Who are World Economic Forum?The World Economic Forum (WEF), based in Cologny-Geneva, Switzerland, is an NGO, founded in 1971. The WEF's mission is cited as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". It is a membership-based organization, and membership is made up of the world's largest corporations. The WEF hosts an annual meeting at the end of January in Davos, a mountain resort in Graubunden, in the eastern Alps region of Switzerland. The meeting brings together some 3,000 business leaders, international political leaders, economists, celebrities and journalists for up to five days to discuss global issues, across 500 public and private sessions.
What is the Great Reset?To improve the state of the world, the World Economic Forum is starting The Great Reset initiative. The Covid-19 crisis, and the political, economic and social disruptions it has caused, is fundamentally changing the traditional context for decision-making. The inconsistencies, inadequacies and contradictions of multiple systems from health and financial to energy and education are more exposed than ever amidst a global context of concern for lives, livelihoods and the planet. There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis.
What is COVID?Coronaviruses are a group of viruses that cause diseases in mammals and birds. In humans, coronaviruses cause respiratory tract infections that are typically mild, such as the common cold, though rarer forms such as SARS, MERS, and COVID-19 can be lethal. Symptoms vary in other species: in chickens, they cause an upper respiratory tract disease, while in cows and pigs they cause diarrhea. There are yet to be vaccines or antiviral drugs to prevent or treat human coronavirus infections.