108-409: The Copa Rommel Fernández is the third level of Panama 's national club championship. It was founded in 1996 and it is a seasonal tournament that lasts 2 months in which the champion is promoted to Liga Nacional de Ascenso . The tournament is named after Panamanian football legend Rommel Fernández . The tournament is presided by Lucas Fernández and managed by Panamanian Football Federation . Since
216-528: A Scottish colony in the region in 1698. This failed for a number of reasons, and the ensuing debt contributed to the union of England and Scotland in 1707 . In 1671, the privateer Henry Morgan , licensed by the English government, sacked and burned the city of Panama – the second most important city in the Spanish New World at the time. In 1717 the viceroyalty of New Granada (northern South America)
324-588: A think tank , publishing a wide range of reports. In particular, "Strategic Insight Teams" focus on producing reports of relevance in the fields of competitiveness, global risks, and scenario thinking . The "Competitiveness Team" produces a range of annual economic reports (first published in brackets): the Global Competitiveness Report (1979) measured competitiveness of countries and economies; The Global Information Technology Report (2001) assessed their competitiveness based on their IT readiness;
432-512: A zone roughly 16 km (10 mi) wide and 80 km (50 mi) long. In that zone, the US would build a canal, then administer, fortify, and defend it "in perpetuity". In 1914 the United States completed the existing 83-kilometer-long (52-mile) canal. Because of the strategic importance of the canal during World War II , the US extensively fortified access to it . From 1903 to 1968, Panama
540-644: A French engineer and lobbyist represented Panama even though Panama's president and a delegation had arrived in New York to negotiate the treaty. The treaty was quickly drafted and signed the night before the Panamanian delegation arrived in Washington. Mr. Bunau-Varilla was in the employ of the French Canal company that had failed and was now bankrupt. The treaty granted rights to the United States "as if it were sovereign" in
648-562: A Russian delegation for the first time since 1991, which The Wall Street Journal described as signalling the "unraveling of globalization." The former Russia House was used to present Russia's war crimes. The 2023 annual meeting of the World Economic Forum took place in Davos, Switzerland from 16–20 January under the theme "Cooperation in a fragmented world". Headquartered in Cologny,
756-695: A blind eye to abuses in Panama for many years until concern over drug trafficking prompted indictments of the general [Noriega] by two grand juries in Florida in February 1988". In April 1988, US President Ronald Reagan invoked the International Emergency Economic Powers Act , freezing Panamanian government assets in all US organizations. In May 1989 Panamanians voted overwhelmingly for the anti-Noriega candidates. The Noriega regime promptly annulled
864-495: A distinctive sense of autonomy and of regional or national identity within Panama well before the rest of the colonies: the prosperity enjoyed during the first two centuries (1540–1740) while contributing to colonial growth; the placing of extensive regional judicial authority (Real Audiencia) as part of its jurisdiction; and the pivotal role it played at the height of the Spanish Empire – the first modern global empire. The end of
972-576: A hundred more dissidents into exile. (see Zárate 15). Noriega's regime was supported by the United States and it began playing a double role in Central America. While the Contadora group , an initiative launched by the foreign ministers of various Latin American nations including Panama's, conducted diplomatic efforts to achieve peace in the region, Noriega supplied Nicaraguan Contras and other guerrillas in
1080-423: A judge). Spanish authorities had little control over much of the territory of Panama. Large sections managed to resist conquest and missionization until very late in the colonial era. Because of this, indigenous people of the area were often referred to as "indios de guerra" (war Indians) who resisted Spanish attempts to conquer them or missionize them. However, Panama was important to Spain strategically because it
1188-536: A little holographic sticker to add to your badge), or a senior journalist. An orange badge means you're just a run-of-the-mill working journalist." All plenary debates from the annual meeting also are available on YouTube while photographs are available on Flickr . Some 3,000 individual participants joined the 2020 annual meeting in Davos. Countries with the most attendees include the United States (674 participants),
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#17330938801161296-402: A mountain resort in the eastern Alps region of Switzerland . The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists , celebrities and journalists – for up to five days to discuss global issues across 500 sessions. Aside from Davos, the organization convenes regional conferences. It produces
1404-588: A nation. When the Senate of Colombia rejected the Hay–Herrán Treaty on January 22, 1903, the United States decided to support and encourage the Panamanian separatist movement. In November 1903 Panama, tacitly supported by the United States, proclaimed its independence and concluded the Hay–Bunau-Varilla Treaty with the United States without the presence of a single Panamanian. Philippe Bunau-Varilla,
1512-580: A nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January. The second European Management Forum in 1972 was the first meeting where a head of government featured as a speaker, Prime Minister Pierre Werner of Luxembourg . Events in 1973, including the collapse of the Bretton Woods fixed-exchange rate mechanism and the Yom Kippur War , saw
1620-514: A plane crash. Torrijos' death altered the tone of Panama's political evolution. Despite the 1983 constitutional amendments which proscribed a political role for the military, the Panama Defense Force (PDF), as they were then known, continued to dominate Panamanian political life. By this time, General Manuel Antonio Noriega was firmly in control of both the PDF and the civilian government. In
