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Home > Programme > Presentation
Presentation Stephen Roach
Presentation Marc Faber
Presentation Richard Branson
Presentation Niall Ferguson
Presentation Hans Vestberg
Presentation Deven Sharma
Presentation Tony Blair
Presentation Paul Krugman
Presentation Fareed Zakaria
Presentation Michele Norsa
Presentation Donald Trump Jr.
Presentation John Naisbitt
Presentation Nouriel Roubini
Presentation David Aaker
Presentation Oliver Williamson
Presentation Richard Thaler
Presentation Song Hong Bing
Presentation Chris Hughes
Presentation Mark Gauger
Presentation Kohei Nishiyama
Presentation Eric Anderson
Presentation John Drzik
Presentation Yukio Hatoyama

 


  Stephen Roach
Oct.12th 09:00~10:00 Vista


TOPIC : Lessons from Japan

Moderator  Phil Smith, Editor, Thomson Reuters North Asia

 


  Marc Faber
Oct.12th 10:10~11:10 Vista

TOPIC : The Direction of the Global Stock Market 2011


Moderator  Woong Park, International Chief Marketing Officer, Mirae Asset Global Investments Co.,Ltd

 


  Richard Branson
Oct.12th 11:30~12:30 Vista


TOPIC : Creative Entrepreneurship and Innovation

Moderator  Jean-Claude Larreche, Professor, INSEAD

 


  Niall Ferguson
Oct.12th 13:30~14:40 Vista

TOPIC : When East and West Meet - The Global Financial Crisis in Historical Perspective

Moderator  Lee, Keun, Professor, Seoul National University

 


  Hans Vestberg
Oct.12th 14:50~15:30 Vista


TOPIC : Shaping the Networked Society

Moderator  Martin Boehm, Professor, IE Business School

 

  Deven Sharma
Oct.12th 15:40~16:20 Vista

TOPIC : Emerging Leadership for Asia's Financial Market

We have heard a range of views today about Asia’s role and integration in the global economy. Let me take this opportunity to make a few observations about the development of healthy and sustainable financial markets. This, I believe, is one of the most important ingredients in the future economic evolution of Asia, as economic growth and capital flows typically go hand in hand.

What lies ahead for Asia’s financial markets and its growing role in the world is a topic of much interest these days, especially as Asia has responded to the global financial crisis with great skill. In fact, Asian sovereign ratings have been on an upward trend for some time, and in the last year, Standard & Poor’s has raised ratings on several governments in Asia, such as Indonesia.

I believe the resilience of the region is testimony to its growing maturity. And I am optimistic about Asia’s prospects as an emerging leader in the global financial landscape.

We are entering a historical turning point. The global focus is now shifting from the traditional G-8 viewpoint to emerging economies such as Korea, China and India. The road to long-term success will depend on the ability of companies and investors in Asia to access liquid, cost-effective funding in the capital markets.
That brings me to the question, “Why are capital markets so important?”
The simple answer is that they play a critical part in any major economy as a mechanism for allocating capital and for diversifying risk.

First and foremost, capital markets ? if they are transparent, liquid and well regulated ? have historically been the most efficient and effective system for bringing savers and borrowers together, for allocating capital to investment opportunities, and for enabling risk diversification.

It is capital markets that give investors the opportunity to see their savings grow over time. And it is capital markets that provide funding for enterprise and infrastructure, which, in turn, helps to raise productivity, create jobs and support increases in living standards.
In Asia, sources of funding are still generally dominated by bank lending and are less reliant on the capital markets. Most of the region’s bond markets currently account for a relatively small share of total financial assets.
China’s corporate bond market is less than 15% of GDP. And while Korea ? with the second largest bond market in Asia after Japan ? has a high rate of 60% of GDP, its bond market is still smaller than an established current account surplus economy such as Germany at over 100%.

Although Asia’s banks have proved resilient, there is a need to expand the sources of long-term capital, both equity and fixed income.

The most obvious reason is the changing structure of Asian economies in the years ahead.
Asian markets’ move from low productivity sectors to higher productivity ones in manufacturing and services will require more capital investment.

More affluent workers will mean more savings and greater sophistication in demand for financial products and services.

