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August 10, 2010 How to Combat the International Debt Crisis

Global Economic Symposium Session Preview No. 1

 

The international financial crisis has caused national debt crises. The drastic increase in public debt will make it difficult to use expansive financial policy to combat future crises. At the same time, the public debt has increased especially drastically in countries with aging populations.

How will these crises affect world economic development? Is there a global strategy to combat these crises? How can the burden of financial consolidation be distributed fairly throughout a society? These are the kinds of questions that the Global Economic Symposium, which is being held by the Kiel Institute for World Economics (IfW) and the German National Library of Economics (ZBW) in Istanbul in late September, will attempt to answer.

One possible answer that is already beginning to take shape on the web forum of the Global Economic Symposium, where experts can already discuss the topics to be dealt with at the symposium, is that public spending needs to be reduced and expansive economic policy needs to be limited if there is to be continual growth and low inflation rates.

The Kiel Institute and the German National Library of Economics would like to invite you to attend the symposium.


About the Global Economic Symposium

Istanbul will be turned in a think tank on September 28-29. More than 400 high-ranking experts from business, academia, government, and society will meet in Istanbul for the Global Economic Symposium (GES). The GES, which is being held by the Kiel Institute for World Economics (IfW) and the German National Library of Economics (ZBW), is being held for the third time, and for the first time outside of Germany. Among the expected participants are Hans-Paul Bürkner (president und CEO of the Boston Consulting Group), George Papaconstantinou (Greek minister of finance), Mehmet Şimşek (Turkish minister of finance), James P. Leape (WWF director), and the Nobel laureates in Economics James J. Heckman (University of Chicago), Eric S. Maskin (School of Social Science, Princeton), and Edmund Phelps (Columbia University).

The Kiel Institute’s media agency will be happy to receive your media-accreditation:

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