Q. With reference to the World Economic Forum (WEF), consider the following statements:
1.The primary mission of the World Economic Forum (WEF) is economic development and cooperation.
2.It is an advisory body for the United Nations.
3.Global Economic Outlook Report is published by the WEF.
How many of the statements given above are correct?
Explanation –
Statement 1 is correct. The WEF is primarily focused on promoting economic development and cooperation by providing a platform for public-private collaboration. Its mission 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. The WEF promotes economic development and cooperation as a means to achieve its mission.
Statements 2 and 3 are incorrect. The WEF is an independent international organization and is not an official advisory body for the United Nations. However, the WEF collaborates with the UN on various initiatives and projects aimed at achieving sustainable development goals. The Global Economic Outlook Report is not published by the WEF. The WEF is known for its “Global Competitiveness Report” and various other reports.
Source: Forum IAS
