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October 18, 2012

Daily Recap October 17 – Global Economic Symposium 2012

‘Shared Societies’, Environmental Sustainability and the Renewal of Democracy – Wim Kok at the GES in Rio, Wednesday, October 17, 2012

The former Dutch prime minister and current president of the Club de Madrid Wim Kok delivered the plenary address at the start of the second day of the GES in Rio. He focused on three related issues: access to energy and climate change; inclusion and social cohesion; and democracy. His key remarks were:

     

    Daily Recap October 17

     


    October 18, 2012

    Closing Plenary: Top Five Most Popular Solutions at the Global Economic Symposium 2012

    1. Offer ‘compassion training’ to pre-school classes to encourage pro-social be-haviour
    2. Reward and sanction teachers on the basis of fair, objective and comprehensive metrics
    3. Base fiscal rules on operational targets for budget deficits and long-term debt-to-GDP targets

     

    Closing Plenary

     


    October 18, 2012

    Reassessing Renewable Energies

    In the session “Reassessing Renewable Energies” of the Global Economic Symposium (GES) in Rio de Janeiro the panelists agreed on these solutions:

    Renewable energy has to be seen in a broader context than just climate change. There are many associated benefits that renewable energy can bring about, such as reducing air pollution in developing countries. The ecosystem as a whole has to be looked at – “climate is critical, but not the totality.”

    Reassessing Renewable Energies

     


    October 17, 2012

    Daily Recap October 16 – Global Economic Symposium 2012

    The session “Promoting Food Security – The Contribution of Climate-Smart Agriculture” at the Global Economic Symposium (GES) in Rio de Janeiro dealt with the challenges to meet the world’s food demand in the future in view of growing world population and changing lifestyles and consumption patterns.

    The session “Favelas—A Global Challenge and Opportunity” made clear: People living in favelas have to be empowered – and one needs to help them to do so. Housing solutions fail if they are top-down, designed in an office. In those cases, they do not fit the needs of the population, for example, their social capital, closeness to schools, etc. especially in case of relocation. Self-determination and choice of where and how to live are important. Residents’ associations can help to promote the needs of the residents with the city. Governments should promote these organisations.

    Daily Recap October 16

     


    October 17, 2012

    Vast Agreement on Fiscal Rules – Spending Growth should be Limited

    Fiscal rules are important to achieve fiscal consolidation because they are self-disciplinary and induce a cost of breaking them. That was the main agreement between the panelists of the session “Fiscal Consolidation through Fiscal Rules?” at this year’s Global Economic Symposium (GES) in Rio de Janeiro. Additionally it was stated that those rules should have a constitutional rank and that governments should be monitored on a regular basis.

    Vast Agreement on Fiscal Rules

     


    October 17, 2012

    The Future of Central Banking: Inflation Targeting versus Financial Stability

    In the session “The Future of Central Banking: Inflation Targeting versus Financial Stability” of the Global Economic Symposium (GES) in Rio der Janeiro the panellists agreed on certain tasks for central banks in the future:

    The Future of Central Banking: Inflation Targeting versus Financial Stability

     


    October 17, 2012

    Fighting Chronic Problems in Europe’s Youth Labour Markets

    In the session “Tackling Youth Unemployment“ at the Global Economic Symposium (GES) in Rio de Janeiro Professor Juan Dolado, Universi¬ty Carlos III de Madrid, one of most highly regarded labour market economists in the world, presented evidence towards solutions involving vocational education, appren¬ticeships and work contracts.

    Fighting Chronic Problems in Europe’s Youth Labour Markets

     


    October 16, 2012

    Global Economic Symposium 2012 Began

    The fifth Global Economic Symposium (GES) began with an opening ceremony and reception at the Real Astoria Hotel, Rio de Janeiro, Brazil, on Monday evening. During the next two days, more than 600 high ranking businesspeople, policymakers, scholars, and civil society representatives from five continents and many countries who have registered to attend the GES 2012 at the Hotel Windsor Atlantica in Rio will seek to find solutions to urgent global problems.

    Global Economic Symposium 2012 Began

     


    October 15, 2012

    Rio de Janeiro welcomes the international symposium to debate global problems

    Recognized as one of the major worldwide meeting, the Global Economic Symposium (GES) will take place for the first time in Brazil, on October 16th and 17th.

    Rio de Janeiro, October 15th, 2012 – Brazil gets ready in order to become the center of the worldwide economical debate in October and, for the first time in Brazil, GES 2012 will be the meeting point of international leaders of the academic and governmental sectors, and of civil and corporate societies in order to create new paths for the economy.

    Rio de Janeiro welcomes the international symposium to debate global problems

     


    October 12, 2012

    Exploring Energy Resource in the Arctic Ocean

    Globalisation has changed crime, and in turn it has changed public security needs. Whether it's terrorism or cyber crime, international drug trafficking or urban violence, crime has become a complex and multi-faceted issue. The current system for fighting crime, crime prevention and justice has not been able to keep up with these develop-ments and is incapable of providing protection against the new global threats.

    Exploring Energy Resource in the Arctic Ocean

     


    October 10, 2012

    Globalised crime needs global answers

    Globalisation has changed crime, and in turn it has changed public security needs. Whether it's terrorism or cyber crime, international drug trafficking or urban violence, crime has become a complex and multi-faceted issue. The current system for fighting crime, crime prevention and justice has not been able to keep up with these develop-ments and is incapable of providing protection against the new global threats.

