Building an International Organization for Public-Private Cooperation

The New Drivers of Growth

In June, the Forum opened its China representative office in Beijing to serve as home for the Centre for Global Growth Companies and to spearhead the development of the GGC programme.


The World Economic Forum’s long-term policy of involving fast-growing and innovative companies in its activities led to the launch of a new strategic venture: the Community of Global Growth Companies (GGC), enterprises that have already made a mark in their national and regional markets, and are poised to become global industry leaders. This brought into the Forum the fresh thinking and dynamism of these “new champions”, which could benefit from the insights and mentoring of the Forum’s more established members.

Prior to the inauguration of the new facility, Chinese Premier Wen Jiabao received Klaus Schwab and members of the World Economic Forum’s International Business Council. The setting up of the Forum’s second overseas office and the launch of the GGC initiative were preludes to the holding in 2007 of the first Annual Meeting of the New Champions in Dalian, China. Participants quickly began referring to this event as the “Summer Davos”. While the Annual Meeting in Davos broadly covers the global agenda and the most pressing challenges ahead, the Summer Davos focuses on the development and engagement of the world’s foremost “future-oriented” communities and their concerns.

This was yet another busy year for the World Economic Forum and its constituents and collaborators. President Olusegun Obasanjo of Nigeria, United Kingdom Chancellor of the Exchequer Gordon Brown and Microsoft Chairman and Chief Software Architect Bill Gates launched the Global Plan to Stop Tuberculosis (2006-2015) at the Annual Meeting. The aim: to treat 50 million people and prevent 14 million tuberculosis deaths over the next 10 years.

Also at Davos, heads of multilateral development banks agreed to work with participants in the Forum’s Partnering Against Corruption Initiative (PACI) to include anti-bribery requirements as part of bidding processes.

PACI is an example of an initiative that is initiated and coordinated by the Forum but is driven by its partners, members and constituents. Such multistakeholder initiatives have become the core of the Forum’s activities. In 2014 the Forum, and its different communities, were engaged in more than 70 global, industry and regional initiatives. A majority of the Forum’s staff is attached to support these activities.