Global Economic Symposium - Startseite | ZBW › ges_challenge › ges_2011_preview.pdf · 2011-07-04 · GES 2011 Preview Content – 2 – Introduction The Global Economic Symposium

GES | 2011 Preview

June 23rd, 2011

GlobalEconomicSymposium5–6 October, Kiel, Germany

GES 2011 Preview

Content

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Introduction

The Global Economic Symposium (GES) provides solution proposals for major global problems. These solution proposals are generated by a dialogue among leaders from academia, business, politics and civil society. The dialogue is supported by the Virtual GES, the webbased platform of the GES, containing back ground research, policy and strategy proposals, as well as discussion forums.

The GES 2011 will take place in the city of Kiel (Schleswig-Holstein, Germany), the hometown of the Kiel Institute, on October 5 and 6, 2011. In the future, the location of the GES will continue to alternate between Schleswig-Holstein, Germany, and a major international center. Thereby, the Symposium aims to maintain its roots near the Kiel Institute while enlarging its communities abroad.

The overarching theme of the GES 2011 is “New Forces of Global Governance.” The current global problems—ranging from sovereign debt crises to climate change to energy insecurity to food and water

boundaries. What is required, according to a growing number of commentators, is a new force in global governance that gives people intrinsic motivation to work across national, cultural, social and religious divides. The GES will consider new approaches in global problem solving and examine strategies of achieving sustainable economic policies, sustainable business models, sustainable institutions of trans-national governance, and sustainable civic initiatives.

The GES seeks to generate

shared visions of the future that will inspire us to work together, embodied in (i)concrete policies and strategies to achieve these visions, (ii)formulated through a dialogue among diverse leading decision-makers. (iii)

This is the purpose of the Global Economic Symposium.

Yves LetermePrime Minister, Belgium

“I was impressed by the number and the high level of the people taking part in GES 2010 in Istanbul. Furthermore, the organization was really perfect. A great occasion for

the GES. Congratulations to the Kiel Institute for the World Economy.”

Introduction 2Themes and Topics Panels 3Themes and Topics Roundtables and Plenaries 4

Preliminary Program 9Session Descriptions 20Selected Speakers 2008–2010 46Advisory Board 49

GES 2011 Preview

Themes and Topics Panels

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The Global EconomyRedesigning Fiscal Consolidation and Debt Management 20The Economics and Psychology of Building Sustainable Finance 20Coping with Systemic Risk 22Reinventing Education 22Open Innovation and Access to Knowledge 23Projects: Using Evidence to Fight Poverty 24

The Global SocietyEthics and Trust in Society and Business 25Migration, Integration and Identity 26Insuring the Poor 27Funding Social Enterprises 28Improving Retirement and Health Choices 29Board Diversity and Corporate Governance 30

The Global PolityAvoiding Currency Wars and Ensuring Balanced Global Recovery 31Internet Governance Structures 31Identifying and Preventing Future Security Threats 32Norms for Global Governance 33Mobilizing Global Capital for Emerging Infrastructure Needs 33

The Global EnvironmentManaging Adaptation to Climate Change in the Developing World 35Dealing with the Race for Agricultural Land 35Water Scarcity and Virtual Water Trade 36Reducing the Water and Waste Footprints of Megacities 37Strategies for Climate Engineering 38Pioneering Smart Electricity Systems 39Shaping a Global Resource Strategy 40

GES 2011 Preview

Themes and Topics Roundtables and Plenaries

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Roundtables and PlenariesMittelstand RoundtablesRules for Safer Seaways: Challenges and Opportunities for Maritime Governance 41

Maritime Industry? 41RoundtablesNew Dimensions of Trade Barriers 42Rethinking Energy Policy 43Global Economic Scenarios 44

PlenariesTransformational Insights into Global Problem-Solving 45Holistic Approaches into Future Challenges 45

Eric Stark MaskinNobel Laureate; Professor, Institute for Advanced Study

“I thought that GES 2010 was an unusually worthwhile confer-ence. As advertised, it offered some interesting and well-consid-ered proposals to solve very thorny global problems. But, more

issues leaders in politics, business, and academia are most wor-ried about.”

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Business

* expressed interest to participate

Arkless, David President of Global Corporate and Govenment Affairs, Manpower Inc.Bin Zayed al Nahyan, Sheikh Hamdan*

CEO, Abu Dhabi MAR / HDW

Behrendt, Michael CEO, Hapag-LloydBurgess, Calvin President, Dominion FarmsBürkner, Hans-Paul President and CEO, The Boston Consulting GroupChu, Victor Founder and CEO, First Eastern Investment GroupCleary, Sean Chairman, Strategic Concepts (Pty) LtdDéau, Thierry Founding Partner and CEO, Meridiam InfrastructureEvans, Richard CEO (retd.), Alcan Inc and Rio Tinto AlcanFaber, Joachim CEO, Allianz Global Investors AG; Member of the Board of Management,

Allianz SEFeldmann, John Member of the Executive Board, BASFHaley, John J. Chairman of the Board and CEO, Towers WatsonHöppe, Peter Head of Geo Risks Research Department and Corporate Climate Center,

Munich REHogrefe, Lüder Managing Director, Raytheon AnschützIskenderian, Mary Ellen President and CEO, Women’s World BankingKaplan, Seth D. Managing Partner, Alpha International ConsultingKipp, Thomas CEO, DHL Global MailLeonberger, Horst Head of Group Business Division “Connected Vehicles”, T-Systems

Lüken, Reinhard Secretary General, Community of European Shipyards Associations

Magariños, Carlos CEO, Global Business Development NetworkMartel, Bryan L. Founder and Managing Director, Environmental Capital GroupObermann, René CEO, Deutsche Telekom AGO’Donohoe, Nicholas Independent Advisor, UK Government’s Big Society Bank Phillips, Robert President and CEO, Edelman Europe, Middle East and AfricaRave, Klaus Chairman, Global Wind Energy CouncilSchwartz, Rodney CEO, ClearlySoShi, Zhengrong* Founder, Chairman and CEO, Suntech PowerThielen, Gunter Chair of the Executive Board, Bertelsmann AG

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International and Non-Governmental Organizations

Politics

Almunia, Joaquín Vice-President, European Commissioner for Competition, European Commission

Arthur, Sir Michael Former Ambassador to Germany, Embassy of Great BritainBarroso, José Manuel* President, European CommissionBin Abdul Aziz Al Saud, Turki bin Faisal

Chairman of the King Faisal Center for Research and Islamic Studies, King Faisal Foundation

Borg, Anders Finance Minister, SwedenCarstensen, Peter-Harry Prime Minister of Schleswig-Holstein, State of Schleswig-Holsteinda Silva, Luiz Inacio Lula* Former President, Government of Brazilde Brichambaut, Marc Perrin Secretary General, OSCEde Gucht, Karel Commissioner for Trade, Europen Commissionde Jager, Jost Minister of Science, Economic Affairs and Transport, State of Schleswig-

Holstein, GermanyLiikanen, Erkki Governor, Bank of FinlandMaira, Arun Member of the Planning Commission, Government of IndiaPiebalgs, Andris* Commissioner for Development, European CommissionSchäuble, Wolfgang* Minister of Finance, Federal Government of GermanySchmidt, Helmut Former Chancellor, Federal Republic of Germany

Minister of Finance, Turkey

Torry, Sir Peter Former Ambassador to Germany, Embassy of the United Kingdom

Tumusiime, H.E. Rhoda P. Commissioner for Rural Economy and Agriculture, African Union Commission

Turhan, Ibrahim Deputy Governor, Central Bank of Turkey

Visco, Ignazio Vice President, Central Bank of Italy

Witthauer, Hans-Jochen Deputy Commander, Allied Maritime Command Northwood

de Geus, Aart Deputy Secretary-General, OECDEkman, Bo Founder and Chairman, Tällberg FoundationHall, William Member of the Board of Directors, AARPLeftley, Richard President and CEO, MicroEnsureMikuriya, Kunio Secretary General, World Customs OrganizationMirow, Thomas President, European Bank for Reconstruction and DevelopmentNarain, Sunita Director, Indian Centre for Science and EnvironmentNatividad, Irene President, Global Summit of WomenSupachai, Panitchpakdi* Secretary-General, UNCTADUnmüßig, Barbara President, Heinrich Böll FoundationZhu, Min Special Advisor to the Managing Director, International Monetary Fund

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Academia

Bauer, Johannes M. Professor, Department of Telecommunication, Information Studies and Media, Michigan State University

Chartres, Colin Director General, International Water Management InstituteDe Jesús, Edilberto C. President, Asian Institute of Management (AIM)Dercon, Stefan Professor of Development Economics, Oxford UniversityDeutch, John Professor of Chemistry, MIT; Former Director of CIADustmann, Christian Professor of Economics, University College LondonEpstein, Gil S. Professor of Economics, Bar-Ilan-UniversityFan, Shenggen Director General, International Food Policy Research InstituteGuidotti, Pablo E. Professor at the School of Government and Member of the Board of Directors,

Universidad Torcuato di Tella, ArgentinaKarlan, Dean S. Professor of Economics, Yale UniversityKinyanjui, Peter E. Executive Director, Universal Communications ServicesKleinwächter, Wolfgang Professor for International Communication Policy and Regulation, Media and

Information Sciences, University of AarhusKrueger, Anne O. Professor of International Economics, SAIS, Johns Hopkins University; Senior

Fellow, Stanford Center for International DevelopmentLatif, Mojib Professor of Oceanography, Leibniz Institute of Marine Sciences at Kiel

UniversityLazear, Edward Professor of Economics, Stanford University, Hoover InstitutionMair, Johanna Associate Professor of Strategic Management, IESE Business SchoolMarkose, Sheri Professor of Economics, University of EssexMaskin, Eric S. Nobel Laureate; Professor of Social Science, Institute for Advanced Study,

PrincetonObstfeld, Maurice Professor of Economics, University of California, BerkeleyPiggott, John Director, Australian Institute for Population Ageing ResearchPortes, Richard Professor of Economics, London Business SchoolSalter, Ammon Professor of Technology and Innovation Management, Imperial College LondonSimonsen Leal, Carlos Ivan President, Getulio Vargas FoundationSinger, Tania Director, Department of Social Neuroscience, Max Planck Institute for Human

