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October 2013

US Budget and Debt-Ceiling Impasse: Three Scenarios for the World Economy

October 17, 2013

GES Blog: US Budget and Debt-Ceiling Impasse

The United States have entered a critical week for resolving the budget and debt-ceiling impasse. There are three possible scenarios of what might happen.

Read more about "US Budget and Debt-Ceiling Impasse: Three Scenarios for the World Economy"

Please note: this blog article reflects the author's opinion only.

 


 

Thanks for being part of the quest for solutions!

October 3, 2013

GES 2013 Images

The GES 2013 is over.

Let's keep it up on our online platforms and prepare for GES 2014. The GES 2014 will take place in Malaysia!

Watch some photo impressions of the GES or some of our sessions on youtube!

 


 

Interview with GES Speakers - Watch on youtube!

October 2, 2013

 

Sahol Hamid Abu Bakar Phillipe Bourguignon Carlos Braga John Bryant Hans Paul Bürkner
 Luis Cantarell Mustafa Ceric Nancy Chen Victor Chu Reinhard Cordes
Chris Crozier Conny Czymoch Yvo de Boer Aart De Geus Jacob Frenkel
Ted Fishman Daniel Gonzales Anthony Hodge Harold James William Janeway
Edward Jung Wim Kok George Lakoff Jean-Pierre Lehmann Fritz Lietsch
Kunzang Lhamu Arun Maira Samantha Morshed Thomas Mirow Chandran Nair
Irene Natividad Demetrios Papademetriou Cornelius Pietzner Thierry Philipponnat William Rhodes
Geoff Riddell Max Schoen Rodney Schwartz Nemat Shafik Andrew Sheng
Awraham Soetendorp David Tuckett Ibrahim Turhan Barbara Unmüßig Yu Yongding
Tenke Zoltani

 

Discussed Solutions on "Empowering Workforce: 4-Generations Demography Management"

October 3, 2013

Empowering Workforce: 4-Generations Demography Management 1. Tackle the scandal of high levels of youth unemployment in Europe
2. Companies should adopt a less mechanical and more organic approach to human resources management
3. Lifelong learning should be at the heart of corporate culture
4. Big companies should provide training and apprenticeships for more people than they expect to need in the future
5. Forget about thinking in terms of generations within the workforce (or indeed any other form of classification) and treat people as individuals

Read more about Solutions on "Empowering Workforce: 4-Generations Demography Management"


 

Discussed Solutions on "Innovation, Dynamism and Entrepreneurship"

October 3, 2013

Innovation, Dynamism and Entrepreneurship 1. Recognise the key role that activist governments can and do play in encouraging innovation
2. Recognise that innovation is typically disruptive, often emerging from trial and error, repeated failure and financial speculation
3. Tackle youth unemployment and promote youth entrepreneurship through education and active labour market policies
4. Provide access to financial literacy so everyone has the opportunity to be an entrepreneur

Read more about Solutions on Innovation, Dynamism and Entrepreneurship


 

Governing the World’s Oceans

October 2, 2013

Governing the World’s OceansFishing in the high seas was identified as one of the main problems. José Maria Figueres Olsen, president of Carbon War Room, asked: “Why don’t we have the guts to declare the high seas as complete reserve?” Additionally fishing in this area isn’t profitable without subsidies. Figueres added: “Subsidies are the biggest enemy of the high seas. Politicians (in the EU) cannot stand the pressure of the private sector, which is demanding subsidies.”

Read more about governing the worlds oceans


 

The New Economy of Nature

October 2, 2013

The New Economy of NatureCan nature be turned into a tradable asset? Putting a price on nature would be an important measure for policy-making, experts concluded at GES 2013 in Kiel.

„The current western consumption model is not compatible to avoiding climate change“, said Jutta Kill, Climate and Foresting Campaigner. Barbara Unmüßig, President of the Heinrich Böll Foundation, added: We use nature because it's valuable, but we lose it because it's free.“ Resorces should be used in a much more efficient way.

Read more about the new economy of nature


 

Get prepared for the next sessions and download our visualizations:

October 2, 2013

Visualization Challenge

- Social Norms and Moral Principles to Reduce Poverty and Improve Equity

- The New Economy of Nature

- Governance for Sustainable Development



 

Designing a Stable Euroland - The Corporate Perspective: Entrepreneurs criticize the Euro

October 2, 2013

"The Euro does not unite Europe. It is separating Europe and the Euro zone", said Peter Jungen, chariman of the Peter Jungen Holding at GES 2013 in Kiel. The only option would be to return to the criteria defined in the Maastricht treaty. "Members that can't meet the criteria should leave the club. Greece will never make it", Jungen said.

Read more about designing a Stable Euroland


 

The future of Central Banking: The threat of the next bubble

October 2, 2013

GES-experts are warning of the next bubble on the horizon. "Fiscal authorities in the US and Europe did not take the necessary steps early on, so that central banks had to step in", said William Rhodes, Senior Advisor of Citigroup, at GES 2013 in Kiel. "The trimendous amounts of liquidity had effects on the emerging markets, but could lead to the next bubble, if nothing is done."

