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Definition of

WEF

Economics abbr

organization seeking to effect global economic improvement World Economic Forum: an independent economic organization whose goal is to "improve the state of the world." Based in Switzerland, the WEF was formed in the 1970s by Professor Klaus Schwab, who set out to bring together the CEOs of leading European companies in order to discuss strategies that would enable Europe to compete in the global marketplace. Since then, over 1,000 companies around the world have become members of the WEF and its interests have diversified to cover health, corporate citizenship, and peace-building activities. However, it has attracted criticism from some quarters, and antiglobalization protestors gather regularly at its meetings.

Definitions of ’WEF’ and meaning of ’WEF’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’WEF’ and other financial terms with our online QFINANCE Financial Dictionary.

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