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2010 Davos World Economic Forum 2010 Summary & Videos

Introduction to Jim Wesberry
GIVING THANKS
E-Magazines by Jim Wesberry
THE FALTERING EAGLE: Speech made in 1970
MIAMI KEYNOTE: Public Financial Management, 2016
CONFERENCIA: CONTROL INTERNO Y ÉTICA: ESTARÍAN PERTINENTES EN 2025?
CONFERENCIA 6a Conferencia de Auditores Ecuador: El Auditor Interno Frente sus Tres Mayores Desafios
CONFERENCIA CReCER 2015: Empresas Estales en Busca de Etica---State Enterprises in Search of Ethics
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DOCTORADO HONORIS CAUSA - UNIVERSIDAD INCA GARCILASO DE LA VEGA, LIMA, PERU - 2013
DECORATION BY THE PERUVIAN GOVERNMENT 1972
CONFERENCIA EN HUANUCO, PERU - El Auditor enfrenta la Erupcion de Corrup$ion del Siglo XXI -2013
CONFERENCIAS EN CHILE - 3 Mayores Desafios al Auditor Interno - 2012 - VIDEO y TEXTO
DOLLARCRACY ->>>>>>>>>>>>>>>>>>>>>>>>>>> $$$ COUNT.........PEOPLE DON'T
THE CONTINUING FINANCIAL CRISIS
GEORGIA CORRUPTION ON MY MIND
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AMERICA IN DECLINE? The Life Cycle of a Great Power
ACCOUNTANCY & AUDITING: MY CHOSEN PROFESSION
SERVICE AS PAGE IN US HOUSE OF REPRESENTATIVES 1949-51
SPECIAL INVESTIGATOR OF CORRUPTION IN STATE GOVERNMENT 1959-60
LEGENDS: Georgians Who Lived Impossible Dreams
Wesberry v. Sanders, 376 US 1 Landmark US House Reapportionment Case
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CALCULATE YOUR DEBT LIABILITY
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MANILA LECTURES AT FAR EASTERN & SANTO TOMAS UNIVERSITIES: Good Governance and Social Responsibility
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Some of the more important results of the conference

KNOWLEDGE@WHARTON

What Kind of Recovery Can We Expect, and When?

The question remains: What's next? Will the world's economic recovery -- assuming it has started -- follow the hoped-for V pattern, form a less desirable but acceptable U or turn into a much-feared W? There was little agreement on how the recovery will proceed. Threats, like panic sparked by a possible government-bond default in Greece or Spain, could roil the financial markets and world economy, many said.

READ WHARTON'S ANALYSIS

CLICK HERE TO GO TO TRANSCRIPTS OF WEF 2010 SESSIONS

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DAVOS

SUMMARY DATA

 The Forum reached 430 million readers in newsarticles online
• Over 210,000 viewers watched live on Livestream, 140,000 watched the sessions on YouTube
• Over 200,000 people polled on Facebook, 30,000 tweets mention Davos on Twitter

Rebuilding the global economy on a principled

• At the 40th World Economic Forum Annual Meeting 2010, participants found that the global recovery is fragile, and now is the moment to rethink values as the world rebuilds prosperity
• All countries in the G20 and beyond should find new pathways to sustainable growth and job creation
• Concretely, Bill and Melinda Gates, Co-Chairs of the Bill and Melinda Gates Foundation, which is a founding partner of the GAVI Alliance, pledged US$ 10 billion to vaccinate over 8 million children in the next decade
• Former US President William J. Clinton announced a joint initiative between the World Economic Forum, the Clinton Global Initiative and the UN to support Haiti’s long-term reconstruction
• Canadian Prime Minister Stephen Harper, South Korean President Lee Myung-Bak, Mexican President Felipe de Jesús Calderón Hinojosa and French President Nicolas Sarkozy all set forth agendas for global engagement to prevent future crises and to promote sustainability and principled growth
• Since its launch 10 years ago, the Global Alliance for Vaccines and Immunisation (GAVI) has saved over 4 million lives and has immunized an additional 256 million children in the world's poorest countries

At the conclusion of the 40th World Economic Forum Annual Meeting, participants pledged to rethink, rebuild and redesign the global economy based on sustainable principles. The sense of the Meeting, echoed by Lawrence H. Summers, Director of the US National Economic Council (NEC), was that the world was experiencing “a statistical recovery and a human recession.” “We are not out of the woods yet,” said Michael Oreskes, Senior Managing Editor of the Associated Press. “The recovery is still very fragile in many developed economies.” Principled leadership is key to stabilization.

