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"
16th World Economic Forum on Africa 16th World Economic Forum on Africa The 16th World Economic Forum on Africa: Going for Growth was a World Economic Forum economic summit meeting held in Cape Town, South Africa, from May 31 to June 2, 2006. The summit was attended by some 650 political and business leaders from 39 countries, focusing particularly on rapidly increasing African commodity prices. It also examined issues relating to the promotion of investment, improving world opinion, combating hunger, sustainable development, and offer specific initiatives to address these and other economic issues facing part of or the entire continent. Among the prominent participants were: In