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Selected Solution Proposal

October 19, 2015

Reflexivity: The Interplay between Caring Decisions and Caring SocietiesFostering Values — The World Needs More Altruism to Fight Crises
Improving the mental health of citizens can help mitigate economic and environmental crises, growing rates of stress and depression, and the adverse effects of individualism and egoism, according to Singer. Rather than a redesign of institutions or rules, she advocates a science-based training program to help each individual.

Singer argues training is needed because many social and economic problems are becoming more global. It would help citizens broaden their domain of altruism, strengthening co-operation and limiting conflict as a result. Schools, universities, offices and factories might profit from the introduction of contemplative techniques. These and other social settings could be re-configured to emphasize teamwork and co-operation over competition.

Over nine months, Singer studied the effects of a new, science-based secular mental training program on well-being, brain, health, and behavior. First results suggest that daily training can indeed reduce stress, induce plasticity at brain level, increase pro-social behavior and trust, body awareness, and subjective well-being.

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Selected Solution Proposal

October 19, 2015

Migrants Knocking on Europe's Doors: Towards a Coherent Response to Irregular ImmigrationMigrant Crisis — The World Needs to Embrace a new Paradigm
Policymakers have to come to terms with the roots of irregular migration in order to embrace a much-needed paradigm shift in dealing with the problem, argues Swing. Only by accepting the economic and social drivers, the demand for migrant workers, and the effects of global communications can they get ahead of the curve.

What Swing calls the largest migration of people in recorded history should, he says, remind us of how important mobility has become to the modern world. By accepting to this fact, host countries can transcend the crisis mode in which they find themselves to develop longer-term strategies in co-operation with other governments.

Swing stresses that only a truly comprehensive approach stands any chance of succeeding in the long run. Governments will have to continue to offer protection to refugees. But at the same time, new ways must be found to ensure safe regular migration – for workers of all skill levels, as well as for families looking to re-unite. In poor or war-torn countries, community stabilization and development programs would reduce migratory pressures.

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Selected Solution Proposal

October 19, 2015

Migrants Knocking on Europe's Doors: Towards a Coherent Response to Irregular ImmigrationMigrant Crisis — The World Needs to Embrace a new Paradigm
Policymakers have to come to terms with the roots of irregular migration in order to embrace a much-needed paradigm shift in dealing with the problem, argues Swing. Only by accepting the economic and social drivers, the demand for migrant workers, and the effects of global communications can they get ahead of the curve.

What Swing calls the largest migration of people in recorded history should, he says, remind us of how important mobility has become to the modern world. By accepting to this fact, host countries can transcend the crisis mode in which they find themselves to develop longer-term strategies in co-operation with other governments.

Swing stresses that only a truly comprehensive approach stands any chance of succeeding in the long run. Governments will have to continue to offer protection to refugees. But at the same time, new ways must be found to ensure safe regular migration – for workers of all skill levels, as well as for families looking to re-unite. In poor or war-torn countries, community stabilization and development programs would reduce migratory pressures.

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Selected Solution Proposal

October 19, 2015

New Indicators of Progress: How to Make a Difference to Policy and PoliticsMacroeconomic Indicators — Venturing Beyond GDP to Measure Wellbeing
Despite a growing international consensus that gross domestic product is too crude a measure of a country’s national wellbeing, alternatives are having trouble establishing themselves, according to Michaelson and Jeffrey. This is because they lack a clear narrative, suffer from information overload, or fail to match public perceptions.

In the hope of changing the mindset of the UK’s Office for National Statistics (ONS), Michaelsen and Jeffrey looked at measures of national success used in recent public consultations. They came up with five headline indicators they say will provide a better measure of national success than GDP: decently paid, secure employment; subjective wellbeing; environmental impact; economic inequality; and health-care provision.

A handful of clear, communicable, and memorable indicators allow for a close alignment of policymakers’ priorities and the concerns of the public, they argue. Although the number and mix of indicators will vary from country to country, Michaelson and Jeffrey argue only similar efforts elsewhere will spur policymakers to adapt.

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Doing scientific work, not only going on Google

October 19, 2015

The YES! – Young Economic Summit opens doors and sets a stage for new and creative ideas of the next generation. High school students concern themselves with global problems in the realm of economy, policy, society and environment. After working intensely on the chosen topic, students presented their solutions at a two-day conference to the interested public.