“At the end, it’s an interdependent system,” said Josef Ackermann, Chairman of the Management Board and the Group Executive Committee of Deutsche Bank; Member of the Foundation Board of the World Economic Forum; and Co-Chair of the World Economic Forum Annual Meeting 2010. “If you lose the support of society, you are not going to achieve your corporate objectives.”

Job creation is critical to sustainable recovery. There is a role for all to play in job creation, underscored Patricia A. Woertz, Chairman, President and Chief Executive Officer of Archer Daniels Midland (ADM), and Co-Chair of the World Economic Forum Annual Meeting 2010. “And retaining jobs is as important as creating new ones.” The recession also demonstrated that the world must hear better the voices outside of the G8. “The self-confidence of emerging nations is completely different,” said Azim H. Premji, Chairman of Wipro, and Co-Chair of the World Economic Forum Annual Meeting 2010. He warned that in India and China “if services are put under severe, unreasonable restrictions, you will get tariffs overnight.”

“If you have lost the trust of societies, you cannot just respond technically, you have to respond morally,” said Ackermann. Rowan D. Williams, Archbishop of Canterbury, United Kingdom, urged participants to take collective responsibility for the future by being individually responsible now. Living responsibly in the present means living within ecological limits to ensure the security of work and food. "Responsibility for the future means being responsible for a vision of humanity which excites and enlarges us," he added.

• Expect tough financial regulation from the Obama Administration
• Financial regulation will be coordinated to avoid regulatory arbitrage
• Energy package to include nuclear to meet the challenges of climate change
• For all information about the Annual Meeting, visit www.weforum.org/annualmeeting


Davos-Klosters, Switzerland, 30 January 2010 − Expect “tough regulation” from the Obama

 Expect tough financial regulation from the Obama Administration
• Financial regulation will be coordinated to avoid regulatory arbitrage
• Energy package to include nuclear to meet the challenges of climate change
• For all information about the Annual Meeting, visit www.weforum.org/annualmeeting


 Expect “tough regulation” from the Obama Administration on financial services this spring, as well as an energy package. Addressing participants in a session on “The US Legislative Agenda: A Global Perspective” at the World Economic Forum Annual Meeting 2010, US congressmen and senators confirmed that despite bipartisan differences, there is agreement that financial regulation is imperative.

“There is a degree of bipartisanship, but I don’t think it will make a difference,” said Barney Frank, US Congressman from Massachusetts (Democrat), 4th District; Chairman, Financial Services Committee. “I expect the President to be signing a financial reform package this spring.” Frank noted that the proposed regulatory reform would be done in a coordinated manner. “There will be tough regulation but it will be sufficiently coordinated so that it will not create regulatory arbitrage,” he added.

Susan M. Collins, US Senator from Maine (Republican), acknowledged the “complete failure of regulation” and suggested that a board of regulators or a council should be in place, responsible for identifying systemic risk and black holes. “No matter how skilled (regulators) are, there will be a new risk product or process that will emerge. We need a regulatory system that is flexible enough, for example, to identify derivatives.” Collins pointed out that both Democrats and Republicans agree that the system failed and that regulatory reform is needed. “Whether they can come together, I hope so,” she said.

