MES 2014: Review from 15 May - 16 May 2014

13TH MUNICH ECONOMIC SUMMIT

Free Trade and Prosperity

15 May - 16 May 2014

Just like capitalism and globalisation, free trade is one of those concepts that, despite having lifted the standard of living of countless millions, still give rise to ambivalent feelings. Even in France, which has undeniably benefited from it, free trade is regarded with deep suspicion.

After the financial crisis and the debacles it spawned, even its proponents seemed to be on the defensive. Still, free trade is the one big guarantor of prosperity. Is Europe doing enough to promote it globally?

Programme

Thursday, 15 May 2014

by Invitation of the City of Munich, Atrium

Welcome Address

Dieter Reiter

Lord Mayor of the City of Munich

Welcome

Michael Schaefer

Ambassador (ret.); Chairman of the Board of Directors, BMW Foundation Herbert Quandt, Berlin and Munich

Introduction

Hans-Werner Sinn

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

After Bali

For all its win-win logic, free trade is terribly hard to make acceptable to all parties. Even within single markets like the EU’s, countries are busily throwing up all kinds of non-tariff barriers. Further stumbling blocks are the stubborn defence of an outdated agricultural policy and the doomed attempts to solve some countries’ lack of competitiveness by hiding behind fortress-like walls. The breakthrough achieved in Bali opened new perspectives for world trade. But what are the real snags, and is there space for compromise? Are bilateral or regional trade agreements a suitable interim solution, or do they just undermine the sought-after global agreement while posing endless headaches to industry?

Chairman

Quentin Peel

ontributing Editor, Financial Times, London

Introduction

Joseph F. Francois

Professor of Economics, World Trade Institute (WTI), Bern

Speakers

Mukhisa Kituyi

Secretary-General, UNCTAD, Geneva

Nakgyoon Choi

Commissioner, Korea Trade Commission, Republic of Korea; Senior Research Fellow, Korea Institute for International Economic Policy

Paul Donovan

Global Economist and Managing Director, UBS Investment Bank, London

Karl-Ernst Brauner

Deputy Director-General, WTO, Geneva

William Y. Zhang

Chief Executive Officer, China Elderly Foundation, Beijing

Discussion

by Invitation of the Bavarian Minister-President, Vierschimmelsaal

Vierschimmelsaal

Presentation Speech

Stefan Quandt

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

Kaisersaal

Welcome

Georg Eisenreich

Bavarian State Secretary for Education and Culture, Science and the Arts

Programme

Friday, 16 May 2014

Boosting Transatlantic Trade

Waning it may be, with other hopefuls snapping at its heels for the world economic supremo slot, but the USA still is the EU’s largest trade partner.
A free-trade agreement with it would work wonders to smooth out the remaining wrinkles in their trade relations. Throw in Canada, the EU’s twelfth largest trade partner, and Mexico, the 20th largest, and you have every reason to look for ways to enhance trade ties with North America. Is Europe ready for a Transatlantic Trade and Investment Partnership? Who stands to benefit? Who stands to lose? What can it mean for a freer global trade? How does the rest perceive TTIP?

Chairman

Europe Editor, The Economist, London

Introduction

Gabriel Felbermayr

Professor of Economics, University of Munich; Director, Ifo Center for International Economics, Ifo Institute, Munich

Speakers

Karel De Gucht

European Commissioner for Trade, Brussels

Karl-Ludwig Kley

Chairman of the Executive Board, Merck Group, Darmstadt

Anton F. Börner

President, Federation of German Wholesale, Foreign Trade and Services (BGA), Berlin

William M. Drozdiak

President, American Council on Germany, New York

Discussion

Coffee Break

BRICS for Europe to Build With

For all their uneven performance of late, the BRICS still outpace the developed economies in growth and dynamism. And they still have a long way to climb. Add in the benefits offered by comparative advantages and specialisation and the trading opportunities are mouth-watering. What can Europe do to enhance trade with these countries? What can the BRICS do to enhance trade with the EU? Where are the most likely synergies? Which are the next BRICS-grade economies?

