MES 2011: Review from 19 May - 20 May 2011

10TH MUNICH ECONOMIC SUMMIT

Europe at a Crossroads: The Role of the State in a Globalised World

19 May - 20 May 2011

The financial and economic crises have thrown all certainties about the role of the state in both society and the economy into doubt.

From state-heavy approaches through dirigisme to the social market economy, which model makes countries — or economic regions such as the EU — fitter for the future?

PROGRAMME

Thursday, 19 May 2011

by Invitation of the City of Munich, Atrium

Welcome Address

Dieter Reiter

Councillor, Head of the Labour and Economic Development Department , City of Munich

Welcome

Jürgen Chrobog

Chairman of the Board of Directors, BMW Stiftung Herbert Quandt, Berlin and Munich

Introduction

Hans-Werner Sinn

Professor of Economics and Public Finance, University of Munich; President, Ifo Institute, Munich

System Comparisons: How Competitive is the Social Market Economy?

Some state-heavy economies like China, Singapore, Taiwan, and South Korea appear to have weathered the recession rather well, while some free-market ones, such as the UK and the US, are still reeling. On the other hand, other dirigiste economies, notably Russia, Dubai and France, remain sluggish, while free-market ones such as Australia, Canada and Brazil are buoyant. Germany’s social-market, export-oriented model, in turn, seems to have secured a fairly strong rebound with even lower unemployment than before the crisis. The Nordic economic model has also proven its stability in times of global crisis. What conclusions can be derived? Which system would make Europe more competitive, and more resilient?

Keynote Address

Anders Borg

Minister for Finance, Kingdom of Sweden

Chairman

Anatole Kaletsky

Editor-at-Large and Chief Economics Commentator, The Times, London

Introduction

Peter Birch Sørensen

Assistant Governor and Chief Economist, Danish Central Bank, Copenhagen

Speakers

Georg Fahrenschon

Bavarian State Minister of Finance

Martin Wolf

Associate Editor and Chief Economics Commentator, Financial Times, London

Michael Hüther

Director and Member, Executive Board, Cologne Institute for Economic Research

Neo Boon Siong

Strategy Professor and former Dean, Nanyang Business School, Nanyang Technological University, Singapore

Discussion

by Invitation of the Bavarian Minister-President

Reception, Vierschimmelsaal

Presentation Speech

Stefan Quandt

Deputy Chairman of the Supervisory Board, BMW Group; Member of the Board of Trustees, BMW Stiftung Herbert Quandt, Berlin and Munich

Welcome

Martin Zeil

Bavarian State Minister of Economic Affairs, Infrastructure, Transport and Technology and Deputy Minister-President

PROGRAMME

Friday, 20 May 2011

The Role of the State in Society: Government vs. Citizen Responsibility

Pension and health-care entitlements are imposing a growing burden on the coffers of most states. In a few decades, they will make the size of the latest rescue packages seem trifling by comparison. What can the state nowadays actually afford to provide, in times of high public debt, ageing populations and globalised labour? Should the citizens be coaxed into taking more responsibility for providing for their own future? How can the state’s role as intergenerational bridge be improved?

Keynote Address

Ursula von der Leyen

Federal Minister of Labour and Social Affairs, Federal Republic of Germany

Chairman

Robert Thomson

Managing Editor, The Wall Street Journal; Editor-in-Chief, Dow Jones & Co., New York

Introduction

Giuseppe Bertola

Professor of Economics, Department of Political Science, University of Turin

Speakers

Martin Zeil

Bavarian State Minister of Economic Affairs, Infrastructure, Transport and Technology and Deputy Minister-President

Aigars Štokenbergs

Minister for Justice, former Minister of Economics, Republic of Latvia

Kurt Biedenkopf

Former Minister-President, Free State of Saxony; Chairman of the Board of Trustees, Hertie School of Governance, Berlin

Discussion

Coffee Break

The Role of the State in the Global Economy: Centralisation or Subsidiarity?