1728-576: A platform for resolving international conflicts. In February 1971, Schwab invited 450 executives from Western European firms to the first European Management Symposium held in the Davos Congress Centre under the patronage of the European Commission and European industrial associations, where Schwab sought to introduce European firms to American management practices. He then founded the WEF as
1836-583: A provincial tournament. The champion and the runner-up of the provincial tournaments obtain the right to represent their province in the Copa Rommel Fernández held the following year. Panama Panama , officially the Republic of Panama , is a country in Latin America at the southern end of Central America , bordering South America . It is bordered by Costa Rica to the west, Colombia to
1944-471: A racially complex and highly stratified society, the source of internal conflicts that ran counter to the unifying force of nationalism. In 1538, the Real Audiencia of Panama was established, initially with jurisdiction from Nicaragua to Cape Horn , until the conquest of Peru. A Real Audiencia was a judicial district that functioned as an appeals court. Each audiencia had an oidor (Spanish: hearer,
2052-426: A series of reports, engages its members in sector-specific initiatives and provides a platform for leaders from selected stakeholder groups to collaborate on projects and initiatives. The World Economic Forum and its annual meeting in Davos have received criticism over the years, including allegations of the organization's corporate capture of global and democratic institutions, institutional whitewashing initiatives,
2160-516: A state of emergency in the country. On July 10, the Civic Crusade called for a massive demonstration that was violently repressed by the "Dobermans", the military's special riot control unit. That day, later known as El Viernes Negro ("Black Friday"), left many people injured and killed. United States President Ronald Reagan began a series of sanctions against the military regime. The United States froze economic and military assistance to Panama in
2268-467: A stock underperformance by the Davos participants of around −10% versus the S&;P 500 during the same year. Drivers are among others an overrepresentation of financial companies and an underrepresentation of fast-growing health care and information technology businesses at the conference. The Economist had found similar results in an earlier study, showing an underperformance of Davos participants against both
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#17330938801162376-800: A trade network to Panama as there is evidence of coconuts reaching the Pacific coast of Panama from the Philippines in Precolumbian times. When Panama was colonized, the indigenous peoples fled into the forest and nearby islands. Scholars believe that infectious disease was the primary cause of the population decline of American natives. The indigenous peoples had no acquired immunity to diseases such as smallpox which had been chronic in Eurasian populations for centuries. Rodrigo de Bastidas sailed westward from Venezuela in 1501 in search of gold, and became
2484-551: A well-hidden criminal economy that operated as a parallel source of income for the military and their allies, providing revenues from drugs and money laundering . Toward the end of the military dictatorship, a new wave of Chinese migrants arrived on the isthmus in the hope of migrating to the United States. The smuggling of Chinese became an enormous business, with revenues of up to 200 million dollars for Noriega's regime (see Mon 167). The military dictatorship assassinated or tortured more than one hundred Panamanians and forced at least
2592-610: Is a founding member of the United Nations and other international organizations such as the Organization of American States , Latin America Integration Association , Group of 77 , World Health Organization , and Non-Aligned Movement . The definite origin of the name Panama is unknown. There are several theories. One states that the country was named after a commonly found species of tree ( Sterculia apetala ,
2700-460: Is divided into three zones which include the qualified teams from each respective provincial tournaments (see below) plus previous season Liga Nacional de Ascenso relegated team. Each province is represented by two teams except Chiriquí which is represented by four teams and Panamá with ten teams. Each team plays a single game against the other teams from their same zone, the two teams with most points in their respective zones will qualify to
2808-737: Is funded by its 1,000 member companies, typically global enterprises with more than five billion dollars in turnover (varying by industry and region). These enterprises rank among the top companies within their industry and/or country and play a leading role in shaping the future of their industry and/or region. Membership is stratified by the level of engagement with forum activities, with the level of membership fees increasing as participation in meetings, projects, and initiatives rises. In 2011, an annual membership cost $ 52,000 for an individual member, $ 263,000 for "Industry Partner" and $ 527,000 for "Strategic Partner". An admission fee costs $ 19,000 per person. In 2014, WEF raised annual fees by 20 percent, bringing
2916-730: Is guided by a board of trustees that is made up of leaders from business, politics, academia and civil society. As of 2024, the board of trustees is composed of: Queen Rania of Jordan , Mukesh D. Ambani , Ajay S. Banga , Marc Benioff , Peter Brabeck-Letmathe , Thomas Buberl , Laurence D. Fink , Chrystia Freeland , Orit Gadiesh , Kristalina Georgieva , Fabiola Gianotti , Al Gore , Andre Hoffmann , Paula Ingabire , Joe Kaeser , Christine Lagarde , Yo-Yo Ma , Patrice Motsepe , Ngozi Okonjo-Iweala , Lubna S. Olayan , David M. Rubenstein , Ulf Mark Schneider , Klaus Schwab , Tharman Shanmugaratnam , Jim Hagemann Snabe , Julie Sweet , Feike Sijbesma , Heizō Takenaka and Zhu Min . Members of