Moderator  Lee, Jun Kyu, Senior International Economic Policy Advisor to the Minister of Strategy and Finance

 

  Yukio Hatoyama
Oct.13th 08:25~09:00 Vista

TOPIC : One Asia & The Role of Korea and Japan

 

 

  Tony Blair
Oct.13th 09:00~09:50 Vista

TOPIC : Remarks by Tony Blair

Moderator  Fareed Zakaria, CNN Host, Fareed Zakaria GPS; Editor at Large, Time; Columnist, The Washington Post

 

  Paul Krugman
Oct.13th 13:50~15:10 Vista

TOPIC : The Global Economy

Moderator  Sohn, Sung Won, Professor, California State University

 

  Fareed Zakaria
Oct.13th 11:40~12:50 MGB1

TOPIC : Globalization - A New World

  Since the end of the Cold War, there has tended to be in the United States a sense that the whole world was moving in one direction. The destruction of Soviet Communism meant that all of a sudden there was one economic model, one paradigm, one world, and we were all hurtling toward it. You just had to catch the globalization train, open up your markets, and you would grow rich and be happy -- and look a lot like America.

  But a funny thing happened along the way to this global nirvana. We realized that the world was a lot more complicated. What we forgot was that while economic forces were propelling countries to give up state socialism and central planning, and while technological forces were bringing the world closer-there were other things going on as well. Many countries had their own ways of getting economic growth, their own political history, political preferences, institutions, and culture. So that capitalism in Sweden, China, and Brazil all look very different from each other. And none looks that much like America.

  ...Sometimes these historical, cultural forces play a larger role, a more damaging role. One of the things we have been obsessed with lately in the world is Islamic terrorism. The parts of the world where this problem comes from have a peculiar relationship to globalization. They can see, but they cannot touch. If you go around the Middle East, there are people who, because of the oil money, have access to the wealth, the consumerism and all the goodies of American capitalism, of Western capitalism. They can buy the cars, they can see the movies, they can eat the fast food, they can drink the soft drinks, but they can't make any of it. They can't truly own that process. They can't master it, because the oil money itself has produced a kind of weird dependency: It has made it unnecessary to modernize these societies. Why go through the hard work of building laws that favor entrepreneurship, that create sound money, that protect private property, that encourage economic growth, when all you need to do is dig a hole in the ground and sell the oil?

  These societies-I call them trust-fund countries-have easy access to unearned revenue, so the government doesn't need to do this hard stuff. This produces, however, economic stagnation and something worse: political stagnation. When a government doesn't have access to easy revenue, it has only one choice: to tax you. But in taxing you, it is making you very aware of that government, making you demand something of that government. You begin to demand things like accountability, transparency and good government.

  ...But the focus on this part of the world has obscured a broader phenomenon, of which the Middle East is just a part. Around the world, countries are finding a way to marry economics and technology with their own politics, culture and history. Brazil and Turkey: ten years ago, you would have thought of these two countries as completely classic Third World basket cases-1,000 percent inflation, nothing working, the government owns too much of the economy, no prospects. If you look at those countries today, they are impeccably managed, with very sound financial positions. Growth is at 5 percent or higher. Inflation is under 10 percent. Their credit ratings are good. They get clean bills of health from the IMF and the World Bank. But what's most astonishing is that they have democracies. They found a way to make it work. And it's actually happening not just in Brazil and Turkey. It's happening in the heart of Africa, with 14 countries growing at 4% or more, most impressive among them is the extremely well-managed regional giant, South Africa. Most importantly, it's happening in China and India. This is an extraordinary process, being fueled by economic and technological forces, but married to local context, culture, and politics. The natives are getting good at global capitalism. But they are doing it their way.

  Over the last five hundred years, the world has seen three seismic shifts of power with huge consequences. The first, around the 16th century, was the rise of the West, which has dominated the globe economically, politically and culturally ever since. The second, in the late 19th century, was was the rise of the United States of America, the single most powerful country the world has ever seen, which has shaped global order for 75 years now. And the third is the rise of Asia, first Japan, and now China and India. This last shift is taking place before our very eyes. We, or children, and their children, will live with its fallout.

