// 01 RESTORING CONFIDENCE IN EUROPE HOW TO PUT THE ‘E’ IN EMU TO WORK:

While the euro has increased macroeconomic stability and expanded trade and financial integration, the sovereign debt crisis indicates that not all countries will get through unharmed.  What are the measures needed to restore confidence?  Klaas Knot, President of De Nederlandsche Bank, explains why Eurobonds could to be considered to prevent solvency problems and potential spillover effects.

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// 02 HOW TO LOCALIZE GLOBALIZATION AND MAKE A PARADIGM SHIFT – TAKING THE EXAMPLE OF INDIA

Multinational companies (MNCs) were usually present in high-end market segments but are increasingly forced to localize their production to compete with local firms, particularly in India. MCNs thus face many obstacles that need to be overcome. Taking the example of Siemens Ltd India, €2.4 billion in revenue and employing 10,000 workers, Dr. Ralf Thomas, the CFOs of Siemens AG, and Sunil Mathur, Siemens Ltd India, show how MCNs can successfully thrive in a changing emerging market in three phases.

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// 03 HOW FINANCE CAN SUPPORT INNOVATIONS

Particularly western businesses have to embrace innovation as they cannot compete on a cost basis alone.  Management control and entrepreneurship, often considered uneasy partners, need to be brought together to ensure that innovations are profitable and successful.  Dr. Stefan Asenkerschbaumer, Member of the Board of Management at Bosch, explains how his company has done just that and how other businesses can benefit from innovation by applying these principles, too.

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// 04 HOW MEGATRENDS INCREASE COMPANY VALUE

Megatrends are being discussed widely nowadays as the speed and intensity of change have dramatically increased over time.  But what exactly are megatrends and why are businesses increasingly incorporating them into their decision-making processes? For Evonik’s CFO, Dr. Wolfgang Colberg, megatrends can be effectively utilized to exploit new market opportunities.

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// 05 “UNPREDICTABILITY IS NOT GOOD FOR THE MARKET”

Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources in Saudi Arabia, shares his thoughts on current political tensions and its effects on oil demand, the country’s supply capacities and oil prices providing market stability. An interview.

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// 06 “WE NEED CHINA AS MUCH AS CHINA NEEDS US”

Saudi Aramco CEO Khalid A. Al-Falih explains in an interview the importance of China for Saudi Arabia and the world.  At a time where both countries increasingly start relying on each other, China’s SINOPEC multibillion deals with his country is a step towards a long-term economical and political cooperation.  An insight into a world-changing partnership.

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// 07 THE MISSING LINK IN THE OIL-PRICE DEBATE – DECLINING CRUDE EXPORTS

Oil subsidies in petroleum-exporting countries as well as taxes on alternative fuels in petroleum-importing countries alter natural levels of crude demand.  As the example of Nigeria shows, diminishing these oil subsidies is hard to implement.  Nonetheless, Deutsche Bank’s Mark C. Lewis sees other causes at the root of increasing oil prices.  What can be done to increase oil exports and thus stabilize petroleum markets?

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// 08 GERMAN ENERGY TURNAROUND – RESPECTED OR SHUNNED?

Since the nuclear catastrophe in Japan Germany has abruptly changed the course of its energy policies and has set an example for many other countries.  Former Austrian chancellor Dr. Wolfgang Schüssel sees Germany as an example as it increased GDP while decreasing primary energy demand for the last decade.  How can Europe’s energy turnaround be overcome and where lie the challenges related to that?

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// 09 WHERE IS THE ENERGY TURNAROUND TAKING US?

Germany’s ecological conversion towards alternative types of energy as a leading industrial nation is gaining global awareness. Yet, large investments in expanding and renewing the power grid are necessary and require materials from energy-intensive industries. Heinz-Peter Schlüter, Chair of the Supervisory Board at Trimet Aluminium AG advocates for lessening of energy regulations for these industries and explains how this can lead to higher industrial competitiveness to succeed in an ecological conversion.

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// 10 THE FUTURE OF NATO-RUSSIA COOPERATION

The conflictive positions on the missile defense issue by the NATO and Russia are disrupting the process of rapprochement after the Cold War. Currently, advances towards a joint missile defense system have been made. Allianz SE’s Wolfgang Ischinger and Chairman of the Munich Security Conference, discusses other possible alternatives given the threat of Iran. 

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// 11 WE MUST RELY ON THE US TO PULL US OUT OF THE MESS

For Meghnad Desai, Chairman, Advisory Board of the Official Monetary and Financial Institutions Forum, the BRICS are made out of straw and unable to provide answers to the economy’s problems.  Moreover, Europe’s growth seems to stagnate for the foreseeable future.  Is the U.S. really the world’s only possible solution?  

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