g8 summit publication 2013

5/28/2018 G8 Summit Publication 2013

1/100

GINTERVIEW:Sir Peter WestmacottBritish Ambassador to the United States

The G8 Publication 20

INSIDEG8

www.g20g8.com CATCOMPANYInc Publica

Powered by Imirus

AFTER LIBORAND ICAP,WHATS NEXTFOR FINANCIALTRANSPARENCYREFORM?

Global Development:Future of Agriculture

Northern Ireland:Conflict Resolution

Conflict:Balkan Peace and Prosperity


2/100

waters.com

2013 Waters Corporation. Waters and The Science of Whats Possible are trademarks of Waters Corporation.

Pharmaceutical & Life Sciences | Food | Environmental | Clinical | Chemical Materials

Waters an essential part of their food and

ss always know what theyre getting. Innovative

iver safe, quality products more efficiently

. Attribute it to a 50-year focus on innovation

t to helping laboratories in every way.

ntifically, operationally. In the end, its

ing shelves around the globe with food and

t taste great every time. To discover whats

possible in your world, visit waters.com/food.

All the ingredients for the safest,

highest quality food and beverages.


3/100

The G20 / G8Publication

Sponsored Feature/ Wat

At Waters, we know a challenge like this

is too great for any one organization or

country to tackle alone.

In our ongoing effort to deliver on the

promise of the The Science of Whats Possible,Waters is committed to developing the most

advanced technologies while also continuing

to establish strategic partnerships. Together, we

are able to create and continually advance the

most effective analytical innovations, helping

our customers respond to societys needs.

It is that spirit of collaboration which brought

Waters and the UKs Food and Environment

Research Agency (Fera) together, combining

our regulatory, scientific, and industry expertise

to open the Fera International Food Safety

Training Laboratory (IFSTL) in January, 2012

the first such facility here in Europe.

Led by experts from Fera and utilizing Waters

state-of-the-art technology, the Fera IFSTL

will train scientists from governments, private

organizations and companies who have aninterest in exporting food products to the UK

and Europe on the best available/fit-for-purpose

techniques to test for food contamination.

Trainees at the Fera IFSTL will study the latest

methods of analysis, operate top-of-the-line

instrumentation, learn food safety standards

and gain an understanding of how to apply

testing methods to meet regulations. This will

help promote a harmonization of practices that

will ease pressures on regulators and strengthen

the safety of the food supply before it reaches

the table.

Making Global Food Supplies Safer

The Fera IFSTL is the second in a growin

IFSTL network that will include multiple,

strategically-placed labs around the world. T

first IFSTL (JIFSAN IFSTL), located in the U.S

opened in September 2011, and is a partner

between the Joint Institute for Food Safety a

Applied Nutrition (JIFSAN), established with

University of Maryland and the U.S. Food an

Drug Administration and Waters Corporatio

The IFSTL network will improve food safe

by enhancing communication between

international regulators and promoting grea

and permanent channels of collaboration

between the public and private sectors. Thiunique partnership, in addition to thoughtfu

changes by governments and a systematic

approach to monitor food, from farm to tab

will improve food safety standards globally.

Because of Waters numerous strategic

partnerships around the world, we see

immense potential in public-private coopera

that combines expertise and focuses more

resources on a challenge like food safety.

As we look to the future, science and

collaboration will allow us to rise to any

challenge.

GLOBAL FOOD TRADE has more than tripled since 1990. Exports and imports currently exceed

$1 trillion per year. This steep growth rate makes the task of assuring food safety increasingly

diicultfor all governments and food manufacturers alike. In addition, governments around

the world are facing shrinking budgets and ever-changing regulations. Exporters also face the

challenge of ensuring that their food products meet ever more demanding standards in their

target markets. Varying standards in different countries add to the complexity for exporters

eager to comply.