Cognitive and Brain SciencesTochtermann, Klaus Director, ZBW - Leibniz Information Centre for EconomicsTsur, Yacov Professor of Agriculture and Resource Economics, The Hebrew University of

JerusalemTuckett, David Professor of Psychoanalysis, University College LondonVanhaverbeke, Wim Professor Strategy & Organisation, Hasselt UniversityVon Braun, Joachim Director, Center for Development ResearchVon Weizsäcker, Ernst Ulrich Co-Chair, UNEP Resource PanelWilliamson, Oliver E. Nobel Laureate; Professor Emeritus of Business, Economics, and Law,

University of California, BerkeleyZaidi, S. Akbar Visiting Professor, Columbia University

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Media

Bernstorf, Julia Editor, Deutsche WelleCabrini, Andrea Director, ClassCNBCCloete, Kim Journalist and Producer, SABCCurry, Declan Business Correspondent, BBCGlick, Bryan Editor in Chief, ComputerWeekly.comHarvey, Fiona Environment Editor, GuardianJaburg, Christian Editor, Deutsche Welle TVKintisch, Eli Reporter, Science MagazineLietsch, Fritz CEO, ALTOP GmbHMroz, Ann Editor, Times Higher EducationMüller, Henrik Deputy Editor in Chief, Manager MagazinMunchau, Wolfgang Co-Founder and President, Eurointelligence; Associate Editor, Financial TimesRichter. Stephan President, The Globalist Research CenterTraufetter, Gerald Science and Technology Correspondent, Der SpiegelWallace, Paul Britain Economics Editor, The Economist

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Preliminary Program

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Internet Governance Structures

Improving Retirement and Health Choices

Managing Adaptation to Climate Change in the Developing World

09:00 – 10:15 Session Slot 1: Parallel Panels off the record

Johannes M. BauerProfessor, Department of Telecommunication, Information Studies and Media, Michigan State UniversityPeter Dengate Thrush*Chairman of the Board of Directors, Internet Corporation for Assigned Names and NumbersWolfgang KleinwächterProfessor for International Communication Policy and Regulation, Media and Information Sciences, University of AarhusSusan Wojcicki*Vice President of Product Management, Google Inc.

John J. Haley Chairman of the Board and CEO, Towers WatsonWilliam HallMember of the Board of Directors, AARPJohn PiggottDirector, Australian Institute for Population Ageing ResearchJuha Rehula*Minister of Social Affairs and Health, Finland

Peter HöppeHead of Geo Risks Research Department and Corporate Climate Center, Munich REBryan L. MartelFounder and Managing Director, Environmental Capital GroupSunita NarainDirector, Indian Centre for Science and EnvironmentMohammed Nasheed*President, Maldives

Moderator:Bryan GlickEditor in Chief, ComputerWeekly.com

Moderator:Declan CurryBusiness Correspondent, BBC

Moderator:Colin ChartresDirector General, International Water Management Institute

Wednesday 5 October 2011

RegistrationOpening Reception

Welcome AddressesDennis J. Snower, Director, GES; President, Kiel Institute for the World EconomyPeter-Harry Carstensen, Prime Minister of Schleswig-Holstein, State of Schleswig-HolsteinGunter Thielen, Chair of the Executive Board, Bertelsmann AGAlessio J.G. Brown, Executive Director, GES, Kiel Institute for the World Economy

From 08:3017:30

From 08:00

Tuesday 4 October 2011

Registration

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Pioneering Smart Electricity Systems

Funding Social Enterprises


Steven Chu*Energy Secretary, U.S. Department of EnergyReinhard Clemens*Member of the Board of Management for T-Systems, Deutsche Telekom AGJean-Michel Glachant*Director of the Florence School of Regulation and Director of Loyola de Palacio Energy Policy Programme, European University InstituteFatih Birol*Chief Economist, International Energy Agency

Joaquín Almunia*Vice President and Commissioner for Competition, European CommissionCarlos MagariñosCEO, Global Business Development NetworkJohanna MairAssociate Professor of Strategic Management, IESE Business SchoolNicholas O’Donohoe Political Advisor, UK Government’s Big Society Bank

Moderator:Fiona HarveyEnvironment Correspondent, Guardian

Moderator:Rodney SchwartzCEO, ClearlySo

10:15 – 10:30 Coffee Break

09:00 – 10:15 Roundtable on the record

New Dimensions of Trade Barriers

Joachim Hunold*CEO, Air Berlin PLC & Co. Luftverkehrs KGKunio MikuriyaSecretary General, World Customs Organization

Thomas KippCEO, DHL Global MailAlgirdas Šemeta*EU Commissioner for Taxation and Customs Union, Audit and Anti-Fraud, Europaen Commission

Moderator:Andrea CabriniDirector, ClassCNBC

Coping with Systemic Risk

Jacob A. Frenkel*Chairman, J.P.Morgan Chase InternationalErkki LiikanenGovernor, Bank of FinlandSheri MarkoseProfessor of Economics, University of Essex

Minister of Finance, Turkey

Moderator:Wolfgang MunchauCo-Founder and President, Eurointelligence; Associate Editor, Financial Times

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Preliminary Program

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Global Economics Fellows’ Projects

Samita AnandManager, Maternal Newborn Child Health, Centre for Development and Population Activities, IndiaKathrin HoeckelPolicy Analyst, Directorate for Education, OECD

Anne Kinya GitongaAssistant Analyst, Kenya Institute for Public Policy Research and AnalysisBarath VenkateshAnalytics Program Manager, Hewlett-Packard (HP), India



12:00 – 13:00 Global Economic Workshop on the record


13:00 – 14:15 Lunch

14:15 – 15:30 Opening Plenary on the record


Transformational Insights into Global Problem-Solving

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Avoiding Currency Wars and Ensuring Balanced Global Recovery

Redesigning Fiscal Consolidation and Debt Management


Karel de GuchtCommissioner for Trade, European CommissionAnne O. KruegerProfessor of International Economics, SAIS, Johns Hopkins University; Senior Fellow, Stanford Center for International DevelopmentMaurice ObstfeldProfessor of Economics, University of California, BerkeleyRichard PortesProfessor of Economics, London Business SchoolGang Xiao*Chairman, Bank of China

Anders BorgMinister of Finance, SwedenHans-Paul BürknerPresident and CEO, The Boston Consulting GroupPablo E. GuidottiProfessor at the School of Government and Member of the Board of Directors,UniversidadTorcuato di Tella, ArgentinaEdward LazearProfessor of Economics, Stanford University, Hoover InstitutionEric S. MaskinNobel Laureate; Professor of Social Science, Institute for Advanced StudyMin ZhuSpecial Advisor to the Managing Director, International Monetary Fund


Moderator:Paul WallaceBritain Economics Editor, The Economist

Board Diversity and Corporate Governance

Luis A. Aguilar*Commissioner, The U.S. Securities and Exchange CommissionMijntje Lückerath-Rovers*Professor of Corporate Governance, Nyenrode Business UniversityAudun Lysbakken*Minister of Children, Equality and Social Inclusion, NorwayIrene NatividadPresident, Global Summit of WomenJane Shaw*Chairman of the Board of Directors, Intel Corporation

Moderator:Richard EvansCEO (retd.), Alcan Inc and Rio Tinto Alcan

Roundtable on the record

Michael BehrendtCEO, Hapag-LloydCarlos C. Salinas*Chairman and CEO, Philippine Transmarine Carriers (PTC) Group of Companies

Lüder HogrefeManaging Director, Raytheon AnschützHans-Jochen WitthauerDeputy Commander, Allied Maritime Command Northwood

Moderator:Gerald TraufetterScience and Technology Correspondent, Der Spiegel

Rules for Safer Seaways: Challenges and Opportunities for Maritime Governance

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Strategies for Climate Engineering

Identifying and Preventing Future Security Threats

Ethics and Trust in Society and Business


Scott Barret*Lenfest-Earth Institute Professor of Natural Resource Economics, Columbia UniversityRichard Branson*Founder and Chairman, Virgin GroupLisa P. Jackson*Administrator, Environmental Protection AgencyDavid Keith*Adjunct Professor, Department of Physics and Astronomy and Faculty of Environmental Design, University of Calgary

Turki bin Faisal Bin Abdul Aziz Al Saud Chairman of the King Faisal Center for Research and Islamic Studies, King Faisal FoundationSean ClearyChairman, Strategic Concepts (Pty) LtdJohn DeutchProfessor of Chemistry, MIT; Former Director of CIAMarc Perrin de BrichambautSecretary General, OSCECarlos Ivan Simonsen LealPresident, Getulio Vargas Foundation

Hans-Paul BürknerPresident and CEO, The Boston Consulting GroupBo Ekman Founder and Chairman, Tällberg FoundationRichard EvansCEO (retd.), Alcan Inc and Rio Tinto AlcanArun MairaMember of the Planning Commission, Government of IndiaOliver E. WilliamsonNobel Laureate; Professor Emeritus of Business, Economics, and Law, University of California, Berkeley

Moderator:Eli KintischReporter, Science Magazine

Moderator:Quentin Peel*International Affairs Editor, Financial Times

Moderator:Robert PhillipsPresident and CEO, Edelman Europe, Middle East and Africa


State Building in Pakistan

Qazi Azmat Isa*CEO and Managing Director, Pakistan Poverty Alleviation FundS. Akbar ZaidiVisiting Professor, Columbia University

Nasir Ali Shah Bukhari*Chairman, KASB Group

Moderator:Seth D. KaplanManaging Partner, Alpha International Consulting

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18:45 – 19:45 Labs on the record

Thought Lab Application Lab


20:30 Gala Dinner


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Thursday 6 October 2011

Reinventing Education Dealing with the Race for Agricultural Land Insuring the Poor


Aart de GeusDeputy Secretary-General, OECDEdilberto de JesúsPresident, Asian Institute of Management (AIM)John FeldmannMember of the Board of Executive Directors, BASFPeter E. KinyanjuiExecutive Director, Universal Communications Services

Calvin Burgess President, Dominion FarmsShenggen FanDirector General, International Food Policy Research InstituteRhoda P. TumusiimeCimmissioner for Rural Economy and Agriculture, African Union Commission

Stefan DerconProfessor of Development Economics, Oxford UniversityMary Ellen IskenderianPresident and CEO, Women’s World BankingDean S. KarlanProfessor of Economics, Yale University

President and CEO, MicroEnsureMahmoud MohieldinManaging Director, World Bank Group

Moderator:Ann MrozEditor, Times Higher Education

Moderator:Joachim von BraunDirector, Center for Development Research

Moderator:Christian JaburgEditor, Deutsche Welle TV


Sheikh Hamdan bin Zayed al Nahyan*CEO, Abu Dhabi MARMojib LatifProfessor of Oceanography, Leibniz Institute of Marine Sciences at Kiel University

Jost de JagerMinister of Science, Economic Affairs and Transport, State of Schleswig-Holstein, GermanyReinhard LükenSecretary General, Community of European Shipyards Associations

Moderator:Fritz LietschCEO, ALTOP GmbH


Industry?

