I. Introduction 1
1. World Economic Forum (WEF) 1
2. United Nations (UN) 2
3. World Trade Organization (WTO) 3
II. Sources 5
Within the course of International Economic Systems, taught by Prof. Herrmann-Pillath and Prof. Libman, the Master of International Business class was offered an excursion to Geneva, Switzerland. The purpose of this trip was to visit three major international organizations domiciled in Geneva, namely the World Economic Forum, the United Nations and the World Trade Organization.
The major aim of this Excursion was to learn more about the above mentioned in-stitutions and to find out how they encourage and support international trade.
In the following report I will give a short introduction to every organization fol-lowed by a description of their intents and purposes. Furthermore I will provide answers to the questions, posed by the professors of this course.
1. World Economic Forum (WEF)
The World Economic Forum is an independent non-profit foundation based in
Cologny, Geneva. According to their motto the major goal and purpose of this
organization is to “improve the State of the World” by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.
It was founded in 1971 by Klaus Martin Schwab, a business professor in Geneva and is most famous for its meeting in Davos which annually brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss the most urgent issues facing the world.
Apart from the headquarters in Geneva the WEF has regional offices in New York and Beijing.
The WEF encourages free trade and engages in the solution finding when it comes to conflicting issues in international trade. As the WEF is a non-political in-stitution it has no decision power but can act as a spotter and support trade facili-tation.
An example for that... [continues]
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