Douglas A. Berthiaume: Chairman,

President & CEOWaters Corporation


4/100

NOWI HAVE A VOICE


5/100

In Borachi Village, Bangladesh, women like Mossamat Renuke Begum receive

animals and technical training to improve their income, enabling them to

feed, clothe and educate their families. They also have access to group

savings and loans to give them more financial stability and a way to grow

their businesses. Now they have a voice, positions of leadership and dignity.

Since 1944, Heifer International has provided livestock, tools and training to

more than 18.5 million families. Were working to END hunger and poverty

around the globe. Join us.888.5HUNGER

888.548.6437

Learn more atHeifer.org


6/100

The G20 / G8Publication 2013

Contents & Contributors

06 g20g8.com

Publisher:

Chris Atkins

Editor-in-Chief:

Ana C. Rold

[email protected]

Managing Editor:

Chrisella Sagers Herzog

[email protected]

Creative Director:

Christian Gilliham

[email protected]

T: (+44) 7951 722265

WELCOME NOTES:

Publishers Note

By Chris Atkins

Editors Note

By Ana C. Rold

Contributors:

Chrisella Sagers Herzog, Lara McLe

Dr. Richard Rousseau, Juergen Voe

David Schmidt, Dr. Christian Ketels

Bill Frist, M. Rifat Hisarciklioglu,

EF de Lencquesaing, Kris Gopalakris

Kimball Chen, Kris Gopalakrishnan

Eduardo Eurnekian, Tom Cardamo

Steve Keller, Patrick McQuillan,

Calie Hill, Oscar Montealegre,

Jodie Griffin, Dr. Valentina Bartolu

James George Jatras, John Currie,

Gerard Worms, Harold McGraw

& Victor Fung

Publishing Firm:

The CAT Company, Inc.

Chris Atkins, President

Global Advisory Group:

Chris Atkins, Peter Atkins

Jennifer Latchman,

Manuel C. Menendez III

(Chairman & Strategic Advisor)

Keith Foote Nyborg

(United States Ambassador (Ret.)

President of Sales:

Mike Nyborg

Sales Executives:

Ray Baker, Guy Furl, Tony Royle,

Juan Hierro, Amelia de La Cruz,

Don Stauber

Special thanks:Diplomatic Courier for theireditorial direction and strategy

To contact the editorsplease email us at:

[email protected]

CATCOMPANYInc

Masthead

GINTERVIEW: SirPeterWestmacottBritish AmbassadortotheUnited States


INSIDE G8

www.g20g8.com CATCOMPANYInc Publicat ions

Powered by Imirus


GlobalDevelopment: FutureofAgriculture

Northern Ireland: ConflictResolution

Conflict:Balkan Peaceand Prosperity

Features

02 Waters Corporation04 Heifer International07 DSX09 CAT Company Publications

CGcreate_Design & Art Direction11 Imirus15 Diplomatic Courier19 Grand Hotel of Europe22 Susan G Komen23 Westinghouse27 Hinckley Institute of Politics32 Invest Northern Ireland33 Royal Caribbean34 Brand South Africa51 Energy Transportation Group57 Zurich

59 University of Washington68 Villa Hotels73 SIXT Rent a car75 Global South Summit79 ICC G20 Advisory Group81 McGraw Hill Financial82 Verso Paper Corp99 Invest in Turkey100 Ettinger

Advertisers Index

16

1 2

June 2

COVER STORY:

16 / CHALLENGES AND OPPORTUNITIES FOR THE G8 By Chrisella Sagers Herzog

EXCLUSIVE INTERVIEW

12 / Sir Peter Westmacott KCMG, LVOInterviewed by Lara McLeod

Global Development:

36 / The Future of AgricultureBy Juergen Voegele

38 / To Feed the Future, We Need a Feast of Facts, and a Famine of Fear

By David Schmidt

40 / All Hands on DeckBy Dr. Christian Ketels

42 / The Future of Healthcare is Personalized Medicine

By Bill Frist

ICC G20 Advisory Group looks at G20 agenda:

