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Davos Agenda 22

  • Vaid's ICS, Lucknow
  • 19, Jan 2022
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Why in News?

The World Economic Forum is holding its annual meeting in Davos.

Why is WEF important?

The WEF summit is attended by people from across the political and corporate world, including heads of state, policy makers, top executives, industrialists, media personalities and technocrats.

  • Deliberations at the WEF influence public sector and corporate decision-making, particularly on issues of global importance such as poverty, social challenges, climate change and global economic recovery.
  • The key mix of economic, corporate and political leadership at Swiss ski resorts provides the perfect opportunity to find solutions to the global challenges that emerge from time to time.

What are the main initiatives?

  • The Agenda 2022 will see the launch of other WEF initiatives on the economic opportunity of nature-positive solutions, and the Mission on Cyber ​​Resilience to accelerate net-zero emissions.
  • Bridging the vaccine gap, strengthening the resilience of global value chains, besides building economies in fragile markets through human investment will also be among the topics of discussion over the next few days.
  • How to use data solutions to prepare for the next pandemic will also be included in the discussion.

How is WEF received outside?

While the WEF sees large-scale participation from top industry, business leaders, civil society and international organizations each year, it has been criticized for being more of a networking hub than a nebula of wisdom or a platform to find effective solutions to global issues.

The forum, which provides opportunities for collaboration through dialogue, has also been criticized for lack of representation from various sections of civil society and for lack of effective solutions.

About the World Economic Forum:

It is a Swiss nonprofit foundation established in 1971, based in Geneva, Switzerland.

Founder and Executive Chairman: Klaus Schwab.

Some major reports published by WEF are:

  • Energy Transition Index.
  • Global Competitiveness Report.
  • Global IT Report.
  • Global Gender Gap Report.
  • Global Risk Report.
  • Global Travel and Tourism Report.

Facts for Prelims :

Academic Bank of Credit (ABC)

  • The Centre has brought all recognised higher education institutions, irrespective of their accreditation or rankings, under the ambit of the Academic Bank of Credit (ABC).
  • The government has brought the IITs, IIMs and other Institutions of National Importance (INIs) under the Academic Bank of Credit (ABC) framework, which allows students to pursue up to 50 per cent of a course from institutions other than the one with which they are enrolled.