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
World Forum for Democracy World Forum for Democracy The World Forum for Democracy is an gathering each November in Strasbourg, France to debate the complex challenges facing democracies today and foster democratic innovation. The Forum is hosted by the Council of Europe and brings together members of civil society, political leaders and representatives of business, academia, media and professional groups. Past editions have revolved around themes such as "Bridging the gap: democracy between old models and new realities", "Re-wiring Democracy: connecting institutions and citizens in the digital age" and "From participation to influence: can youth revitalise democracy?". The Forum’s concept is that the challenges