44 / Towards a more inclusive G20 Agenda

By M. Rifat Hisarciklioglu

46 / B20: How to contribute to Responsible Finance?By EF de Lencquesaing

48 / ICT for a Better Tomorrow

By Kris Gopalakrishnan

50 / Energy Access and World ProsperityBy By Kimball Chen

52 / Making More with LessBy Kris Gopalakrishnan

54 / Growth and Infrastructure in Latin America

By Eduardo Eurnekian

Global Finance:

56 / Assessing David Camerons G8 Agenda on Tax and TransparencyBy Tom Cardamone

60 / What Threat Do The Monetary Policies of

Developed Nations Pose to Emerging Economies?

By Dr. Richard Rousseau

62 / Too-Big-To-Fail Syndrome

By Kris Gopalakrishnan

64 / The European Unions: Cycles of HistoryBy Steve Keller

66 / Debt and Instability: The High Costs of Secession in the Eurozone

By Patrick McQuillan

International Trade:

70 / Challenges of Tomorrow: What the Future Holds for the WTOBy Calie Hill

72 / WTO in the 21st Century?By Dr. Richard Rousseau

76 / Breaking BRICS

By Oscar Montealegre

78 / The Costs of Copyright in the TPPBy Jodie Griffin

Conflict Resolution:

90 / The spectre of terrorism and the Islamist Challenge in North AfricaBy Dr. Valentina Bartolucci

92 / Balkan Peace and Prosperity

By James George Jatras

94 / Northern Ireland: On the Brink of a Dangerous Marching SeasonBy John Currie

03 / Waters Corporation20 / Lough Erne Resort24 / Bombardier

28 / Intel30 / Northern Ireland80 / McGraw Hill Financial96 / Turkey Investment Board

Sponsored Features:

36


7/100

10731 Rockwall Road | Dallas, TX USA 75238-1219888.419.8353 | 214.553.6140 | [email protected]

Backwards CompatibleArchitecture

Alarm Text Message/ E-Mail Notification

Hot Swap RedundantCommunication Server

High Level ElevatorControl Interface

Integrated Wireless Locksets

Quality. Reliability. Integrity. The Security Professionals First Choice.

www.dsxinc.com

DSX Access Systems, Inc. No Per Seat LicensingIn System Pricing

LAN/WAN Compatible

Smart Card and BiometricIntegration

Unlimited AccessLevels Per Cardholder

Integrated PhotoID Badging

Backup SQL Server

CREATING THE FUTURE

OF SECURITY . . . TODAY

The Security Professionals first choice for todays security infrastructure, from one room to

multi-location complexes around the world. Our reputation is based on a time-honored

tradition of rock-solid quality, premium reliability and the integrity of DSX and our network of

factory-trained, authorized dealers and support.

When you are staking your reputation on a solution - choose the most powerful

and intelligent access control systems in the world, choose the total security

relationship with DSX.


8/100


Publishers Note

08 g20g8.com

Distinguished Guests

I would like to take this opportunity to thank all those involved fortheir dedication in helping produce the 17th G8 summit publication.

The CAT Company is the only enduring publishing company in the field,having published a G8 summit publication for 17 consecutive years continuingthe tradition and continuing to get great recognition as the Summits foremostpublisher.

The CAT Company is always improving the reach of the publication and its

contents and we are very happy to partner with Imirus, the leading e-booktechnology company. Readers can now download this publication on theirmobile devices on the Apple newsstand or the Android Google Play store.

We look forward to a very positive summit and we hope there will be somegreat outcomes in which the worlds leaders can improve all aspects thatare on the agenda today.

We wish the United Kingdom great success in hosting this years G8 Summit

Christopher AtkinsPublisher and Founder

Cat Company, Inc.

