World Economic Forum (WEF)

Latest Context

  • The Union Minister for Railways, Communications, Electronics & IT clarified that WEF–Davos functions primarily as a platform for idea exchange and dialogue, not for formal group-to-group trade negotiations.

About the World Economic Forum

  • is an international non-profit organisation that convenes leaders from government, business, academia, and civil society to deliberate on global challenges.
  • Established: 1971
  • Founder: Klaus Schwab
  • Headquarters: Geneva, Switzerland
  • Mission: “To improve the state of the world through public–private cooperation.”
  • Promotes the stakeholder theory, emphasising broader societal responsibility beyond shareholder value.

Annual Meeting at Davos

  • Best known for the Annual Meeting at Davos, a Swiss ski resort.
  • Brings together heads of state, ministers, CEOs, international organisations, and civil society leaders.
  • Focuses on setting global priorities for the year ahead.

Key Areas of Engagement

  • Global economy and growth
  • Climate change and sustainability
  • Technology and innovation
  • Global security and geopolitics
  • Inclusive development and social cohesion

Nature and Funding

  • Functions as a dialogue and agenda-setting forum, not a treaty-making or negotiating body.
  • Funded by membership fees and partnerships with leading global companies and institutions.

Significance for India

  • Provides India a high-visibility platform to:
    • Present policy priorities and reform narratives
    • Engage informally with global leaders and investors
    • Shape discourse on development, technology, and climate action
  • However, outcomes are normative and consultative, not legally binding.

Prelims Quick Facts

  • Type: International non-profit organisation
  • Year: 1971
  • HQ: Geneva
  • Famous event: Annual Meeting at Davos
  • Core role: Global dialogue, not negotiations or enforcement
About the UPSC Civil Services Examination (UPSC CSE)

The UPSC Civil Services Examination (CSE) is one of the most competitive and esteemed examinations in India, conducted by the Union Public Service Commission to recruit officers for services such as the Indian Administrative Service (IAS), Indian Police Service (IPS), Indian Foreign Service (IFS), and others. The exam comprises three stages — Prelims, Mains, and the Personality Test (Interview) — designed to test a candidate’s knowledge, aptitude, decision-making, and leadership skills.


How to Prepare Effectively for UPSC CSE

Cracking the UPSC CSE requires a deep understanding of the syllabus, consistent revision, structured answer writing, and smart test-taking strategies. The Prelims test analytical and conceptual clarity, the Mains focuses on critical thinking, articulation, and subject mastery, while the Interview assesses presence of mind, ethical judgment, and personality traits relevant to public service.

At UnderStand UPSC, we empower aspirants with a personalized and focused approach to each stage of the exam.


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