World Economic Forum series of research reports and engages its members in sector-specific initiatives. There have been many other international conferences nicknamed with "Davos". However, the World Economic Forum objected the use of "Davos" in such contexts for any event not organised by them. This particular statement was issued on 22 October 2018, a day before the opening of 2018 Future Investment Initiative (nicknamed "Davos in the desert") organised by the Public Investment Fund of Saudi Arabia. The WEF was founded in 1971 by Klaus Schwab, a German-born business professor at the University of Geneva. First named the "European Management Forum", it changed
St. Petersburg International Economic Forum systems in various regions of the world? What measures should have been taken at national and supranational levels to alter the situation? What was the role of the banking sector and state policy in this sector? Was it enough to reform only the financial system, or were wider structural changes needed? These and many other questions were specifically discussed by Forum participants. The centuries-long history of the world had demonstrated many examples of struggle with economic crises and the methods of overcoming them. 2,514 people attended the official Forum program, including: • 5 Heads of States and Governments (Presidents of