THE CAT COMPANY IS ALWAYS IMPROVINGTHE REACH OF THE PUBLICATION AND ITSCONTENTS AND WE ARE VERY HAPPY TO

PARTNER WITH IMIRUS, THE LEADINGEBOOK TECHNOLOGY COMPANY.

Powered by Imirus


9/100

Please go to theAPP Storeor Google Playstoreto download theapp to read the G20 andG8 magazines on your

mobile devices.

The CAT Company Inc. Contact: Chris Atkins on 1-801-783-5120 [email protected]

The CAT company is

the proud publisher

of the G8 Summit

publication and the

official G20 Summit

publication for the

international Chambeof Commerce G20

Advisory Group.

G8

THOUGHTLEADERSHIPN

orth

ernIrelan

dUnite

dKin

gdom

Jun

e17

/1

82

01

3

TheG8Publication2013

G INTERVIEW:Sir Peter WestmacottBritish Ambassador to the United States


INSIDE G8

www.g20g8.com CATCOMPANYInc Publications

Powered by Imirus

AFTER LIBORAND ICA P,WHATS NEXTFOR FINANCIALTRANSPARENCY REFORM?


Northern Ireland:Conflict Resolution


G20

THOUGHTLEADERSHIPS

tP

etersb

urgR

ussia

Jun

e2

02

01

3

TheOfficialICCG20AdvisoryGroupPublication

WELCOME:Vladimir Putin / A.N. Shokhin


ICC G20:ICT for a Better Tomorrow


The Official ICC G20 Advisory Group Publication

INSIDE G20

g20g8.com CATCOMPANYInc Publications

TOUGHDECISIONSAHEAD:THE FUTUREOF EUROPE

G

Powered by Imirus

m.+44 7951 722265

[email protected]

w.cgcreate.co.uk

DESIGN+ART DIRECTION

/MAGAZINES//COMPANY REPORTS///BROCHURES////CATALOGUES

/////IDENTITY//////BRANDING///////DIRECT MAIL////////WEB DESIGN

/////////POS//////////PRESS & MAGAZINE ADVERTISING

[CRAFTED SOLUTIONS

THE AGENCYOF CHOICE FOR

CAT PUBLICATIONSLETCGcreate

YOURS FOR YOU


10/100


Editors Note

10 theapecceosummit.com

Ana C. Rold

Editor-in-Chief

A Year of Transparency

For the past 17 years the producers of the publication you hold in your handshave sought to bring the leaders of the Group of Eight (G8) authoritativeopinions on policy as they relate to the most important items of the G8 AgendWe are thrilled once again to have produced a keepsake publication thatcommemorates the host governments agenda for the G8 this year and bringstop-level analysis to leaders at the Summit and around the world. As always,the articles and opinions in this 17th edition of the G8 Summit magazine

are penned by leaders for the leaders.Earlier this year, at the annual meeting of the World Economic Forum in

Davos, Switzerland, Prime Minister David Cameronthe host of the G8 thisyearset out a bold agenda for the worlds leaders. Leading the agenda weretrade, tax compliance, and transparency, indicators that will drive lasting globaprosperity in the years to come. We have added to this list agenda items thathave featured large (and continue to do so) in prior G8 summits. They includcrucial to global prosperity topics such as innovation, food security, and confliresolution. We are also particularly honored to feature an exclusive interviewwith His Excellency, Sir Peter Westmacott KCMG, LVO, the British Ambassadorto the United States.

Below are the agenda items Prime Minister David Cameron discussed at DavTrade.First were going to push for more openness on tradein the

European Union were about to embark on our biggest ever programme of freetrade agreement negotiations and of course theres the beginning of negotiatioon an EU-U.S. trade deal A deal between us could add over fifty billionpounds to the EU economy aloneand create over two million jobs acrossthe European Union.

Tax.We want to use the G8 to drive a more serious debate on tax evasionand tax avoidance. This is an issue whose time has come. After years of abusepeople across the planet are rightly calling for more action and most importanthere is gathering political will to actually do something about it.

