World Economic Forum its name to the World Economic Forum in 1987 and sought to broaden its vision to include providing a platform for resolving international conflicts. In the summer of 1971, Schwab invited 444 executives from Western European firms to the first European Management Symposium held in the Davos Congress Centre under the patronage of the European Commission and European industrial associations, where Schwab sought to introduce European firms to American management practices. He then founded the WEF as a nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January. Schwab developed the "stakeholder"
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