In response to the crisis, the State has intervened to rescue banks and financial institutions, to restore confidence in the market, and to guarantee loans and transactions. Within the space of a few weeks, the State in many countries has become the largest shareholder in major banks and insurance companies, resuming the role it had abandoned during the protracted era of privatizations.
“This plague has been a great scourge, but it has also served as a good broom, for it has swept away some, my children, from whom I never thought we would free ourselves… If things always worked out this way with the plague, it would really be a sin to speak ill of it”. It was in these words that the character of Don Abbondio, in Manzoni’s The Betrothed, described the epidemic that had brought about the demise of Don Rodrigo.
The approval of a renewable energy and climate change legislative package by the European Union in December 2008 is part of a wider push to formulate a global policy to combat climate change. Indeed, the Copenhagen Conference to be held in December this year will play a key role in deciding what should follow the Kyoto Protocol once it expires in 2012.
This seminar, focusing on the topic of cities of the future, brought together specialists in the field of urbanism, local administrators, entrepreneurs, urban traffic experts and representatives from the welfare sector. Divided into three day-long sessions, dealing with governing complexity, competitiveness and quality of life respectively, the seminar raised various issues for debate and put forward a series of concrete proposals aimed at resolving the many problems afflicting the governance of Italian cities.
The participants at this ASL seminar observed that history has always been marked by periods of change – the current one being no exception. The failure of the economic paradigms that underpinned Western development for decades has triggered a widespread sense of fear, which has translated into mistrust and instinctive and irrational behaviors.
The 8th Annual Conference of the Aspen Junior Fellows addressed the issue of solidarity at a time when the global crisis is widening social gaps. Indeed, imbalances in the concentration of global wealth and poverty are increasing, no longer merely signaling economic disparity but also a geopolitical – as well as a moral – differential that is impacting more and more on our future and on the carrying capacity of our planet.
This informal dinner event, organized by Aspen Institute Italia, focused on global governance issues and involved the participation – as guest speakers – of Joseph Stiglitz, economist and professor at Columbia University and Nobel Laureate, Jean-Paul Fitoussi, President of the OFCE in Paris, Meghnad Desai, Professor Emeritus at the London School of Economics, and Rakesh Mohan, Deputy Governor of the Reserve Bank of India.
As a concept, fraternity, the most obscure of the three words in the French revolutionary motto, has been sidelined for some considerable time, but today, the notion of solidarity that it represents is one that is giving many of us food for thought. At a time when we have reached a historical and cultural crossroads marked by an obvious global economic crisis that many believe has triggered the huge identity crisis that western society is currently experiencing, it is also providing the rationale behind some very real political proposals aimed at resolving the situation.
If Italy’s university system is to proceed in a new direction, there are two crucial areas that must first be given a complete overhaul: its governance and its financial framework. And, that such reforms have become necessary is certainly a widely held view. The shape of these reforms and the regulations and procedures to be adopted, on this, the eve of the sitting government’s presentation of its university reform bill, is however still a matter for lively discussion both within academia and, in more general terms, the public arena.
This talk-debate session focused on early signs of a global economic recovery. Whilst the light at the end of the tunnel may not yet be clearly visible, some important signals are already starting to emerge. The first of these is that the governments of EU countries have acted in a timely and effectively coordinated manner. Indeed, their actions have confirmed the primacy of the political sphere and an intergovernmental approach over action through EU institutions (and the European Commission in particular).
The participants of this roundtable discussion emphasized that any consideration of relations between banks and businesses should steer clear of simple dichotomies that view them as two opposing types of commercial entities. The behavior of banks and businesses should be assessed on a case-by-case basis in order to avoid simplistic generalizations.
The discussions at this roundtable event got underway with the acknowledgement that the flow of foreign direct investment (FDI) is an indicator which provides a snapshot of a country’s investment attractiveness and its competitiveness.
Discussion at this roundtable event got underway with the participants citing recent figures indicating that 70% of Italians anticipate they will have to cut down on spending in 2009. The figure was 21% in 2001, 29% in 2002 and 42% in 2004. At a time of international crisis, this growing trend is forcing businesses to rethink their business models.
The Aspen Seminar on Values and Society, conducted in English and held in collaboration with The Aspen Institute, followed the same format as the seminar held in Moltrasio (Como) on March 6-8, 2009. Aimed at a diverse group of participants, the event involved Aspen Junior Fellows, Friends of Aspen and young leaders from Italy and abroad. The debate was significantly enriched by the diversity of the geographic, personal and professional backgrounds of the participants.
The participants at this conference observed that, irrespective of the kind of institutional set-up a particular country may have, the public administration is the bridge between administrators and the administered. An efficient and modern public administration ceases to be a mere cost and becomes an asset for the productive system and a means for improving the quality of life of citizens and families.
For the third consecutive year and in collaboration with The Aspen Institute, the Aspen Seminar on Values and Society was held in Italy. Since 1951, this series of seminars, conducted in English, has been the widely-acclaimed cornerstone program of the Aspen Institute tradition in the United States. This latest event in the series involved Italian and overseas participants who, through an analysis and discussion of texts by classical and contemporary authors, debated the major universal values and their relationship with the issues of today.
The crisis currently in progress is exceptional for many reasons, including the fact that it seems to be the culmination of a series of rapid-growth phenomena. The globalization of the 1990s, while producing many positive effects, was too fast and was not accompanied by a sufficient adaptation of the major multilateral institutions, the rules (especially in the financial sector) and the world monetary system itself.
This event was part of the broader Aspen for the G-8 project, dedicated to Italy’s presidency of the G-8. The project aims to contribute to the formulation of guidelines for G-8 action characterized by coordinated efforts between the public and private sectors.
