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The Earth Times | Posted February 3, 2002




What it is, what it does, and why
> BY COURTNEY ZOFFNESS
Copyright © 2002 by The Earth Times. All rights reserved

The "forum" part of World Economic Forum is slightly misleading. The word implies a public meeting place, open for discussion. However, the WEF, which declares "impartiality" on the opening page of its 2002 Participants Yearbook, has a "members" list which caps at 1,000 "of the world's foremost corporations"-each of which pays more than $20,000 to belong.

While on the subject of semantics, "foremost" is also subjective. The term references categories like size, wealth, international presence and, one would hope, a "commitment to improve the state of the world"-the Forum's mission statement. However, with so many criteria to consider, which companies have the winning combination? Moreover, if the Forum intends to act in the interest of the "global public," as the preface declares, why are not more members of the public-minus the "foremost" 1,000-not invited?

Actually, there are more invitees: the "partners" (not to be confused with WEF "members"). "Partners," according to the official WEF brochure, "are a small group of companies selected from among the most engaged Forum Members." These companies "commit to a higher level of ongoing involvement in the Forum and its activities."

Thumb through the pages of the Annual Meeting 2002 Participants Yearbook and you'll find Philip Bowring, a columnist for the International Herald Tribune; Michael Dell, Chairman and CEO of Dell Computer Corporation; Shekhar Kapur, Film Director of Creative Artists Agency; and Olympia Snowe (yes, a woman), a Republican Senator from Maine.

Then there is the Foundation Board, a committee "of eminent figures from business and politics" which supervises Forum activities - not to be confused with the Leadership Team "which supervises ongoing projects and initiatives." The Forum is advised, meanwhile, (ah, semantics) by a World Business Council, "comprised of CEOs from the world's largest and most influential companies," and is directed by a Managing Board.

The Annual Meeting of the World Economic Forum, the organization's flagship event, began when Klaus Schwab, a professor of business administration at the University of Geneva, planned a business conference in the Alpine resort of Davos in 1970. A year later, after the first "official" Davos meeting, the "European Management Forum" was founded as a not-for-profit foundation. In 1987, "in recognition of the Forum's transformation from a European to a global institution," the World Economic Forum was born.

Of course, anybody can congregate if they so choose. The main question here is this: How can an organization that has consultative status with the United Nations, that wants to close the global digital divide, that encourages sustainable development, that aims to provide adequate healthcare to all countries, East or West, and promotes inclusivity be so exclusive? Ostracized parties in New York and elsewhere should decide for themselves.

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