The World Economic Forum began as the European Management Forum, founded in January 1971 by Klaus Schwab, a professor of business at the University of Geneva, who invited European business leaders to the Swiss resort of Davos to learn about American management methods. It was renamed in 1987 and widened its scope to include politics. The annual meeting in Davos, held each January, brings together business executives, government leaders and academics, and informal meetings there have sometimes had diplomatic results, as when Greece and Turkey met in 1988 to avert a crisis. The forum is a Swiss non-profit foundation based near Geneva. It is also criticised as an elite gathering, and protests regularly accompany the meeting.
Before and after
- 12 November 1970The Bhola cyclone devastates East Pakistan
- 21 November 1970Death of Chandrasekhara Venkata Raman
- 12 December 1970Birth of Jennifer Connelly
- 1971Founding of Las Campanas Observatory
- January 1971Founding of World Economic Forum
- from 1971 to 1986Salyut programme
- 1971Establishment of Kevladev National Park
- from 1971 to 2001Rise of Japanese Red Army
- 1971Microprocessor
More in Society, economy & sport
- 1945Founding of International Court of Justice
- 24 October 1945Founding of United Nations Security Council
- 1952Founding of European Parliament
- 15 June 1954Founding of Union of European Football Associations
- 8 December 1991Founding of Commonwealth of Independent States
- 4 February 2004Founding of Facebook
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.