In France you can wash with private water; in Germany, perish the thought: water supply is one of the things firmly embedded within the public sector. Which approach is best? On a different level, governments must solve the Lehman-or-AIG conundrum: when should the state intervene in the economy? Do we need an active national or European industrial policy? Or an EU-wide economic government? Is it sensible for the state to place curbs on financial markets? What can be done about Europe’s North-South divide? With the EU bent on budget consolidation and the US still betting on deficit spending, is coordination at all desirable?

Keynote Address

Rainer Brüderle

Chairman, Free Democratic Party (FDP) Parliamentary Group, German Bundestag; Former Federal Minister of Economics and Technology, Federal Republic of Germany

Chairman

John Peet

Europe Editor, The Economist, London

Introduction

Jeffrey D. Sachs

Director, The Earth Institute, Columbia University, New York

Speakers

Norbert Reithofer

Chairman of the Board of Management, BMW AG, Munich

Dennis M. Nally

Chairman, PricewaterhouseCoopers International Ltd., New York

Lord Oakeshott of Seagrove Bay

Liberal Democrat Member of the House of Lords

Rolf Alter

Director for Public Governance and Territorial Development, OECD, Paris

Friedrich Merz

Chairman, Atlantik-Brücke, Berlin; Partner, Mayer Brown LLP, Berlin

Discussion

The available speeches of the Munich Economic Summit 2011 can be downloaded here. However, please keep in mind that the valid word is the spoken word.

Dieter Reiter

pdf

Jürgen Chrobog

pdf

Anders Borg

pdf

Sørensen, Peter Birch

pdf

Georg Fahrenschon

pdf

Martin Wolf

pdf

Michael Hüther

pdf

Ursula von der Leyen

pdf

Giuseppe Bertola

pdf

Martin Zeil

pdf

Norbert Reithofer

pdf

Rolf Alter

pdf

Alter, Rolf

Director for Public Governance and Territorial Development at the OECD, Paris

Adrian, Hermann

Professor, Institute of Physics, Johannes Gutenberg University, Mainz

Anders, Rolf

Managing Editor Germany, Dow Jones Newswires, Frankfurt

Augustin, Stephan

Industrial Designer; Project Manager, Innovation Projects at Project i, BMW Group, Munich

Baader, Uto

Chief Executive Officer, Baader Wertpapierhandelsbank AG, Unterschleißheim

Baecker, Ulf S.

Founder and Managing Partner, usbaecker, Hamburg

Bartels, Robin

Managing Director, Deutsche Bank, Munich

Barysch, Katinka

Deputy Director, Centre for European Reform, London

Behrend, Daniel

Director, UBS Wealth Management, Zurich

Beier, Christoph

Member of the Management Board, Deutsche Gesellschaft für Internationale Zusammenarbeit, Eschborn

Beise, Marc

Chief Economics Editor, Süddeutsche Zeitung, Munich

Berger, Roland

Honorary Chairman, Roland Berger Strategy Consultants, Munich

Bertola, Giuseppe

Professor of Economics, Department of Political Science, University of Turin

Biagosch, Andreas

Director, McKinsey & Company, Inc., Munich

Biedenkopf, Kurt

Former Minister-President, Free State of Saxony; Chairman of the Board of Trustees, Hertie School of Governance, Berlin

Bischofberger, Petra

PhD candidate and assistant researcher, University of Bern (Handelsblatt Summit Fellow)

Bocklet, Reinhold

Former State Minister; First Vice-President, Bavarian Parliament, Munich

Borck, Rainald

Professor, Department of Financial Economics, University of Passau

Borg, Anders

Minister for Finance, Kingdom of Sweden

Borggreve, Hendrik

Member of the Supervisory Board, The Royal Bank of Scotland (Germany) AG, Frankfurt

Breitsprecher, Andreas

Chief of Public Affairs, Corporate Communications, Vattenfall Europe AG, Berlin

Brok, Elmar

Member of the European Parliament, Committee on Foreign Affairs, Brussels and Strasbourg

Brüderle, Rainer

Chairman, Free Democratic Party (FDP) Parliamentary Group, German Bundestag; Former Federal Minister of Economics and Technology, Federal Republic of Germany

