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 The participants in this B20 summit brought concrete proposals to St. Petersburg with them – aimed at stimulating the global economy, creating jobs, and improving the world's monetary and financial system. From June 18 to 20 SPIEF hosted a Y20 youth summit, and on June 22, 2013 there was a Russia–ASEAN Business Forum. The XVIII St. Petersburg International Economic Forum was held from May 22 to 24, 2014. Theme of SPIEF 2014: "Sustaining Confidence in a World Undergoing Transformation". The Forum included 82 events, and welcomed three foreign heads of state. In total, the Forum was attended by over 7,500