Schwab who was a business professor at the University of Geneva at that time chose Davos for gathering of economists, politicians, capitalists, theoreticians, and artists. His major goal for launching the World Economic Forum was that these people could gather together in one place to exchange views on the major latest issues and defining economic strategy for the West.

Perhaps Davos can be considered as the second biggest masonry city in the world after Monaco. In this resort town, there are lawyers that each run thousands of paper international companies. Banks of this town enjoy the strong legal nature of Swiss banks and their money circulation comparing to other cities in the world is hundreds of thousands of times more.

The founder of WEF Mr. Schwab first launched the European Management Forum in Geneva, Switzerland, which was a nonprofit organization and through this platform he used to call on trade and industry leaders of Europe to gather together in Januarys in Davos. After the annual Davos meeting, holding regional meetings in different countries of the world was put on the agenda of the WEF. Events in 1973, including the collapse of the Bretton Woods fixed-exchange-rate mechanism and the Yom Kippur War, saw the annual meeting expand its focus from management to economic and social issues, and, for the first time, political leaders – either they were members of freemasonry or they and their countries were supported by freemasonry to progress – were invited to the annual meeting in January 1974. From 1978 on, the WEF took the initiative for publishing a report on world economic competition.

In 1987, European Management Forum changed its name to the World Economic Forum and sought to broaden its vision to include providing a platform for resolving international conflicts.

This year and on the eve of the forum and due to the concerns about the strategy of the forum about integrating economic axes in Europe and boosting the value of the euro and devaluation of the dollar, Americans with a smart initiative named the forum “the Great Reset” and have accused the forum of  planning “Conspiracy Theory.” So to clear the doubts, the Center for Research on Globalization in a report wrote, “The issue of the Great Reset which has gone viral in the cyber world and it has become a hot topic in the social networks and news websites, and even American newspaper “New York Times” by publishing an article calling it the conspiracy theory and rejected it, is a misunderstanding because this is definitely not a conspiracy theory.”

Dear readers should know that the raised contents and claims in this report have been merely published for analysis of approaches and views of the Western think tanks, and probable claims and inductions of these reports and articles are never confirmed by eastern or European economists. Therefore, the Great Reset is a unique window of opportunity for the world leaders so that they could shape the future state of global relations, the direction of national economies, priorities of the societies, nature of business models, and the management of a global commons. In a condition that it has provided a unique opportunity for shaping the trend of improvement, this initiative covers all views and points in line with helping all those who determine the future of global relations, the direction of national economies, priorities of the societies, nature of business nature and management of global commons.

The Great Reset initiative due to the vision and vast expertise of the leaders engaged across the Forum’s communities has a set of dimensions to build a new social contract that honors the dignity of every human being.

Schwab believes the Great Reset is comprised of three components: “The first component is reform of own economic systems in a way to steer the market towards fairer outcomes. To this end, governments should implement reforms on steering the market towards fairer outcomes which should have been implemented earlier. Depending on the country, these may include changes to wealth taxes, the withdrawal of fossil-fuel subsidies, and new rules governing intellectual property, trade, and competition.”

“The second factor is the task of the Great Reset which guarantees that investments cause advancement of the shared goals like equality and sustainability. In this case, it would ensure that investments advance shared goals, such as equality and sustainability. Here, the large-scale spending programs that many governments are implementing represent a major opportunity for progress. The European Commission, for one, has unveiled plans for a €750 billion ($826 billion) recovery fund. The US, China, and Japan also have ambitious economic-stimulus plans.”

“The third factor of the Great Reset is to harness the innovations of the Fourth Industrial Revolution to support the public good especially addressing the current health and social challenges. During the COVID-19 crisis, companies, universities, and others have joined forces to develop diagnostics, therapeutics, and possible vaccines; establish testing centers; create mechanisms for tracing infections, and deliver telemedicine.”

The new approach of the leadership of the world economy, with the collapse of this mentality “the U.S. cannot any longer”, has been shaped and this process will definitely lead to the division in the two Western blocs.

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In its report titled “Energy Transition Index (ETI) 2020: from crisis to rebound,” the forum said that the global energy transition from carbon fuels to climate-friendly energy sources has been moving at a slow but steady pace.

The ETI benchmarks 115 countries on the current performance of their energy system and their readiness for the energy transition. “Of the 115 countries … 94 corresponding to more than 70 percent of global carbon dioxide emissions have improved their scores since 2015,” the report said, according to Xinhua news agency.

However, the economic development and growth of energy transition are currently being challenged by COVID-19, the forum cautioned.

“Beyond the uncertainty over its long-term consequences, COVID-19 has unleashed cascading effects in real-time,” including the erosion of almost a third of global energy demand, oil price volatilities and geopolitical implications, delayed or stalled investments and projects, and uncertainties over the employment prospects in the sector, the report said.

Yesterday, WHO Director-General Tedros Adhanom Ghebreyesus told a UN Economic and Social Council video briefing the original thinking two months ago was that it may take 12 to 18 months for a vaccine

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Speaking to reporters at his weekly press conference in Tehran on Monday, Mousavi said Zarif was scheduled to attend the Davos meeting but they abruptly changed the schedule despite the primary planning and the official invitation.

Therefore, the top diplomat will not participate in the forum in Davos, the spokesman added.

Reuters last week reported that Zarif was no longer on the list of nearly 3,000 people due at the event, which is being held under the banner “Stakeholders for a Sustainable and Cohesive World”.

The cancellation of the visit came against the backdrop of increased tensions between Iran and the US with Washington imposing new sanctions against the Islamic Republic.

The US has ratcheted up pressure on Iran since last year after withdrawing from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).

Since then, the administration of US President Donald Trump has been trying to reduce Iran’s oil exports to “zero,” and sent an aircraft carrier strike group, a bomber squad, an amphibious assault ship, and a Patriot missile battery to the Middle East to try to stack up pressure on Tehran.

Iranian officials, however, have dismissed such moves as psychological warfare, saying the country has its own ways of circumventing the American bans.

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The report attributes Iran’s top ranking to low ticket taxes and airport charges (seventh), cheap fuel (fifth) and high purchasing power (fifth).

“Price competitiveness” is one of the four pillars of the “T&T Policy and Enabling Conditions” sub-index, which captures specific policies or strategic aspects that impact the T&T industry more directly.

“Lower costs related to travel in a country increase its attractiveness for many travelers as well as for investing in the T&T sector. Among the aspects of price competitiveness taken into account in this pillar are airfare ticket taxes and airport charges, which can make flight tickets much more expensive; the relative cost of hotel accommodation; the cost of living, proxied by purchasing power parity; and fuel price costs, which directly influence the cost of travel,” the report reads.

The 2019 report features the latest iteration of the Travel & Tourism Competitiveness Index. Published biennially, TTCI benchmarks the T&T competitiveness of 140 economies and measures “the set of factors and policies that enable the sustainable development of the Travel & Tourism (T&T) sector, which contributes to the development and competitiveness of a country.

The Travel & Tourism Competitiveness Report is a flagship product of the World Economic Forum’s Platform for Shaping the Future of Mobility, which brings together world leaders to ensure travel and transportation systems meet 21st-century demands.

This report serves as a strategic benchmarking tool for policymakers, companies and complementary sectors to advance the future development of the T&T sector by providing a unique insight into the strengths and development areas of each country/economy to enhance industry competitiveness.

It also serves as a platform for multi-stakeholder dialogue to understand and anticipate emerging trends and risks in global travel and tourism, adapt their policies, practices and investment decisions, and accelerate new models that ensure the longevity of this important sector.

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