Transparency.I want this G8 to lead a big push for transparency across thedeveloping world. So were going to push for more transparency on who ownscompanies, on whos buying up land and for what purpose. We can be thegeneration that eradicates absolute poverty in our world but well only achievethat if we break the vicious cycle and treat the causes of poverty and not justits symptoms.

We have assembled a unique set of answers to these challenges in these pagand we hope you will enjoy another world-class publication put together by aworld-class team of international editors and writers.

Thank you for reading.


11/100


12/100


Interview/ Sir, Peter Westmacott KCMG, LVO, British Ambassador to the United States

12 g20g8.com

Interview by:Lara McLeod, Diplomatic Courier Correspondent


13/100

THOUGHT LEADERSH

SIR PETER WESTMACOTT, KCMG, LVObecame British Ambassador to the United

States in January 2012. This is his second posting in Washington, having previously

served as the British Embassys Counsellor for Political and Public Affairs in the

mid-1990s.

Prior to his service as ambassador to the United States, Peter served as the British

Ambassador to Francefrom 2007 to 2011and as Ambassador to Turkey starting in 2002.

Peters forty-year career in the British Diplomatic Service has included postings in Tehran

and Brussels, time as the Foreign and Commonwealth Offices Director for the Americas, an

a seat on the board of the Foreign Office as Deputy Under Secretary. In addition, he served

as Deputy Private Secretary to His Royal Highness The Prince of Wales from 1990 to 1993.

Peters personal connection to the United States extends back even further than his

diplomatic posting. In 1942, his father was a sailor on the HMS Illustrious as it underwent

repairs in Norfolk, Virginia to recover from damage inflicted during fighting at Malta.

As David Cameron has said, too many summits these

days are about mile-long motorcades, entourages and

meaningless pledges, not concrete action. This will

not be that kind of summit.

DC:The overarching themes for this G8

summit are trade, taxes, and transparency.

Out of the three, do you see one theme

taking precedence?

PW:What unites the three Ts is that theyre

all about restoring longer-term prosperity to

the world economy. Free trade is essential

to unlocking pent-up potential for growth.

Addressing tax evasion, as well as being the

right thing to do, could bring billions of

Interview with

Sir Peter Westmacott

dollars back into the public purse and red

the need for higher taxes. And transparen

as David Cameron has noted, is one of th

fundamental conditions for sustained grow

in any economy, whether advanced or

developing. So rather than three separate

issues, the three Ts actually form a single,

coherent package.

DC:In terms of trade talk at the G8,

there seems to be a trend toward trade

liberalization and free-trade agreements.

What do you see this doing for the G8community, and how will this help G8

economies?

PW:I am delighted to see the progress all

G8 countries are making on free trade. Th

Obama Administration is making strides

toward a Trans-Pacific Partnership with it

Asian allies. The EU, whose four biggest

economies are G8 members, is now

negotiating around eleven free trade

agreements, including with two other G8

members, Canada and Japan. Following

Russias accession in August last year,

ADDRESSING TAXEVASION, AS WELLAS BEING THE RIGHTTHING TO DO, COULD

BRING BILLIONS OFDOLLARS BACK INTOTHE PUBLIC PURSE

AND REDUCE THE NEEDFOR HIGHER TAXES.


14/100

this will be the first G8 Summit where all

eight member countries are also members

of the WTO.

The biggest prize of all in free trade will

be the Transatlantic Trade and Investment

Partnership (TTIP) between the EU and theU.S., which we hope to start negotiating

in the summer. GDP gains from bringing

together the worlds two biggest economies

could be in the hundreds of billions,

putting us back on the road to growth

and employment and sending a powerful

signal about our leadership on trade.

DC:In terms of taxes and the strengthening

of international tax standards, do you see the

main focus being within the G8 community, or

will the focus be towards improving developing

countries ability to collect due tax?

