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The World Economic Forum Davos, Switzerland, 30 January 2000 -February 2
The World Economic Forum (or the Davos meeting) that began in 1970 has become a major international conference. The most recent conference attracted more than 1,200 leading political, economic, scientific and media figures. The forum's activities last for four days, during which extensive debates are held on political, cultural, scientific and economic issues. So what is this Davos Forum and what prompts such distinguished world figures in all fields to attend despite the fact that the forum has no binding decisions over world affairs?
The Davos Forum has given special attention to globalization since early 1997. It has portrayed itself as the defender of socio-cultural idiosyncrasies of groups and their interests with regard to globalization. It has also portrayed itself as a defender of the rights of the Third World countries and has given substantial attention to development in Africa and elsewhere. Is all that true?
In a recent conference held in the United Nations compound by the Gaza beach, donor countries representatives, World Bank and IMF envoys and Palestinian ministers met to discuss matters of great importance regarding the future of the Palestinian economy. It was evident that a growing sense of dissatisfaction was present, resulting from the financial management of the Palestinian Authority (PA). Donor countries demanded a mechanism to be adopted by the PA in order to monitor the flow of funds and the projects that they finance.
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