The challenge of climate change presents an opportunity for the US to break away from foreign energy dependence and to create jobs, according to Lindsey O. Graham, US Senator from South Carolina (Republican). “In his State of the Union Address, President Obama talked about nuclear power, offshore drilling and clean air. That is where America is at. You can disagree with me about global warming, but why don’t you join me to provide the next generation of Americans with cleaner air and purer water and in the process, create jobs?” Graham noted that the President’s comments signalled “significant change”, making it much more likely that a “bill could be put together.”

Brian Baird, US Congressman from Washington (Democrat), 3rd District, said it was “unlikely” that a cap-and-trade bill could be pushed through Congress. “But that doesn’t mean we cannot be an active player in reducing CO2,” he said. “It is important that we do not treat cap and trade as the sine qua non. There are other non-tax ways to achieve this.”

Scott Brown’s victory in Massachusetts could mean a more conciliatory attitude from both Republicans and Democrats. Edward J. Markey, US Congressman from Massachusetts (Democrat), 7th District; Chairman, Select Committee on Energy Independence and Global Warming, pointed out that in energy and climate issues, there was never a day when it was a question of 60 votes. “We all realize we have to work in a bipartisan fashion.”

Q UOTES FROM DAVOS
Josef Ackermann, Chairman of the Management Board and the Group Executive Committee, Deutsche Bank AG

“I always say, in terms of shareholder value or stakeholder value: at the end, it is an interdependent system. If you lose the support of the society, you are not going to realize your corporate objectives in the long run.”

Rowan D. Williams, Archbishop of Canterbury, United Kingdom

“Posterity is not just some abstract thing, from which we're divided. We, here and now, are the makers of a new generation, a new climate.”

Azim H. Premji, Chairman, Wipro Limited

“Even with some amount of recovery taking place in industrial production, I think the key issue virtually every country is facing is much higher unemployment. And a consequence of that is protectionism, which we are seeing across the world.”

Ronald A. Williams, Chairman and Chief Executive Officer, Aetna Inc.

“Each country really looks through its own lens at how capitalism has evolved and will unfold. And the political and regulatory framework is really going to be a combination of the policy perspective in that country, along with the politics, and, in some cases, populism.”

Patricia A. Woertz, Chairman, President and Chief Executive Officer, Archer Daniels Midland Co. (ADM)

“Agriculture has kind of been left behind in some of the other recoveries. So [we had] a lot more discussions about that – innovation, investment, how we're going to feed the billions of people in the world in the future.”

SUMMARIES OF DAVOS SESSIONS

Click on selected topic to read it


31.01.10  The Global Agenda 2010: The View from Davos 
30.01.10  Financial Risk Management 2.0? 
30.01.10  Connecting a Carbon- and Time-constrained World 
30.01.10  Zero Option for Corruption 
30.01.10  Japan in Transition 
30.01.10  Global Industry Outlook: Health, Consumers, Tech and Travel 
30.01.10  Rethinking Trade and Climate Change 
30.01.10  Rebuilding Water Management 
30.01.10  Redesign Your Cause 
30.01.10  Facing a Sea Change 
30.01.10  IdeasLab with Global Changemakers 
30.01.10  The Art of Musical Improvisation 
30.01.10  Redesigning Financial Regulation 
30.01.10  Weak Signals 
30.01.10  Global Economic Outlook 
30.01.10  India's Future Agenda 
30.01.10  More than Just a Game 
30.01.10  The Great Shift East in the Global Agenda 
30.01.10  IdeasLab with Technology Pioneers: Betting on Green 
30.01.10  Discover a Hacker's Mindset 
30.01.10  Rethinking the Global Commons: Biodiversity II 
30.01.10  IdeasLab with Young Global Leaders 
30.01.10  IdeasLab with University of Pennsylvania and The Wharton School 
30.01.10  Rebuilding Education for the 21st Century 
30.01.10  Public Service: Attracting the Best and the Brightest? 
30.01.10  What Every Person Should Know about Prostate Cancer 
30.01.10  The Nature of Intelligence 
30.01.10  Europe's Role on the Global Stage 
30.01.10  Crisis and the Human Condition 
30.01.10  Revolutionary Architecture 
30.01.10  Walking the Green Talk 
30.01.10  Towards an East Asian Community? 
30.01.10  The Sustainability of a Community 
30.01.10  Do You Trust Your Data? 
30.01.10  Securing Cyberspace 
30.01.10  The Gender Agenda: Putting Parity into Practice 
29.01.10  Global Industry Outlook: Heavy Industries 
29.01.10  Reinventing Management: The Challenge of Exponential Change 
29.01.10  Women Leaders Dinner: Identifying Your Identity 
29.01.10  IdeasLab with Harvard University 
29.01.10  Engineering a Cooler Planet 
29.01.10  Technology for Society 
29.01.10  Negotiations: Overcoming the Challenges of Emotions and Culture 
29.01.10  Managing the Growth of Nuclear Power 
29.01.10  Wanted: Capital 
29.01.10  Meet the Peacemakers 
29.01.10  Setting the Stage for the Girl Effect 
29.01.10  Business Leadership for the 21st Century 
29.01.10  Rethinking How to Feed the World 
29.01.10  Global Industry Outlook: Finance, Services and Media