 

Selected Solution Proposal

October 19, 2015

Food Security through more Intense Crop ProductionFood Security — Crop Production: Satellites and Ploughshares
Satellites, computers and new modeling techniques could more than double global crop production, meeting future food and biomass demand without increasing the area of farmland, Mauser, Klepper, Zabel, Hank and Delzeit argue. Enlisting modern technology to improve crop management would automatically raise farm-management standards and spread the use of profit-maximizing crop allocation techniques across the globe.

Mauser et al. say innovation in all three areas could raise farm output by 148 percent points and keep pace with the demand for food and biomass, which is expected to double by 2050. With satellites monitoring the growth of crops and new computer models, farmers will be able to maximize yields while reducing water and fertilizer use.

In the coming years, global agriculture will be transformed into an information business, and trade in agricultural commodities will come to include regions that currently stand apart, they predict. Satellites like the EU’s Copernicus system will provide the backbone for this new degree of “local-yet-global” information flow.

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Selected Solution Proposal

October 19, 2015

Migrants Knocking on Europe's Doors: Towards a Coherent Response to Irregular ImmigrationMigrant Crisis — Note to Europe: Stress Upside of Immigration
Europe needs to change the narrative about the tens of thousands of refugees streaming over its borders, argues Legrain. Instead of using the tools of border protection and policing to cast them as an implicit threat, he says governments should welcome them as an explicit opportunity for reinvigorating their rapidly aging populations.

Young, hard working, taxpaying newcomers would prove a shot in the arm for a European Union with its shrinking working-age population. With new arrivals this year amounting to 0.1 percent of the EU population, Legrain says it is wrong to cast the region as overburdened. Instead, governments should stress the upside of aspirational and often highly skilled newcomers. Nearly one in two Silicon Valley start-ups has an immigrant co-founder, he notes.

Once European countries see immigration in terms of their economic self-interest, Legrain argues, the strains and stresses of the EU’s current response to the refugee crisis should resolve themselves. Member states would see welcoming migrants as an investment – one that pays dividends the sooner refugees can start to work.

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Economics beyond Homo Oeconomicus – Why the GES is different

October 16, 2015

Nobel Laureate George Akerlof, the President of the GES and of the Kiel Institute, Dennis Snower, and other participants of the GES about the questions: What makes the Symposium so special? And what can economics contribute to solve our global problems?


 

Selected Solution Proposal

October 16, 2015

Re-assessing Waste Management and the Circular EconomyRecycling — The Circular Economy: The Producer Pays
Manufacturers should pay an up-front fee to cover recycling costs when their products are thrown away, according to Hermann F. Erdmann. This would for the first time give producers and consumers an economic - rather than simply an ethical - incentive to manufacture and consume responsibly, he argues.

Voluntary schemes to prevent waste have proved of limited use, mainly because they have failed to ensure that everyone contributes their fair share. Instead, Erdmann calls for the founding of an independent national or supra-national agency to assess – and charge for - the social costs of products once they are thrown in the trash.

The Extended Producer Responsibility Organization (EPRO) would charge the manufacturer a fee per unit product and take responsibility for recycling. Being forced to pay for the hidden social cost of waste management would encourage manufacturers to design and consumers to buy products that are easier to recycle, he says. While EPRO’s basic structure is simple, agreeing governance and fees could be a challenge, Erdman admits.

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A New Deal for Europe?

October 15, 2015

The EFSI - also known as the Juncker Plan - is meant to boost investment in Europe. But there are grave doubts concerning the EU Commission’s analysis and chosen instruments. The discussion at the GES sought to tackle this problem. In the end, 2015 GES attendees came up with a number of solutions of their own.


 

Values to Guide Economies

October 15, 2015

The crisis of 2008 was not only an economic one, it was also a crisis of values. Caused by rampant self-interest and an obsession with profit maximization, we witnessed the near-collapse of the international financial system. In the hope of righting these wrongs, the motto of this year’s Global Economic Symposium is “Values to Guide Economies.” We have spoken with two GES guests, who have clear ideas on how to establish new values in the world economy.


 

GES Declaration on Common Values Signed

October 15, 2015

GES Declaration on Common Values -
Major representatives of world religions and value-driven movements have signed the GES Declaration of Common Values at the Global Economic Symposium 2015. It seeks to articulate a common set of values that transcends cultural, national and religious borders.

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GES Media Release: Global Economic Symposium:
“Nations Must Co-operate More“

October 14, 2015

GES logoThe eighth GES under the slogan "Values to Guide Economies" is coming to an end. Around 300 participants and 100 speakers discussed solutions to global problems. They came up with about 60 concrete proposals – including some to ease the refugee crisis and stabilize the financial system – that will be circulated among decision-makers in business and politics.

