7.4

Question 1

What does the World Economic Forum do

Answer 1

Engages the foremost political, business and other leaders of society to shape global, regional and industry agendas

Question 2

World Economic Forum background

Answer 2

1971

Independent, impartial and not tied to any special interests

Question 3

What is World Economic Forum mission

Answer 3

Committed to improving state of world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas

Question 4

IGO

Answer 4

intergovernmental organisation

Entity created by treaty, involving two or more nations

Question 5

Neoliberalism

Answer 5

Political philosophy of free markets, free trade, privatisation and increasing role of business in society (while decreasing the influence of government). It is thought that by making trade easier, there will be more of it, meaning wealth and reduction of poverty.