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April 2013

 

Create an anti-corruption culture instead of eliminating 500 euros bills

April 30, 2013

Fighting Corruption in Developing CountriesA study by Merrill Lynch suggests to take the 500 euros bill out of circulation in order to fight corruption. This would not solve the problem of corruption, GES-experts say. Instead, coalitions against corruption need to be built. This includes empowering civil society, creating an anti-corruption culture and creating governance structures that work.

Read more about solution for "Fighting Corruption in Developing Countries"

 


 

Price Stability must remain ECB’s primary goal

April 29, 2013

The Future of Central Banking

The European Central Bank is expected to cut its main interest rate by another 0.25% this week, creating a higher risk of inflation. For GES-experts, delivering price stability must remain the ECB’s primary goal. A policy of extremely low interest rates should remain a temporary measure.


Read more about a "Solution for The Future of Central Banking: Inflation Targeting versus Financial Stability"

 


 

See how GES solutions can be implemented:
Measures by the Israeli Government to use recycled water for irrigation

 

April 25, 2013

Measures by the Israeli Government to use recycled water for irrigation“Water Scarcity and Virtual Water Trade” have been discussed at the Global Economic Symposium. "Governments should foster water recycling, value-oriented water reuse and enforce quality standards" is one result. This solution has been implemented:

 

The Implementation: "Measures by the Israeli Government to use recycled water for irrigation"

According to Prof. Yacov Tsur, Professor and Head of the Department of Agricultural Economics and Management at The Hebrew University of Jerusalem, "water reuse and recycling has been implemented in Israel for quite some time. Treated (recycled) water is now the main source of irrigation water in Israel, ...

Read more about the Measures by the Israeli Government

 


 

GES Speaker 2013: We welcome Tanja Gönner

April 24, 2013

Tanja Gönner

Tanja Gönner, Spokesperson of the Board, Gesellschaft für Internationale Zusammenarbeit (GIZ), will join the Global Economic Symposium 2013. She will speak in the Session on “Development Policies for the New Bottom Billion”.

 

 

 

 


 

Solutions on "Mental Training towards a Caring Economy"

April 24, 2013

Check out our solutions on "Mental Training towards a Caring Economy" generated by the GES 2012 in Rio de Janeiro.

Mental Training towards a Caring Economy- Make mental training facilities widely....
- Provide mindfulness and compassion training...
- Make mindfulness and compassion training available ...
- Encourage business enterprises to establish...
- Make mindfulness and compassion training...



 

GES 2013 - Preparing the Intergenerational Dialogue

April 23, 2013

School Project

Students from 7 local schools will work on solutions to GES challenges and discuss these with the decision-makers of the GES 2013. Will the GESolutions lead to a world in which they would want to live in?

 

 


 

Hoeness tax case: Why we need a tax cut

April 23, 2013

Uli Hoeness, boss of the German soccer champion Bayern Munich, turned out to be a tax dodger: He filed an amended tax return admitting that he avoided paying taxes by means of a Swiss bank account. The consequence arising out of the Hoeness case should be an easier system of taxation and lower tax rates in Germany. With today's tax system it is quite understandable that some people try to hide their money from the authorities. - Read more in our Blog-Post and get involved!

 


 

See how GES solutions can be implemented:
Program to support entrepreneurs of Moroccan origin in Europe in setting up sustainable economic activities in Morocco

April 18, 2013

Programme to support entrepreneurs of Moroccan origin in Europe“Fighting against Poverty in the Crisis Aftermath” have been discussed at the Global Economic Symposium. Promote “circular migration” by providing re-entry visas for migrants on renewable short-term contracts, is one result. This solution has been implemented:

 

The Implementation: Program to support entrepreneurs of Moroccan origin in Europe in setting up sustainable economic activities in Morocco

As more countries in North Africa fight their way to democracy, the demands on the EU for better cooperation will increase. "Circular migration", an idea discussed at the Global Economic Symposium 2009 in Plön might be useful here.

Read more about this.

 


 

Solutions on "Security in the Face of Globalization"

April 17, 2013

Security in the Face of Globalization

Check out our solutions on "Security in the Face of Globalization" generated by the GES 2012 in Rio de Janeiro.

- Agree a "Maastricht Treaty on Crime...
- Military and other public safety...
- Implement a global tracking system...