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GES 2015 – Selected Solution Proposals

October 14, 2015

Selected SolutionsMembers of the GES community have come up with many excellent proposals to address global challenges. We published some of them as “Solution Proposals of the Day” and used them as touchstones for lively debate in and beyond the conference’s 30 or more sessions. We are using this newsletter to bundle some of the texts. But rest assured that all proposals will be evaluated, and published in a variety of formats. To speed implementation, they will also be circulated to policy-making and research communities around the world. Thank you for attending the GES 2015. And thank you for contributing to the search for solutions to shared global problems.

DownloadSelected Solution Proposals (PDF: 140 KB)


 

The Design of Fiscal Consolidation Plans

October 14, 2015

Governments worldwide are still struggling with the aftermath of the global fincancial crisis. The biggest problems: Budget deficits and debts. The Global Economic Symposium debates how fiscal consolidation plans should be designed. Raising the wrong taxes or cutting government expenditure could be dangerous for the economy. And what about expensive pension systems? Two speakers of this session present their proposals for this problem, OECD-director Christian Kastrop and Hans-Paul Bürkner, Global Chairman at The Boston Consulting Group.


 

GES: Understanding of Values Influences our Economy

October 14, 2015

GES logoUnderstanding differences in values is key to solve global economic problems according to scientists and decision makers attending the various panels at the GES. This should include the ability to look at things from different perspectives and the ability to understand each other's point of view.

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Solution Proposal of the Day #5

October 14, 2015

How to Build Sustainable Cities for the Next Urban Billion?Sustainable Cities — Urbanization Demands Public-Private Schemes
The number of people living in cities is expected rise by a third by 2050, but governments have proved incapable of creating the necessary infrastructure to keep pace with this development, say Macomber, Singham and Ting. They argue only public-private partnerships can generate the investment needed to house 2 billion new city-dwellers and provide public services like water, electricity, and mass transportation over the longer term.

So-called enterprise cities would foster orderly growth of urban areas, avoiding the unplanned sprawl of many existing cities in which unregulated land use has hindered adequate provision of infrastructure, and planning for housing and education. Such township planning can be seen an extension of traditional office-park development.

Inspired by examples across the globe, Macomber, Singham and Ting argue that streamlining regulations, transparent tendering, and fair competition is key to success. Crucially, so-called regulatory framework agreements to attract investment should be agreed at municipal level to avoid the pitfalls of national politics.

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Challenges of Migration

October 14, 2015

War and terrorism has driven millions of people from their home countries in the Middle East and beyond. As more and more of these refugees try to find refuge in the EU, European states should be rising to the challenge. Sadly, only some governments have shown any readiness to welcome refugees. This problem can only be solved if EU member states overcome their disagreement about distributing the burden of housing the new arrivals. Only if Europe’s nations work together can they deal with their greatest challenge since the Second World War.


 

Solution Proposal of the Day #4

October 14, 2015

Brave New Media World? How the Internet Spreads Information Across the GlobeDigital Journalism — A Fund to Kick-start Pan-European Media
Public responses to recent European crises have varied widely from one member country to another, a stark reminder that a truly European public sphere remains elusive, according to Müller. To address this problem, he argues, Europe needs public funding to foster pan-European media with a genuine cross-border appeal.

Müller says subsidies are needed to deal with the paradox of digitization – more people consuming more news than ever before, even as free access weakens the ability of news organizations to fund their work. This, he says, is a particular problem for media in the European Union, given the expense of gathering news across the region.

Given the risk of political pressure, Müller calls for a fund financed by public stakeholders like industry associations and labor unions, rather than governments. A team of independent media experts would decide how to allocate the fund’s resources. The committee would select private media companies according to their journalistic track records and organizational ability to report pan-European news free of national agendas.

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Global Economic Symposium Calls on Europeans to Embrace Migrants

October 14, 2015

GES logoOne of the most anticipated topics at the Global Economic Symposium (GES) 2015 was migration and the multitude of issues it has thrown up – like dealing with integration, labor migration, refugee crises, and different cultures and values. In particular, the question about how to handle different values and whether it is necessary to teach migrants values like democracy or gender equality fostered the debate.