3024-517: Is that there was a fishing village that bore the name "Panamá", which purportedly meant "an abundance of fish", when the Spanish colonists first landed in the area. The exact location of the village is unknown. The legend is usually corroborated by Captain Antonio Tello de Guzmán's diary entries, who reports landing at an unnamed village while exploring the Pacific coast of Panama in 1515; he only describes
3132-401: Is the foundation board. The managing board is chaired by the WEF's president, Børge Brende , and acts as the executive body of the World Economic Forum. Managing board members are Børge Brende, Julien Gattoni, Jeremy Jurgens, Adrian Monck , Sarita Nayyar, Olivier M. Schwab, Saadia Zahidi , and Alois Zwinggi. The WEF is chaired by founder and executive chairman Professor Klaus Schwab and
3240-558: The 1984 elections , the candidates were: Barletta was declared the winner of elections that had been considered to be fraudulent. Barletta inherited a country in economic ruin and hugely indebted to the International Monetary Fund and the World Bank . Amid the economic crisis and Barletta's efforts to calm the country's creditors, street protests arose, and so did military repression. Meanwhile, Noriega's regime had fostered
3348-526: The Azuero Peninsula , set forth by the Spanish Crown, in 1558 because of repeated protests by locals against the mistreatment of the native population. In its stead, a system of medium and smaller-sized landownership was promoted, thus taking away the power from the large landowners and into the hands of medium and small-sized proprietors. Panama was the site of the ill-fated Darien scheme , which set up
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3456-473: The Coalition for Epidemic Preparedness Innovations (CEPI), a global initiative to fight epidemics, was launched at WEF in Davos. The internationally funded initiative aims at securing vaccine supplies for global emergencies and pandemics, and to research new vaccines for tropical diseases, that are now more menacing. The project is funded by private and governmental donors, with an initial investment of US$ 460m from
3564-470: The Global Enabling Trade Report (2008) presented a cross-country analysis of the large number of measures facilitating trade among nations. The "Risk Response Network" produces a yearly report assessing risks which are deemed to be within the scope of these teams, have cross-industry relevance, are uncertain, have the potential to cause upwards of US$ 10 billion in economic damage, have
3672-706: The Global Gender Gap Report examined critical areas of inequality between men and women; the Global Risks Report (2006) assessed key global risks; the Global Travel and Tourism Report (2007) measured travel and tourism competitiveness; the Financial Development Report (2008) aimed to provide a comprehensive means for countries to establish benchmarks for various aspects of their financial systems and establish priorities for improvement; and
3780-596: The New World . King Ferdinand II assigned Pedro Arias Dávila as Royal Governor. He arrived in June 1514 with a 19 vessels and 1,500 men. In 1519, Dávila founded Panama City . Gold and silver were brought by ship from South America, hauled across the isthmus, and loaded aboard ships for Spain. The route became known as the Camino Real, or Royal Road, although it was more commonly known as Camino de Cruces (Road of Crosses) because of
3888-644: The United Kingdom (270), Switzerland (159), Germany (137) and India (133). Among the attendees were heads of state or government, cabinet ministers, ambassadors, and heads or senior officials of international organizations, including: Sanna Marin ( prime minister of Finland ), Ursula von der Leyen ( president of the European Commission ), Christine Lagarde ( ECB president ), Greta Thunberg ( climate activist ), Ren Zhengfei ( Huawei Technologies founder ), Kristalina Georgieva ( managing director of
3996-458: The encomienda system in Azuero , however, sparked the conquest of Veraguas in that same year. Under the leadership of Francisco Vázquez, the region of Veraguas passed into Castilian rule in 1558. In the newly conquered region, the old system of encomienda was imposed. On the other hand, the Panamanian movement for independence can be indirectly attributed to the abolition of the encomienda system in
4104-845: The globalization , capital markets, wealth management, international conflicts, environmental problems and their possible solutions). The participants also take part in role playing events, such as the Investment Heat Map. Informal winter meetings may have led to as many ideas and solutions as the official sessions. At the 2018 annual meeting, more than 3,000 participants from nearly 110 countries participated in over 400 sessions. Participation included more than 340 public figures, including more than 70 heads of state and government and 45 heads of international organizations; 230 media representatives and almost 40 cultural leaders were represented. As many as 500 journalists from online, print, radio, and television take part, with access to all sessions in
4212-463: The isthmus affected the dispersal of people, agriculture and technology throughout the American continent from the appearance of the first hunters and collectors to the era of villages and cities. The earliest discovered artifacts of indigenous peoples in Panama include Paleo-Indian projectile points . Later central Panama was home to some of the first pottery -making in the Americas, for example
4320-652: The viceroyalty of Peru and even by Panama's own initiative. This uneasy relationship between Panama and Bogotá would persist for centuries. In 1744, Bishop Francisco Javier de Luna Victoria DeCastro established the College of San Ignacio de Loyola and on June 3, 1749, founded La Real y Pontificia Universidad de San Javier. By this time, however, Panama's importance and influence had become insignificant as Spain's power dwindled in Europe and advances in navigation technique increasingly permitted ships to round Cape Horn in order to reach
