The subprime crisis and the general crisis of the global financial system in
2008 not only put the globalization process and all that it involves under extreme
pressure, but, at least for some, it called the entire system into question. What in
spring had seemed unthinkable, at least for those who had ignored Paul Krugman's blogs,
suddenly and without warning became hard reality.
A credo of today's prominent leaders is that thoroughly considered and internationally
effective regulation is needed to address almost all current global challenges, whether
they concern global warming, human rights and migration, or international finance. Such
regulatory systems will have to pay attention to ethics and morals, which is something
that the present collapsed system has failed to do.
This book provides insight into the functioning of the global economy, the
roots of the present international financial crisis and the responses of highly
distinguished politicians, industrialists and academics.
Table of Contents
Preface V
List of Contributors XV
Opening Addresses XVII
Joseph Straus XVII
Rüet;diger Wolfrum XIX
Dietmar Willoweit XX
Felix Unger XXI
Session I
Globalization and the Responsible Political Decision Making Danilo
Tüet;rk 3
The Challenge of Globalization and the Response of Politics
Güet;nther Beckstein 9
The Challenge of Globalization and the Response of Industry Andreas
Barner 17
Session II
The Role of Corporations in Shaping Globalization with a Human Face Klaus
M. Leisinger 27
Panel Statements
Personalities Make the Difference Robert W. MacGregor 49
Corporate Responsibility-Essential! Bertram Huber 55
Session III
Towards Creating the Right Kind of Globalisation-Why it does not happen, and what
to do about it Prabhu Guptara 61
Panel Statements
Global Tax Competition and Tax Cooperation Stanislaw Soltysiński 83
Improving Process of Globalization: Role of WTO Harsha Vardhana Singh 89
Session IV
The Subprime Crisis and Financial Regulation: An International Perspective
Kenneth W. Dam 95
Panel Statements
Does the World Need TRIPS-like Instruments in Other Areas of Commerce and Finance?
Herbert Kronke 109
The Future of Banking Regulation David H. Mcilroy 119
Session V
Regions Response to Globalization Emilia Müet;ller 133
Panel Statements
Munich as a Knowledge Hub Reinhard Wieczorek 141
Heterogeneous Response of Countries in Transition to the Globalization Challenge Andrzej
Olechowski 145
Experiences and Actions of the Committee of the Regions of the European Union
Gerhard Stahl 149
Session VI
Challenges of Globalization for Science and Research Hubert Markl 155
Panel Statements
The EmphasisShould be on Advantages not an Challenges of Globalization
Russell K. Osgood 167
In Need of an Ethic and Legal Framework to Secure International Cooperation
Sir Brian Heap 171
Valorization of Knowledge-A Key to Success Alain Pompidou 175
177 pages, Hardcover