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Şimşek Pledges More Reforms in Turkey at GES 2015

October 14, 2015

GES logoTurkish Finance Minister Mehmet Şimşek used an appearance at the Global Economic Symposium in Kiel to pledge more reforms after next month’s parliamentary election. After hosting the GES in 2010, Şimşek said he was delighted that Istanbul would be welcoming the conference again next year.

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Chances of Migration

October 14, 2015

Integrating refugees into the labor market is a big challenge. There are many formal barriers, for one. Refugees without asylum won’t be assigned a German language course and can’t work for the first months after their arrival. Such restrictions seem petty given the demographic shifts brought by Germany’s aging population. Most of the refugees are young and could do the blue-collar jobs that Europeans spurn. Experts are convinced that refugees are a great opportunity for the economy.


 

Entrepreneurship as leverage for legal migration

October 14, 2015

Blogpost Kebba-Omar B. JagneThe challenges for entrepreneurship in the migrant source countries are even more discouraging than in the developed countries, given the lengthy bureaucratic processes and the high startup costs usually involved, says Kebba-Omar Jagne, GES Young Fellows 2015. Also many working age youth are simply not prepared to succeed as entrepreneurs due to a several reasons including poor grade school education and lack of basic skills. Although conflict countries might not be able to provide such options, refugees and migrants might consider the funds intended for continuing on a crossing where life is not certain, for investment into something that improves their skills.

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Solution Proposal of the Day #3

October 13, 2015

Putting the SDGs to WorkSustainable Development — Food, Water, Energy: Key to Everything Else
The global community should focus on bringing food, water and energy production to the world’s vast arid regions as a precondition for meeting the United Nations’ much broader Sustainable Development Goals (SDGs), according to Christian Berg. He says this narrow focus would be the best way to minimize painful trade-offs between economic growth and environmental protection implicit in the SDGs, expected to be finalized next spring.

Bringing plant-life back to eroded land would lure farmers and allow crop production to rise while ending the land consumption that sees fertile natural habitats turned into farmland, Berg argues. Setting up solar or wind power plants in these often sunny and breezy regions would lure manufacturing and spur infrastructure development.

Berg reckons this focus on three “foundational SDGs” could quickly improve conditions in arid regions, some 41 percent of the earth’s terrestrial surface. It would also put the global community on course to addressing half of the UN’s 17 SDG goals, including the top two on the list - poverty reduction and food security.

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Snower: A European Civic Year for more Integration

October 13, 2015

At the Global Economic Symposium 2015 in Kiel, Dennis Snower, the president of the Kiel Institute, called for a European voluntary social year. The „@Home in Europe Year“ would help foster a common set of European values – and at the same time make an important contribution to resolve the current refugee crisis.

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Global Economic Symposium Warns About Debt Levels

October 13, 2015

GES logoAlmost a decade after the start of global financial crisis, participants of the Global Economics Symposium warned the world economy was still too reliant on debt. But economists and policy experts at the meeting also praised efforts to counter reckless borrowing.

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Solution Proposal of the Day #2

October 13, 2015

Migrants Knocking on Europe's Doors: Towards a Coherent Response to Irregular ImmigrationMigrant Crisis — Fixing Europe’s Dysfunctional Asylum System
Europe’s governments should end dysfunctional national asylum policies by giving the European Union sole responsibility for the tens of thousands of migrants entering the region, argues Lücke. That would ease the strain on poorer southern EU countries through which migrants enter and richer northern countries where they collect.

Centralized responsibility for the processing and welfare of migrants would in Lücke’s view end the mismatch between the much-vaunted freedom of movement in the EU’s Schengen area and the so-called Dublin III Regulation, which demands that asylum seekers be administered by the member states in which they first set foot. It would enable joint responsibility, common standards, and real burden-sharing among EU members.

With around 1.5 million migrants – mainly from the Middle East and Africa - entering the EU every year, Lücke estimates the EU would need national governments to top up its annual budget by E45 billion. That would be equivalent to one third of the current EU budget, but only 0.3 percent of member states’ gross domestic product.

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Solution Proposal of the Day #1

October 13, 2015

The Design of Fiscal Consolidation PlansFiscal Consolidation — Austerity and Growth can go Hand in Hand
Critics of the Eurozone response to the currency bloc’s debt crisis have questioned so-called austerity policies to shore up public budgets. But Kastrop argues that economic growth can – and must – go hand in hand with fiscal consolidation. The trick, he argues, is to design spending cuts and tax increases with care and flexibility.

The OECD studied the effects of cutting various types of public spending and increasing various forms of taxation, Kastrop says. It found cutting subsidies and pensions, as well as raising inheritance taxes to be the least harmful to economic growth. Most harmful were education and health care cuts, and raising social security contributions.

