V ASTANA ECONOMIC FORUM:
NEW GLANCE AT GLOBAL ECONOMIC SYSTEM
Astana, May 25:
The challenges and prospects of the economic development in the context of
global transformation were discussed at the V Astana Economic Forum on 22-24
May at the Independence Palace of Astana, Kazakhstan’s capital. The annual
international forum once again brought together the world’s leading experts and
financiers, distinguished politicians, 11 Nobel Prize winners as well as heads
of international organizations and regional associations.
year the highly anticipated forum took place for the fifth time and hosted more
than 50 events with participation of more than 6500 delegates from 85
countries. It has already managed to become a major international platform for
at the opening ceremony of the forum, President of Kazakhstan Nursultan
Nazarbayev welcomed the key-note speakers and forum participants.
then went on defining the main challenges and problems of the world economy,
focusing on the world currency and economic crisis, which escalated into a
social crisis of the world overtaking many developed countries.
of the project “G-GLOBAL” that he initiated last year, President Nazarbayev
proposed to test the new format of dialogue within the Astana forum. The idea
rapidly received broad support in the political, expert and business circles.
few months the G-GLOBAL official website became popular. More than 30,000 users
from 140 countries have registered to discuss the topical issues of innovative
development, nuclear and environmental safety, ethnic and religious tolerance,
and other aspects of geopolitics,” President notes.
the well-being of the countries is impossible without a stable and secure
world, President Nazarbayev offered to develop the fundamental principles of
international order in the XXI century which should be mandatory for all
constructivism of the human civilization development, in my opinion, can be set
up on the basis of five principles, in other words, the principles of G-GLOBAL,”
Kazakh President says.
first principle is an evolution, not revolution.
second principle is justice, equality, and consensus. “It is vital that in the
long term the solutions of global problems at all levels would be made by
consensus,” Nazarbayev says.
third principle is a global tolerance and trust. According to President
Nazarbayev, tolerance should play a major role in relationship between states
regardless of the country’s geo-political weight and influence, level of
development of economy and society.
fourth one is the global transparency.
last but not the least is the constructive multilateralism.
the Kazakh President’s opinion, the only alternative solution to the
present-day threats and challenges is to create a constructive multilateralism,
a balanced system of geopolitical checks and balances.
such system powerful integration associations should co-exist peacefully and
work closely. In the near future, the Eurasian Economic Union should be among
them. I am convinced that only within a constructive multipolar system the
world will be able to solve pressing problems of global economy and elaborate
sustainable development,” President says.
his speech, President Nazarbayev called upon the forum participants to address
with an appeal the UN on holding the “World Anti-Crisis Conference on
Elaborating the Global Anti-Crisis Plan”.
other key-note speakers including the leading economists, politicians and
representatives of international organizations also addressed the forum
Prime Minister Recep Tayyip Erdogan said that today when the European and
global economy has slowed the pace of development, the reliability and
stability play the key role.
Deputy Secretary General for Economic and Social Affairs Sha Zukang also
delivered the message of UN Secretary General Ban Ki-moon to the forum
we have mistrust between the government and financial institutions, facts of
inequality, and therefore we need a revolution in thinking in the name of
justice and sustainable development. The new economic model must be based on
ecological sustainability and social development with the involvement of new
social strata,” Ban Ki-moon says.
of Germany Horst Koehler mentioned that the unstable world economy, especially
in the euro zone is due to anthropogenic factors.
of the highlight events of the forum was the “Dialogue of Leaders: The New
Financial and Economic Policy” which convened some of the world’s most
prominent figures in economics, business, politics, and the mass media for holding
a discussion of the current situation in the global economy and ways of
resolving topical issues during the dialogue
other major events were the permanent Conference of Finance Ministers of the
CIS countries, which focused on countering the regional recessions as well as
the development of the new mechanisms of the financial and economic stability,
as well as the third investment forum “Astana Invest 2012” which reviewed
investment opportunities and future prospects for Astana.
the V Astana Economic Forum the investment agreements totaling to US$ 1.5
billion were signed.