May 17, Tuesday 8:40-8:50 SPECIAL ADDRESS
Introduction: Richard D. Parsons, Chairman and CEO, Time Warner
Inc. Speaker: Zeng Peiyan, Vice Premier, People's Republic of China
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THE NEW ASIAN CENTURY The rise of China, the recovery and comeback of other
"tiger" economies, and the emergence of new regional powers are forging an Asia
that is a force to be reckoned with. As the region and its leaders assume a more
prominent role in the global economy, a host of demographic, economic, and
geopolitical trends is emerging.
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TECHNOLOGY AND THE NEW ASIAN CENTURY Speaker: Jong-Yong Yun, Vice Chairman
and CEO, Samsung Electronics, Ltd.
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THE AUTO INDUSTRY IN ASIA: AN OPEN ROAD? The auto industry offers a compelling
case study that is a microcosm of the issues and challenges of doing business in
Asia (and particularly China): government regulation, technology transfer and
intellectual property, global vs. local branding, sociological and environmental
impact, energy issues, and more.
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INDIA: THE OTHER EMERGING POWERHOUSE World-class, homegrown businesses that have
emerged in knowledge-based industries are transforming India into a key global
player. What needs to happen in other emerging industries for India to repeat
the success it has achieved in health care and information technology? Is India
poised to become a power in manufacturing as software is embedded in more and
more products?
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UNDERSTANDING CHINA'S CAPITAL MARKETS A strong, stable private-equity market is
critical to the economic growth of China and global markets. How are China's
young capital markets evolving? What are the barriers, both structural and
cultural, investors need to understand?
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CONCURRENT SESSIONS (I) The Falling Dollar's Global Impact The declining value
of the American dollar has had a tremendous impact on the global economy-an
impact likely to be even more pronounced if the yuan is unpegged from the
dollar.
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CONCURRENT SESSIONS (II) Perspectives on Doing Business in Asia: Understanding
What Works Views on business and economic development vary from country to
country, continent to continent. Formed by different social, educational, and
economic environments, the approaches, attitudes, and models that work in the
West do not always translate to the East. What do executives hoping to do
business in Asia need to know as they navigate this complex, nuanced business
arena?
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CONCURRENT SESSIONS (III) Corporate Governance Reform of corporate governance in
Asia has been ongoing since the late 1990s. But given the relative newness of
the concept to many Asian countries, what does "good governance" really entail?
What barriers do Asian culture, ethics, and values raise to implementing the
kinds of corporate governance practices that are standard in Europe and the U.S?
What rules are likely to be adopted in various Asian markets? 14.10-15.00
(IV) Creating a Global Workforce To succeed globally, multinationals need to be
able to manage human resources effectively on a worldwide scale. Various models
are being phased in with differing degrees of success. Can and should you try to
create a global corporate culture? How does adopting a global approach change
the already complicated issues surrounding attraction, retention, and
development of high-potential employees? Why do some see a truly global
workforce-with senior-level positions open to candidates worldwide-as the
ultimate solution?
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GENERAL SESSION (V) CNN Connects: CHINA RISING Televised live by CNN, and
chaired by CNN Anchor Jim Clancy, this session features a broad-ranging
discussion on the rapid economic growth in China and the huge gaps that remain
between rich and poor, city and country, East Coast and the West, and how the
leadership is addressing those challenges.
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GENERAL SESSION ENERGY: FINDING FUEL FOR CONTINUED ECONOMIC GROWTH
Sustainable development requires a sustainable energy supply. As the world's
appetite for energy continues to balloon, driven by the surging consumption of
crude oil in China and other industrial nations, readily accessible reserves are
drying up. Known untapped resources tend to be located in areas where extraction
costs are prohibitive. Is it time to get serious about alternatives? What are
the viable alternatives: nuclear, solar, wind, coal? How do countries balance
short-term need for energy to drive growth with longer-term effects on the
economy and environment? Is regional cooperation on energy a real possibility,
given different strategic interests?
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GENERAL SESSION THE WORLD ECONOMY: WHAT COULD GO WRONG? Not everyone paints a rosy picture about the current world economy and the outlook going forward. In this session, we'll hear three different views on what may be looming beyond the horizon if we don't heed the warning signs. Blackstone Chairman Pete Peterson and Morgan Stanley's chief economist Stephen Roach will share their visions of an inevitable economic meltdown in the U.S. caused by fiscal profligacy and the corrective action needed to avert it. Noted business consultant C.K. Prahalad will look at the underclass in India and China as a cause for concern and make a case for how companies doing business in those countries can fight poverty with profitability. Renowned Peruvian economist Hernando de Soto will analyze why capitalism has failed to translate to other parts of the world and talk about what actions governments need to take to enable impoverished citizens to turn their work and savings into productive capital.
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