But, Kastrop stresses, policymakers should avoid one-size-fits-all solutions and favor bespoke recipes that reflect a country’s position and preferences. For example, raising taxes that are already very high can have little economic or social value. Policymakers should also allow policies to evolve – tax increases are easy to implement quickly but should give way to spending cuts over time. Lastly, they should set prudent long-term debt targets.

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We are Humans, no Beasts

October 13, 2015

Blogpost Mustafa Cerić

The paradox of our time is obvious: food production is more than ever before, but hunger in the world is more than ever before as well; peace proclamations are more than ever before, but wars in the world are more than ever before as well, says Mustafa Cerić, Grand Mufti Emeritus of Bosnia and speaker in the session tonight (Oct. 13): Religious Values and our Economic Behavior.

Yes, indeed, we desperately need help because we are becoming helpless and hopeless, he tells.

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Dennis Snower’s Opening Address
of the Global Economic Symposium 2015

October 13, 2015

Opening Address
Dennis Snower, President of the Global Economic Symposium and of the Kiel Institute for the World Economy, emphasized in his opening address of the GES 2015 the need for common global values to solve the problems of our time.

Opening Address


 

GES 2016 will be held in Istanbul, Turkey

October 12, 2015

Istanbul 2016The Global Economic Symposium 2016 will be held in Istanbul, Turkey. This was announced on the occasion of the opening of the GES 2015 in Kiel.

The Global Economic Symposium 2016 will be held in Istanbul, Turkey, on 25-27 October 2016. This was announced by Dennis Snower, President of the GES and of the Kiel Institute for the World Economy (IfW), the organzier of the GES.

“In view of Turkey's Presidency of the G20 in 2015, which will be followed by that of China in 2016, and of Germany in 2017, this is indeed a significant and exciting prospect”, Snower said. “This will give GES participants the chance to review the implementation of Turkey's proposals for the G20, link them to China’s G20 agenda, so as to make recommendations on the matters that Germany might address in 2017.”

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Global Economic Symposium seeks common global values

October 12, 2015

GES logoWhat can be done to solve Europe’s refugee crisis? How can the Eurozone finally be put on a solid footing? These are just two of the questions that 300 international politicians, scientists, business executives and members of civil society will be looking to answer at the Global Economic Symposium (GES), beginning in Kiel on Monday, 12 October 2015. Participants include Economics Nobel Prize Laureate George Akerlof from the USA, Turkish Finance Minister Mehmet Şimşek and Deutsche Bundesbank Deputy Governor Claudia Buch.

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Dealing with Urbanization: One size doesn’t fit all.

October 12, 2015

Cindy Fan
Interview on the challenges of urban development with Professor Cindy Fan, Vice Provost for International Studies and Global Engagement at the University of California Los Angeles, and a featured speaker at the GES.

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GES Blog: How to solve Europes Problems - A Question of Identity

October 12, 2015

Blogpost Dennis J. Snower — Identity“The time has come to decide the future of the European Union”, says Dennis Snower, President of the GES and the Kiel Institute. For him, the real challenge is not just to work out the most efficient economic solution or the most persuasive political one, but to find a new narrative for the European Union, one that will give its inhabitants a new sense of identity and purpose.

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GES Speaker 2015: We are Pleased to Welcome Alexander Likhotal

October 9, 2015

Alexander LikhotalAlexander Likhotal has worked with Mikhail Gorbachev as his spokesman and advisor since 1991. He is an internationally renowned expert on Russia and Eastern Europe and lectures at the University of Boston on the cultural and political implications of business management.

Likhotal will be speaking at the session entitled “Human Dignity, Common Good and Stewardship as Values for Economies.”


 

GES BLOG: Huge welfare losses by expansionary monetary policy

October 8, 2015

GES Blog: Monetary PolicyExpansionary monetary policy during financial crises is initially useful, but subsequently largely ineffective. These are the exclusive findings of researchers of the Kiel Institute. Their findings will also be discussed in the session: ‘Monetary Policy - Lessons Learned from the Crisis and the Post-Crisis Period’.

If central banks do not take this into consideration their policies may lead to huge welfare losses.

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GES Speaker 2015: We are Pleased to Welcome Edward Lazear

October 7, 2015

Edward LazearEdward Lazear, Professor of Human Resources Management and Economics at Stanford University, was chairman of the Council of Economic Advisers under US President George W. Bush. He is the author of an extensive body of research and founding editor of the Journal of Labor Economics.