 


29.01.10  Brazil: What Is Next? 
29.01.10  Neuroscience Update: The Power of Perception 
29.01.10  Rethinking Economic Progress 
29.01.10  The New Normal 
29.01.10  Redesigning a Healthy Start 
29.01.10  IdeasLab on the Global Redesign Initiative (New Institutional Approaches) 
29.01.10  Prepared for a Pandemic? 
29.01.10  Rebuilding Peace and Stability in Afghanistan 
29.01.10  Redesigning Capital Markets 
29.01.10  Replicating the GAVI Success Story 
29.01.10  Redesigning the Global Dimensions of China's Growth 
29.01.10  South Africa in 2010 and Beyond 
29.01.10  A Global Solution to Illicit Trade? 
29.01.10  Conversation with the King of Jordan 
29.01.10  Rebuilding the Grid 
29.01.10  Rethinking E-governance 
29.01.10  IdeasLab on the Global Redesign Initiative (Resources and Sustainability) 
29.01.10  Achieving Social Goals: The Power of Behavioural Science 
29.01.10  Beautiful Science 
29.01.10  From Alexander to the Last Legion: Science and the Historical Novel 
29.01.10  IdeasLab with Oxford University 
29.01.10  The Future of Journalism 
29.01.10  Rethinking Government Assistance 
29.01.10  Personalized Medicine 
29.01.10  Nuclear Non-Proliferation: Getting to Zero 
29.01.10  Creating Jobs and Strengthening Social Welfare 
29.01.10  2010: Dodging the Double Dip? 
29.01.10  Essence through Architecture 
28.01.10  Rethinking Business Ethics 
28.01.10  Rethinking Africa's Growth Strategy 
28.01.10  Restoring Faith in Economics 
28.01.10  Latin America: Facing the Democratic Challenge 
28.01.10  A Future by Design? 
28.01.10  What Every Person Should Know about Breast Cancer 
28.01.10  IdeasLab on the Global Redesign Initiative (Global Risks) 
28.01.10  Rethinking the Global Commons: Space 
28.01.10  State Leadership: An Opportunity for Global Action 
28.01.10  Redesigning with Technology Pioneers 
28.01.10  IdeasLab with EPFL-ETH 
28.01.10  Does an Algorithm Run Your Life? 
28.01.10  IdeasLab on the Global Redesign Initiative (Security Challenges for the 21st Century) 
28.01.10  Rethinking Market Capitalism 
28.01.10  IdeasLab on the Global Redesign Initiative (Economic and Social Welfare) 
28.01.10  Towards Low-Carbon Prosperity 
28.01.10  Rethinking the Global Commons: Fisheries 
28.01.10  Constructing the Ephemeral: Light in the Public Realm 
28.01.10  New Corporate Governance in the Post-Crisis World 
28.01.10  US-China: Reshaping the Global Agenda 
28.01.10  Redirecting Marketing 
28.01.10  Rebuilding Long-term Economic Growth