PW:No one countryor even eight countriescan effectively tackle tax evasion and

avoidance. At the G8 we hope to make

progress on agreeing on or to for information

sharing, so that we can track the flow of

money into offshore accounts.

But the G8 should also help developing

countries to improve their systems and tackle

abuses so that all governmentsno matter

their size or sophisticationcan collect the

taxes they are due. For example, for years the

UK has worked with Ethiopian authorities to

help them establish better tax collection, and

in less than a decade, the amount of tax

collected has increased seven-fold.

DC:In terms of transparency, how do you

think that the G8 summit will reach its goal?

What terms should be in place to assure this

sort of transparency internationally?

PW:Transparency means giving citizens the

information they need to hold governments

and others to account for their actions. Its

only right that the G8 countries, as some of

the most advanced and powerful nations

in the world, should take the lead. So, for

example, we will push our G8 partners to

introduce rules compelling their energy and

mining firms to publish what they pay togovernment officials.

Governments should also walk the walk, of

course, by making their own data public. So

one of the things the G8 leaders will discuss

is an Open Data Charter containing standards

for publication to ensure that government

information is properly formatted for

peoples computers, accessible to everybody,

comparable between countries, and so on.

Too often, the proceeds of shady dealings

around the world end up being laundered

through financial institutions in G8 countries.

This is unacceptable. So we will work to

establish mechanisms to track these flows

of illegal money and put a stop to them.

DC:Do you see transparency and food

security being linked in this G8 Summit?

PW:Yes. Our efforts to make public more

details of our aid projects, including of course

those on food security, will encourage more

effective spending by allowing taxpayers and

recipients to hold us to account. Also under

the transparency rubric, we will work with

developing countries to publish importantinformation about the way companies and

governments manage one of the most

precious resources of allthe land.

This should have a direct impact on

food security because it will encourage

the most efficient use.

On food security more generally, we are

looking forward to strengthening the New

Alliance, an anti-poverty project established

at last years G8 thanks to strong American

leadership. Food security and nutrition is an

important focus for the Alliance, which aims

to bring 50 million people out of poverty.

Fundamentally, of course, all of our effor

to encourage development should improve

food security by helping developing countr

to grow their economies.

DC:The statement regarding the Lough Er

2013 is that we will return the G8 to its

roots... one table and one conversation, wi

G8 leaders holding each other to account.

Can you shed some light on what exactly y

think the meaning and outcome of getting

the G8 back to its roots will be?

PW:As David Cameron has said, too many

summits these days are about mile-long

motorcades, entourages, and meaningless

pledges, not concrete action. This will not

that kind of summit. Bells and whistles wil

be kept to a minimum. Leaders will speak

each other directly and frankly in order tohammer out meaningful commitments

on the major issues.

The relatively secluded setting of Lough

Erne in Enniskillen, Northern Ireland, has

been specifically chosen to create the right

environment for this.

DC:There has reportedly been criticism for

the UKs decision to hold the G8 Summit in

Northern Ireland. What is your take on the

location, and the fact that the summit will

coincide with loyalists protest campaigns?

PW:Over the past 15 years, Northern

Ireland has emerged from sectarian conflic

to become one of the most exciting places Europe to trade, invest, visit, and study. Th

choice of Enniskillen to host the Summit is

a tribute to that transformation and an

opportunity for Northern Ireland to show t

world how far it has come (and the stunni

beauty of it landscape). Of course, there ar

always protests at G8 summits, wherever t

are held. As long as they are peaceful, we

respect and will protect the right to protest

DC:Since the development of the G20, man

have wondered whether or not the G8 sum

hold significant power. What is your take

on this?PW:Of course, the G20 is now the premier

forum for global economic cooperation.

But the G8 has an important, broader role.