Chair

Katinka Barysch

Director of Political Relations, Allianz SE, Munich

Introduction

T.N. Srinivasan

Professor Emeritus of Economics, Economic Growth Center, Yale University

Speakers

Martin Brudermüller

Vice Chairman of the Board of Executive Directors, BASF SE, Hong Kong

Philipp Mißfelder

Member of Parliament, Foreign Policy Spokesman, CDU/CSU Parliamentary Group, Berlin

Oleg Sepelev

Senior Coordinator for BRICS Cooperation, UNIDO, Vienna

John Whalley

Professor of Economics, Director, Centre for the Study of International Economic Relations (CSIER), Western University Ontario, Canada

Xin Chen

Head of the Department of European Economy at the Institute of European Studies, Chinese Academy of Social Sciences (CASS), Beijing

Discussion

The available speeches of the Munich Economic Summit 2014 can be downloaded here. However, please keep in mind that the valid word is the spoken word.

Anton F. Börner

pdf

Xin Chen

pdf

Nakgyoon Choi

pdf

Gabriel Felbermayr

pdf

Joseph F. Francois

pdf

Karl-Ludwig Kley

pdf

Stephan Quandt

 

Dieter Reiter

pdf

Michael Schaefer

 

T.N. Srinivasan

pdf

William Y. Zhang

MES 2014 Video

Adam, Emanuel

Analyst, BritishAmerican Business, London

Aldrick, Philip

Economics Editor, The Times, London

Angermann, Franz

Head of Private Wealth Advisors & Financial Intermediaries, UBS Deutschland AG, Frankfurt/Main

Augustin, Stephan

Project Manager, Innovation Projects E-Mobility, BMW Group, Munich

Barker, Thorold

Europe, Middle East and Africa Editor, The Wall Street Journal, London

Barysch, Katinka

Director of Political Relations, Allianz SE, Munich

Bastiani, Adriano

Head of Casualty Facultative, Munich RE, Munich

Beckmann, Oliver

Head of Qualification, Social Entrepreneurship Akademie, Munich

Beier, Christoph

Deputy Spokesperson of the Management Board, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Eschborn

Belloni, Aldo

Member of the Executive Board, Linde AG, Munich

Bergfeld, Marc-Michael H.

Professor of Global Entrepreneurship and Family Firms, Munich Business School; Managing Director, Courage Partners GmbH & Co. KG, Feldafing

Bernhofen, Daniel M.

Professor of International Relations, American University, Washington, DC

Bhattacharyay, Biswa N.

Distinguished Fellow, Observer Research Foundation, New Delhi

Blume, Markus

Member of the Commission for Environment and Health, Bayerischer Landtag, Munich

Borggreve, Hendrik

Member of the Supervisory Board, The Royal Bank of Scotland, Frankfurt/Main

Börner, Anton F.

President, Federation of German Wholesale, Foreign Trade and Services (BGA), Berlin

Bortenlänger, Christine

Managing Director of the Board of Directors, Deutsches Aktieninstitut e.V., Frankfurt/Main

Brauner, Karl-Ernst

Deputy Director General, WTO, Geneva

Brosius, Barbara

Vice Chairman, UBS Deutschland AG, Frankfurt/Main

Brudermüller, Martin

Vice Chairman of the Board of Executive Directors, BASF SE, Hong Kong

Brunet Cid, Ferrán

Professor of Economics, Universitat Autònoma de Barcelona

Brünjes, Knut

Deputy Director General of Trade Policy, Federal Ministry of Economics and Technology, Federal Republic of Germany

von Büdingen, Georg

Director, European Patent Office, Munich

Calhoun-Senghor, Keith

Senior Counsel, Fulbright & Jaworski LLP, Munich

Carduck, Christian

Chief Department Manager Raw Materials Management, BMW Group, Munich

Chapalapalli, Sapthagiri

Director Central Europe, Tata Consultancy Services Deutschland GmbH, Frankfurt/Main

Chen, Xin

Head of the Department of European Economy at the Institute of European Studies, Chinese Academy of Social Sciences (CASS), Beijing

Choi, Nakgyoon

Commissioner, Korea Trade Commission, Republic of Korea; Senior Research Fellow, Korea Institute for International Economic Policy, Seoul

Chrobog, Jürgen

State Secretary (ret.); Chairman, Foxhall Group, Berlin

Coutts, Sheila

Economic Counsellor, Embassy of Canada, Berlin

Crosby, John R.

