The WEF in New York

The United States’ vast domestic economy, transparent legal system, and innovative culture have made it the world’s #1 destination for foreign direct investment. It would be impossible to imagine our Organization without scoring a highlighted presence in the United States. We are choosing New York to locate a representative office and expand the international operations of the World Education Fund (WEF).

wef-logo-usa-300So, our initial goal is finding a partner in New York City, offering their facilities to represent the WEF in the United States. The immediate next step is formalize the organization in the country, according to local legal requirements, and the achievement of nonprofit 501(c)(3) qualifying.

The United States is the world’s largest economy and has the world’s third-largest population, with a gross domestic product of over $14 trillion and a population of more than 310 million people. It is also one of the richest economies in the world.  The country’s per capita GDP of over $47,000 leads all major developed economies. In addition, the United States maintains free trade agreements with 17 partner countries that produced a combined $5 trillion dollars in 2010—giving investors in the United States unparalleled access to diverse markets across the globe.  

Center of Research and Innovation

The United States is the world’s center of innovation. The United States was responsible for 41 percent of all expenditures in research and development in developed countries in 2007. And almost half of all scientific researchers in the developed world work in the United States.   U.S. Companies dominate the World’s 50 Most Innovative Companies Ranking – easily outnumbering corporations outside of America. U.S. companies take all of the top 4 rankings, 6 of the top 10, and 22 of the top 50. [Bloomberg-Businessweek]

World's Top Universities

The U.S. is home to the world’s top universities, boasting all of the top 5 spots, seven of the top 10, and more than half the top 50 places (27). In fact, the U.S. has more than twice as many universities represented in the top 200 as its nearest rival, the UK, which has 29. [Times Higher Education World University Rankings for 2010-11]

Highly Educated and Productive Workforce

The United States has a highly educated workforce. Over 40 percent of Americans age 24 to 60 have completed a level of education beyond high school, considerably more than the Organisation for Economic Co-operation and Development (OECD) average of 27 percent and the second highest among all developed countries.