HomeContact Site map   Google    www    iipm think tank
   
   
Home Scrutiny Publications Under Cover Mus'ings  
 

Home > Scrutiny > Poverty? Nah

  
   
     
   Case Studies  
       
  Marketing    
  Human Resource    
  Information Technology    
  Finance    
  Strategy    
       
 
     
   Industries  
       
  Steel    
  Glass    
  Banking    
  Prophylactic    
  Auto    
  Hospitality    
  Energy    
       
 
     
   Other links  
       
  IIPM    
  Planman Consulting    
  Planman Marcom    
  Planman Technologies    
  Daily Indian Media    
  Planman Financial    
  4P's Business and Marketing    
  Business and Economy    
  The Daily Indian    
  The Sunday Indian    
  Arindam Chaudhuri    
  GIDF    
       
 
  
         
Scrutiny
  
Poverty? Nah
Many say the WEF is farce...
22/02/2007

Consider this. An organisation which claims to be the right forum for discussing and deliberating on a whole lot of issues tormenting the globe, is essentially funded by global corporates – many of whom are directly or indirectly responsible for such a turmoil. The audited reports of the World Economic Forum (WEF) states that in 2005-06 it earned $84.12 million. Out of that, around $32.13 million was spent on personnel cost, $10.04 million on office cost & $34.3 million on so-called activity related costs! All this money gets spent on sitting and deliberating for practically nothing for the developing world. Add to this, the Strategic Partners of this mega-exercise include some of the biggest corporate names of the world, many of whose annual turnover is more than the GDP of many highly indebted sub-Saharan economies. Surprisingly, the list of Strategic Partners of WEF have the glitterati of American multinational companies (likes of Coca-Cola, which have been accused of fomenting water crisis and ground water pollution in the third world). At a time when an estimated billion plus populace of the world do not have access to safe drinking water, and millions of children are dying of water-borne diseases (according to WHO, 6 million died of water-borne diseases in 2003), WEF definitely needs a summit for its health.

By:- B&E
Back

  
 
 
       
Home | Scrutiny | Publications | About us | Contact us
Copyright @2010 iipm think tank. All rights reserved.