At the GES, he will present a special report on global demographics.


 

GES Speaker 2015: We are Pleased to Welcome Pascal Lamy

October 4, 2015

Pascal Lamy Pascal Lamy led the World Trade Organization as Director-General for eight years, from 2005 to 2013. He was European Commissioner for Trade from 1999 to 2004. Today, Lamy is honorary president of the Paris-based think tank Notre Europe.

He will be speaking at the session entitled “Developing Modern Sustainable Industrial Policies through Co-opetition.”


 

GES Blog: Creating Community: Social Media, a Tool for Integration

October 4, 2015

Blogpost BeTogether

The current Europe-wide influx of migrants has undeniably sparked anti-foreigner sentiments across the entire continent. In Brussels, record numbers of incoming refugees are adding to the city’s already large pre-existing foreign-born population.

Now, more than ever, we need a solution to ensure the successful integration between foreigners and locals. Btogether.be, a social networking site aiming to connect foreigners and locals in Brussels, will foster communication and interaction between various demographics, thus ensuring a happy, helpful community.

Creating Community: Social Media, a Tool for Integration


 

GES Speaker 2015: We are Pleased to Welcome Hans-Paul Bürkner

October 1, 2015

GES Speaker 2015: Hans-Paul BürknerHans-Paul Bürkner, Chairman of the Boston Consulting Group, is a former president and CEO of BCG and the first European to hold both positions.

Bürkner has studied numerous subjects, including economics, business administration, and Chinese, at various universities, including Yale and Oxford. He is also a well-known expert on emerging markets.

Bürkner will be speaking in the session entitled “Job Creation in the Age of Robots”.


 

GES Speaker 2015: We are Pleased to Welcome Adair Turner

September 29, 2015

GES Speaker 2015: Adair TurnerLord Adair Turner, Chairman of the Institute for New Economic Thinking, is a British businessman, academic, and a member of the UK's Financial Policy Committee. In an interview, he once described himself as a “technocrat.”

Turner will be speaking in the session entitled “Financial Regulatory Frameworks: Current Reforms and Future Challenges”.


 

GES Blog: “It´s an economic disaster”

September 28, 2015

Interview with Kristine and Douglas Tompkins, founders of Esprit and The North Face, now creators of national parks in South America, on the 2015 GES motto: Values to Guide Economies.

Saving nature or doing business – that’s a common conflict of values the world over. “People talk about the great goodness of economic development over time, but in fact it’s an economic disaster”, they say.

GES Blog: Interview with Kristine and Douglas Tompkins, founders of Esprit and The North Face


 

GES Speaker 2015: We are Pleased to Welcome Jörg Kukies

September 24, 2015

GES Speaker 2015: Jörg KukiesJörg Kukies, Co-Head Germany and Austria, Goldman Sachs, earned a PhD from the University of Chicago for his dissertations on “The Effect of Introducing New Equity Markets on the IPO Process" and "Stock Markets for High-Technology Firms and Venture Capital Financing: Evidence from Europe.” He joined Goldman Sachs in 2000 and has been co-head of Germany and Austria since 2014.

He will be speaking at the session entitled “The Financial System and Public Value”.


 

GES Speaker 2015: We are pleased to welcome Mustafa Cerić

September 22, 2015

GES Speaker 2015: Mustafa CerićMustafa Cerić, President of the World Bosniak Congress, is a Bosniak imam, who served as the Grand Mufti of Bosnia and Herzegovina. He was also a candidate for Bosniak member of the Presidency of Bosnia and Herzegovina at the 2014 general election.

He will be speaking at the working dinner on “Sharing Food and Thoughts: Religious Values and our Economic Behavior


 

GES Blog: Desert2Eden – how the SDGs can be met

September 21, 2015

Blogpost Christian BergThere are seventeen sustainable development goals (SDGs). Pretty ambitious, and even more so because they are not only related, they sometimes compete with each other. So where to start? “Focus on the basic needs of human existence: food, water, and energy. If we secure these three factors, then we can achieve the other SDGs”, says Christian Berg, speaker at the Session: Putting the SDGs to Work

The good news: there are regions where abundant land, energy, and water lie unused: deserts.

GES Blog: Desert2Eden – how the SDGs can be met


 

GES Speaker 2015: We are Pleased to Welcome Tania Singer

September 17, 2015

Tanja Singer

In her research Tania Singer, neuroscientist at the Max Planck Institute, explores how psychological and neuroscientific knowledge of human motivation, emotion, and social cognition can inform models of economic decision-making and displace the concept of “homo economicus.”

