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What is the World Economic Forum ( WEF )? The World Economic Forum is the International organisation established on a Public-Private Partnership. The forum includes society's foremost political, corporate, cultural, and other leaders in shaping global, national, and industrial agendas. Definition, Synonyms, Translations of w.e.f . by The Free Dictionary The World Economic Forum (WEF ) holds a yearly conference in Davos, Switzerland, for leaders in business and politics to discuss global issues. World Economic Forum ( WEF ), international organization that convenes an annual winter conference, traditionally in Davos, Switz., for the discussion of global commerce, economic development, political concerns, and important social issues.