Economic challenges of globalisation
XX ECONOMIC FORUM
conomic policy translates directly into the standard of living and social moods. In the contemporary world trust in institutions of economic life is a necessary prerequisite. The Polish stock exchange has become an important element of the economic landscape. Ludwik Sobolewski, President of the Board of the Warsaw E
Antonio Estella, Head of International Aairs and Cooperation, The Ideas Foundation, Spain Paolo Garonna, , General Directo , ANIA (Italian Association of Insurers), Italy Gyorgy Mosonyi, CEO, Member of the Board of Directors, MOL Plc, Hungary
Stock Exchange, emphasised that we have to adapt to globalisation and free capital
ow. An alternative is marginalisation and maybe even the disappearance of the ca-
pital market. The Polish stock exchange has to be open to the world, it has to allow foreign investment companies play an active part and it also has to understand the fact that investors’ capital can not only come, but may also go. We need to build a capital market which does not have a purely local dimension but an international one.
Debate: The Role of Multilateral Institutions in the Last Financial Crisis Charles Kovacs, Prezes, CIG Pannonia Life Insurance Co, Węgry; Kaspar Richter, Senior Economist, World Bank, Poland; Gyorgy Szapary, Economic Policy Adviser to the Prime Minister of, Hungary; Andriej Nieczajew, President, Russian Financial Corporation, Russia