4428-529: The 1994 annual meeting, Israeli Foreign Minister Shimon Peres and PLO chairman Yasser Arafat reached a draft agreement on Gaza and Jericho . After 9/11, the WEF was held in the U.S., in New York City, for the first time. And in January 2003, U.S. Secretary of State Powell went to the forum to drum up sympathy for the global war on terrorism and the U.S.'s impending invasion of Iraq. In October 2004,
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4536-611: The Camino Real in Panama's Interior, and on some of the islands off Panama's Pacific coast. One such famous community amounted to a small kingdom under Bayano , which emerged in the 1552 to 1558 period. Sir Francis Drake 's famous raids on Panama in 1572–73 and John Oxenham 's crossing to the Pacific Ocean were aided by Panama cimarrons, and Spanish authorities were only able to bring them under control by making an alliance with them that guaranteed their freedom in exchange for military support in 1582. The following elements helped define
4644-610: The Grito was a sign, on the part of the residents of Azuero, of their antagonism toward the independence movement in the capital. Those in the capital region in turn regarded the Azueran movement with contempt, since the separatists in Panama City believed that their counterparts in Azuero were fighting not only for independence from Spain, but also for their right to self-rule apart from Panama City once
4752-448: The Guard's and his vested interests, Lieutenant Colonel Omar Torrijos Herrera and Major Boris Martínez commanded another military coup against the government. The military justified itself by declaring that Arias Madrid was trying to install a dictatorship, and promised a return to constitutional rule. In the meantime, the Guard began a series of populist measures that would gain support for
4860-519: The IMF ), Deepika Padukone ( Bollywood actress ), George Soros ( investor ), and Donald Trump ( president of the United States ). An analysis by The Economist from 2014 found that the vast majority of participants are male and more than 50 years old. Careers in business account for most of the participants' backgrounds (1,595 conference attendees), with the remaining seats shared between government (364), NGOs (246) and press (234). Academia, which had been
4968-751: The MSCI World Index and the S&P 500 between 2009 and 2014. In 2007, the foundation established the Annual Meeting of the New Champions (also called Summer Davos), held annually in China, alternating between Dalian and Tianjin , bringing together 1,500 participants from what the foundation calls Global Growth Companies, primarily from rapidly growing emerging countries such as China, Russia, Mexico , and Brazil , but also including quickly growing companies from developed countries . The meeting also engages with
5076-458: The Middle East. The mix of hosting countries varies from year to year, but consistently China and India have hosted throughout the decade since 2000. The group of Young Global Leaders consists of 800 people chosen by the WEF organizers as being representative of contemporary leadership. After five years of participation they are considered alumni. The program has received controversy when Schwab,
5184-534: The Pacific. While the Panama route was short it was also labor-intensive and expensive because of the loading and unloading and laden-down trek required to get from the one coast to the other. As the Spanish American wars of independence were heating up all across Latin America, Panama City was preparing for independence; however, their plans were accelerated by the unilateral Grito de La Villa de Los Santos (Cry From
5292-614: The Panama tree). Another states that the first settlers arrived in Panama in August, when butterflies are abundant, and that the name means "many butterflies" in one or several of the indigenous American Indian languages that were spoken in the territory prior to the Spanish colonization . Another theory states that the word is a Castilianization of the Kuna language word " bannaba " which means "distant" or "far away". A commonly relayed legend in Panama
5400-607: The People), was composed of 505 members selected by the military with no participation from political parties, which the military had eliminated. The new constitution proclaimed Omar Torrijos as the Maximum Leader of the Panamanian Revolution, and conceded him unlimited power for six years, although, to keep a façade of constitutionality, Demetrio B. Lakas was appointed president for the same period. In 1981, Torrijos died in
5508-616: The Philippines and to found the city of Zamboanga . Panama was under Spanish rule for almost 300 years (1538–1821), and became part of the Viceroyalty of Peru , along with all other Spanish possessions in South America. From the outset, Panamanian identity was based on a sense of "geographic destiny", and Panamanian fortunes fluctuated with the geopolitical importance of the isthmus. The colonial experience spawned Panamanian nationalism and
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#17330938801165616-633: The Republic of Gran Colombia , a union of Nueva Granada , Ecuador , and Venezuela . After Gran Colombia dissolved in 1831, Panama and Nueva Granada eventually became the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the United States Army Corps of Engineers between 1904 and 1914. The 1977 Torrijos–Carter Treaties agreed to transfer
5724-529: The Shah of Iran for giving the exiled Iranian leader asylum. He also accused Noriega of the assassination by decapitation of then-opposition leader, Dr. Hugo Spadafora . On the night of June 9, 1987, the Cruzada Civilista ("Civic Crusade") was created and began organizing actions of civil disobedience. The Crusade called for a general strike. In response, the military suspended constitutional rights and declared