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The Economics and Psychology of Building Sustainable Finance


Joachim FaberCEO, Allianz Global Investors AG; Member of the Board of Management, Allianz SEShang Fulin*Chairman, China Securities Regulatory CommissionTania SingerDirector, Department of Social Neuroscience, Max Planck Institute for Human Cognitive and Brain SciencesDavid TuckettProfessor of Psychoanalysis, University College LondonIbrahim M. Turhan*Deputy Governor, Central Bank of the Republic of Turkey

Moderator:Rodney SchwartzCEO, ClearlySo

Water Scarcity and Virtual Water Trade

Richard Evans*CEO (retd.), Alcan Inc and Rio Tinto AlcanPeter Matlare*CEO, Tiger BrandsEdna Molewa*Minister of Water and Environmental Affairs, South AfricaYacov Tsur Professor of Agriculture and Resource Economics, The Hebrew University of Jerusalem

Moderator:Joachim von BraunDirector, Center for Development Research

David ArklessPresident of Global Corporate and Govenment Affairs, Manpower Inc.Aart de GeusDeputy Secretary-General, OECDChristian DustmannProfessor of Economics, University College LondonGil S. EpsteinProfessor of Economics, Bar-Ilan-University

Moderator:Kim CloeteJournalist and Producer, SABC

Migration, Integration and Identity



Global Economic Scenarios

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12:00 – 12:30 Ideas Fair on the record

12:30 – 13:45 Lunch

Open Innovation and Access to Knowledge

Reducing the Water and Waste Footprints of Megacities

Mobilizing Global Capital for Emerging Infrastructure Needs


René ObermannCEO, Deutsche Telekom AGAmmon SalterProfessor of Technology and Innovation Management, Imperial College LondonKlaus TochtermannDirector, ZBW - Leibniz Information Centre for EconomicsWim VanhaverbekeProfessor Strategy & Organisation, Hasselt UniversityAndroulla Vassiliou* Commissioner for Education, Culture, Multilingualism and Youth, European Commission

Colin ChartresDirector General, International Water Management InstituteMacelo Ebrard Casaubon*Mayor of Mexico City, United Mexican StatesSunita NarainDirector, Indian Centre for Science and EnvironmentHenri Proglio*Chairman and CEO, EDF

Thierry DéauFounding Partner & CEO, Meridiam InfrastructureThomas MirowPresident, European Bank for Reconstruction and DevelopmentRamaz Nikolaishvili*Minister of Regional Development and Infrastructure, GeorgiaMarion Price*Project Finance and PPP, Altra Capital Limited

Moderator:Julia BernstorfEditor, Deutsche Welle

Moderator:Marco Vollmar*Head of Department for Public Relations and Politics, WWF

Moderator:Marion Price*Project Finance and PPP, Altra Capital Limited


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Thursday 6 October 2011Thursday 6 October 2011


Carol Browner*Distinguished Senior Fellow, Center for American ProgressKlaus RaveChairman, Global Wind Energy Council

Tim Flannery*Professor of Environmental Sustainability, Macquarie University

Moderator:Henrik MüllerDeputy Editor in Chief, Manager Magazin


Rethinking Energy Policy



Mobilizing Global Capital for Emerging Infrasturcture Needs


Cathrine Ashton*The High Representative of the Union for Foreign and Security Policy and Vice President, European CommissionSean ClearyChairman, Strategic Concepts (Pty) LtdGilmar Ferreira Mendes*Chief Justice, Federal Supreme Court, BrazilWolfgang Schüssel*Member of Parliament and Former Chancellor, Austria

John Feldmann Member of the Board of Executive Directors, BASFLaurence Golborne Riveros*Minister of Mining and Energy, ChileBarbara UnmüßigPresident, Heinrich Böll FoundationErnst Ulrich von WeizsäckerCo-Chair, UNEP Resource Panel

Abhijit Banerjee*Professor of Economics, MIT

Professor of Poverty Alleviation and Development Economics, MITDean S. Karlan*Professor of Economics, Yale University

Moderator:Stephan RichterPresident, The Globalist Research Center

Moderator:Fiona HarveyEnvironment Editor, Guardian

Moderator:Kim CloeteJournalist and Producer, SABC

Norms for Global Governance

Shaping a Global Resource Strategy

Projects: Using Evidence to Fight Poverty



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Thursday 6 October 2011Thursday 6 October 2011

16:45 – 18:00 Closing Plenary on the record

18:00 Concluding Statements on the record

Alessio J.G. Brown, Executive Director, GES, Kiel Institute for the World Economy

18:30 Farewell Dinner

Holistic Approaches to Future Challenges

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Redesigning Fiscal Consolidation and Debt ManagementThe Economics and Psychology of Building Sustainable FinanceCoping with Systemic RiskReinventing EducationOpen Innovation and Access to KnowledgeProjects: Using Evidence to Fight Poverty

The Global Economy

Redesigning Fiscal Consolidation and Debt Management

The Economics and Psychology of Building Sustainable Finance

advanced industrial countries. Many of them are

there is broad agreement that very substantial consolidation efforts are needed to re-establish stability. There is, however, substantial debate on the extent and the timing of the consolidation pro-

-sures are likely to severely restrain the chances to recover from high unemployment which still per-tains in many countries. Postponing consolida-tion, however, may not be a viable option in cases

extent that the country is not longer able to bor-row in the markets at sustainable interest rates. A particular worrisome feature in this context is that even drastic consolidation measures, as in the case of Greece and Ireland, have not been suf-

What is the most desirable way to avoid exploding national debt in times of slow growth and reces-

sion-prone economies? How can one establish an optimum consolidation path for a country? How is the path affected by the country´s standing in

path be combined with a path for public expendi-ture growth? To which extent should the leeway of national governments on deciding about the con-solidation path be constrained? How should these constraints be implemented? How could one

through national debt breaks or national stability councils) and external constraints (e.g., through IMF conditionality or obligations under the EU Stability and Growth Pact)? Is a full-bore restruc-

European countries? What are the risks that the US will be forced by the markets to take on to the “austerity” approach of the UK and other coun-tries?

In the years preceding the 2008 meltdown of the -

cial markets were held on the long leash—in some cases let off the leash—by their local authorities.

the United States housing bubble, governmen-tal authorities have started to tighten the leash by implementing numerous regulations ranging from stricter collateral requirements to macro-pru-

dential monitoring. Further regulations are yet to come. But do these regulations go to the root of the ailment or do they just alleviate the symptoms of the sick patient? If there is one thing to learn from the recent developments, it is that there is

Although economists have an improved under-

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The Global Economy

on emotions and their ongoing potential impact on the creation of bubbles and market instability. Given the fundamental uncertainty within which real market participants make their decisions they have no option but to do so by creating stories for themselves about what is happening and will happen in which they believe. This is an evolution-arily adapted way to function successfully in such a context. But stories by their very nature create coherence and believability by creating closures and engaging emotions. Emotion and story-telling

instability because stories about fundamentals are always much more apparent and knowable than the underlying economic fundamentals they de-scribe. Changes in stories are more susceptible to emotions—doubt and excitement. In this situation

-consciously undergo a decoupling of excitement and anxiety in the face of new innovations. In this so-called divided state of mind, emotions foster exciting stories about new investing opportunities and at the same time blur risk perception through lampooned caution. Such stories and associated states of mind by their nature create myopic rela-tions to information and to the notion of processing

easily leads to stories about potential immense yields to investment at no perceived risk and so leads to excessive risk taking. Furthermore, this behavior and the emotional and psychological states in which it is founded imply a temporal my-opia, immensely overweighting short-term gains over long-term losses.

-nance necessitates the triad of psychological factors, regulatory constraints and well-balanced economic incentives. “Economics and psychol-

is a continuation of the 2009 Global Economic -

cial crisis” and intends to further advance earlier solution proposals as well as to develop comple-menting solutions. In particular, the 2009 panel suggested to gather information on psychological

of psychological excitement. Hence, this informa-tion ought to be implemented into the design of

to explicitly formulate policy instruments, we must answer the question on how to assess the kinds of stories circulating in markets, accurately measure how far they contain overexcitement and think how to use this information to install a warning device for future bubbles? Which institution would be willing and capable to collect such information? According to the 2009 panel, temporal myopia can be challenged by coupling executive remuneration to long-term performances rather than short-term

--

way such instruments can be globally employed to prevent international regulatory arbitrage. In gen-eral, the question arises, how regulations can give incentives to change risk perceptions and how they should be designed to account for the emo-tional driving forces?

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The Global Economy

Reinventing Education

systemic risk in the banking system may lead to huge economic downturns. Many of the problems leading to the crisis have been discussed and

investment banks, central banks, rating agencies, regulators and the economics profession). Given

to avoid future crises, the recent changes in Basel III being a notable exception. However, it should be clear that changing capital requirements alone

and avoid future crises.

Why do regulators know so little about the em-pirical network structure of the interbank market? What data is needed to monitor the system?