Moderator  Cho, Yoon Sun, Member of the National Assembly, Republic of Korea

 

  Michele Norsa
Oct.13th 15:30~16:50 MGB1

TOPIC : The Heritage Values & The New Global Consumers

Moderator  Kim, Mi Hyung, Executive Vice President, Kumho Asiana Business Group

 

  Donald Trump Jr.
Oct.13th 17:10~18:30 MGB1

TOPIC : Real Estate: Balancing Local with Global & Entrepreneurship : Lessons Learned Growing Up in a Business Family

Moderator  Lee, Kwon, Partner, Kim & Chang

 

  John Naisbitt
Oct.14th 08:00~08:50 Vista

TOPIC : Megatrends - The Global Crisis & Asia’s Responses

Moderator  Sunny Yi, Managing Partner, Bain & Company’s Seoul Office

 

  Nouriel Roubini
Oct.14th 09:00~10:10 Vista

TOPIC : The Global Economic Recovery

The global economy will take years to rebalance in working through over-leveraged balance sheets of consumers and governments in many advanced economies. Growth will be uneven in the next few years depending on the country's debt situation and their rebalancing of exports to domestic growth. Many parts of Asia will continue to see above the global average growth.

Moderator  Chae, Wook, President, Korea Institute for International Economic Policy

 

  David Aaker
Oct.14th 11:40~12:50 Vista

TOPIC : Brand Relevance (making competitors irrelevant)

In today’s world a firm’s market position no longer reflects an ability to defeat completion but, rather, the ability to create offerings so innovative that competitors become irrelevant. The payoff is to win the brand relevance battle which is the driver of market dynamics and to avoid losing it. Innovation, a key element, needs to be accompanied by an ability to manage the perceptions of new categories and subcategories.

 Making competitors irrelevant is difficult and can require new methods, processes, and perspectives. New offering concepts need to be identified and evaluated and competitive barriers need to be created. In part that demands an organization that can execute a strategy but also be opportunistic while still having a disciplined resource allocation process.

Moderator  Katy Choi, President, Brand & Company

 

  Oliver Williamson
Oct.14th 15:30~16:50 Vista

TOPIC : The New Science of Organization Revisited

"Section 1 provides background for such a science, including criteria for judging would-be theories of organization. Section 2 examines the economics of organization, with a brief sketch of transaction cost economics and the lessons of TCE for the study of organization from other perspectives. Section 3 addresses design problems and intertemporal complications posed by public and private Bureaucracies and the lessons and unmet challenges that reside therein. Section 4 concludes."

Moderator  Yoo, Jin Soo, Professor, Sookmyung Women’s University

 

  Richard Thaler
Oct.14th 17:10-18:30 Vista

TOPIC : New Nudge

Moderator  Mark Gauger, Chief Development Officer, Frog Design

 

  Song Hong Bing
Oct.14th 10:20~11:30 MGB1

TOPIC : The Strategy of RMB Internationalization and Its Impact on Asia and World Economy

Moderator  Chaly Mah, CEO, Deloitte, Asia Pacific

 

  Eric Anderson
Oct.14th 14:30~15:20 Art

TOPIC : The Next 50 Years of Space Exploration

 

 

  Chris Hughes
Oct.14th 13:50~15:10 MGB2

TOPIC : The Facebook Story and the Future of the Social Web

Moderator  Jeong, Ji Hoon, Future Columnist, Operator of Future Blog “High-Concept and High-Touch”

 

 

  John Drzik
Oct.14th 10:20~11:10 Art

TOPIC : Linking Innovation to Demand: the Path to Success in a Post-Crisis World

 

 

 

  Kohei Nishiyama
Oct.14th 13:40~14:20 Art

TOPIC : User Innovation and Social Manufacturing

 Countries without natural resources have been keen on building a competitive edge on talent of individuals. Conventionally, providing high education to citizens and subsiding initial investment for start-ups have been the common ways to incubate entrepreneurship.

 But now fast movers such as Denmark are making a step further. The new focal point is to leverage the power of individual users. By sourcing the innovation that corporation need, society can achieve goals with strong effect: it can convert highly educated and inventive users into micro ventures and at the same time create a new pool of innovation for small enterprises.

 This way participatory user innovation platform can become a booster for the economy. CUUSOO has been serving as user innovation platform since 1999 in Japan. Kohei Nishiyama, founder of CUUSOO.com, will talk about the implications to corporate managers, public policymakers and individual designers.

 

 

  Mark Gauger
Oct.14th 11:30~12:30 Art

TOPIC : Tangible Innovation: Getting the Most from the Innovation Process