5832-451: The Spaniards were gone. It was seen as a risky move on the part of Azuero, which lived in fear of Colonel José Pedro Antonio de Fábrega y de las Cuevas (1774–1841). The colonel was a staunch loyalist and had all of the isthmus' military supplies in his hands. They feared quick retaliation and swift retribution against the separatists. What they had counted on, however, was the influence of
5940-504: The Spanish exploitation of the riches in the Pacific began. The official definition and origin of the name as promoted by Panama's Ministry of Education is the "abundance of fish, trees and butterflies". This is the usual description given in social studies textbooks. The Isthmus of Panama was formed about three million years ago when the land bridge between North and South America finally became complete, and plants and animals gradually crossed it in both directions. The existence of
6048-491: The Town of Saints), issued on November 10, 1821, by the residents of Azuero without backing from Panama City to declare their separation from the Spanish Empire. In both Veraguas and the capital this act was met with disdain, although on differing levels. To Veraguas, it was the ultimate act of treason, while to the capital, it was seen as inefficient and irregular, and furthermore forced them to accelerate their plans. Nevertheless,
6156-425: The Vietnam War. The number of US civilians (and their dependents), who had worked for the Panama Canal Commission and the US military, and were killed by the Panamanian Defense Forces, has never been fully disclosed. World Economic Forum The World Economic Forum ( WEF ) is an international advocacy non-governmental organization and think tank , based in Cologny , Canton of Geneva , Switzerland. It
6264-427: The WEF also has offices in New York, Beijing and Tokyo. In January 2015, it was designated an NGO with "other international body" status by the Swiss Federal Government under the Swiss Host-State Act. On 10 October 2016, the WEF announced the opening of its new Center for the Fourth Industrial Revolution in San Francisco. According to the WEF, the center will "serve as a platform for interaction, insight and impact on
6372-402: The WEF since 1998. The invitation was accepted. However, WEF revoked the invitation on 13 January 2016, after the 6 January 2016 North Korean nuclear test , and the country's attendance was made subject to "existing and possible forthcoming sanctions". Despite protests by North Korea calling the decision by the WEF managing board a "sudden and irresponsible" move, the WEF committee maintained
6480-474: The World Economic Forum gained attention through the resignation of its CEO and executive director José María Figueres over the undeclared receipt of more than US$ 900,000 in consultancy fees from the French telecommunications firm Alcatel . Transparency International highlighted this incident in their Global Corruption Report two years later in 2006. In January 2006, the WEF published an article in its Global Agenda magazine titled "Boycott Israel", which
6588-406: The annual meeting expand its focus from management to economic and social issues, and, for the first time, political leaders were invited to the annual meeting in January 1974. Through the forum's first decade, it maintained a playful atmosphere, with many members skiing and participating in evening events. Appraising the 1981 event, one attendee noted that "the forum offers a delightful vacation on
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#17330938801166696-423: The basis of the first annual conference in 1971, had been marginalised to the smallest participant group (183 attendees). Next to individual participants, the World Economic Forum maintains a dense network of corporate partners that can apply for different partnership ranks within the forum. For 2019, Bloomberg has identified a total of 436 listed corporates that participated in the annual meeting while measuring
6804-860: The board of trustees (past or present) include: Al Gore , Herman Gref , André Hoffmann , Carlos Ghosn , Christine Lagarde , Chrystia Freeland , David Rubenstein , Ernesto Zedillo , Fabiola Gianotti , Feike Sijbesma , Heizō Takenaka , Indra Nooyi , Jack Ma , Jim Hagemann Snabe , José Ángel Gurría , Josef Ackermann , Klaus Schwab , Kofi Annan , Laurence Fink , Leo Rafael Reif , Luis Alberto Moreno , Marc Benioff , Mark Carney , Maurice Lévy , Michael Dell , Mukesh Ambani , Muriel Pénicaud , Niall FitzGerald , Orit Gadiesh , Peter Brabeck-Letmathe , Peter Maurer , Queen Rania of Jordan , Rajat Gupta , Susan Hockfield , Tharman Shanmugaratnam , Tony Blair , Mark Schneider , Ursula von der Leyen , Yo-Yo Ma , Zhu Min , Ivan Pictet, Joseph P. Schoendorf Peter D. Sutherland and Victor L. L. Chu.. The foundation
6912-450: The canal from the United States to Panama on December 31, 1999. The surrounding territory was returned first, in 1979. Revenue from canal tolls has continued to represent a significant portion of Panama's GDP , especially after the Panama Canal expansion project (finished in 2016) doubled its capacity. Commerce, banking, and tourism are major sectors. Panama is regarded as having a high-income economy . In 2019, Panama ranked 57th in
7020-400: The capital with separatist interests and formally declared the city's support for independence. No military repercussions occurred because of skillful bribing of royalist troops. In the 80 years following independence from Spain, Panama was a subdivision of Gran Colombia , after voluntarily joining the country at the end of 1821. It then became part of the Republic of New Granada in 1831 and
7128-421: The championship is seasonal only, at the end of each competition each of the teams (except the champions) are relegated to their respective district leagues where they compete to earn a spot for the following season. Additionally, the team relegated from the Liga Nacional de Ascenso automatically holds a spot to compete in the Copa Rommel Fernández after the end of the second division championship. The tournament
