The annual Davos gathering and year-round organization (founded by Klaus Schwab in 1971) that convenes global business and political leaders to discuss world economic and governance issues.
Davos as soft power institution: the WEF's contribution is convening — bringing together the CEOs of the world's largest companies with heads of state, central bankers, and major NGOs to align on global economic priorities. The forum's power is ideational (shaping the elite consensus on issues like climate, trade, and governance) rather than formal. Its 'stakeholder capitalism' agenda (companies should serve all stakeholders, not just shareholders) and Great Reset proposal (post-COVID economic restructuring) made it a focal point for both progressive hopes and conspiracy theories about global elite coordination.
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