 

 


 

Boston Marathon Bombings: Emphasize state's capacity to protect citizens

April 16, 2013

Dealing with TerrorismTwo bombs have exploded at the finish line of the Boston Marathon. It is not yet clear who committed the attack. Terrorist attacks are usually intended to show that the government cannot protect the citizens. In dealing with terrorism, the state´s capacity to protect the public should be emphasized, GES-experts say.

Read more about GES Solution for Dealing with Terrorism

 


 

GES-experts: Enforce quota laws for better board diversity

April 15, 2013

Implementing Board DiversityPoliticians in Germany are currently debating whether the country should introduce a gender quota to increase the number of women in supervisory boards to 40%. The Parliament is expected to vote on a quota law at the end of next week. Quota laws should be widely used and enforced, GES-experts suggest. In countries where hard quota laws are not accepted, greater transparency on voluntary targets should be encouraged.

Read more about GES Solutions for Board Diversity and Corporate Governance

 


 

Korea crisis: Consider Security Concerns of North Korea

April 12, 2013

Identifying and Preventing Future Security Threats

UN Secretary-General Ban Ki-moon has warned the crisis on the Korean peninsula may become "uncontrollable". GES-experts suggest to revive arms control negotiations with the aim of achieving global nuclear zero.

The security concerns of states that seek to acquire nuclear weapons, such as North Korea, should be considered.

Read more about "Identifying and Preventing Future Security Threats"

 


 

Solutions on "The Future of Central Banking"

April 11, 2013

GES 2012: The Future of Central Banking

Check out our solutions on "The Future of Central Banking: Inflation Targeting versus Financial Stability" generated by the GES 2012 in Rio de Janeiro.

- Central banks should adopt “default...
- Create a World Monetary Authority...
- Delivering price stability must remain...

 


 

See how GES solutions can be implemented:
Contingent convertibles bonds (Coco)

April 11, 2013

Contingent convertibles bonds “Balancing Risk Taking and Financial Regulation” have been discussed at the Global Economic Symposium. "Consider the creation of “solvency-convertible debt” for systemically relevant financial institutions, ensuring that if such institutions become insolvent, their debt would automatically be converted into equity, on predetermined terms" is one result. This solution has been implemented:

The Implementation: Contingent convertibles bonds

Lloyds are doing it, Rabobank and Credit Suisse too: in the past few months, they have all issued contingent convertibles or CoCos for short. Also known as mandatory convertible bonds, CoCos are becoming a preferred instrument with which the central banks seek to improve the equity situation in the banking sector.

Read more about "Contingent convertibles bonds"

 


 

No return to national currencies in Europe

April 9, 2013

Fiscal Consolidation through Fiscal RulesA new political party in Germany named “Alternative for Germany” promotes the return to national currencies in Europe and the dissolution of the eurozone. This would cause great damage to the European economy. Instead, the Euro can be saved by establishing a credible fiscal in each eurozone country, GES-experts say. A fiscal rule defines a long-term target for the debt-to-GDP ratio, but allows short-term action for growth incentives during times of recession.

Read more

 


 

Europe's valuable Resource

April 4, 2013

Official GES BlogThe euro zone finds itself in an ongoing crisis, but yet it doesn't use one of its most valuable resources: The skills of its elderly population. Instead, most governments force people to be retired for over a quarter of their lifetimes. Abolishing the mandatory retirement age would raise the average per capita income and generate tax revenue that governments could use to repay their debts. Professor Dennis Snower, the President of the Kiel Institute, explains in his Blog-Post, how this could be achieved. Read it and get involved!

 


 

Better arms control – less terrorism

April 2, 2013

Dealing with TerrorismThe UN General Assembly is expected to vote on the first UN treaty to regulate the global arms trade today. We need initiate a comprehensive international initiative to prevent weapons falling into terrorist hands.

Read more about "Dealing with Terrorism"

 

 


 

World Water Day: Preparing for a Blue Revolution

March 22, 2013

World Water DayAccess to clean water for drinking and sanitation is a fundamental human right that must be protected. Today's World Water Day should focus attention on the importance of freshwater and advocate for the sustainable management of freshwater resources. We need to rethink the way we use water in our daily lives. What exactly can we do? Read our Blog-Post and get involved!

 


Media Kit

Find updated information and materials concerning the Global Economic Symposium in the media kit.

Contact

For additional information or if you have any questions, please feel free to contact us:

Kathrin Kupke