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Opening of the Global Economic Symposium in Kiel

October 1, 2013

Since Monday evening, representatives from the world of business, politics, science and society are congregating in Kiel to attend the 6th Global Economic Symposium (GES). This year, during the two-day conference, 600 leading figures from five continents are expected to discuss and develop solution proposals to pressing global problems. The program includes topics such as the stability of the financial markets, the Eurozone crisis, the future of the Arab World, the future energy mix and cyber security. Among the participants are the US investor George Soros, Jürgen Fitschen, Co-Chairman at Deutsche Ban and Mehmet Şimşek, the Turkish Minister of Finance.

“Redefining Success”—that is the overarching theme of this year’s GES. “Today, we mainly define success in terms of the economy—by how much growth a country reaches, by how much material wealth a person has. But in developed countries, the joy over material gain wears off pretty quickly. The constant struggle to amass ever more frustrates us,” said Professor Snower, President of the Kiel Institute for the World Economy and Director of the GES, in his opening speech. “Psychological research shows us what causes true wellbeing. Among other things, this is: personal affirmation, self-respect and cooperative relations to other people. Factors such as these need to gain more importance in success measurement,” emphasized Snower.

During the opening ceremony, GES Director Dennis Snower welcomed a delegation from Malaysia. He expressed his delight that the GES 2014 will be held in Kuala Lumpur.

The Minister-President of Schleswig-Holstein, Torsten Albig, and the Mayor of Kiel, Susanne Gaschke, indicated what an important role the Global Economic Symposium plays for Germany’s northernmost federal state and its capital.

 

Highlights of the GES 2013:

  • More than 40 sessions on pressing global problems such as the future of Europe, the future of the Arab World, the search for a sustainable energy mix and cyber security. The future prospects for German mid-tier businesses are also under scrutiny.
  • Just a few days after the German parliamentary elections, politicians and economists discuss the consequences of the outcome and devise ways out of the Euro crisis.
  • The round table Global Economic Outlook analyses: What will the future macroeconomic risks be? How likely is a hyper-inflation? Will new currency and commercial wars break out?
  • Further participants include Jacob Frenkel, Chairman, JP Morgan Chase International, Barry Eichengreen, University of California, Martti Ahtisaari, Nobel Prize Laureate, Founder and Chairman, Crisis Management Initiative, Marcus Schenck, Finance Director, E.ON as well as Nobel Prize Laureate Richard Ernst.

 

The Global Economic Symposium (GES) 2013 is being organized by the Kiel Institute for the World Economy (IfW) in cooperation with the German National Library of Economics – Leibniz Information Centre for Economics (ZBW).

Further information is available at http://www.global-economic-symposium.org and on the official GES Blog at blog.global-economic-symposium.org.

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