Which stability-enhancing regulatory measures can be realistically implemented? Should these measures be coordinated internationally to be-come effective or will be national solutions suf-

process? Should central banks aim at monitor-

should the trade-off be made between the as-

of the banking system, and the negative impact on

changes? How is the industry likely to respond to these changes?

Coping with Systemic Risk

Global competition and the recent economic crisis have put additional pressures on how and what education programs should deliver. The problem

the public/private sector contribution. Getting the correct balance of skills needed to achieve eco-nomic growth and how these can be delivered by education, is a problem not helped by the lack of good “education metrics” allowing policy makers to learn from their own and other countries’ edu-cational experiences. While in more developed economies challenges related to education are about aging societies, highly indebted govern-ments and stagnant labor markets, in many other

countries worries include the building up of decent educational systems and at the same time making the best use of limited resources. So far however the use of evidence based analyses responding to these challenges are exceptions rather than the rule. Successes using metric measurements ex-ist. Most notably, some studies have clearly dem-onstrated how data gathering could help improve policy decisions. In particular, PISA provides a better understanding of what drives educational achievements in different countries. However, a variety of different datasets exploring diverse is-sues associated to education are already avail-able while others are under construction.

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The Global Economy

Should business and policy makers be guided by the use of human capital (overall skills) measures, rather than “years in schooling” measures (e.g., PISA, 2010)? Should policy aim for an increased linking of education investments to economic per-formance (e.g., PIAAC program)? How should schools be funded with ever tightening State bud-

gets? Can business make money out of educa-tion? If the returns to fee-paying schools attract business investment, are graduates from private schools equipped with skills that employers really need? What type of education helps graduates/school leavers contribute most towards economic growth?

Our world is full of unexploited knowledge and bril-liant ideas that are never realised. Innovators often fail to take note of external innovations, and some-times they are not even aware of the market for internal ideas. “Open innovation”, i.e. utilising ex-ternal knowledge and sharinginternal knowledge with external players, is a promising step towards reducing this fundamental mismatch between the global supply and demand for knowledge. In open innovation projects, innovators from the private sector and academia voluntarily disclose innova-tion processes and results to other (potential) inno-vators. They make internal knowledge accessible for the outside world and attract external expertise in exchange. By doing so, innovators are able to improve their innovativeness.

The success of open innovation projects hinges on the incentives of innovators to share their knowl-edge and to interact with each other, as well as on the matching of knowledge supplied and demand-ed. Institutional environments of different quality,

e.g. in terms of different intellectual property right (IPR) systems, may affect innovators’ incentives to share knowledge and thus the pool of knowledge available for follow-up innovations. To build an ad-

the strongly globalised digital world which fosters both open innovation and competition between innovators, contributions from policymakers, the private sector, academia and NGOs are essential. How could knowledge sharing be encouraged and supported by redesigning the existing IPR sys-tems? Going beyond the purely legal aspect, how could the culture of knowledge sharing in a soci-ety be developed and sustained in general? How could the ideas of individuals be better traced and integrated in the innovation system? How could information and telecommunications technologies be used to improve the intermediation and com-munication between innovators? How could social

advantages be reconciled?


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The Global Economy

Even though some of the Millennium Development Goals (MDGs) – e.g. the goal of halving extreme poverty – will be achieved on a global scale by 2015, progress will have been uneven and pov-

Some countries, notably China and India which could harness the opportunities of globalization, are well on track to reach the goals. At the same time, many countries, especially those with the lowest levels of development, are far from real-izing any of the MDGs. This macro picture, how-ever, clouds the successes of individual projects

improved the living standards of the poor along various dimensions. Systematically identifying and learning from such projects provides an ex-traordinary opportunity to improve the design of development interventions and to lift many more people out of poverty.

One promising means of identifying what works -

trolled trials (RCTs), where only subset of eligible individuals gets a treatment (a conditional cash transfer, for example) and all others comprise the control group. This approach took off in the early 2000s with the establishment of MIT’s Poverty Action Lab and Innovations for Poverty Action at

Yale University. It has gained enormous momen-tum over the last decade, leading some observ-ers to speak of a ‘New Development Economics’. Two recently released books based on a wealth of accumulated experiences with RCTs in differ-ent areas of development policy (Poor Economics

Good Intentions by Dean Karlan and Jacob Appel) received a lot of media attention and will make the approach known well beyond the nar-row community of development specialists. Does this approach carry the potential to fundamentally change the way development policy is pursued? Or does it ‘only’ represent one item among others in the policymakers’ toolkit?

This session aims to shed light on the role RCTs -

lights notable proven successes where careful -

to be effective. In a second step, the experiences of single projects will be put into the broader per-spective of how the RCT methodology has trans-formed development policy. Finally, possible limits of the approach will be addressed.

Projects: Using Evidence to Fight Poverty

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Ethics and Trust in Society and BusinessMigration, Integration and IdentityInsuring the PoorFunding Social EnterprisesImproving Retirement and Health ChoicesBoard Diversity and Corporate Governance

The Global Society

Ethics and Trust in Society and Business

Society in general and the economic system in particular require trust, built on ethical foundations and social norms, as a ground for successful co-operation. The background is that economic ac-tivity in the modern society has become increas-ingly complex and intransparent due to the rapid development of new technologies and new prod-ucts and services, and due to the globalization of supply. This complexity and lack of transparency yields that information is highly asymmetrical, giving producers an edge over consumers, man-agers over capital owners and over employees, and both over public authorities. Even that infor-mation that would be available in principle may come at high transaction costs, and individuals, overstrained with this high degree of complexity, may therefore tend to fall for emotional judgement and for herding behaviour. Decisions that are tak-en such under rather incomplete information may yield unforeseeable as well as economically and

-tal damage, or new types of health problems at the working place.

An economist’s standard solution to deal with in--

ernment regulations. However, the more complex a phenomenon is, the more complex the regula-tory system has to be that is supposed to solve it. Usually, any rules, laws and contracts leave scope to circumvent or undermine them, and to exclude such imperfections may be burdensome. Trust may therefore offer a shortcut solution, if it grows out of common ethical foundations and so-cial norms such as professionalism (where people

take pride in the quality of their work) and repu-tation. Ethical foundations and social norms may help society to better protect individuals from seri-

their internal creative potential and to boost their market value. Indeed, such ethical foundations and norms have for a long time been important for professional groups in areas where the producers have superior information relative to customers and government authorities—important examples being physicians, dentists and lawyers. A decent society requires that also boards and managers

norms—indeed also when decisions are taken of remuneration systems, which today often have very little to do with actual contributions to the eco-nomic performances.

How would such approach to ethical foundations and social norms affect our ability to deal with glob-

crisis? How to restore the trust in social norms, and

where market norms are better in place? What is the role of ethical diversity when looking for com-mon ethical foundations even at a global level? What is the role of politics in this regard? What ac-tivities should be subject to regulation and which should be left to business norms? What does this approach to ethics and social norms imply for business activity with regard to product develop-ment, marketing, acceptable forms of competition

businesses with their employees, their customers and their suppliers? And how can such business norms be enforced?

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The Global Society

Migration is a central dimension of globalization. It entails major challenges but also important op-portunities to countries of origin and countries of destination, as well as to migrants themselves. Advances in ICT and affordable travel allow mi-grants to be a part of life in their home and host countries. This “migrant transnationalism” is

diaspora engagement in the economic and politi-cal development of their countries of origin. As a consequence, a growing number of people tend to identify with multiple countries and cultures.

countries and destination countries. It can encour--

fusion of knowledge as well as social and politi-cal norms, thus fostering economic and societal development. Destination countries may in addi-tion gain from spurred innovation through diversity as well as from the mitigation of short term labor shortages. Yet, migrant transnationalism is often viewed as a threat to national identity and social cohesion in host countries. Instead of accepting that a person can be part of more than one culture and even harnessing the migrants’ sustained ties with their countries of origin, complete cultural and social assimilation is expected.

This session will focus on policies that help maxi-

at the same time, mitigate potential problems with respect to integration, social cohesion and alien-ation.

Previous GES-sessions on migration have pro-posed bilateral agreements to enhance migrant

mobility. How could bilateral agreements be used to foster migrant transnationalism and help real-

agreements help adjust education and training programs in source countries in ways that facili-

migrants’ integration problems, e.g., by providing language skills and knowledge relevant to the host country? And could bilateral agreements help ad-just social security systems to accommodate tem-porary migration, e.g. by improving the portability

are the consequences of migrant transnationalism for optimal integration policies? Could double citi-zenship facilitate integration into the host country while preserving the connection with the country of origin? How can host countries foster the politi-cal and civic participation of migrants who do not hold full citizenship? Should temporary migration programs offer a path to permanent residence and full citizenship? How can migrant associations help improve the integration process and at the same time foster relations between source and destina-

-cial and technical support and/or offer them active participation in the design and delivery of integra-tion and development cooperation policies? What

-

be communicated to the public more effectively? Can corporations offer an alternative source of identity that facilitates integration? And what can society learn from cultural diversity management practices in multinational corporations?

Migration, Integration and Identity

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The Global Society

Poor households in developing countries face a number of risks. As access to formal insurance and credit markets is limited, they need to rely on informal strategies in order to reduce these risks ex ante and cope with shocks once they have ma-terialized. One empirically relevant risk reduction

-holds, for example, diversify within their agricul-tural activities by choosing a variety of crops or combining livestock and crop farming. In addition, they diversify between the sectors by simultane-ously working in agricultural and off-farm activi-

households cannot realize specialization gains. In addition to diversifying income, poor households generally choose low-risk, low-return activities. In particular, households tend to be reluctant in adapting new technologies which prevents them from exploiting their full production potential. If ad-verse shocks occur despite these risk reduction efforts, poor households often have to rely on sup-

be effective in case of idiosyncratic shocks like ill-ness or job loss. They fail, however, in case of ag-gregate shocks like drought or hurricanes that af-fect the whole environment. Furthermore, the sale

of productive assets reduces the future production capacity. Overall, these strategies help households to temporarily smooth their income and consump-tion. In the longer run, however, they tend to ham-per economic development. Therefore, measures

are an important tool in promoting development and alleviating poverty. One promising approach is the introduction of microinsurance.