Buchholz, Wolfgang

Professor of Economics, University of Regensburg

Budrys, Dainius

Chairman of the Committee on Economics, Seimas of the Republic of Lithuania

Buettner, Thiess

Professor of Economics, University of Erlangen-Nuremberg

Calhoun-Senghor, Keith

Senior Counsel, Fulbright & Jaworski L.L.P., Munich

Cameron, Heather

Founder and Director, Boxgirls, Berlin; Professor, Educational Science and Psychology, Free University of Berlin

Carlsson, Staffan

Ambassador, Embassy of the Kingdom of Sweden, Berlin

Carstensen, Kai

Head, Business Cycle Analyses and Surveys Department, Ifo Institute; Professor of Economics, University of Munich

Chrobog, Jürgen

State Secretary (ret.); Chairman of the Board of Directors, BMW Stiftung Herbert Quandt, Berlin and Munich

Dagys, Rimantas Jonas

Chairman, Committee on Social Affairs, Seimas of the Republic of Lithuania

Danziger, Leif

Professor of Economics, Ben-Gurion University, Beer-Sheva

Dieter, Heribert

Senior Fellow, Global Issues Research Unit, German Institute for International and Security Affairs (SWP), Berlin

Doerner, Ulf

Head of Corporate Social Responsibility, Concordia Versicherungen, Hannover

Doesburg, Tonnis R.

Chief Executive Officer, Alliander Group, Berlin

Driessen, Peter

Chief Executive Officer, Chamber of Industry and Commerce for Munich and Upper Bavaria

Eder, Markus

Economic Policy Unit, Bavarian State Chancellery

Eggert, Wolfgang

Professor of Economics, University of Freiburg

Eltunsi, Amani

Director, Girls Only Radio Station, Cairo

Engel, Brigitte

PR and Media, Department of Public Economics, Max Planck Institute for Tax Law and Public Finance, Munich

Erlen, Hubertus

Vice-Chairman of the Supervisory Board, Bayer Schering Pharma AG, Berlin

Fabricius, Michael

Managing Director, Fabricius Vermögensverwaltung GmbH, Frankfurt

Fahrenschon, Georg

Bavarian State Minister of Finance

Friedrich, Peter

Professor of Economics, University of Tartu

Fugger-Babenhausen, Hubertus

Managing Director, Fürst Fugger Main Administration, Augsburg

Fugger-Babenhausen, Alexander

Proprietor, Fürst Fugger-Babenhausen Agriculture and Forestry Enterprises, Augsburg

Gehrke, Britta

Ph.D. Student in Economics, University of Erlangen-Nuremberg (Handelsblatt Summit Fellow)

George, Alexander

Senior Relationship Manager, UBS Deutschland AG, Munich

Gérard, Marcel

Professor of Public Finance, Catholic University of Louvain, Louvain-la-Neuve

Gfrerer, Anne

Head Identity & Communications, HypoVereinsbank - UniCredit Group, Munich

Gottschalk, Christoph

Consultant, Russel Reynolds Associates, Hamburg

Gretschmann, Klaus

Director-General for Competitiveness, Innovation and Research, Council of the European Union, Brussels

Grove, Nico

Assistant Professor, Infrastructure Economics & Management, Bauhaus University Weimar

Guérot, Ulrike

Head of Berlin Office and Senior Policy Fellow, European Council on Foreign Relations, Berlin

Haberkamm, Thomas

Public Affairs and CR Officer, Linde AG, Berlin

von Habsburg, Andreas

Global Head Corporate Advisory Group, UBS Deutschland AG, Munich

Handschuch, Konrad

Deputy Head of Politics Section, Wirtschaftswoche, Düsseldorf

Hastenpflug, Wolfgang

Vice-President, Government Affairs, Siemens AG, Munich, Germany

Haufler, Andreas

Professor of Economic Policy, University of Munich

Heinz, Gerit

Head, Wealth Management Research Germany, UBS Deutschland AG, Munich

Heister, Oda

Chief Executive Officer, Ashoka Deutschland GmbH, Munich

Helbig, Claus

Chairman of the Board of Directors, GLL Real Estate Partners GmbH, Munich

Hellström, Mats

Former Governor, County of Stockholm; Baltic Turntable, Stockholm

Hepenstrick, Christian

Ph.D. Student in Economics, University of Zurich (Handelsblatt Summit Fellow)