7236-521: The cost for "Strategic Partner" from CHF 500,000 ($ 523,000) to CHF 600,000 ($ 628,000). The flagship event of the World Economic Forum is the invitation-only annual meeting held at the end of January in Davos, Switzerland, bringing together chief executive officers from its 1,000 member companies, as well as selected politicians, representatives from academia , NGOs , religious leaders, and the media in an alpine environment. The winter discussions ostensibly focus around key issues of global concern (such as
7344-436: The coup. Among them were: Parallel to this, the military began a policy of repression against the opposition, who were labeled communists. The military appointed a Provisional Government Junta that was to arrange new elections. However, the National Guard would prove to be very reluctant to abandon power and soon began calling itself El Gobierno Revolucionario ( The Revolutionary Government ). Under Omar Torrijos 's control,
7452-439: The cultures at Monagrillo , which date back to 2500–1700 BC. These evolved into significant populations best known through their spectacular burials (dating to c. 500–900 AD) at the Monagrillo archaeological site , and their Gran Coclé style polychrome pottery . The monumental monolithic sculptures at the Barriles (Chiriqui) site are also important traces of these ancient isthmian cultures. Before Europeans arrived Panama
7560-456: The election and embarked on a new round of repression. The United States invaded Panama on December 20, 1989, codenamed Operation Just Cause . The U.S. stated the operation was "necessary to safeguard the lives of U.S. citizens in Panama, defend democracy and human rights, combat drug trafficking, and secure the neutrality of the Panama Canal as required by the Torrijos–Carter Treaties ". The US reported 23 servicemen killed and 324 wounded, with
7668-415: The evacuation of the American embassy. Amid negotiations for the Robles–Johnson treaty, Panama held elections in 1968 . The candidates were: Arias Madrid was declared the winner of elections that were marked by violence and accusations of fraud against Alianza del Pueblo. On October 1, 1968, Arias Madrid took office as president of Panama, promising to lead a government of "national union" that would end
7776-521: The exclusion because "under these circumstances there would be no opportunity for international dialogue". In 2017, the WEF in Davos attracted considerable attention when, for the first time, a head of state from the People's Republic of China was present at the alpine resort. With the backdrop of Brexit , an incoming protectionist US administration and significant pressures on free trade zones and trade agreements , Paramount leader Xi Jinping defended
7884-420: The expense account." Political leaders soon began to use the annual meeting as venue for promoting their interests. The Davos Declaration was signed in 1988 by Greece and Turkey , helping them turn back from the brink of war. In 1992, South African President F. W. de Klerk met with Nelson Mandela and Chief Mangosuthu Buthelezi at the annual meeting, their first joint appearance outside South Africa. At
7992-474: The famed Manila galleons . In 1579, the royal monopoly that Acapulco, Mexico had on trading with Manila, Philippines was relaxed and Panama was assigned as another port that was able to trade directly with Asia. Because of incomplete Spanish control, the Panama route was vulnerable to attack from pirates (mostly Dutch and English), and from "new world" Africans called cimarrons who had freed themselves from enslavement and lived in communes or palenques around
8100-456: The final round. The eight qualified teams play a knock out stage which starts with rounds of 16 and finishes with a two team final. The champion gains promotion to the Liga Nacional de Ascenso held that same year. In order to gain the right to play in this tournament each team has to first participate in their respective district leagues. The winners of each district league will later move on
8208-458: The first European to explore the isthmus of Panama. A year later, Christopher Columbus visited the isthmus, and established a short-lived settlement in the province of Darien . Vasco Núñez de Balboa 's tortuous trek from the Atlantic to the Pacific in 1513 demonstrated that the isthmus was indeed the path between the seas, and Panama quickly became the crossroads and marketplace of Spain's empire in
8316-461: The first half of 2022 instead with a final location and date to be determined later in 2021. In late December 2021, the World Economic Forum said in a release that pandemic conditions had made it extremely difficult to stage a global in-person meeting the following month; transmissibility of the SARS-CoV-2 Omicron variant and its impact on travel and mobility had made deferral necessary, with
8424-493: The foundation's regional meetings and the annual meetings where they may meet chief executives and senior government officials. At the annual meeting 2003, for example, Jeroo Billimoria met with Roberto Blois, deputy secretary-general of the International Telecommunication Union , an encounter that produced a key partnership for her organization Child helpline international . The foundation also acts as
8532-613: The founder, admitted to "penetrat[ing]" governments with Young Global Leaders. He added that as of 2017 "more than half" of Justin Trudeau's Cabinet had been members of the program. Since 2000, the WEF has been promoting models developed by those in close collaboration with the Schwab Foundation for Social Entrepreneurship , highlighting social entrepreneurship as a key element to advance societies and address social problems. Selected social entrepreneurs are invited to participate in
8640-441: The global economic scheme, and portrayed China as a responsible nation and a leader for environmental causes. He sharply rebuked the current populist movements that would introduce tariffs and hinder global commerce, warning that such protectionism could foster isolation and reduced economic opportunity. In 2018, Indian Prime Minister Narendra Modi gave the keynote speech, becoming the first head of government from India to deliver