She will be speaking in the session entitled “Identity Culture and the Evolution of Norms.


 

GES Speaker 2015: We are Pleased to Welcome Claudia Buch

September 15, 2015

GES Speaker 2015: Claudia Buch Claudia Buch, Deputy President of the Deutsche Bundesbank, is an internationally renowned expert on financial. Her responsibilities include providing support for the Bundesbank president at the ECB Governing Council and she is also a member of the European Financial Stability Commission (FSC).

She will be speaking at the session entitled “The Financial System and Public Value.


 

GES Speaker 2015: We are Pleased to Welcome Mehmet Şimşek

September 11, 2015

GES Speaker 2015: Mehmet Şimşek We are happy to announce that the Turkish Minister of Finance will be speaking at the 2015 GES. Mehmet Şimşek previously worked as an economist at Merrill Lynch. In 2007, he became Minister of State in Prime Minister Erdoğan’s cabinet and in 2009 he was appointed Minister of Finance.

He is currently faced with challenges including a Turkish lira that is weakening against the US dollar and the euro, and growing inflation in Turkey.


 

Interview with Sir Christopher Pissarides

September 3, 2015

Sir Christopher Pissarides, Professor of Economics and Nobel Laureate on the 2015 GES motto: Values to Guide Economies. “Greece has to deal with a eurozone that has completely different values on some key issues, like the role of policy. There is a kind of conflict that cannot be resolved by just saying: you have to do it, because that’s what everyone has to do.”

Interview with Sir Christopher Pissarides


 

GES Blog: Open Up, Europe! Let Migrants In

August 27, 2015

Blogpost Philippe Legrain ImmigrantsThousands of people drown trying to reach Europe — an estimated 1,250 did so in April alone. By denying desperate people the opportunity to cross borders legally, European governments are driving them to risk death, notes Philippe Legrain, Speaker in the Session:

Migrants Knocking on Europe´s Doors

What if Europe took a different approach: allow people to come and go freely?

GES Blog: Open Up, Europe! Let Migrants In


 

Interview with Jeffrey Immelt

August 5, 2015

Jeffrey Immelt, Chairman & CEO of GE, on the 2015 GES motto: Values to Guide Economies. “So far it has been about the consumer internet, like social media. But the next 10 or 15 years will be about the Industrial Internet. I think it is going to transform the way people work, the way airlines fly planes or railroads run locomotives. And we are just in the beginning days of that.”

The interview was held on the occasion of his presentation with the 2015 Global Economy Prize.

GES Blog: Interview with Jeffrey Immelt, Chairman & CEO of GE, Laureate of the Global Economy Prize


 

GES Blog: Values to Guide Economies

July 28, 2015

Blogpost Dennis Snower -  Values

“We need a global value system to solve the problems of our time”, says Dennis Snower, President of the GES and the Kiel Institute. That´s why “Values to Guide Economies” is the motto of the GES 2015. But Time is short, especially since Europe, the United States, Russia, and the major emerging economies are currently not on a path that will lead to greater consensus and cooperation. That makes conflicts more likely.

GES Blog: Values to Guide Economies


 

GES Blog: Towards Inclusive Growth

July 9, 2015

Blogpost Dennis Goerlich Taipeh Workshop Economic growth in the past decades has been accompanied by increasing inequality in income and opportunity. The GES has taken up the challenge of promoting inclusive growth during a GES workshop in Taipei.

The so called ‘Internet of Things’, social innovation and global supply chains are just three issues, that will have a major effect on inclusive growth in the future and therefore have to be dealt with in a proper way.

Blog


 

GES Blog: What we have learned from 30 years of “Schengen”

June 23, 2015

Blogpost Matthias_Luecke Irregular_Migration

Under present rules, EU member states on the external EU border are supposed to receive refugees and process their applications for asylum or other protection. “This is not fair because it puts a large fiscal burden on a small number of member states (especially Italy, Greece, and Hungary) where most refugees do not even want to stay”, says Matthias Luecke, organizer of the GES-Session:

Migrants Knocking on Europe’s Doors

A new, functional asylum system in Europe should be built around these features.