    Globalised crime needs global answers

     


    October 8, 2012

    Better Job Opportunities for Older People

    Whether it is America, Europe or China, the social trend is clear: People are living longer and having fewer and fewer children. This demographic change presents several pressing problems: Low economic growth, financial problems for social welfare systems, and a shortage of skilled workers are all examples but there are also distribution conflicts between the young and old. In recent years, there have been various political efforts to try and get a grip on the problem: Better promotion of work and family compatibility, immigration of qualified workers and an increase of the retirement age are just some of these.

    Better Job Opportunities for Older People

     


    October 5, 2012

    The Fight against Youth Unemployment

    The steep increase in the national debts of many countries requires considerable efforts to consolidate budgets. Fiscal rules are considered an important element of a successful strategy for consolidation as they limit the political scope and ensure that the financial markets can rely on the consolidation process. The trust of market participants thus created is elementary for the success of debt reduction.

    The Fight against Youth Unemployment

     


    October 4, 2012

    How Social Media is Changing the World

    The steep increase in the national debts of many countries requires considerable efforts to consolidate budgets. Fiscal rules are considered an important element of a successful strategy for consolidation as they limit the political scope and ensure that the financial markets can rely on the consolidation process. The trust of market participants thus created is elementary for the success of debt reduction.

    How social media is changing the world

     


    October 2, 2012

    Fiscal Rules as Means to Consolidate Budgets

    The steep increase in the national debts of many countries requires considerable efforts to consolidate budgets. Fiscal rules are considered an important element of a successful strategy for consolidation as they limit the political scope and ensure that the financial markets can rely on the consolidation process. The trust of market participants thus created is elementary for the success of debt reduction.

    Fiscal Rules as Means to Consolidate Budgets

     


    October 2, 2012

    Central Banks in the Field of Tension Between Fighting Inflation and Financial Stability

    The financial crisis of the years 2008 and 2009 has thrown the hitherto applicable monetary policy consensus of the central banks into disarray. Until the start of the crisis, the joint objective was fighting inflation with a flexible outlook, now their monetary policy has been extended to create financial stability. And this can mean a conflict of objectives.

    Central Banks in the Field of Tension Between Fighting Inflation and Financial Stability

     


    August 30, 2012

    Next Stop Rio de Janeiro: The Global Economic Symposium Is Moving to Brazil This Year

    We would like to invite all media representatives to attend this year’s Global Economic Symposium (GES), which will be held under the title of “Growth through Education and Innovation” in Rio de Janeiro, Brazil, from October 16–17.

    Next Stop Rio de Janeiro: The Global Economic Symposium Is Moving to Brazil This Year

     


    August 13, 2012

    New priorities for aid to Pakistan

    Pakistan’s two most critical problems are feckless leaders and a feeble state, according to this report on what foreign assistance should contribute to getting the country’s political economy moving in the right direction. The report summarises the thinking of a working group of leading Pakistani development professionals and outside experts, brought together by the Global Economic Symposium (GES) to discuss priorities for Western aid.

    New priorities for aid to Pakistan

     


    August 06, 2012

    Getting more women on coporate boards

    Despite years of progress in education and the workplace, women remain woefully underrepresented on the boards of companies around the world. The new GES Solutions Brief: “Board Diversity and Corporate Governance” – prepared in collaboration with the Global Summit of Women and the Corporate Women Directors International – summarizes some of the best ideas for encouraging things to change: to end the predominance of male directors and achieve true board diversity.

    Getting more women on coporate boards

     


    June 27, 2012

    Euro Zone: Debt Reduction Requires Cutting Spending

    Gütersloh, Kiel. The countries in the euro zone that are suffering from a debt crisis need to make it their top priority to cut public spending. To prevent demand from dropping drastically as a result of cutting spending, they need to take economic measures to become more competitive internationally.

    Euro Zone: Debt Reduction Requires Cutting Spending

     


    June 20, 2012

    Experts at the Veolia Summit Call for Greater Cooperation between the Public and Private Sectors

    At this year’s Veolia Summit, which is held annually together with the Kiel Institute for the World Economy, economic experts called for greater cooperation between the public and private sectors. Günter Verheugen, former EU commissioner for industry and vice president of the EU Commission, Dennis Snower, president of the Kiel Institute, Johann Eekhoff, former undersecretary and director of the Institut für Wirtschaftspolitik an der Universität zu Köln, and Thorsten Grenz, CEO of Veolia Umweltservice GmbH, discussed the summit’s topic “Partner, Competitor, or Monopolist? How Much Government Is Good for the Citizen?” Claudia Kleinert, of German television, moderated the discussion.


    Experts at the Veolia Summit Call for Greater Cooperation between the Public and Private Sectors

     



    June 13, 2012

    How Much Government Is Good for the Citizen? The Kiel Week Veolia Summit

    Last year, the Veolia Summit, which is held annually together with the Kiel Institute for the World Economy during the Kiel Week, was about resources. This year, it will be about the role of government in providing services to its citizens. It will be held under the title “Partner, Competitor, or Monopolist?” on June 20.


    How Much Government Is Good for the Citizen? The Kiel Week Veolia Summit

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