Heß, Dorit

Editor, Handelsblatt, Frankfurt

Hess, Thomas

Chief Economist, Swiss Reinsurance Company, Zurich

Hesse, Dominik

Founding Partner, Cannonball Capital GmbH, Munich

Hipp, Markus

Executive Director, BMW Stiftung Herbert Quandt, Berlin and Munich

von Hohenthal, Carl

Partner, Brunswick Group GmbH, Berlin

Hörberg, Robert

Executive Assistant to the Chief Executive Officer, Allianz Global Investors, Munich

Hornung, Karlheinz

Chairman of the Advisory Board, Q-Cells SE, Thalheim

Hüfner, Martin

Chief Economist, HF Economics Ltd., Krailling

Hüther, Michael

Director and Member, Executive Board, Cologne Institute for Economic Research

Irwin, Fred B.

President, American Chamber of Commerce in Germany, Frankfurt; Vice-Chairman, Citigroup Global Markets Deutschland AG & Co. KGaA, Frankfurt

Irwin, Fred B.

President, American Chamber of Commerce in Germany, Frankfurt; Vice-Chairman, Citigroup Global Markets Deutschland AG & Co. KGaA, Frankfurt

Jacobsen, John

Consul, Kingdom of Denmark, Munich

Janes, Jackson

Executive Director, American Institute for Contemporary Studies, Washington DC

de Jonquières, Guy

Senior Fellow, European Centre for International Political Economy, Brussels

Lady Judge, Barbara

Chairman of the Board, Pension Protection Fund, Croydon, Surrey

Kaletsky, Anatole

Editor-at-Large and Chief Economics Commentator, The Times, London

Kallas, Kaja

Chairman, Economic Affairs Committee, Parliament of the Republic of Estonia

Kanniainen, Vesa

Professor, Department of Political and Economic Studies, University of Helsinki

Kaps, Carola

Freelance Economic Correspondent, Munich

Kaps, Franz H.

Senior Partnership Advisor (ret.), World Bank Europe and Central Asia Region, Munich

Kapusta, Alexandra

Director, LGT Bank Deutschland & Co. OHG, Munich

Karnitschnig, Matthew

Germany Bureau Chief, The Wall Street Journal, Berlin

Keitel, Stefan

Global Chief Investment Officer, Credit Suisse AG, Zurich

Kemmer, Michael

General Manager, Member of the Board of Directors, Association of German Banks, Berlin

Kemnitz, Alexander

Professor of Economic Policy and Economic Research, Technological University of Dresden

Kessing, Sebastian

Professor of Economics, University of Siegen

Khrenov, Alexander

Consul, Russian Federation, Munich

Kinberg Batra, Anna

Chairwoman, Committee on Finance, Parliament of the Kingdom of Sweden, Stockholm

Klava, Ilgvars

Ambassador of the Republic of Latvia, Berlin

Klingholz, Reiner

Director, Berlin Institute for World Population and Global Development, Berlin

Klinz, Wolf

Chairman, Special Committee on the Financial, Economic and Social Crisis, European Parliament, Brussels

Knapp, Pamela

Member of the Management Board, GfK SE, Düsseldorf

Konrad, Kai A.

Director, Max Planck Institute for Intellectual Property, Competition and Tax Law, Munich; Research Professor at the Social Science Research Center, Berlin

Kornelius, Stefan

Foreign Editor, Süddeutsche Zeitung, Munich

von Kospoth, Carl-August

Managing Director, Eberhard von Kuenheim Stiftung, Munich

Köthenbürger, Marko

Professor, Department of Economics, University of Copenhagen

Krass, Volker

Chairman of the Board, Krass Capital Group, Gräfelfing

Krenzler, Horst G.