28.01.10  Managing the Global Commons 
28.01.10  Design for Change 
28.01.10  Rethinking the Balance of Power in the Middle East 
28.01.10  Rebuilding Critical Infrastructure 
28.01.10  Will India Meet Global Expectations? 
28.01.10  The Information Age and Human Behaviour II 
28.01.10  Lessons from the Next Generation 
28.01.10  Strengthening the Rule of Law 
28.01.10  Redesigning the International Monetary System 
28.01.10  Rebuilding Fragile States 
28.01.10  Revamping Development Aid 
28.01.10  The Power of the Purse 
28.01.10  Rethinking Leadership Development 
28.01.10  Global Challenges and the World Economic Forum 
28.01.10  Making Cap and Trade Work 
28.01.10  The Information Age and Human Behaviour I 
28.01.10  Global Energy Outlook 
28.01.10  IdeasLab on the Global Redesign Initiative (Values and People) 
28.01.10  Next Generation Materials 
28.01.10  Redesigning Consumption Patterns 
28.01.10  Values in Your Everyday Life 
28.01.10  The Outlook for South Africa 
28.01.10  Rethinking the Ageing Population 
28.01.10  Special Message 
28.01.10  Special Message 
28.01.10  Overcrowded World 
28.01.10  IdeasLab with Social Entrepreneurs 
28.01.10  The Economics of Happiness 
28.01.10  Groundbreaking Discoveries in Science and Technology 
28.01.10  Rethinking Humanitarian Assistance: Implications for Haiti 
28.01.10  Rethinking the Global Commons: Biodiversity I 
28.01.10  Rebuilding Trust in Business Leadership 
28.01.10  Reading Leaders' Minds 
28.01.10  The Art and Science of Imagination 
28.01.10  Rethinking the Global Response to Alzheimer’s Disease 
27.01.10  Piracy and Pandemics: From Past to Present Dangers 
27.01.10  What Is Life? 
27.01.10  Crisis and Culture 
27.01.10  The Power of Music 
27.01.10  Rethinking Philanthropy 
27.01.10  Haiti: First Responders Back from the Front Line 
27.01.10  The "Clash of Civilizations" Revisited 
27.01.10  The Rise of Asia 
27.01.10  Rethinking Compensation Models 
27.01.10  World Economic Forum Brainstorming: Redefining the Global Commons 
27.01.10  Lead on the Business Stage: Lessons from Shakespeare 
27.01.10  Rethinking Risk in the Boardroom 
27.01.10  Rebuilding Economics 
27.01.10  IdeasLab with MIT 
27.01.10  Rethinking Population Growth

27.01.10  Rethinking Energy Security 
27.01.10  Life on Other Planets? 
27.01.10  Who Is the New Consumer? 
27.01.10  IdeasLab with INSEAD 
27.01.10  Trouble with Bubbles 
27.01.10  Financing Low-Carbon Growth 
27.01.10  Management Innovations from the Fringe 
27.01.10  Rethinking Values in the Post-Crisis World 
27.01.10  Chronic Diseases: A Global Challenge 
27.01.10  The Next Global Crisis 
27.01.10  Rethinking Systemic Financial Risk 
27.01.10  Arts, Culture and the Digital Age 
27.01.10  Germs and Globalization 
27.01.10  Skills Creation: The Future of Employment 
27.01.10  The Growing Influence of Social Networks 
27.01.10  Rethinking Security in the 21st Century

CLICK HERE TO READ SUMMARY OF DAVOS PANEL ON "GLOBAL ECONOMIC OUTLOOK" (PDF, 14 pp.)

Click here to go to all Annual Meeting 2010 Webcasts, Podcasts and Vodcasts

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Whenever you find you are on the side of the majority, it is time to pause and reflect

                     --- Mark Twain

We have never observed a great civilization with a population as old as the United States will have in the twenty-first century; we have never observed a great civilization that is as secular as we are apparently going to become; and we have had only half a century of experience with advanced welfare states...Charles Murray

Kella
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