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"
Yalta International Economic Forum transforming the single event into an annual one by a following decision. In the year 2017, 2200 participants from 46 countries had visited the event. Followed by 2018 which is excepted to have over 3000 participants from more than 60 countries. One of the topics in 2018 were crypto currencies. Yalta International Economic Forum The Yalta International Economic Forum (shortened as YIEF) is an annual business event held in Yalta on the Crimea Peninsula since 2015. It is considered the fourth largest Russian economic forum, after the Petersburg International Economic Forum, the Eastern Economic Forum and the Sochi Investment Forum.