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Klaus Martin Schwab born March 30, is a German engineer and economist, best known as the founder and executive chairman of the World Economic Forum. His wife and former secretary, Hilde, co-founded the Schwab Foundation for Social Entrepreneurship with him. He was born in , in Ravensburg, Germany. In , Schwab founded the European Management Forum, which in becomes the World Economic Forum, as a not-for-profit foundation committed to improving the state of the world, later building it into today's powerful economic platform event that distinctly influences globalization.

In , Schwab and his wife founded the Schwab Foundation for Social Entrepreneurship, a non-profit organization based in Geneva, Switzerland. The Forum of Young Global Leaders aims to bring together over people under 40 from all walks areas of life who have demonstrated their commitment to improving the state of the world, and encourage them to work together over the span of five years to identify and realize global pro-socialist and pro-capitalist change.

Kennedy School of Government at Harvard University. Additionally, he has been the recipient of over a dozen honorary doctorates and is an honorary professor of the Ben-Gurion University of Israel and the China Foreign Affairs University. He is the author of several books.

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Since , he has published the Global Competitiveness Report, an annual report assessing the potential for increasing productivity and economic growth of countries around the world, written by a team of economists. The report is based on a methodology developed by Schwab, measuring competitiveness not only in terms of productivity but also based on sustainability criteria.

Outside the field of engineering he has been a great and prolific innovator. He also exercised a number of functions in the global public interest, such as being a member of The Peres Centre for Peace and a member of the board of the Lucerne Festival. He is a former member of the Steering Committee of the Bilderberg Group.

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