Political and Economic Officer, Consulate General of the United States, Munich

De Gucht, Karel

Commissioner for Trade, European Commission, Brussels

Deutsch, Klaus Günter

Director, Deutsche Bank Research in Deutsche Bank AG, Berlin

Dieter, Heribert

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

Doerner, Ulf

Head of Corporate Social Responsibility, Concordia Versicherungen, Hannover

Doesburg, Tonnis R.

Chairman, Alliander Group, Berlin

Dollendorf, Frank

Division Manager of Foreign Trade, Chamber of Commerce and Industry for Munich and Upper Bavaria, Munich

Dometeit, Gudrun

Deputy Head Political Desk, Focus Magazine, Munich

Donovan, Paul

Global Economist and Managing Director, UBS Investment Bank, London

Drozdiak, William

President, American Council on Germany, New York

Eckel, Carsten

Professor of International Trade and Trade Policy, University of Munich

Eisenreich, Georg

Bavarian State Secretary for Education and Culture, Science and the Arts

Eisinger, Gernot

Managing Partner and Founder, AFINUM Management GmbH, Munich

Erlen, Hubertus

Chairman of the Supervisory Board of Robert-Koch-Foundation, Berlin; Former Deputy Chair of the Supervisory Board, Bayer Pharma AG, Berlin

Ethiraj, Govindraj

Founder, IndiaSpend, Mumbai (BMW Foundation Responsible Leader Award Winner)

Evenett, Simon

Professor of International Trade and Economic Development, University of St. Gallen

Fabricius, Michael

Founder and Managing Director, Fabricius Vermögensverwaltung GmbH, Frankfurt/Main

Fargel, Yasmin

Professor of Human Resource Management and Organization, Technical University Nuremberg; Member of the Advisory Board, Semikron International GmbH, Nuremberg

Felbermayr, Gabriel

Professor of Economics, University of Munich; Director, Ifo Center for International Economics, Ifo Institute, Munich

Fidrmuc, Jarko

Professor for International Economic Theory and Politics, Zeppelin University, Friedrichshafen

Francois, Joseph F.

Professor of Economics, World Trade Institute (WTI), University of Bern

Frey, Astrid

Senior Economist, Swiss Re, Zurich

Frey, Peter

Former Chairman of the Executive Board, Swiss Re Germany AG, Unterföhring

Friedrich, Ingo

President, European Economic Senate, Munich; Former Vice President, European Parliament, Brussels

Goldstein, Andy

Managing Director, LMU Entrepreneurship Center, University of Munich

Gotschlich, Michael

Head of Division for Foreign Trade Policy and Europe (excl. CEE), North America, Bavarian Ministry of Economic Affairs and Media, Energy and Technology, Munich

Gushurst, Klaus-Peter

Managing Partner, Booz & Company GmbH, Munich

Hainault, Laurence

Managing Director, Credit Suisse, Paris

Haller, Dieter W.

Director General, Department of Economy and Sustainable Development, Federal Foreign Office, Federal Republic of Germany