8748-560: The governments of Germany, Japan and Norway, plus the Bill & Melinda Gates Foundation and the Wellcome Trust. Between 21 and 24 January 2020, at the early stages of the COVID-19 outbreak , CEPI met with leaders from Moderna to establish plans for a COVID-19 vaccine at the Davos gathering, with a total global case number of 274 and total loss of life the virus at 16. The WHO declared
8856-499: The inaugural keynote for the annual plenary at Davos. Modi highlighted global warming (climate change), terrorism and protectionism as the three major global challenges, and expressed confidence that they can be tackled with collective effort. In 2019, Brazilian President Jair Bolsonaro gave the keynote address at the plenary session of the conference. On his first international trip to Davos, he emphasized liberal economic policies despite his populist agenda, and attempted to reassure
8964-552: The isthmus made over 80 attempts to secede from Colombia. They came close to success in 1831, then again during the Thousand Days' War of 1899–1902, understood among indigenous Panamanians as a struggle for land rights under the leadership of Victoriano Lorenzo. The US intent to influence the area, especially the Panama Canal's construction and control, led to the separation of Panama from Colombia in 1903 and its establishment as
9072-456: The meeting in Davos eventually rescheduled for 22 to 26 May 2022. Topics in the 2022 annual meeting included the Russian invasion of Ukraine , climate change, energy insecurity and inflation . Ukraine's president Volodymyr Zelenskyy gave a special address at the meeting, thanking the global community for its efforts but also calling for more support. The 2022 Forum was marked by the absence of
9180-507: The middle of 1987 in response to the domestic political crisis in Panama and an attack on the US embassy. The sanctions failed to oust Noriega, but severely hurt Panama's economy. Panama's gross domestic product (GDP) declined almost 25 percent between 1987 and 1989. On February 5, 1988, General Manuel Antonio Noriega was accused of drug trafficking by federal juries in Tampa and Miami. Human Rights Watch wrote in its 1989 report: "Washington turned
9288-586: The military transformed the political and economic structure of the country, initiating massive coverage of social security services and expanding public education. The constitution was changed in 1972. To reform the constitution, the military created a new organization, the Assembly of Corregimiento Representatives, which replaced the National Assembly. The new assembly, also known as the Poder Popular (Power of
9396-466: The next generation of global leaders from fast-growing regions and competitive cities, as well as technology pioneers from around the globe. The Premier of China has delivered a plenary address at each annual meeting. Every year regional meetings take place, enabling close contact among corporate business leaders, local government leaders, and NGOs. Meetings are held in Africa, East Asia, Latin America, and
9504-426: The number of Panamanian soldiers killed estimated at 450. The estimates for civilians killed in the conflict ranges from 200 to 4,000. The United Nations put the Panamanian civilian death toll at 500, Americas Watch estimated 300, the United States gave a figure of 202 civilians killed and former US attorney general Ramsey Clark estimated 4,000 deaths. It represented the largest United States military operation since
9612-489: The number of gravesites along the way. At 1520 the Genoese controlled the port of Panama. The Genoese obtained a concession from the Spanish to exploit the port of Panama mainly for the slave trade, until the destruction of the primeval city in 1671. In the meantime in 1635 Don Sebastián Hurtado de Corcuera , the then governor of Panama, had recruited Genoese , Peruvians, and Panamanians, as soldiers to wage war against Muslims in
9720-416: The official program, some of which are also webcast . Not all the journalists are given access to all areas, however. This is reserved for white badge holders. "Davos runs an almost caste-like system of badges", according to BBC journalist Anthony Reuben. "A white badge means you're one of the delegates – you might be the chief executive of a company or the leader of a country (although that would also get you
9828-667: The potential to cause major human suffering, and which require a multi-stakeholder approach for mitigation. In 2020, the forum published a report entitled Nature Risk Rising: Why the Crisis Engulfing Nature Matters for Business and the Economy . In this report the forum estimated that approximately half of global GDP is highly or moderately dependent on nature (the same as IPBES 's 2019 assessment report ). The report also found that 1 dollar spent on nature restoration yields 9 dollars in economic benefits. On 19 January 2017
9936-587: The public cost of security, the organization's tax-exempt status, unclear decision processes and membership criteria, a lack of financial transparency, and the environmental footprint of its annual meetings. The WEF was founded in 1971 by Klaus Schwab , a business professor at the University of Geneva . First named the European Management Forum , it changed its name to the World Economic Forum in 1987 and sought to broaden its vision to include providing
10044-505: The region with weapons and ammunition on behalf of the CIA. On June 6, 1987, the recently retired Colonel Roberto Díaz Herrera, resentful that Noriega had broken the agreed-upon "Torrijos Plan" of succession that would have made him the chief of the military after Noriega, decided to denounce the regime. He revealed details of electoral fraud, accused Noriega of planning Torrijos's death and declared that Torrijos had received 12 million dollars from
10152-458: The reigning corruption and pave the way for a new Panama. A week and a half later, on October 11, 1968, the National Guard (Guardia Nacional) ousted Arias and initiated the downward spiral that would culminate with the United States' invasion in 1989. Arias, who had promised to respect the hierarchy of the National Guard, broke the pact and started a large restructuring of the Guard. To preserve
