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03: Globalisation in Conflict with Economic Theory?

Breakout / Working Group
english language

There are today very few true economists who will actively argue in opposition to the economic aspects of globalization, characterized by the concepts of international free trade, free movement of labor, and free flows of capital. From its roots in Ricardian comparative advantage to the increasingly complex theories flowing out of the world s best economics schools, globalization is viewed by most economists as both credible and advantageous  its ill effects arising out of mismanagement and misguided or corruptive (and decidedly un-free trade) political maneuvers  as well as essential in reducing global poverty and increasing the prospects of developing countries in the long term. The working group will address how economists regard the economic political aspects of this, the  Second Era of globalisation, and how both must be managed to meet the needs of progressively more integrated societies, with an emphasis on the European Union.

Chairman, Peter Jungen Holding GmbH, Cologne
Head of Consulting, PwC PricewaterhouseCoopers GmbH, Wien
Chairman, Institute for Global Economic Growth, Washington, DC; Member of the Board of Directors, Cayman Islands Monetary Authority
Konsulent, Wien
em. Professor der Soziologie, Universität Bonn
Geschäftsführender Forschungsreferent, Walter Eucken Institut, Freiburg im Breisgau
President, Friedrich August v. Hayek Institute; Director, Austrian Economics Center, Vienna

Dr. Peter JUNGEN

Chairman, Peter Jungen Holding GmbH, Cologne

Co-Chairman of the Saudi-German Businessmens Dialogue CEO, steered its restructuring back to profitability, Strabag AG, Cologne Founder of Peter Jungen Hlolding GmbH, Cologne
  Chairman, Owner, Founder, Peter Jungen Holding GmbH
  Started his career with Otto Wolff Gruppe
  Co-Founder and Investor in more than 60 start-ups in Europe and in the USA, including Idealo Internet GmbH
  Partner, Halo Fund, Palo Alto
  Co-Founder, President, European Business Angels Network (EBAN)
  Co-Founder, President, International, Palo Alto
  Co-Founder, President, European Enterprise Institute (EEI)
  Vice Chairman, German Machinery and Plant Manufacturers' Association (VDMA)
  Chairman, Center on Capitalism and Society, Columbia University, New York
  President of the Small and Medium Entrepreneurs Union of the EPP (SME-Union), Brussels

Mag. Helmut KERN

Head of Consulting, PwC PricewaterhouseCoopers GmbH, Wien

Studium der Betriebswirtschaftslehre, spez. BWL Controlling und Rechnungswesen, Wirtschaftsuniversität Wien Staatlich geprüfter Unternehmensberater, Wirtschaftskammer Österreich Managing Director, Austria, Deloitte Consulting Geschäftsführender Gesellschafter, Beyond Consulting GmbH (vormals Deloitte Consulting GmbH), zuvor Global Partner, Deloitte Consulting, Managing Director Österreich Geschäftsführender Gesellschafter, Beyond Holding GmbH
seit 2003
seit 2006

Dr. Richard W. RAHN

Chairman, Institute for Global Economic Growth, Washington, DC; Member of the Board of Directors, Cayman Islands Monetary Authority

 Richard W. Rahn currently serves as a member of the Board of Directors of the Cayman Islands Monetary Authority. He is Chairman of the Advisory Board of the European Center for Economic Growth, a Visiting Fellow of the Heritage Foundation, and an adjunct scholar at the Cato Institute. He writes a weekly economic column for The Washington Times which appears in many other newspapers around the world. Previously, Dr. Rahn served as Vice President and Chief Economist of the Chamber of Commerce of the United States. He has written hundreds of articles for leading newspapers and has contributed to numerous books and professional journals, and is the former Editor-in-Chief of the Journal of Economic Growth. He has testified before the U.S. Congress on economic issues more than seventy-five times, and is a frequent commentator on radio and TV. He holds Ph.D. in Business Economics from Columbia University.