Handschuch, Konrad

Head of Politics Section, WirtschaftsWoche, Düsseldorf

Haßler, Robert

Chief Executive Officer, oekom research AG, Munich

Hastenpflug, Wolfgang

Vice President of Government Affairs, Siemens AG, Munich

Haufler, Andreas

Professor of Economic Policy, University of Munich

Heinze, Christine

Vice President and Senior Regional Manager Asia, BayernLB, Munich

Heinzel, Claudia

Managing Director, Claudia Heinzel Consulting, Weihmichl

Heise, Michael

Chief Economist, Allianz SE, Munich

Hellström, Mats

Former Ambassador of the Kingdom of Sweden; Former Governor, County of Stockholm

Herrmann, Hans-Joachim

Chief Executive Director, Herrmann Holding GmbH, Bad Dürkheim

Hesse, Dominik

Managing Partner, Cannonball Capital GmbH, Munich

Heusler, Hans-Joachim

Managing Director, Bayern International GmbH, Munich

Hieber, Otto

Assessor jur., Munich

Hilgert, Heinz

Managing Director, TransVise GmbH, Frankfurt/Main

Hoffmeister, Frank

Deputy Head, Cabinet of Commissioner De Gucht, European Commission, Brussels

Höfinghoff, Tina

Managing Consultant for Transatlantic Relations, acatech - National Academy of Science and Engineering, Munich

Hofmann, Jürgen

Secretary General, Wirtschaftsbeirat der Union e.V., Munich

Hofmann, Monika

Economic Journalist, Das Redaktionsbüro, Munich

Hogrefe, Jürgen

Chairman, Hogrefe Consult, Berlin

Hörger, Axel

Chairman of the Board, UBS Deutschland AG, Munich

Hueck, Thomas

Chief Economist, Robert Bosch GmbH, Stuttgart

Hüfner, Martin W.

Chief Economist, Assenagon GmbH, Munich

Hummel, Jan

Managing Director, Paradigm Capital AG, Grünwald

Irmen, Andreas

Professor of Macroeconomics and Applied Microeconomics, University of Luxembourg

Irwin, Fred B.

Honorary President, American Chamber of Commerce in Germany, Frankfurt/Main

Janes, Jackson

President, American Institute for Contemporary German Studies, Johns Hopkins University, Washington, DC

Lady Judge, Barbara

Chairman, UK Pension Protection Fund, London

Jungen, Peter

Chairman, Peter Jungen Holding GmbH, Cologne; Governing Board Member, Institute for New Economic Thinking, New York; Chairman, Project Syndicate, New York

Kaps, Carola

Head of Press and Public Relations, Aktivsenioren Bayern e.V., Munich

Kaps, Franz H.

Former Senior Partnership Advisor, Europe and Central Asia Region, World Bank, Munich

Kapusta, Alexandra

Director Private Wealth Management, Bethmann Bank AG, Munich

Kasper-Claridge, Manuela

Head of Business Department, Deutsche Welle TV, Berlin

Kilian, Axel

Head UHNW Germany & Austria, UBS Deutschland AG, Frankfurt/Main

Kirchgeorg, Markus

Chief Executive Officer, Malloth Gruppe, St. Moritz

Kituyi, Mukhisa

Secretary-General, UNCTAD, Geneva

Kley, Karl-Ludwig

Chairman of the Executive Board, Merck Group, Darmstadt

Kohler, Wilhelm

Professor of International Economics, University of Tübingen

Kortüm, Franz-Josef

Vice Chairman of the Supervisory Board, Webasto Roof & Components SE, Stockdorf

Kozikowski, Michael

Managing Partner, Fiducon GmbH, Freising

Krass, Volker

Founder and Chairman of the Board, Krass Capital Group AG, Gräfelfing

Kreickemeier, Udo

Professor of Economics, University of Tübingen

Krumbach, Horst

Founder and Chairman, Generationsbrücke Deutschland, Aachen

Kuhnert, Felix C.

Partner, Automotive Leader Europe and Germany, PricewaterhouseCoopers AG Deutschland, Stuttgart

Lauk, Kurt J.

President, Economic Council of the Christian Democratic Union, Berlin; President, Globe Capital Partners GmbH, Stuttgart

Leeb, Thomas

Head of Munich Office and Senior Manager, BMW Foundation Herbert Quandt, Munich

Leuchtenberger, Rolf

Member of the Supervisory Board, European Economic Forum (EWiF), Hamburg

Lindner, Andreas

Chief Executive Officer, Worldguide AG, Munich

Litovsky, Alejandro

Founder and Director, Earth Security Initiative, London

Maihöfer, Rolf D.