Microinsurance is the provision of insurance ser-vices to the low-income population. In exchange for a premium payment, microinsurance provides protection from unforeseen events. Like classical insurance, microinsurance is based on the prin-ciple of risk pooling. The distinctive feature of mi-

of the target population. How can microinsurance

development process? What is the impact of mi-croinsurance on economic development? How can the supply of microinsurance be improved? How are microcredits, microinsurance and micro-savings linked? How to target farmers in remote rural areas? How to target the poorest of the poor? How to convince poorly educated people that in-

Insuring the Poor

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The Global Society

the questioning of capitalism as it has been. Questions of moral in a society and in business have re-gained momentum, demanding more ac-ceptance of responsibility towards a sustainable, value-oriented society particularly from business. With this in mind, the growing social business sec-tor might be one of many solutions to the trans-formation of the capitalist system. Social busi-nesses tackle various issues at hand. Using the methodology of capitalism for social outcomes, they have inherent long-term goals. In addition,

society. However the sector, though it has grown fast, is still very small. One reason for this is the lack of funding for social businesses. In the after-math of the economic crisis investors willing to put their money into—potentially high risk and moder-ate return—social enterprises may be particularly

-tions to fund the growing social business sector: Tax incentives could foster investment in social businesses making it more attractive for investors to put their money into such ventures. In addition, social enterprises can be funded partly by char-ity supporting the purely social activities of those companies. What is the optimal mix between pri-vate, institutional, and governmental funding and

charity? Which ones should these enterprises target primarily? Which sorts of institutions and private actors would be willing to invest into so-cial businesses? How can relatively small social enterprises be visible for and attract large impact investment funds in particular in regions where traditional market infrastructure is lacking? These funds would be able to raise the capital that is needed to bring their social impact to a larger

return. Are some of these asset classes never-theless relevant for social investment or are new asset classes needed? Since social businesses target societal issues at large, what is the role of broad based measures such as crowd funding? Are there regulatory procedures that need to be changed to allow different kinds of funding with different kinds of risks, duration of investment and measurement of returns? In order for investors to fund social businesses, social impact needs to be transparently and clearly measured. If social busi-nesses want to attract big institutional investors, then it must become easier to compare invest-

If this is not done, it can impede investments into those enterprises. Hence the measurement needs to be clear and precise. Should governments de-

Funding Social Enterprises

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The Global Society

Improving Retirement and Health Choices

It is widely accepted that the aging population poses cost challenges for society. Increased lon-gevity raises the health care and other costs of supporting the old precisely when labor forces in many countries will be shrinking or growing more slowly than in the past. Much of the debate on how to handle these problems has focused on either

degree of preparedness to pay these costs through more savings today. Yet, both options have prov-

the budgets of governments and private employ-

is that many pension and related health care sys-tems offer individuals little choice, yet individuals and households have heterogeneous needs.

Are the current structures of health and retirement the best possible? Could a more productive sys-tem be designed that uses scarce resources more effectively? What is the state of the evidence on the degree of heterogeneity in individual choice? How can people be offered more choices of levels

an effective way of allowing more choice? How can one ensure that more effective choices are made as result? If individuals are permitted more

How can society manage the implications of dif-fering outcomes? What other issues are there al-lowing individuals more choice?

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The Global Society

Board Diversity and Corporate Governance

Though the recent economic crisis has led to demands for greater transparency in corporate practices, less attention has thus far been given to ‘who’ the players should be in this new environ-ment Corporate boards globally generally show a predominance of male directors. Research shows a lack of diversity in terms of gender, race/ethnic-ity, international expertise at a time when ‘global’

of stakeholders that have become more diverse -- consumers, workers, communities and sharehold-ers. Is it desirable to change board composition? If such changes are to proceed, by what methods should they be implemented? There are a variety

of possibilities, including (i) legislated mandates or quotas for women directors, (ii) Corporate Governance Commissions and Stock Exchange requirements regarding board diversity, and (iii) Institutional Shareholders’ push to nominate and to create their own database of diverse directors. Which of these possibilities, if any, are worth put-ting into practice and where? How are these mea-

How could board diversity be accelerated without legislative mandates? Which measures can be ex-pected to result in more women in senior manage-ment? If such changes are made, what impact, if any, will they have on corporate governance?

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Avoiding Currency Wars and Ensuring Balanced Global RecoveryInternet Governance StructuresIdentifying and Preventing Future Security ThreatsNorms for Global GovernanceMobilizing Global Capital for Emerging Infrastructure Needs

The Global Polity

Avoiding Currency Wars and Ensuring Balanced Global Recovery

When recessions are severe and global, such as

they tend to lead to competitive devaluation of currencies. Such interventions raise unneces-sary trade tensions, especially if accompanied by trade protectionist measures. The result is large disruption of global trade and further worsening of the global recession. As experiences of the Great Depression clearly show, the consequences of currency and trade wars would be felt by busi-nesses, consumers and governments around the world. What is needed is a coordinated plan, which involves all trading partners, to tackle a global re-cession while ensuring balanced recovery.

A coordinated plan of action must address three interrelated issues: exchange rate system, ex-cessive reserve accumulation and global imbal-

ances. First, is there room for coordinated policy interventions that ensure a balanced global recov-ery, thereby avoiding competitive devaluations? Second, to what extent is a global recession linked to global trade imbalances and to the differences in the exchange rate regimes? And what roles can international institutions, primarily the IMF, play in monitoring global imbalances? Third, are there means to reduce the massive foreign reserve ac-cumulation, especially by countries with pegged exchange rates, which have accompanied global imbalances? What is the scope for using capital control measures as substitutes for foreign reserve accumulation? Is stabilization of exchange rates necessarily better for businesses? Can business-es cope with exchange rate risks on their own?

Internet Governance Structures

The fast-paced development of the Internet has enforced the debate on how to shape Internet governance, a project that is still very much in its infancy. It can be assumed that whoever controls the basic structure of the Internet (the so-called ‘critical Internet resources’) has also the power to exercise control over content. Hence the concep-tualization of a suitable governance institution is of crucial importance for the future of the Internet as a free means of communication. Whether this

-tional organization, an internationally operating NGO or to some kind of user or supplier deter-mined group will therefore be paramount for the

guarantee of wise content regulation. An Internet governance body should be guided by principles that are acceptable for the stakeholders from vari-ous sectors—government, business, and civil so-ciety. These principles have still to be found and accepted by the Internet community. They could be derived from basic human rights, state security considerations, privacy and copyright rules, and/or from the desire to exploit the economic poten-tial of the Internet. The motives of different stake-holders, however, often contradict each other. The most problematic case is when national se-curity, political, ethical, commercial and religious reasons are brought forward to limit the diffusion

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The Global Polity

of information and access to knowledge sources. Internet governance is supposed to reconcile

One of the eminent features of the Internet is its high potential for product, service and process in-novation that can contribute substantially to wel-fare enhancing economic growth. This potential can only be developed if commercial interests can be pursued through the networks. Hence, Internet governance is not only a political, but also an es-sentially economic concern.

What are the key values that should underpin Internet governance? What could be adequate

organizational arrangements to implement the guiding values at an international level? In which way are various technical stages of development and regulatory systems appropriate for creating solutions? Is self-regulation of the Internet (with private sector leadership) superior to government managed systems? What are the conditions for self-regulation to work? Would a supranational Internet governance body with decision-making authority be an effective instrument for promoting

-turally balanced managing of the network?

Identifying and Preventing Future Security Threats

The last decade has clearly demonstrated that the nature of threats and challenges for internation-

threats like terrorism, cyber-attacks, and nuclear proliferation have created an entirely new security environment. The national states’ monopoly on using force is eroding, state-boundaries have lost much of their importance, and private actors be-come increasingly powerful in international secu-rity. History has demonstrated that many security

addressed at an earlier stage. Today, leaders and societies have to act as early as possible to re-duce the probability that well-known (and lesser known) risks develop their potential of turning into serious threats for regional or even global secu-rity. Identifying realistic potential scenarios where terrorism, insurgency, nuclear proliferation, or cyber-attacks could evolve from an abstract and hypothetical menace to a real and severe problem

and seeking tangible solutions for prevention are key challenges.

Counterterrorism, counterinsurgency, political en-gagement—how to deal with non-state aggressors

-ernments threatened by non-state aggressor be

much damage can be possibly done? And how to address states that are perpetrators? Nuclear proliferation—can the emergence of new nuclear powers and potential regional nuclear armament races be stopped? And how likely is the threat of WMD terrorism today? In what respects are the threats of terrorism, cyber-attacks and nuclear proliferation interrelated? What responses follow from these interrelations? How must strategies to address these threats—by governments, interna-tional organizations and private enterprises—be-come interrelated?

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The Global Polity

The need to manage systemic global risks and to promote global social goods requires better global governance. The accountability of national

need to act in the global public interest. This ten-sion is apparent in problems as diverse as the re-

climate change, fresh water scarcity, and ocean

past, conferences such as Vienna (1815), Bretton Woods and San Francisco (1944–45) and Paris (1951) established shared normative frameworks

--

tional environment for many decades. Some sug-gest that the challenges facing us today, and the risk of a looming tragedy of the commons, cry out for a similar effort.

In order to address the challenges of global gover-nance, what norms of behavior would be appropri-ate and desirable? How could such norms be ac-cepted despite divergence of cultures and values

be mitigated through the adoption of such norms? How would these norms transform individual, so-cial, national, and international behavior?

Norms for Global Governance

Mobilizing Global Capital for Emerging Infrastructure Needs

The world may be on the cusp of an era of enor-mous capital investments. This boom will be driv-en by growth in emerging markets as well as the need to replace and repair part of the capital stock in developed countries. Demand for sustainable infrastructure in the broadest sense will be par-ticularly high and come at a time where strained public balance sheets call for austerity and will leave little room for public investment programs. This leads to the question how long-term capital (from private and sovereign sources) can be mo-bilized in the most effective way to achieve public policy objectives and meet citizens’ needs. While private and sovereign investors with long invest-

-acteristics of infrastructure investments attractive

-

tion etc.), a number of serious obstacles stand in the way of making considerably more private capital available. These obstacles include political risk, particularly in sensitive areas of public servic-es, lack of clear public policies on Public Private Partnership development, legislative and regu-

concessions, and targeted subsidies, inadequate institutional capacity and capital market imperfec-tions that have thus prevented the take-off of infra-structure investment as an asset class.