Honorary Professor of Law, Institute for International Law, University of Munich

Kronen, Juliane

Member of the Board, Right Livelihood Award Foundation, Stockholm

Kuhn, Martin

Partner, CMS Hasche Sigle, Munich

Kuhnert, Felix

Partner, PricewaterhouseCoopers AG Deutschland, Munich

Leeb, Thomas

Head of Munich Office and International Conferences, BMW Stiftung Herbert Quandt, Munich

von der Leyen, Ursula

Federal Minister of Labour and Social Affairs, Federal Republic of Germany

Löwy, Harald

Senior Sales Director Germany, Hitachi Data Systems GmbH, Dreieich

Maihöfer, Rolf D.

Managing Director and Head of Public Sector, Germany and Austria, Citigroup Global Markets Deutschland AG & Co. KGaA, Frankfurt

Mair, Stefan

Senior Vice-President and Member of the General Directorate, Federal Confederation of German Industries, Berlin

Martinsohn, Udo

Former Chairman of the Board of Management, Swiss Re Germany Holding AG, Unterföhring

Meier, Claudia

Researcher, Martin-Luther-University Halle-Wittenberg (Handelsblatt Summit Fellow)

Menhart, Michael

Head of Economic Research, Munich Re AG, Munich

Merz, Friedrich

Chairman, Atlantik-Brücke, Berlin; Partner, Mayer Brown LLP, Berlin

Metzger, Oswald

Author and Journalist, Bad Schussenried

Mikus, Anja

Managing Director, Chief Investment Officer, Union Investment, Frankfurt

Mosdorf, Siegmar

Former State Secretary; Partner, Communication and Network Consulting AG, Berlin

Nally, Dennis M.

Chairman, PricewaterhouseCoopers International Ltd., New York

Neo Boon Siong

Strategy Professor and former Dean, Nanyang Business School, Nanyang Technological University, Singapore

Neumann, Wolfgang

Executive Director, UBS Wealth Management, Zurich

Niebergall, Inge

Member of the Board of Management, Association of German Banks, Berlin

Northoff, Thomas

Partner, Public Sector, Deloitte & Touche GmbH, Munich

Lord Oakeshott of Seagrove Bay

Liberal Democrat member of the House of Lords, London

Ochel, Wolfgang

Senior Researcher, Ifo Institute, Munich

Panteghini, Paolo

Professor, Department of Economics, University of Brescia

Peet, John

Europe Editor, The Economist, London

Pinzler, Petra

Correspondent, Die Zeit, Berlin

Potrafki, Birgit

Commercial Plant Manager, Bosch Rexroth AG, Homburg

Poutvaara, Panu

Head, International Institutional Comparisons Department, Ifo Institute for Economic Research; Professor of Economics, University of Munich

Protte, Benjamin

Doctoral Candidate, University of Mannheim (Handelsblatt Summit Fellow)

Purainer, Harald

Chief Financial Officer, Schattdecor AG, Thansau

Quandt, Stefan

Member of the Board of Trustees, BMW Stiftung Herbert Quandt, Berlin and Munich; Deputy Chairman of the Supervisory Board, BMW AG, Munich

Rathgeb, Claudia

Consultant, Financial Services, Russell Reynolds Associates, Hamburg

Razin, Assaf

Professor of Economics, Cornell University, Ithaca

Redinger, Craig T.

Partner-in-Charge, Fulbright & Jaworski LLP, Munich

Reich, Hans W.

Chairman of the Supervisory Board, Citigroup Global Markets Deutschland AG & Co. KGaA, Frankfurt

Reiche, Katherina

Parliamentary State Secretary, Federal Ministry for the Environment, Nature Conservation and Nuclear Safety; Member of the German Bundestag, Berlin

Reichelt, Frank

Managing Director, Swiss Re Europe SA, Unterföhring

Reiter, Dieter

Councillor, Head of the Labour and Economic Development Department, City of Munich

Reithofer, Norbert

Chairman of the Board of Management, BMW AG, Munich

Richter, Frank-Jürgen

Chairman, Horasis: The Global Visions Community, Zurich

Rossi, Vanessa

Senior Research Fellow, International Economics Programme, Chatham House, London

Rottmann, Horst

Professor of Economics, University of Applied Sciences Amberg-Weiden

Ruokanen, Tapani

Editor-in-Chief, United Magazines Ltd./Suomen Kuvalehti, Helsinki

Rupprecht, Stephan

Member of the Executive Board, UBS Deutschland AG, Munich

Ryan, John

Professor, Center for Economic Policy Analysis, University of Venice

Sachs, Jeffrey D.