Owner, MaihoeferConsulting, Frankfurt/Main

Mair, Stefan

Member of the Executive Board, Federation of German Industries (BDI), Berlin

Mangold, Klaus

Chief Executive Officer, Internationale Wirtschaftsberatungsgesellschaft mbH, Stuttgart

von Marschall, Christoph

Diplomatic Correspondent to the Chief Editorial Department, Der Tagesspiegel, Berlin

Martin, Maximilian

Founder and Managing Director, Impact Economy S.A., Geneva

Martin, Peter

Director, The European Commission Representation, Munich

Martinsohn, Udo

Former Member of the Board, Swiss Re Europe Holdings S.A., Unterföhring

Mellinghoff, Michael C.

Managing Director, Sharewise GmbH, Frankfurt/Main

Meyer, Michael

Executive Director, Meyer & Meyer Holding GmbH & Co. KG, Osnabrück

Milberg, Joachim

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

Mißfelder, Philipp

Foreign Policy Spokesman, CDU/CSU Parliamentary Group, German Bundestag, Berlin

Moeller, William E.

Consul General, Consulate General of the United States of America, Munich

Mosdorf, Siegmar

Parliamentary State Secretary (ret.); Partner, Communication and Network Consulting AG, Berlin

Müller, Kay

Chief Financial Officer, Allianz Real Estate GmbH, Munich

Münchrath, Jens

Business Cycle and Monetary Policy Editor, Handelsblatt, Düsseldorf

Nagel, Jens

Managing Director Foreign Trade, Federation of German Wholesale, Foreign Trade and Services, Berlin

Naik, M. Sevala

Consul General, Consulate General of the Republic of India, Munich

Negel, Michael

Chief Executive Officer, HPI AG, Munich

Niepelt, Dirk

Director, Study Center Gerzensee; Professor of Macroeconomics and Finance, University of Bern

Nitsch, Volker

Professor of Economics, Darmstadt University of Technology

Northoff, Thomas

Partner and Industry Leader Public Sector Germany, Deloitte & Touche GmbH, Munich

Nowak, Jamie

Partner, Norton Rose LLP, Munich

Paravani, Simona

Head of Global Research, HSBC Holdings plc, London

Pearson, Clare

Corporate Social Responsibility Manager Asia, DLA Piper UK LLP, Beijing

Peel, Quentin

Contributing Editor, Financial Times, London

Peet, John

Europe Editor, The Economist, London

Pfister, Jürgen

Former Chief Economist and Head of Research, BayernLB, Munich

Phetcharatana, Nongnuth

Ambassador of the Kingdom of Thailand, Berlin

Potrafki, Birgit

Vice President, Bosch GmbH, Gerlingen-Schillerhöhe

Quandt, Stefan

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

Redinger, Craig T.

Partner in Charge, Fulbright & Jaworski LLP, Munich

Reich, Hans Werner

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

Reiter, Dieter

Lord Mayor of the City of Munich

Richter, Frank-Jürgen

Chairman, Horasis: The Global Visions Community, Zurich

Riezman, Raymond

Professor of Economics, University of Iowa

Roeder, Frederik Curys

Director, Young Voices, Berlin

Ruokanen, Tapani

Editor-in-Chief, Suomen Kauppalehti, Helsinki

Ryan, John

Professor and Research Associate, Von Hugel Institute of St Edmund's College, University of Cambridge

Saavedra, Julio

Director, External Relations, CESifo, Munich

Sachsenmaier, Dominic

Professor of Modern Asian History, Jacobs University Bremen

Sauernheimer, Karlhans

Professor Emeritus of Economics, Johannes Gutenberg University of Mainz

Schachtner, Johann

Director General of Economic Policy, Bavarian Ministry for Economic Affairs and Media, Energy and Technology, Munich

Schaefer, Michael

Ambassador (ret.); Chairman of the Board of Directors, BMW Foundation Herbert Quandt, Berlin and Munich

Schmidt-Jortzig, Edzard A.