What are the key barriers facing the private sector when planning to enter into public infrastructure investments in the broadest sense? How does this differ as between developed and emerging markets? How can governments best tackle these constraints and encourage new capital? Are there

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The Global Polity

market instruments that can help? Who should -

frastructure and how should risks be allocated? Should certain types of project, e.g., high cost, po-litically sensitive ones, be left solely in the public

-nancing beyond infrastructure investments? What measures could be most effective in creating a fa-vorable legal and regulatory environment for long-term investment: further development of interna-tionally recommended/accepted standards of best

practices, development of model laws, possibly on a regional level, strengthening of enforcement, etc.? How could IFIs help to enhance stability and predictability of investment thus mitigating private sector risks in long term infrastructure investment? Would the participation of IFIs in pilot projects ce-ment the basis for a further multiplication of mod-ern approaches and novelty experience of such pilot projects?

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Managing Adaptation to Climate Change in the Developing WorldDealing with the Race for Agricultural LandWater Scarcity and Virtual Water TradeReducing the Water and Waste Footprints of MegacitiesStrategies for Climate EngineeringPioneering Smart Electricity SystemsShaping a Global Resource Strategy

The Global Environment

Managing Adaptation to Climate Change in the Developing World

Climate change will be a major international policy issue for decades to come. Mitigation has been the main focus of research and policy-making thus far, but adaptation to climate change has moved up in the policy agenda. Results of simulation models suggest that the negative effects of climate change disproportionately fall on the developing world, and some argue that such effects already started being visible in the form of agricultural damage,

the poor have very limited capacities and resil-ience to cope with climate change. Focusing on adaptation in low-income countries can therefore

conditions in low-income countries are different from the ones in developed countries, calling for research and planning tailored to individual coun-tries. Possible solutions for the problem of climate change adaptation in the developing world include

-aptation, grass roots initiatives and national adap-

tation plans. These solutions can be part of policy-making or private initiatives.

Where should we set the priority, on grass roots initiatives or centralized “top-down” adaptation plans? How do autonomous adaption by local

national or regional policy-making toward adapta-tion and adaptation plans taking into consideration the uncertainty about the magnitude of climate-induced changes? Is there a new climate resilient development path? How do incentives for govern-ments and donors have to be changed to turn the wheel towards such a path? How do adaptation strategies interact, which combinations of adapta-tion strategies are mutually reinforcing (and which

domestic and international climate change migra-tion and technology transfer reinforce each other

strongly affected regions?

Dealing with the Race for Agricultural Land

rising global demand for agricultural products in a sustainable manner. Climate change, a rising world population with changing diets, increasing urbanization and industrialization, and a rising production of non-food crops all raise the global demand for agricultural land. How can we bring population growth, food consumption patterns, climate patterns, and land use into a sustainable equilibrium? What international trade arrange-

ments, environmental policies, nutritional trajec-tories and land use patterns are required for this purpose?

-tors mainly from Asia and the Middle East buy or rent on a long-term basis arable land in Africa, East Europe and Central and Southeast Asia. On the one hand, these land deals are often re-ferred to as “land grabs”. As many of these invest-ments are done in countries with an already tight

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nutrition situation and rather instable political re-gimes, such as Sudan, the Philippines, Pakistan or Cambodia, they might cause problems for the local population. On the other hand, investment into the agricultural market in these countries is urgently needed, thus they could provoke a reac-tivation or development of rural areas. Therefore it is not clear whether these developments should be called “land grabs” or “opportunities for devel-opment” as a FAO report underlines.

In order to ensure that the businesses, govern-ments and civil society share the burden of turn-ing “land grabs” into sustainable opportunities for development, answers to the following challenges have to be found:

How can governments and businesses make sure that the gains to be achieved in agricultural produc-tivity are shared in a way that balances the needs of populations of both recipient and investor coun-

tries? What are the effects of these investments on food security and poverty in these countries? What are the key issues to be taken into account while assessing the social and environmental impacts of proposed investments? What is the role of land rights (including customary land rights) in rural ar-eas in helping the people in recipient countries to avoid being arbitrarily dispossessed of their land and to obtain better deals from incoming inves-tors? How can local satisfaction be increased to ensure the sustainability of long-term land deals? Which mechanisms can be used to guarantee the transparency of all the transactions to avoid cor-ruption charges? What could be the contribution of international organizations to ensure that land deals maximize the investments’ contributions to sustainable development? Do we need interna-tional regulation to govern these “land grabs” to

and the larger society?

Currently, forty percent of the world’s popula-tion faces water shortages. During the coming decades, water scarcity is expected to rise as a result of a rapid increase in the demand for wa-ter due to population growth, urbanization and an increasing consumption of water per capita.

-ence the supply of water, modifying the regional distribution of freshwater resources. Agriculture is the largest consumer of freshwater resources and consequently highly vulnerable to changes in water availability. International trade of food prod-ucts is not only a key player for global food secu-rity; it is also seen as a key variable in agricultural

water management. As water becomes scarcer, importing goods that require abundant water for their production may save water in water-scarce regions.

Is virtual water trade a realistic option for man-aging water scarcity beyond providing informa-tion on the water content of products? For which countries can virtual water trade be a meaning-ful option to cope with water scarcity and to what extent will water-short countries rely on domes-tic food production to ensure food security and avoid market volatilities? Which kind of incen-tives and administrative structures are needed to

Water Scarcity and Virtual Water Trade

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what conditions will virtual water trade improve the global use of freshwater resources? How will small-scale farmers in water-short regions be af-fected by and react to such a change in policy? Which policy measures are needed to ensure that

-ports of water-intensive agricultural products? What are the limiting factors for a successful use of the concepts and how can they be overcome (e.g., international trade law, trade liberalization, agricultural subsidies)?

The United Nations estimate that the number of megacities with a population of more than 10 mil-lion will triple from 20 in 2003 to 61 in 2015. In re-gard to future trends, it is estimated that 93 percent of urban growth will occur in developing nations, with 80 percent of urban growth occurring in Asia and Africa. Mega-urban societies are constantly being challenged by complex problems, leading to the emergence of new and multifaceted social, economic and political organization forms. Even without the anticipated growth, cities are facing problems with the provision of essential services such as accessible and affordable water supply and waste management leading to subsequently risks of negative health and environmental im-pacts. Consequently, water and waste footprints of cities are enormous, but also inherit a large po-tential for providing resources through recycling.

How can we reduce the water footprint of the city

run-off and the safe reuse of water in agriculture? What are the opportunities to recover scarce re-sources (e.g., phosphorus) and re-use waste

-oping and emerging countries has led to the de-velopment of vibrant informal economies around water provision and waste recycling. This raises the question how current service structures can be changed without negatively effecting people depending on these markets for their livelihoods. Can informal providers be integrated into public service delivery? And how can governability of the informal sector be increased? Financial con-

-cult, while at the same time infrastructural solu-tions such as water borne sanitation systems are questioned for their environmental and economic viability. Therefore, the following questions need to

improvements in water and waste management? Can public-private-partnerships contribute to a solution of waste and water problems? What is the role of international organizations in this con-

improvements in water and waste management a promising way?


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Strategies for Climate Engineering

Diminishing emission budgets on the one hand and increasing risks of catastrophic damages from climate change on the other hand may re-quire analyses of rapid response options such as climate engineering. Climate engineering mea-sures can basically be distinguished whether they aim at decreasing atmospheric carbon concentra-

-

Dioxide Removal (CDR), has many similarities to existing emission abatement measures. They are rather expensive and need, due to their limited

--

dress the root of the problem. The second group, called solar radiation management (SRM) consti-tutes a rather new option for the climate mitiga-tion reaction portfolio. Several of these measures have the potential to counteract anthropogenic climate change on the timescale of years with es-timated costs much lower than existing abatement measures. However, these measures on their own might have several undesirable side effects and they do not address the root of the problem be-cause atmospheric carbon concentration is only indirectly affected. Nevertheless, these measures might provide a serious risk management tool, but they might also involve severe distributional effects due to the fact that temperature reduction varies

Furthermore, these measures might undermine emission abatement efforts and are not expected to be accepted by the broad public.

What could be an optimal global research strat-egy for climate engineering? What would be the best institutional design for the research and the potential application of climate engineering? Is it possible to integrate climate engineering in the UNFCCC process? What could be a potential in-formation, communication, and involvement strat-egy for the broad public to allow a sensible and rational assessment and decision process? How can the OECD, NATO, EU, etc. deal with unilat-eral decisions about the application of climate en-gineering? How can we develop a climate change mitigation policy that takes into account all anthro-

ranging from the emission of greenhouse gases

-tion?

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Pioneering Smart Electricity Systems

In March 2011, the nuclear catastrophe of Fukushima shook existing energy preconceptions all over the world to the core. Before that date many countries with nuclear power plants sought a constant or rising share of nuclear energy in the utility mix, whereas today the future of nuclear en-ergy is unsettled. At the same time, the threat of climate change requires restrictions on the use of fossil fuels like coal for electricity generation. In the face of this double challenge, severe cuts in the global use of conventional electricity sources are regarded inevitable. The hope of policymak-ers, environmentalists and entrepreneurs rests on electricity demand management. According to this concept, electricity demand could be shifted by an external system operator, which allows for moving electricity load from peak hours to off-peak hours and for saving idle capacity. In addition, demand

from renewable sources. A precondition for elec-tricity demand management, however, is an adap-tation of the electricity grid to allow for bidirectional communication between the operator controling electricity sources and grid stability on the one hand and the electricity sinks on the other.

Bidirectional communication within a “smart grid” -

way for new players on the electricity market, in-cluding e.g. ICT companies and manufacturers of electric appliances, and a challenge for the exist-ing market structure. It requests regulation that is just as “smart” as the new electricity market.