10260-567: The scientific and technological changes that are changing the way we live, work and relate to one another". The World Economic Forum declares that it is impartial and that it is not tied to any political, partisan , or national interests. Until 2012, it had observer status with the United Nations Economic and Social Council ; it is under the supervision of the Swiss Federal Council . The foundation's highest governance body
10368-481: The separatists in the capital. Ever since October 1821, when the former Governor General, Juan de la Cruz Murgeón , left the isthmus on a campaign in Quito and left a colonel in charge, the separatists had been slowly converting Fábrega to the separatist side. So, by November 10, Fábrega was now a supporter of the independence movement. Soon after the separatist declaration of Los Santos, Fábrega convened every organization in
10476-462: The southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. Its capital and largest city is Panama City , whose metropolitan area is home to nearly half of the country's over 4 million inhabitants. Before the arrival of Spanish colonists in the 16th century, Panama was inhabited by a number of different indigenous tribes . It broke away from Spain in 1821 and joined
10584-524: The top-ranking global risks expressed by WEF attendees. On June 13, 2019, the WEF and the United Nations signed a "Strategic Partnership Framework" in order to "jointly accelerate the implementation of the 2030 Agenda for Sustainable Development ." The 2021 World Economic Forum was due to be held from 17 to 20 August in Singapore . However, on 17 May the Forum was cancelled; with a new meeting to take place in
10692-454: The village as a "small indigenous fishing town". In 1517, Don Gaspar de Espinosa , a Spanish lieutenant, decided to build a trading post in the same location Guzmán described. In 1519, Pedro Arias Dávila decided to establish the Spanish Empire's Pacific port at the site. The new settlement replaced Santa María la Antigua del Darién , which had lost its function within the Crown's global plan after
10800-698: The world in terms of the Human Development Index . In 2018, Panama was ranked the seventh-most competitive economy in Latin America, according to the World Economic Forum 's Global Competitiveness Index. Panama was ranked 82rd in the Global Innovation Index in 2024. Covering around 40 percent of its land area, Panama's jungles are home to an abundance of tropical plants and animals – some of them found nowhere else on earth. Panama
10908-476: The world that Brazil is a protector of the rain forest while utilizing its resources for food production and export. He stated that "his government will seek to better integrate Brazil into the world by mainstreaming international best practices, such as those adopted and promoted by the OECD ". Environmental concerns like extreme weather events, and the failure of climate change mitigation and adaptation were among
11016-411: Was a constitutional democracy dominated by a commercially oriented oligarchy . During the 1950s, the Panamanian military began to challenge the oligarchy's political hegemony. The early 1960s saw also the beginning of sustained pressure in Panama for the renegotiation of the Hay–Bunau-Varilla Treaty , including riots that broke out in early 1964, resulting in widespread looting and dozens of deaths, and
11124-479: Was created in response to other Europeans trying to take Spanish territory in the Caribbean region. The Isthmus of Panama was placed under its jurisdiction. However, the remoteness of New Granada's capital, Santa Fe de Bogotá (the modern capital of Colombia ) proved a greater obstacle than the Spanish crown anticipated as the authority of New Granada was contested by the seniority, closer proximity, and previous ties to
11232-404: Was distributed to all 2,340 participants of the annual meeting. Following the publication, Klaus Schwab described the publication as "an unacceptable failure in the editorial process". In late 2015, the invitation was extended to include a North Korean delegation for the 2016 WEF, "in view of positive signs coming out of the country", the WEF organizers noted. North Korea has not been attending
11340-532: Was divided into several provinces . In 1855, the autonomous State of Panama was created within the Republic out of the New Granada provinces of Panama, Azuero, Chiriquí, and Veraguas. It continued as a state in the Granadine Confederation (1858–1863) and United States of Colombia (1863–1886). The 1886 constitution of the modern Republic of Colombia created a new Panama Department . The people of
11448-426: Was founded on 24 January 1971 by German engineer Klaus Schwab . The foundation's stated mission is "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The foundation is mostly funded by its 1,000 member multi-national companies . The WEF is mostly known for its annual meeting at the end of January in Davos ,
11556-568: Was the easiest way to ship silver mined in Peru to Europe. Silver cargoes were landed on the west coast of Panama and then taken overland to Portobello or Nombre de Dios on the Caribbean side of the isthmus for further shipment. Aside from the European route, there was also an Asian-American route, which led to traders and adventurers carrying silver from Peru going over land through Panama to reach Acapulco, Mexico before sailing to Manila, Philippines using
11664-647: Was widely settled by Chibchan , Chocoan , and Cueva peoples. The largest group were the Cueva (whose specific language affiliation is poorly documented). The size of the indigenous population of the isthmus at the time of European colonization is uncertain. Estimates range as high as two million people, but more recent studies place that number closer to 200,000. Archaeological finds and testimonials by early European explorers describe diverse native isthmian groups exhibiting cultural variety and suggesting people developed by regular regional routes of commerce. Austronesians had
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