Attorney-at-law and Founding Partner, Schmidt-Jortzig Petersen Penzlin, Hamburg

Schneider, Michael

Chairman of the Supervisory Board, BayernLB, Munich

Schöberl, Maximilian

Head of Corporate and Governmental Affairs, BMW Group, Munich

Schreckenberg, Stephan

Head Risk Research Relations, Swiss Re, Zurich

Schü, Joachim

Managing Partner, Consileon Business Consultancy GmbH, Karlsruhe

Schuermann, Franz-Josef

Country Head Germany, Infosys Limited, Frankfurt/Main

Schulz, Martin

Managing Director International Equity, PNC Capital Advisors, Cleveland

Seeger-Regling, Sabine

EU Correspondent, VDI Nachrichten, Brussels

Sepelev, Oleg

Senior Coordinator BRICS Cooperation, UNIDO, Vienna

Siemens, Oltmann G.

Member of the Supervisory Board, Advanced Datacommunication Consulting AG (ADC), Berlin

Sinn, Hans-Werner

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

Sözbilir, Mehmet

Srinivasan, T.N.

Samuel C. Park Jr. Professor Emeritus of Economics, Yale University, New Haven

Stricker-Kellerer, Sabine

Senior China Counsel, Freshfields Bruckhaus Deringer LLP, Munich

Sturm, Hermann

President, Union of Medium-Sized Companies, Munich

Timm-Guri, Isabella

Director Production and Marketing, Bavarian Farmer’s Federation, Munich

Titiz, Serra

Founder and Managing Director, Mikado Consulting Services Ltd. Co., Istanbul (BMW Foundation Responsible Leaders Award Winner)

Trischler, Josef

Member of the Executive Board, Verband Deutscher Maschinen- u. Anlagenbau e.V. (VDMA), Frankfurt/Main

Ursprung, Heinrich W.

Professor and Chair of Political Economy, University of Constance

Vernau, Katrin

Partner, Roland Berger Strategy Consultants Holding GmbH; Dean, Roland Berger School of Strategy and Economics (RBSE), Hamburg

Viotti, Maria Luiza

Ambassador of the Federal Republic of Brazil, Berlin

Vogel, Jörg

Head of Department European and International Affairs, Bavarian State Chancellery, Munich

Weidenfeld, Werner

Director, Center for Applied Policy Research (C·A·P); Professor emeritus for Political Sciences, University of Munich

Welschke, Bernhard

Secretary General, Business and Industry Advisory Committee to the OECD (BIAC), Paris

Whalley, John

Professor of Economics and Director of the Centre for the Study of International Economic Relations (CSIER), Western University, Ontario

Wieck, Oliver

Secretary General, International Chamber of Commerce (ICC), Berlin

Wiesheu, Otto

President, Wirtschaftsbeirat der Union e.V., Munich

Willmann, Gerald

Professor of Economics, Bielefeld University

Wörner, Herbert

Head of Supervisory Board, Euro Asia Consulting PartG (EAC), Munich; Senior Advisor, Monitor Group, Munich

Zemaitaitis, Remigijus

Chairman, Committee on Economics, Parliament of the Republic of Lithuania, Vilnius

Zhang, William Y.

Chief Executive Officer, China Elderly Foundation, Beijing

Zheng, Liqiao

Counselor, Embassy of the People's Republic of China, Berlin

Zhou, Hong

Director, Institute of European Studies, Chinese Academy of Social Sciences (CASS), Beijing

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.

The CESifo Group Munich links the Department of Economics of the University of Munich and the Ifo Institute with the international economic research community. It also supports the international CESifo Research Network, an independent academic research community now numbering over 1270 internationally-renowned economists from around the world.

MEDIA Partner

Published in the United Kingdom since 1785, The Times has been regarded for much of its history as Britain’s newspaper of record. It plays an influential role in politics and shaping public opinion about foreign events.

Handelsblatt is the leading German-language financial and business newspaper, founded 1946. Handelsblatt readers belong to the decision-makers and opinion leaders in German business and society. Around 150 reporters and correspondents around the world have become a byword for critical and analytical journalism and exclusive up-to-date reports on national and global events backed up by in-depth research. Handelsblatt is published every trading day from Monday to Friday with sections on „business and politics“ and „companies and markets“ as well as a wide range of financial and investment information.