Which concrete technical obstacles hinder the development of electricity demand management and “smart grids” that allow for bidirectional com-munication? Which investments are necessary for this purpose? Can these investments be left

-essary? How will new players on the electricity markets challenge the business models of estab-lished incumbents? How can the transition of elec-tricity markets foster increasing competition and

framework for these new markets? How can sup-pliers of electricity and “smart” appliances get the end users on board? What tariff structure could provide the appropriate incentives for private households?

Which Value Added Services of smart metering can be promoted? How can the communication structure of a “smart” electricity system be pro-tected against cyber-crime? How can data privacy concerns of consumers be met?

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With increasing societal awareness for climate and sustainability issues and prices for fossil energy sources rising, green technologies have emerged

as well as for distinctive policy-making. Previously neglected by mainstream political agendas, gov-ernments and companies, nowadays widespread initiatives can be found—mostly in resource de-pendent countries or regions such as the EU, the US, China and Japan—to foster a Green New Deal. Green technologies heavily depend on nu-merous limited mineral resources, the supply of which mainly originates in developing or emerg-ing countries. Access to these resources has thus gained strategic importance for technology busi-nesses and their respective countries: The re-cent debate about China’s quasi-monopoly in the market for Rare Earths has triggered a reorien-tation towards resource policy, so far culminating in considerations about interlinking development aid with resource contracts. Without supranational coordination and a timely combination of policies on the one hand and a shift in focus of business-

practices on the other hand, a race for mineral re-sources will evolve not only between companies but between nations as well.

-ness practices or do governments need to estab-lish an appropriate political framework? Which

the international mineral resource markets exhibit in order to ensure fair development conditions? Is the Extractive Industries Transparency Initiative

in extraction countries, taking into account the widespread detrimental effects of exploration and exploitation of resource deposits, such as envi-

What is the role of renewable energy companies in ensuring that their demand for strategic miner-als does not foster a resource curse in the export-ing countries? Are any mineral resources likely to be indispensable for sustainable development technologies? How big is the potential for sub-stitution? Are closed loop supply chains feasible across industries in order to boost resource ef-

product responsibility horizon to encompass the entire life-cycle?

Shaping a Global Resource Strategy

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Mittelstand Roundtables—Maritime IndustryRules for Safer Seaways: Challenges and Opportunities for Maritime Governance

the Maritime Industry?

Roundtables and Plenaries

Rules for Safer Seaways: Challenges and Opportunities for Maritime Governance

Safe seaways are essential for the frictionless international exchange of goods and thus for the well-being of people via trade. Safety, however, is no longer a free good. It is not only threatened by piracy but also by risks resulting from the op-eration of sub-standard vessels, by the vagaries of terrorist attacks on ports, and by uncontrolled transport of hazardous and dangerous products. Such threats call for rule-making preferably at a multilateral or even global level. The example

of the International Maritime Organization (IMO) shows that satisfactory rule-making faces barriers

-cies in enforcement. The Roundtable is expected to depart from the existing legal regime of naviga-tion and will screen it against the need to balance freedom of navigation with the task to avoid risks of cross-border damages which occur due to lack-

Economically, oceans pose the challenge of com-petitive use. On the one hand, they are production factors as a deposit of waste, medium of transport, and as the source of both renewable and exhaust-ible resources. On the other hand, they supply mankind with public goods by protecting people against extinction.

Investing into both uses, offers private and social gains. Private maritime industries cannot always internalize gains and thus may under invest into oceans to the detriment of the public authorities,

-duce privates to pay for public goods and services offered by oceans. It is for these reasons that the development of maritime industries has visibly lagged behind the economic use of land and ter-

restrial resources. With technological innovation, the exhaustion of many terrestrial resources and more public investment into maritime research, the scope for private maritime industries has im-proved over the last decades. So has the knowl-edge about the balancing of private and public maritime goods and services.

The Roundtable is expected to bring together investment strategies of the German maritime industry and the interest of the society to main-tain the potential of oceans as a source of public goods. Furthermore, the mechanism of allocating resources to producing private or public goods via pricing or governmental rules is subject of this Roundtable.

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RoundtablesNew Dimensions of Trade BarriersRethinking Energy PolicyGlobal Economic Scenarios


The topic of trade barriers impacting international trade is far from new, but recently entered new dimensions due to strong increased e-commerce activities through private individuals, combined with a growing demand for more security within all means of transport. Traditionally international trade was organized for export businesses who serve import businesses in another country, who then might distribute to private households. Exporting and importing of goods never was easy, but had its well known rules, depending on ‘im-porter of record’ or commodities and values being shipped. Terrorist acts caused a new dimension of conditions whether and how goods are allowed to

screening procedures before leaving countries, others ignore security related screening process in the upstream supply chain and require screen-ing upon arrival in country. Extensive data ex-change is requested to conclude on potential risk of goods being shipped. We are faced with tons of daily light weight, low value items for private re-cipients requiring proper documentation and data for electronic clearance systems, plus being sub-ject to additional screening efforts, all leading to increased cost which very often are above values

of shipped commodities. The traditional and also the modern commercial export-import process are not suitable for low value goods being delivered to private households. Procedures sometimes are missing and are different country by country. The traditional postal network is only offering de-livery with postmen collecting duties & taxes at the doorstep—if the recipient is at home. Looking at streams with millions of light weight and lower value packages, then such goods cannot bear cumbersome security procedures like high value goods can, or follow different rules by destination country, have unclear importing procedures and potentially no alternative delivery than duties & taxes to be collected from the receiver upon de-livery.

How can customs and security authorities and governments together with shipper associations and transport companies just as technology cre-ate a global framework for an easy, low cost and secure/risk assessed global trade for lower value goods to be easily delivered to private households with duties and taxes paid upfront in a timely pro-cess?

New Dimensions of Trade Barriers

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Rethinking Energy Policy

-cant share of nuclear based power and so do vari-ous projections for the energy sector to achieve the necessary carbon emission reductions. The

the question about the optimal share of nuclear based power to the question if we should use it at all. Many people’s knee-jerk answer is no—but in turn raises questions about climate change. Even not expected to happen from one day to the next, undamped climate change involves severe risks of catastrophic climate change which, as in the case of the disintegration of the Greenland or Antarctica Ice shields, would also affect the life of billion of people. Consequently, we face the global challenge to deal with two sorts of risks—the risk of nuclear catastrophes and the risk of climate ca-tastrophes. However, both catastrophes involve such high levels of uncertainty that it is very dif-

ethical consideration prevents discussing accept-able levels for risks related to such catastrophes.

Thinking about our future energy portfolio, we have to keep in mind that energy is not only essential for economic growth but also for poverty reduction

in developing countries. In particular emerging countries like China or India need more and more energy—which is expected to be to a large extend nuclear or fossil fuel based due to the still lower op-erational costs. In particular coal is still available in abundance and there is no chance that fossil fuel scarcity will resolve the climate change problem by itself. Facing these challenges, we need now a profound discussion about our new energy strat-egy. Central pillars for the discussion are:

Should nuclear power based energy remain in the future energy portfolio? Should gas as it is the fossil energy carrier with the lowest emission rate play an important role? Could there be a renais-sance of using coal for energy while related car-bon emissions are captured and stored? And if so, do we have enough storing facilities? Will there be a global boom of renewable energy provision? Do we have to accept climate change or are there other ways to deal with climate change than con-trolling carbon emissions? How do we achieve a societal broad consensus about the energy mix—with respect to the disliked risks related to nuclear, climate change, CCS but also high energy bills?

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Global Economic Scenarios

The session offers a platform for global economic scenarios that address a forecasting horizon from 5 up to 10 years. The objective is to identify pos-sible upward and downward risks for the world economy and the implications for economic policy. The conceptual design of the workshop and its un-derlying time frame is twofold:

(1) The forecasting period is short enough to make sure that the current economic situation (with all its fuzzy and even contradictory symp-

-ios. Existing distortions (disequilibria) do not fade out in a theoretical long run. The focus is not on discussing alternative equilibria but on developing plausible adjustment paths in the foreseeable fu-ture.

(2) The forecasting horizon is large enough to allow for non-cyclical factors (including political

predicted period. These fundamentals add up to the adjustment processes resulting from existing cyclical tensions.

area is analyzed by making use of scenario tech-

niques. Starting from a baseline scenario, the im-pact of different settings for major driving factors (varying assumptions, alternative political deci-sions, etc.) on key outcomes like economic growth

different institutions and a broad variety of under-lying analytic skills together contributes to the ro-bustness of the results. A large part of the session is devoted to discuss the set of driving factors that are expected to have the most important impact within the projected period.

-ic scenarios, along with their underlying drivers. The formal aspects of modeling and simulation

(e.g., key characteristics of the underlying scenario types, interaction of subjective expert knowledge and econometrics, quality standards and evalua-tion of medium-term scenarios and so on).

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PlenariesTransformational Insights into Global Problem-SolvingHolistic Approaches to Future Challenges


Transformational Insights into Global Problem-Solving

presentations, followed by a discussion by the pan-el of presenters and questions from the audience. Each presenter is an eminent leader from academia, politics, business or civil society. The plenary is moderated by a well known opinion leader.

Each presentation consists of a concise, novel

with a path-breaking solution proposal. The pre-sentation is meant to be a transformational insight into global problem-solving. It is meant to call for concrete steps towards addressing a major global

challenge and inspire decision-makers to act ac-cordingly. Both the text and visual display will be communicated widely in the aftermath of the GES.

minute discussion and debate on these ideas fol-lows, conducted by the panel of presenters.

The plenary concludes with 10 minutes of ques-tions and answers with the audience.

Holistic Approaches to Future Challenges

There is widespread agreement that many of the most important global challenges are intercon-nected. Examples include the climate-energy-resource nexus; the poverty-food-water-energy nexus; the interconnection between private and public debt, macroeconomic stabilization policy and growth; the interconnection between pension, health and employment systems; and much more. How are the interconnections among global prob-lems to be addressed—economically, socially and politically? What holistic forms of governance are required to deal with these interconnections? In this increasingly multi-polar world, to what degree should we rely on “hard governance” (institutions, laws and regulations) versus “soft governance”

(shared incentives and shared visions)? What is the trajectory of feasible steps whereby these problems could realistically be tackled? What are practical examples of such steps?