Konsulent, Wien

Eintritt in Bundeswirtschaftskammer für statistische und ökonomische Analysen Lektor an der Wirtschaftsuniversität Wien
 Hochschule für Welthandel
  Arbeit im Beirat für Wirtschafts- und Sozialfragen und WIFO
  als Referent der Wirtschaftspolitischen Abteilung zuständig für Energie und Technologiepolitik
ab 1974

Dr. Erich WEEDE

em. Professor der Soziologie, Universität Bonn

Dr. phil. an der Universität Mannheim Venia legendi für Politikwissenschaft (Universität Mannheim) Leitender wissenschaftlicher Mitarbeiter bei ZUMA, Mannheim Professor für Soziologie, Universität Köln
 Studium der Psychologie in Hamburg
 Studium der Politikwissenschaft und Soziologie in Bochum, Mannheim und Northwestern (USA)
 Mitarbeit im 'editorial board' mehrerer Fachzeitschriften (International Interactions, Journal of Conflict Resolution, Journal of Sustainable Development, Korea and World Affairs, New Asia, Pacific Focus)


Geschäftsführender Forschungsreferent, Walter Eucken Institut, Freiburg im Breisgau

Diplomvolkswirt, Universität Freiburg Forschungsreferent am MPI zur Erforschung von Wirtschaftssystemen, Jena Promotion, Universität Jena Visiting Scholar an der George Mason University und der New York University Assistent am Lehrstuhl Volkswirtschaft und Philosophie, Universität Witten/Herdecke Geschäftsführender Forschungsreferent am Walter Eucken Institut, Freiburg/2007 F.A. von Hayek Stiftungsprofessur an der Universität Innsbruck
seit 2002

Mag. Dr. Barbara KOLM

President, Friedrich August v. Hayek Institute; Director, Austrian Economics Center, Vienna

Assistant Professor, Department of Tourism and Service Economics, University of Innsbruck President, F. August v. Hayek Institute
since 2000

Economic Symposium

show timetable


12:00 - 12:15OpeningPlenary
12:15 - 14:00Globalisation: The Transition to a New BalancePlenary
14:30 - 16:00Facts and Figures: China and IndiaPlenary
18:30 - 21:30Reception hosted by the Austrian National BankSocial


07:00 - 08:30The International Competition for ResourcesPlenary
09:00 - 10:30DiscussionPlenary
13:00 - 16:00Working Group 01: Economic Factor and Resource of the Future: Environment and EnergyBreakout
13:00 - 16:00Working Group 02: Tourism: “New Markets Pay Off!”Breakout
13:00 - 16:00Working Group 03: Globalisation in Conflict with Economic Theory?Breakout
13:00 - 16:00Working Group 04: Fair Trade and the Fair Market of the FutureBreakout
13:00 - 16:00Working Group 05: Global Capital Markets and the Role of Hedge FundsBreakout
13:00 - 16:00Working Group 06: Corporate Management and Corporate Strategies in the European-Asian ContextBreakout
13:00 - 16:00Working Group 07: Plagiarism! What is the Value of Intellectual Property in Global Economy?Breakout
13:00 - 16:00Working Group 08: Corruption as a Globalising Factor – Challenges and Threats in Various SectorsBreakout
13:00 - 16:00Working Group 09: Business and Development: The International Dimension of Corporate Social ResponsibilityBreakout
13:00 - 16:00Working Group 10: European (Self-) Consciousness as Success Factor in GlobalisationBreakout
13:00 - 16:00Working Group 11: Insurance Coverage in National and International DisastersBreakout
16:30 - 18:00Special Lecture: Globalisation, Transparency, Democratic Legitimation and Medial Coverage of Political Decision MakingPlenary
18:00 - 21:30Wine & Cheese Reception hosted by the Tourism and Leisure Industries Division Vienna of the Austrian Federal Economic Chamber – WKOSocial
18:30 - 21:30Reception hosted by T-Systems Austria GesmbH and Tele2UTA Telecommunication GmbhSocial


07:00 - 10:30Political PerspectivesPlenary
10:30 - 10:45Closing RemarksPlenary