Remember that G8 members together

represent half of global GDP, nearly two th

of worldwide defence spending, and almos

70 percent of international aid spending. It

remains a very powerful grouping, capable

of addressing the broadest range of econom

security, and development issues in a

small, intimate and, consequently,

powerful setting.

14 g20g8.com


Interview/ Sir, Peter Westmacott KCMG, LVO, British Ambassador to the United States

OVER THE PAST

15 YEARS, NORTHERNIRELAND HAS EMERGEDFROM SECTARIANCONFLICT TO BECOMEONE OF THE MOST

EXCITING PLACES INEUROPE TO TRADE,INVEST, VISITAND STUDY


15/100

DIGITAL NEWSSTANDread theDIPLOMATICCOURIER

on iPad, iPhone, &Android

Follow us:


16/100


Cover Story/Financial Transparency Reform

Cover Story by:Chrisella Sagers Herzog, Managing Editor

16 g20g8.com

G8 leaders can keep the momentumofglobal financial reform rolling.



17/100

THOUGHT LEADERSH

IN APRIL 2013, it was announce

that the Commodities Future

Trading Commission (CFTC) isinvestigating Wall Street banks a

the London-based firm ICAP, the

worlds largest broker of interest

rate swaps, for what has been

called the twin brother to the

LIBOR interest rate-fixing scandal of 2012

Matt Taibbi ofRolling Stonedetailed how

up to 15 megabanks, including Bank of

America, JP Morgan Chase, Barclays, UBS

and the Royal Bank of Scotland may have

been colluding with a small group of brok

at ICAP to manipulate the ISDAfix numbe

used to calculate the prices of interest rate

swaps used for debt-management by bigcities, sovereign governments, and major

corporations. Perhaps, as a U.S. federal

judge said in his ruling dismissing a class

action lawsuit against the banks for

LIBOR-related offenses, it was our own

fault for thinking banks were in a

competitive market.

What would come of such an investigatio

So far only Iceland has been willing to

prosecute bankers for their misdeeds, whi

much of the U.S. and EU are still operatin

under the mindset of too big to fail. Bot

the SEC and the Department of Justice are

notoriously revolving doors between Wall

Street and government oversight. Fewpoliticians, particularly in the U.S., have

demonstrated the political willpower

SO FAR ONLYICELAND HAS

BEEN WILLING

TO PROSECUTE

BANKERS

FOR THEIR

MISDEEDS.


18/100


Cover Story/Financial Transparency Reform

necessary for making painful, long-term

reforms to regulation systemsnot when

the short-term consequences, including a

drop in campaign donations, would hitbefore any perceived benefits, and before

the next election cycle.

Yet at the same time, these issues are

deeply harming our global potential for

economic growth. Sovereign insolvency and

fiscal instability is increasingly scaring off

investment as well as innovation. Consumer

confidence, still battered from the 2008 crisis

and lingering high unemployment, is only

further discouraged by reports of bank

misbehavior.

So what can be done to improve global

financial transparency? The International

Monetary Fund has developed the Code ofGood Practices on Transparency in Monetary

and Financial Policies in cooperation with

the Bank for International Settlements, as

guidelines for best practices in financial

transparency. Originally laid out in 1999,

the Code warrants a reexamination in thewake of the cascading series of scandals

since the 2008 financial crisis, as it advocates

for public and open commitment to

accountability.

First, the Code calls for a clarity of

roles, responsibilities, and objectives. The

relationship between financial institutions

and oversight agencies must be clearly

defined, publicly disclosed, and written

into law. No longer can there be a revolving

door between the big banks, sovereign

governments, and the law firms that both

represent the banks and provide pools of

candidates for political appointees. A clearset of boundaries would prevent conflict of

interests, such as the assistant U.S. Attorney

General declining to prosecute anyone over

the LIBOR scandal because, Our goal here

not to destroy a major financial institution.

Second, the Code calls for an open

process for formulating and reporting polic

decisions. Banks have to be transparent intheir processes and decision-making.

