The World Economic Forum was established______(1) as a not-for-profit foundation and is headquartered in Geneva， Switzerland. It is independent，______(2) and not tied to any special interests. The forum strives in all its efforts to demonstrate______(3) in the global public interest while upholding the highest standards of governance.______(4) and intellectual integrity is at the heart of everything it does.
The forum is best known for its annual meeting in Davos.______(5) the years，
numerous business， government and civil-society leaders have made their way to the high Alps to consider the major global issues of the day and to______(6) on solutions to address these challenges. The forum engages the most experienced and the most______(7)， all working together in the collaborative and collegial “______(8) of Davos”.
While many global institutions are notable for the______(9) of nations or the powerful political leaders attending their______(10)， the World Economic Forum Annual Meeting and indeed all the activities and initiatives of the forum around the world are______(11) by the active participation of government， business and civil-society______(12).
Professor Klaus Schwab______(13) what was originally called the European Management Forum， as a non-profit foundation based in Geneva， Switzerland. It______(14) business leaders from Europe， and______(15)， to Davos， for an annual meeting each January. Professor Schwab’s vision for what would become the World Economic Forum grew steadily as a result of achieving “______”(16).
Events in 1973， namely the collapse of the Bretton Woods fix______(17) mechanism and the Arab-Israeli War， saw the annual meeting______(18) its focus from management to economic and social issues. Political leaders were invited for the first time to Davos in January 1974. In 1987， the European Management Forum became the World Economic Forum and______(19) to broaden its vision to include providing a______(20) for dialogue.
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