The global economic crisis that erupted in 2008 has not yet passed. Leaders of the global economy are still struggling with the damage it has caused and are trying to create barriers that can withstand another collapse. The theory and ideology at the heart of the capitalist system is no longer taken as a given and there is doubt as to the effectiveness of international economic institutions. How does the task of bringing the global economy back to health look to the leaders and decision-makers? Is the crisis contributing to the development of a new economic balance of power between the West and the rest of the world?
Professor Larry Summers, USA:
Professor Larry H. Summers is the Charles W. Eliot University Professor and President Emeritus of Harvard University as well as the Weil Director of the Mossavar-Rahmani Center for Business & Government at Harvard’s Kennedy School. In the past he served as the 71st Secretary of the Treasury for President Clinton, Director of the National Economic Council for President Obama and Vice President of Development Economics and Chief Economist of the World Bank. Summers was the first social scientist ever to receive the annual Alan T. Waterman Award of the National Science Foundation (NSF).
Professor Stanley Fischer is the Governor of the Bank of Israel. In the past he served as the Vice Chairman of Citigroup as well as Head of the Public Sector Group, Chairman of the Country Risk Committee, and President of Citigroup International. In the past, Fischer was the First Deputy Managing Director of the International Monetary Fund, Vice President for Development Economics and Chief Economist at the World Bank and the Killian Professor and Head of the Department of Economics at MIT. Fischer is a Fellow of the Econometric Society and the American Academy of Arts and Sciences, a member of the Council on Foreign Relations, the G-30, and the Trilateral Commission, a Guggenheim Fellow, and a Research Associate of the National Bureau of Economic Research.
Ronnie C. Chan is the Chairman of Hang Lung Group Limited and its subsidiary Hang Lung Properties Limited and the Co-Founder of the Morningside Group. Chan is the Chairman of the Executive Committees of the One Country Two Systems Research Institute and of the Better Hong Kong Foundation, Chair and Founder of the China Heritage Fund and Co-founding Director of The Forbidden City Cultural Heritage Conservation Foundation. Internationally, Mr. Chan is a Co-Chair of the Asia Society and Chairman of its Hong Kong Center, a Director of the Board of the Peter G. Peterson Institute for International Economics and a Member of the Council on Foreign Relations, the National Committee on United States-China Relations, and the Committee of 100. He is also the founding Chairman Emeritus of the Asia Business Council.
Mr. Stephen Schwarzman is the Chairman, CEO and Co-Founder of the Blackstone Group. He has served as an adjunct professor at the Yale School of Management and is on the Harvard Business School Board of Dean’s Advisors. Schwarzman is a member of The Council on Foreign Relations, The Business Council, The Business Roundtable and the International Business Council of the World Economic Forum. He serves on the boards of the New York Public Library, The Asia Society, The Board of Directors of the New York City Partnership and the Advisory Board of the School of Economics and Management at Tsinghua University, Beijing. He is a Trustee of the Frick Collection in New York City and Chairman Emeritus of the Board of Directors of The John F. Kennedy Center for the Performing Arts.
Rodrigo Vergara is the Governor and a Member of the Board of the Central Bank of Chile. He is Member of the Editorial Board of journals Estudios Públicos and Economía Chilena. In the past, he served as Chief Economist of the Bank and as Coordinator of the Macroeconomics Department of the Center for Public Studies. Vergara was full professor at the Economics Department of Universidad Católica and has been an external consultant for the World Bank, the International Monetary Fund, the Inter-American Development Bank and the United Nations. He served as a Member of the Presidential Advisory Council on Work and Equity, on the Advisory Council on the Chile-United States Free Trade Agreement, of the National Savings Commission, of the Conicyt Economics Group.
Martin Wolf is the Chief Economics Commentator for the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 “for services to financial journalism”. Mr Wolf is an honorary fellow of Nuffield College and Corpus Christi College at Oxford University, an honorary fellow of the Oxford Institute for Economic Policy (Oxonia) and an honorary professor at the University of Nottingham.