Read more about: What we have learned from 30 years of Schengen>


 

GES Blog: Madness by Design

June 2, 2015

A few days ago, Germanys Vice-Chancellor and Minister for Energy, changed the long decided climate fees for coal power stations. Lili Fuhr, climate expert at the Heinrich Boell Foundation gives a harsh critique about it. She also organizes the GES-Session:

The End of the Age of King Coal

“What is astonishing is how a policy instrument that originally was intended to shut down the dirtiest lignite power stations has morphed into a proposal that aims to prevent even a single decommissioning”, she says.

Read more about Madness by Design: A Voluntary Climate Levy with No Climate Effect

 


 

GES Blog: To Nudge or not to Nudge

May 21, 2015

GES Blogpost Simon Bartke: To Nudge or not to NudgeTrouble with procrastination, financial planning, or even finding an organ donor? Political nudging might help. While a nudge is designed to influence people´s decisions towards certain outcomes, it does not restrict their freedom of choice as would a ban or a tight form of regulation. With a nudge, the choice is still there, but by changing the default, policymakers can affect choices. The pros and cons of the concept will also be discussed at the GES 2015: Incorporating Behavioral Economics into Policy Making

Session Organizer Simon Bartke made his mind: “People can be nudged, and they should be nudged”, he says.

Read the GES Blog: To Nudge or not to Nudge

 


 

GES Blog: Welcome to the GES 2015

May 9, 2015

GES Blog: Welcome to the GES 2015The summer is slowly arriving to the German Baltic Sea city of Kiel, and so is the Global Economic Symposium 2015. In only six months time, some of the world’s leading decision-makers from academics, business, politics, and civil society will be in town to jointly address the globe’s most pressing challenges, such as the fragility of the world economy, unsustainable resource use, or irregular migration. Their goal will be to find solutions. Together.

Visit the GES Blog

 


 

Join the GES Taipei Workshop 2015

May 5, 2015

GES Taipei Workshop 2015

For the second time the GES Taipei Workshop is going to take place on June 16th in Taipei. The two major discussion sessions are:

    - Promoting Innovation to Achieve Inclusive Growth

      - Encouraging Regional Inclusive Growth through Joint Innovation Cooperation

        You can discuss with international and local leading decision makers from business, academia, politics and civil society on ways to encourage inclusive growth. The Workshop focuses particularly on the role of innovation in this regard.

        Join the GES Taipei Workshop 2015

         


         

        Join the GES 2015 as a Young Fellow

        March 16, 2015

        Young Fellows 2012Every year a limited number of exceptionally creative young talents can join the one-year GES Young Fellow Program. You will be invited to join the GES 2015 in Kiel and meet and discuss with world-leading decision makers from academy, business, policy and NGO about your projects and initiatives.

        APPLY NOW

        Zarpana Massud-Baqa (Fellow 2012, 1st row, left): “It was interesting to see so many dedicated speakers, panellists and participants making a difference in the world, real idealists.”

         


         

        GES Speaker 2015: We welcome Nobel Laureate George Akerlof

        March 16, 2015

        Speaker 2015: George Akerlof

        We are happy to announce that the American economist and Nobel Laureate George Akerlof will speak at the GES 2015.

        In 2001, George Akerlof was awarded the Nobel Prize for Economic Sciences. His work has covered behavioral economics, macroeconomics, and market imperfections. Furthermore, Akerlof is married to Janet Yellen, who is the Chair of the Board of Governors of the Federal Reserve System.

         


         

        The World Convenes in Kiel - Solution City:

        March 9, 2015

        The GES 2015 takes place from October 12-14!

        Kiel

         


         

        The GES Selected Solutions 2014/2015 are out now

        March 9, 2015

        GES Selected Solutions 2014-2015The GES is not just another discussion forum; it´s a solution forum, focusing on global problems. Our proposed solutions to these problems are designed to be useful, concrete, and implementable.

        These are just two of the challenges we addressed in 2014 at the GES in Kuala Lumpur, Malaysia. Over 700 world-leading decision makers and experts attended, including Nobel Laureate Joseph E. Stiglitz. The main proposals generated can be found in our volume, “GES Selected Solutions 2014/2015”. Download Icon

         


         

        What is the GES?

        The GES Process

        The GES is a solution forum attracting world leaders to generate solutions for the most important global problems.

        It presents a neutral, creative space in which we can think afresh about tackling global problems across national, cultural, social and religious divides. Hallmarks are that it is research-based and solution-oriented. It is organized every year by the Kiel Institute for the World Economy and its partners and is closely linked to the Institute’s research work.

        The GES 2015 takes place from October 12th to 14th in Kiel, Germany!

         


         

        Media Kit

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