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Video Clips


Economics beyond Homo Oeconomicus – Why the GES is different

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?



A New Deal for Europe?

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

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.



The Design of Fiscal Consolidation Plans

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.



Challenges of Migration

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.




Chances of Migration

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.