The Copenhagen Consensus Conference brought together eight of the world’s leading economists, including 4 Nobel Laureates and 30 of the world’s top specialists to answer the question :-

“What would be the best ways of advancing global welfare, and the welfare of developing countries, supposing that an additional $50 billion of resources were at governments’ disposal?” The panel was to base their decisions on real, feasible, cost benefit solutions to confront ten of the great global challenges including poverty, malnutrition, communicable diseases, and climate change.

The results of the Copenhagen Consensus formed the foundation of the UN Sustainable Development Goals which are targets to enhance the welfare of developing nations.