| The 
				office, called the Center for the Fourth Industrial Revolution, 
				will have 50-60 people working on about 10 different projects by 
				the end of the next year, Murat Sonmez, a one-time Silicon 
				Valley entrepreneur who will lead the effort, said in an 
				interview.
 The goal is to develop policy approaches to address the novel 
				issues raised by new technologies, said the member of the 
				forum's managing board. Many "policies and regulations were 
				written before the Internet was invented. Policy-makers don't 
				know what to do," he said.
 
 About half of the new center's staff will be full-timers and the 
				rest will include fellows and others from industry, academia and 
				government, Sonmez said.
 
 "Given the accelerating change brought on by innovation, 
				continuous public-private cooperation on a global level is 
				needed more than ever," Klaus Schwab, founder and chief 
				executive of the forum, said in a statement.
 
 The Word Economic Forum holds regional events around the world 
				and publishes research on the global economy.
 
 (Reporting by Jonathan Weber; Editing by Richard Chang)
 
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