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"
International Economic Forum of the Americas construct a global market that would benefit of every countries. A desire emerged to create an independent international forum in Montreal, to identify and understand the impact of all these developments on the global economic system. The IEFA now hosts four annual events: the Conference of Montreal, the Toronto Global Forum, the World Strategic Forum, held in Miami and The Conference of Paris. These conferences and forums have welcomed past and present politicians, heads of states, corporate executives, central bankers and global economic decision makers. The Conference of Montreal is an annual event organized by the International Economic Forum of