Chief Economist, Verband Deutscher Maschinen- und Anlagenbau e.V., Frankfurt

Sadka, Efraim

Henry Kaufman Professor of International Capital Markets, University of Tel Aviv

Scheffelmeier, Matthias

Project Manager, Ashoka's Youth Venture, Ashoka, Berlin

Schöberl, Maximilian

Corporate Communications and Politics, BMW AG, Munich

Schreckenberg, Stephan

Head of Risk Research Relations, Swiss Reinsurance Company, Zurich

Schü, Joachim

Chief Executive Officer, Consileon Business Consultancy GmbH, Munich

Seeliger, Gerd

Lawyer, Tax Consultant, CMS Hasche Sigle, Munich

Siemens, Oltmann G.

Co-Chairman, Advisory Board, First Trust Portfolios LP, Berlin

Sinn, Hans-Werner

Professor of Economics and Public Finance, University of Munich; President, Ifo Institute, Munich

Sørensen, Peter Birch

Assistant Governor and Chief Economist at the Danish Central Bank, Copenhagen

Štokenbergs, Aigars

Minister of Justice, Former Minister of Economics, Republic of Latvia

Stolper, Anno

PhD student, Economic Theory Department, University of Munich (Handelsblatt Summit Fellow)

Stuchtey, Sonja

Founder, Science-Lab, Feldafing

Sturm, Hermann

President, Union of Medium-Sized Companies, Munich

Suares, John

Financial Research, Sieger Advisers, London

Theil, Stefan

European Economics Editor, Newsweek, Berlin

Thomson, Robert

Managing Editor of The Wall Street Journal and Editor-in-Chief at Dow Jones & Co., New York

Tichy, Roland

Editor-in-Chief, WirtschaftsWoche, Duesseldorf

Udvari, Blanka Krisztina

Marketing Assistant, University of West Hungary, Sopron (Handelsblatt Summit Fellow)

Volz, Ulrich

Senior Economist, German Development Institute, Bonn (Handelsblatt Summit Fellow)

Wacker, Peter-Alexander

Chairman, Supervisory Board, Wacker Chemie AG, Munich

Warner, Jeremy

Economics Columnist and Assistant Editor, The Daily Telegraph, London

Weber, Johannes

Managing Partner, Social Venture Management GmbH, Munich

Weichenrieder, Alfons J.

Professor for Finance, University of Frankfurt

Wendeln, Bernard Jan

Managing Director, WEGA Support GmbH, Munich

Wieck, Oliver

Managing Director, International Trade and Development, Federation of German Industries, Berlin

Wieczorek, Bernd J.

Chairman, Egon Zehnder International GmbH, Berlin

Wiesheu, Otto

President, Economic Advisory Board of the Christian Democratic Union, Munich

Winer, Stanley L.

Canada Research Chair Professor in Public Policy, Carleton University, Ottawa

Winter, Joachim

Professor, Center for Empirical Studies, University of Munich

Wolf, Martin

Associate Editor and Chief Economics Commentator of the Financial Times, London

Wolf, Silke

Deputy Managing Director, Association of German Banks, Berlin

Wörner, Herbert

Senior Advisor, Monitor Group, Munich

Yamada, Keishi

Representative, Bank of Japan, Frankfurt

Zeil, Martin

Bavarian State Minister of Economic Affairs, Infrastructure, Transport and Technology and Deputy Minister-President

Zimmermann, Stefan

Researcher, Department of Personnel Economics, University of Würzburg (Handelsblatt Summit Fellow)

ORGANISERS

The BMW Foundation Herbert Quandt brings together people from across communities, cultures and countries to drive social innovation, facilitate global dialogue, and promote responsible leadership.We believe that our approach breaks down barriers between politics, business, academia, and non profits and allows society to benefit from the energy and creativity that result from cross-sector collaboration.

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