Read more about the future of central banking

 


 

Get prepared for the next sessions and download our visualizations:

October 2, 2013

Visualization Challenge

- Inequality and Human Capital

- Geopolitics and the Provision of Global Public Goods

- Governing the World's Oceans

- Development Policies for the New Bottom Billion



 

The threat of american debt default: we are back on the edge of a precipice?

October 2, 2013

The Future of Central Banking and Financial Market ReformFive years ago when the very first Global Economic Symposium (GES) met in Germany, speakers on the world economy warned that we were on the edge of a precipice: Lehman collapsed two weeks later, plunging us into a deep financial crisis and long economic recession.

Speaking at the sixth GES today, distinguished economic historian Professor Barry Eichengreen suggested that we might well be back on the edge of a precipice. With the prospect of the US government defaulting on its debt later this month, he warned that it was very difficult to predict how the world’s financial markets would react. And commenting on US economic policy-makers, he said: 'The Fed's the only adult in the room!'

Professor Eichengreen feared that the high-level discussion by current and former senior policy-makers was too academic given the potential dangers that lie ahead. Other speakers included former Bank of Israel governor Jacob Frenkel, Citigroup’s William Rhodes, Andrew Sheng of the Fung Global Institute, Turkish finance minister Mehmet Simsek and leading Chinese economist Yu Yongding

Watch the plenary on Youtube!

 


 

European Competitiveness in the Focus

October 2, 2013

„Every European country needs to find its own tailor-made model to improve its long-term competitiveness.“ For Thomas Mirow, chairperson of the supervisory board of HSH Nordbank, this is a crucial point in ensuring European competitiveness. Experts discussed this issue at GES 2013 in Kiel. „Infrastructure and infrastructure investment is very important“, said Stefan Dräger, CEO of Drägerwerk. „That means not only streets and bridges, but also education.“

 


 

Get prepared for the next sessions and download our visualizations:

October 2, 2013

Visualization Challenge

- Trade, Poverty and Inequality

- Piercing The Veil of the Future

- Designing a Stable Euroland: The Corporate Perspective

- Generating Finance for Social Impact

 


 

Get prepared for the next sessions and download our visualizations:

October 2, 2013

Visualization Challenge

- Plenary: The Global Economic Outlook

- Plenary: The Future of Central Banking and Financial Market Reform


 

Get prepared for the next sessions and download our visualizations:

October 2, 2013

Visualization Challenge

- Empowering Workforce: 4- Generations Demography Management

- Designing Waste and Recycling Policies

- Strengthening European Competitiveness

- Fostering a Fair Deal on Talent



 

GES-experts question belief in growth

October 1, 2013

Is growth an adequate measure for future well-being? "Growth is producing goods and bads. Not just goods", said Robert Johnson, President of the Institute for the New Economic Thinking. And Tania Singer from the Max Planck Institute for Human Cognitive and Brain Sciences in Leipzig said: "If you look at brain development, you would never think that growth might be infinite." Singer also questioned the concept of sustainable growth: "This would imply that growth could be infinite, which it can't."


 

Get prepared for the next sessions and download our visualizations:

October 1, 2013

Visualization Challenge

- Plenary: The Future of the Arab World

- Plenary: The Future of Europe


 

Get prepared for the next sessions and download our visualizations:

October 1, 2013

Visualization Challenge

- Spreading the Success of the “Mittelstand”

- Beyond Individualism toward Social Responsibility

- Towards Sustainable Consumption

- Making Microentrepreneurship Inclusive

- Realizing Global Maritime Surveillance

 


 

Euro-Bonds versus Fiscal Rules

October 1, 2013

Can Euro-Bonds be the solution to the Euro zone debt crisis? According to US-investor George Soros they can at least be part of a solution. "We need Euro-Bonds and strucural reforms", Soros said on the first day of GES 2013 in Kiel. Stefan Kooths from the Kiel Institute said, indebted countries should adapt fiscal rules. Euro-Bonds would destabilize the Euro zone on the long run.


 

A New Picture of Human Nature

October 1, 2013

Our conception of the world is in a process of very radical change", said Dennis Snower, the President of the Kiel Institute, at the GES 2013 in Kiel. "We need a new picture of human nature. We are beginning to understand our interconnectivity." Success should be redefined in terms of actually improving our well-being. Snower: "We plunder our planet to produce material goods from which we expect great pleasures that fail to materialize.


 

Get prepared for the next sessions and download our visualizations:

October 1, 2013

Visualization Challenge

- Towards a Sustainable Energy Mix- Renewable Energies and Fracking

- Promoting Employment and Growth

- Economics, Intersubjectivity and the Crisis of the Future

- Assessing and Implementing Sustainable Governance

- Ensuring Cybersecurity


 

Get prepared for the next sessions and download our visualizations:

October 01, 2013

Visualization Challenge

- New Approaches to Economic Challenges

- Decentralizing Energy Supply


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