The plenary seeks to avoid thinking in disciplinary silos. Instead, emphasis will be given to holistic thinking, taking interrelations among individual global problems into account. The plenary also aims to address the need for “holistic policy mak-ing,” which spans the political silos of ministries and departments of governments and internation-al organizations.

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Banerji, Shumeet CEO, Booz & CompanyBulcke, Paul CEO, Nestlé SABürkner, Hans-Paul President and CEO, The Boston Consulting GroupBukhari, Nasir Ali Shah Chairman, KASB GroupConteh, Alieu Chairman of the Board, African WirelessGopalakrishnan, Kris CEO and Managing Director, InfoSys TechnologiesHaley, John J. Chairman of the Board and CEO, Towers WatsonKotil, Temel President and CEO, Turkish AirlinesLiu, Olin Executive Director of Research Department, China International Capital

CorporationMack, Michael CEO, Syngenta InternationalMaira, Arun Member of the Planning Commission, Government of IndiaObermann, René CEO, Deutsche Telekom AGQuintella, Sérgio F. Member of the Board of Directors, Petrobras

Chairman and Executive Board Member, AkbankSalinas, Carlos C. Chairman and CEO, Philippine Transmarine Carriers (PTC) Group of

CompaniesSchwenker, Burkhard CEO, Roland Berger Strategy ConsultansTeyssen, Johannes CEO, E.ON AGZou, Changzheng President, Baosteel Europe; Chief Representative of Europe, Africa, Middle-

East Region, Baosteel Group

Business

Politics

Almunia, Joaquín Commissioner for Competition, European CommissionAl Qasimi, Sheikha Lubna Minister of Foreign Trade, United Arab EmiratesBabacan, Ali Deputy Prime Minister and Minister of State, Republic of Turkey

Governor, Central Bank of the Republic of TurkeyBorg, Anders Minister of Finance, SwedenCheng, Siwei President, The Association for Soft Science Studies of China, Research Centre

on Fictitious Economy and Data ScienceMinister of Labor and Social Security, Republic of TurkeyPrime Minister, Republic of Turkey

Ezin, H.E. Jean-Pierre Commissioner for Human Resources, Science and Technology, African Union Commission

Gül, Abdullah President, Republic of TurkeyLeterme, Yves Prime Minister, BelgiumManuel, Trevor Minister in the Presidency, National Planning Commission, South Africa

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Agyeman-Rawlings, H.E. Nana Konadu

Former First Lady of Ghana and President of the 31st December Women’s Movement

Brown, Lester Founder and President, Earth Policy InstituteDe Geus, Aart Deputy Secretary-General, OECDGhani, Ashraf Co-Founder, The Institute for State EffectivenessGithongo, John Vice President, Policy & Advocacy, World Vision InternationalLeape, James P. Director General, WWFLiswood, Laura Secretary-General, Council of Women World Leaders; Senior Advisor,

Goldman SachsMirow, Thomas President, European Bank for Reconstruction and DevelopmentNatividad, Irene President, Global Summit of WomenRoy, Sanjit Bunker Founder, Barefoot College

Akerlof, George A. Nobel Laureate; Professor of Economics, University of California, BerkeleyBaldwin, Richard E. Professor of International Economics, Graduate Institute of International

and Development Studies, GenevaBuiter, Willem Professor of European Political Economy, LSECollier, Paul Professor of Economics, University of OxfordDeutch, John M. Professor of Chemistry, MIT; Former Director of CIAErnst, Richard Nobel Laureate; Swiss Federal Institute of Technology, ZurichGuidotti, Pablo E. Professor at the School of Government and Member of the Board of

Directors, Universidad Torcuato di Tella, Argentina


Academia

Politics

Mwencha, H.E. Erastus J.O. Deputy Chairperson, African Union CommissionNgilu, Charity Kaluki Minister of Water and Irrigation, KenyaPanitchpakdi, Supachai Secretary-General, UNCTADQureshi, Batool I. Federal Secretary, The Ministry of Women Development, PakistanRawlings, H.E. Jerry John Former President of the Republic of GhanaSanusi, Sanusi Lamido Governor, Central Bank of Nigeria

Minister of Finance, Republic of TurkeyStark, Jürgen Member of the Executive Board, European Central BankWainwright, Robert Director, EuropolWeber, Axel President, Central Bank of Germany

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Krueger, Anne O. Professor of International Economics, SAIS, Johns Hopkins University; Senior Fellow, Stanford Center for International Development

Lindbeck, Assar Professor of International Economics, Stockholm UniversityMaskin, Eric Stark Nobel Laureate; Professor, Institute for Advanced StudyMcFadden, Daniel L. Nobel Laureate, Professor of Economics, University of California, BerkeleyMundell, Robert Nobel Laureate, Professor of Economics, Columbia UniversityPhelps, Edmund S. Nobel Laureate; Professor of Political Economy, Columbia UniversityShiller, Robert Professor of Economics, Yale UniversitySpence, Michael Nobel Laureate; Chairman, Commission on Growth and Development

Alkin, Kerem Economy Director, Bloomberg HTCabrini, Andrea Director, ClassCNBCCarr, Edward Business Affairs Editor, The EconomistCloete, Kim Journalist and ProducerCurry, Declan Business Anchor, BBC NewsCzymoch, Conny Anchor and Journalist, Phoenix TVDatta, Saugato Economics Correspondent, The EconomistGlenny, Misha Journalist and AuthorHarvey, Fiona Environment Correspondent, Financial TimesMüller, Henrik Deputy Editor in Chief, Manager MagazinMunchau, Wolfgang Co-Founder and President, Eurointelligence; Associate Editor, Financial

TimesRoy, Prannoy President, New Delhi Television

Media

Academia

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Advisory Board

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Akerlof, George A. Nobel Laureate; Professor of Economics, University of California, BerkeleyBlanchard, Olivier Chief Economist, IMFErnst, Richard Nobel Laureate; Swiss Federal Institute of Technology, ZurichFeldstein, Martin Professor of Economics, Harvard UniversityFreeman, Richard Professor of Economics, Harvard UniversityGuidotti, Pablo Professor at the School of Government and Member of the Board of Directors,

Universidad Torcuato di Tella, ArgentinaHeckman, James Nobel Laureate; Professor of Economics, University of ChicagoKrueger, Anne O. Professor of International Economics, SAIS, Johns Hopkins University; Senior

Fellow, Stanford Center for International DevelopmentLazear, Edward Professor of Human Resources Management and Economics, Graduate

School of Business, Stanford UniversityLindbeck, Assar Professor of International Economics, Stockholm UniversityMcFadden, Daniel L. Nobel Laureate; Professor of Economics, University of California, BerkeleyNaim, Moises Editor-in-Chief, Foreign Policy MagazinePortes, Richard Professor of Economics, London Business SchoolRajan, Raghuram G. Professor of Finance, University of ChicagoRogoff, Kenneth Professor of Economics, Harvard UniversitySimonsen Leal, Carlos Ivan President, Getulio Vargas FoundationSpence, Michael A. Nobel Laureate; Chairman, Commission on Growth and DevelopmentVictor, David G. Adjunct Senior Fellow for Science and Technology, Council on Foreign

Relations, StanfordYu, Yongding Director, Institute for World Economics and Politics, Beijing

Honorary ChairpersonSchmidt, Helmut Former Chancellor, Federal Republic of Germany

MembersAhluwalia, Montek Singh Deputy Chairman, Planning Commission, IndiaAlmunia, Joaquín European Commissioner for Economic and Monetary Affairs, European

CommissionAl Qasimi, Sheikha Lubna Minister of Foreign Trade, UAEArthur, Sir Michael Ambassador to Germany, Embassy of Great Britain

Governor, Central Bank of TurkeyBorg, Anders Minister of Finance, SwedenCabral, Antonio José Senior Advisor to the President, European CommissionLiikanen, Erkki Governor, Bank of Finland

Minister of Finance, Republic of Turkey

Academia

Politics

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Advisory Board

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Torry, Sir Peter Former Ambassador to Germany, Embassy of the United KingdomTurhan, Ibrahim Deputy Governor, Central Bank of TurkeyVisco, Ignazio Deputy Director General and Member of the Governing Board, Central Bank

of ItalyWeber, Axel President, Central Bank of GermanyYamaguchi, Yukata Former Deputy Governor, Central Bank of Japan

Cotis, Jean-Philippe Lead Director General, National Institute for Statistics and Economic StudiesDe Geus, Aart Deputy Secretary-General, OECDEl-Baradei, Mohamed Former Director General, IAEAPachauri, Rajendra K. Nobel Laureate; Chairman, Intergovernmental Panel on Climate Change;

Director General, The Energy and Resources Institute, New DelhiPanitchpakdi, Supachai Secretary-General, UNCTADThielen, Gunter Chairman and CEO, Bertelsmann Stiftung

Business


Politics

Banerji, Shumeet CEO, Booz & CompanyBrowne, Lord John Managing Director and Managing Partner (Europe), Riverstone HoldingsBürkner, Hans-Paul President and CEO, The Boston Consulting GroupCleary, Sean Chairman, Strategic Concepts (Pty) LtdEvans, Richard CEO (retd.), Alcan Inc and Rio Tinto AlcanFeldmann, John Member of the Board of Executive Directors, BASFFrenkel, Jacob A. Chairman, Group of Thirty; Chairman, J.P.Morgan Chase InternationalFrost, David Director General, British Chambers of CommerceHaley, John J. Chairman of the Board and CEO, Towers WatsonHatzius, Jan Chief Economist, Goldman SachsMittal, Sunil Bharti Chairman and Group CEO, Bharti EnterprisesObermann, René CEO, Deutsche TelekomRegling, Klaus CEO, European Financial Stabilization FundSchwartz, Rodney CEO, ClearlySoWalter, Norbert Managing Director, Walter & Daughters ConsultZemlin, Jim Executive Director, Linux Foundation

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Global Economic Symposium - Startseite | ZBW › ges_challenge › ges_2011_preview.pdf · 2011-07-04 · GES 2011 Preview Content – 2 – Introduction The Global Economic Symposium