Some globally recognized business people and politicians, including celebrities, are meeting in Davos in Switzerland yearly for the World Economic Forum ( WEF).

Among the guests are US President Donald Trump, youth climate activist Greta Thunberg and Uber ‘s boss Dara Khosrowshahi.

The World Economic Forum started in 1971 and sought to “transform the state of the world into a more positive manner.”

Held every year in Davos’ Alpine Ski Resort, the conference puts business leaders in the same hall as crucial political, charitable, and intellectual participants.

Some use this opportunity to hold private meetings about investments and business opportunities in their countries.

This is often used by leading figures to shape the global agenda. Take Prince William ‘s speech on mental health last year or David Attenborough ‘s clear environmental warnings.

Attendees of the World Economic Forum

Usually, about 3,000 participants, about a third of them from industry, are drawn to the World Economic Forum. You must be invited to attend, in which case the function is free- or a WEF partner, which will pay £ 480,000.

World leaders, prominent UN and EU officials, and representatives of large companies such as Coca-Cola, Goldman Sachs, and IBM participate.

Daily visitors include the political billionaire George Soros, the former Prime Minister of the United Kingdom, Tony Blair, Facebook chief Mark Zuckerberg, and U2 lead singer Bono.

Nonetheless, recent research from the World Economic Forum shows that just 239 British citizens – the lowest British presence since 2010 – participated this year since Boris Johnson has excluded ministers.

Before the 2007-08 financial crisis, Davos was a must to participate in the good and the nice.

However, some have argued that it is a sign of the “financial bourgeoisie,” of which others are blamed for this crisis.

Earlier, Anand Giridharadas, a Time magazine editor-in-large, described Davos as “a family reunion of people who have left the western world.”

Not everybody has the same degree of access, even among participants. Coded badges decide who will interact with whom.

The top guests earn a white badge with a hologram, which allows them to priority anywhere. A hotel badge ensures you can not reach the convention center at the other end of the spectrum.

It is often masculine, and the word “Davos Man” is slang for the usually rich, elite man. 22% of all Davos attendees were women last year, up from 17% in 2015.

The swanky site of the meeting, private helicopters fly in and out, and several glamorous parties that contribute to the event’s claims.

Nevertheless, the World Economic Forum argues that leaders are primarily interested in bringing together for the better.

“The leaders are always a bit out of touch — it’s their nature — but it is difficult to have a society without them. It is also important that these people meet regularly to figure out what they think of each other,” said Martin Wolf, Chief Economics analyst at the Financial Times.

Some Achievements of the World Economic Forum

Most organizations make important promises on topics such as recycling or boost diversity in the event.

The conference even demonstrated several significant achievements.

Meeting of the Turkish and Greek Prime Ministers Turgut Özal and Andreas Papandreou took ties back from the verge of war in 1988.

And in 2000, the General Alliance for Vaccines and Immunization (GAVI) initiated initiatives for the immunization of millions of babies.