC CSE news, UPSC current affairs, Davos summit, UPSC Essentials, One word a day,

WEF is a Swiss nonprofit foundation established in 1971

The World Economic Forum (WEF) is in news due to the Davos Summit. Keeping this in mind, UPSC aspirants must make a note of such international forums for the UPSC-CSE prelims and mains exams.

Word: World Economic Forum

Subject: Economy, International Relations

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What is World Economic Forum?

The World Economic Forum (WEF) is a Swiss nonprofit foundation established in 1971, based in Geneva, Switzerland. It is recognised by the Swiss authorities as an international institution for public-private cooperation. The Founder and Executive Chairman of WEF is Klaus Schwab.

What is the mission of WEF?

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WEF is committed to improving the situation of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.

What are some major reports published by WEF?

Some of the major reports published by WEF are:

— Energy Transition Index,

— Global Competitiveness Report,

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— Global IT Report (WEF along with INSEAD, and Cornell University publishes this report),

— Global Gender Gap Report,

— Global Risk Report

— Global Travel and Tourism Report

Where is the annual meeting of WEF, 2022 taking place?

The World Economic Forum’s annual meeting will take place in Davos-Klosters, Switzerland. This year, the meeting will commence on May 22 and all proceedings will conclude on May 26, 2022.

Theme of WEF’s annual meeting, 2022

This year, the WEF’s annual meeting will take place under the theme of ‘Working Together, Restoring Trust’.

Point to ponder

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What were the major takeaways of the PM Modi’s address at the World Economic Forum’s (WEF) Davos agenda in January this year?

Manas Srivastava

Manas Srivastava leads the UPSC Essentials section of The Indian Express (digital). He majorly writes on UPSC, other competitive exams and education-related projects. In the past, Manas has represented India at the G-20 Youth Summit in Mexico. He is a former member of the Youth Council, GOI. A two-time topper/gold medallist in History (both in graduation and post-graduation) from Delhi University, he has mentored and taught UPSC aspirants for more than five years. His diverse role in The Indian Express consists of writing, editing, anchoring/ hosting, interviewing experts, and curating and simplifying news for the benefit of students. He hosts the YouTube talk show called ‘Art and Culture with Devdutt Pattanaik’ and a LIVE series on Instagram and YouTube called ‘LIVE with Manas’.His talks on ‘How to read a newspaper’ focus on newspaper reading as an essential habit for students. His articles and videos aim at finding solutions to the general queries of students and hence he believes in being students' editor, preparing them not just for any exam but helping them to become informed citizens. This is where he makes his teaching profession meet journalism. He is also the editor of UPSC Essentials' monthly magazine for the aspirants. He is a recipient of the Dip Chand Memorial Award, the Lala Ram Mohan Prize and Prof. Papiya Ghosh Memorial Prize for academic excellence. He was also awarded the University’s Post-Graduate Scholarship for pursuing M.A. in History where he chose to specialise in Ancient India due to his keen interest in Archaeology. He has also successfully completed a Certificate course on Women’s Studies by the Women’s Studies Development Centre, DU. As a part of N.S.S in the past, Manas has worked with national and international organisations and has shown keen interest and active participation in Social Service. He has led and been a part of projects involving areas such as gender sensitisation, persons with disability, helping slum dwellers, environment, adopting our heritage programme. He has also presented a case study on ‘Psychological stress among students’ at ICSQCC- Sri Lanka. As a compere for seminars and other events he likes to keep his orating hobby alive. His interests also lie in International Relations, Governance, Social issues, Essays and poetry. ... Read More

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