Katharina Brunner

GES 2011

GES 2011: Concluding Remarks

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Folgender Beitrag entstand während des Global Economic Symposiums, das am 4. und 5. Oktober 2011 in Kiel stattfand. Alle Artikel sind auf economicinsights.eu zu finden.

Between the coast, the main train station and a run-down parking garage, the GES 2011 was a great event. Here are some concluding remarks:

A recurring claim: New mechanisms

One statement that appeared in all panels was that old mechanisms for governments interacting with each other on a global level don’t work anymore. They were designed in an other time after the Second World War: The Bretton-Woods-System and its executive institutions, the International Monetary Fund (IMF) and the World Bank took care about the financial systems and the economic development of what used to be called Third World Countries.

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India in the 21st century: An interview with Arun Maira

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Folgender Beitrag entstand während des Global Economic Symposiums, das am 4. und 5. Oktober 2011 in Kiel stattfand. Alle Artikel sind auf economicinsights.eu zu finden.

  • Arun Maira is an elegant man with grey hair, strong tractions and a smile that makes him look like a boy. He seems pretty vital for a 67 old man. Living in Dehli, India,  he serves there as a member of the economic planning commission. He had studied physics before working for Tata Group for 25-years. Later he was with the Boston Consulting Group. He publishes articles and books.
  • The Planning Commission of India is a governmental institution, that gives directions for economic development in five-year plans. Until 1990s the policies were rather restrictive, following socialist ideas. Since then, economic policy has changed and the economy opened up. The latest,eleventh five-year plan is for 2007 to 2012.
  • In an interview in the wine cellar of the hotel Atlantic Arun Maira talks about India’s economic situation, the need of participation in a democracy and an a better system in the “new normal”.
India’s economy was liberalized in the early 1990s. Why is there still a planning commission?

Arun Maira: Because there was one. When things change it takes a while. Two years ago, when the new government came, they asked the question you are asking. And the answer was: No, we should not have a Plannig Commission. The challenges in India are a lot of change for the country. For doing the right thing you need to have a kind of radar. The planning commission need cannot say the people what to do or not to do like 50 years ago, but you can give them very good insight and information. This required to be fulfilled by somebody and the best organization available is the Planning Commission. [Weiterlesen…] Infos zum Plugin India in the 21st century: An interview with Arun Maira

How to Govern the World

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Folgender Beitrag entstand während des Global Economic Symposiums, das am 4. und 5. Oktober 2011 in Kiel stattfand. Alle Artikel sind auf economicinsights.eu zu finden.

“Norms for a Global Governance” was probably the most enlighting (and last) panel I took part. How should governments interact with each other on a global level? Which values should prevail and influence actions? The talk was on the one hand philosophical, using by using Locke, Hobbs, and Bentham for argumentations, but also practical by specific proposals and recommondations for politics. With participants from Asia, the United States and from a Eurozone country, two of them living on two continents and with their jobs ranging from government, private sector to NGOs, there was a good mixture of views on the world.

The talk was in the nicest room with two walls being windows to the coast. The five persons on the stage jumped from one topic to the other, led by an entertaining moderator. Nobody talked to long, but long enough to make their points. The people in the audience were in a good mood and asked good questions (Or were even dragged into the debate by the moderator – at least the one person, who was probably the most powerful at that moment in the room).

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Migration in a Globalized World

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Folgender Beitrag entstand während des Global Economic Symposiums, das am 4. und 5. Oktober 2011 in Kiel stattfand. Alle Artikel sind auf economicinsights.eu zu finden.

Globalization is also the globalization of labor and therefore migration is becoming an intrinsive part. “This is an issue, everybody knows something about.”

Migration, as a panelist said, has definitly a negative connotation, which he wants to see eliminated by showing evidence in favor of migration. Since 2000 the remittances, the money migrants send back in their home countries, grew faster than the world GDP. It should be made clear, that migration has benefits for both, the donor and recipient countries.

Data shows that Europe attracts in particular unskilled migrants, whereas in the United States or Canada the migrant labor force is much more educated. This can either be called a misallocation or just a statistical trick. Illegal immigrants from the Americas are not measured in the US and therefore do not appear in official data. [Weiterlesen…] Infos zum Plugin Migration in a Globalized World

“Hardcore Macro Session”: Balancing the Imbalances

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Folgender Beitrag entstand während des Global Economic Symposiums, das am 4. und 5. Oktober 2011 in Kiel stattfand. Alle Artikel sind auf economicinsights.eu zu finden.

The recession after the financial crisis is officially over and the economies are recovering, but there remains the danger of a double-dip recession. In order to build a more sustainable economy in the future, one issue to tackle are global imbalances. In a “hardcore macro session” a panel discussed about “Avoiding Currency Wars and Ensuring Balanced Global Recovery”.

The panel agreed upon the basic problems: Huge imbalances make the world economy even more fragile, excessive reserve accumulation worsens the problem and currency wars are counterproductive. And of course, there has to be a fiscal consolidation of the United States and European countries in the medium and long term. [Weiterlesen…] Infos zum Plugin “Hardcore Macro Session”: Balancing the Imbalances

Governments vs. Internet: The Power Struggle of the 21st Century?

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Folgender Beitrag entstand während des Global Economic Symposiums, das am 4. und 5. Oktober 2011 in Kiel stattfand. Alle Artikel sind auf economicinsights.eu zu finden.

Wolfgang Kleinwächter is  Professor for International Communication Policy and Regulation at the University of Aarhus in Denmark. With Economic Insights he talks about the rise of the internet and how it provokes a clash of cultures, power sharing and a tough challenge for the 21st century.

I am using Facbook daily, check my E-Mail and if I want to know something I look it up on Google. So for me everything seems pretty fine. Why do we need a internet governance?

Wolfgang Kleinwächter: There are at least two issues that have to be seen in this context. Number one is that you have an underlying infrastructure, which has to work. This is a layered system and on each layer you have a mechanism in place, which guarantees stability and security. This means: If you are using Facebook you are doing it on a basis of a domain name and your computer has an IP-address. This domain names and IP addresses have been labeled as critical internet ressources. And ressources need a certain kind of management, for example every domain name is unique. The other part is that a lot of this applications have implications, which can be treated as public policy issues. Very known issues are freedom of speech, privacy, intellectual property or crime. All these appear on the internet, too. This leads to the question: How can this be managed in the global world? The difficulty is: The internet is borderless, but our world is organized in nation states. [Weiterlesen…] Infos zum Plugin Governments vs. Internet: The Power Struggle of the 21st Century?