Nowhere has this been more clearly

demonstrated than in the LIBOR scandal,

during which traders would ask the LIBOR

submitters to fudge numbers in exchange

token favors like day-old sushi or a bottle o

champagne; or the ICAP scandal, in which

traders would delay the reporting of numbe

in order to get trades in before they go pub

(In the stock market, this is called insider

trading, and those convicted of doing it are

subject to jail time.) It clearly results in a

great deal of profit for not only the banks b

also for those in charge of the trades; it is nwonder that Bloomberg reports the interest ra

swap desk became known as Treasure Islan

Third, the Code calls for the public

availability of information on policies.

With trillions of dollars floating around,

as it currently stands, it is a system ripe

for manipulation. The European Federation

of Financial Services Users wrote in the

summer of 2012 that, In general, those

markets which are based on non-attested,

voluntary submission of data from agents

whose benefits depend on such benchmark

are especially vulnerable of market abuse a

distortion. If these numbers were reported

real time, as they are in the New York StocExchange, would be one step toward closin

these vulnerabilities and creating a more

transparent system.

Finally, the Code calls for accountability

and assurances of integrity. Trust in

corporate leadership, particularly banks, is

at an all time low. It is not enough to simp

implement reforms and regulation; leaders

from both the public and private sectors m

actively communicate progress to the

public. Most importantly, there must be

demonstrable progress, and leaders must

be responsible to public opinion.

As world leaders gather, it is moreimportant than ever that they take the

suggestions for reform of the financial

system toward further transparency serious

The global economy has begun to recover,

but the growth so far has not seemed to be

sustainable, particularly with scandals such

as these. Reform is needed now, more than

ever before. Guidelines exist for this to

happen, and it is now time for tangible res

from these suggestions to come to fruition.

G8 leaders can keep the momentum of

global financial reform rolling.

18 g20g8.com

SOVEREIGN INSOLVENCY AND

FISCAL INSTABILITY IS INCREASINGLY

SCARING OFF INVESTMENT AS WELL

AS INNOVATION.

Biography

Chrisella Sagers Herzogis the

Managing Editor of the Diplomatic

Courier magazine. S he writes on issues

ranging from technology developments

to global economic security, and she

is the author of a forthcoming book on

Iranian politics.


19/100

Choose from St Petersburg's largest selection of Beluga, Oseitra and Salmon caviar dis

Experience the finest authentic Russian cuisine in art noveau surroundings at Russia's most historic hotel.

Open from 17:00 until 23:00 every day.


20/100


Advertorial/Lough Erne

20 g20g8.com

G

LORIOUS LOUGH ERNE RESORT

has one of the most luxurious

destination hotels in Northern Ireland

with excellent food from Executive

Chef Noel McMeel in the award-winningCatalina restaurant, cosy bars, restorative pool,

and Thai Spa complete with an expert team of

Thai therapists who use divine Ytsara products

and traditional Thai techniques. An ideal base

for touring the nearby lakes and local area,

Lough Erne Resort also features a magnificent

game of golf on its truly exceptional

inland course.

Winner of Hotel of the Year at the 2011

Northern Ireland Tourism Awards and venue

for this years G8 Summit, Lough Erne Resort

is a 5 star resort with a spectacular setting on

Lough Erne ResortLovely lakeside luxury in Fermanagh

a private 600-acre peninsula between Lower

Lough Erne & Castle Hume Lough. A beautifully

tranquil setting at any time of year, the Nick

Faldo-designed course at Lough Erne Resort

with its links-like fairways, dramatic scenery,and superb all-round playing conditions have

made it a Top 10 Course in Golfweeks Best

Great Britain & Ireland course rankings.

Just minutes away from Enniskillen town

and 90 minutes from Belfast and Dublin, and

with an emphasis on five star luxury and

comfort, the Resorts 120 deluxe rooms & suites

have panoramic views over Castle Hume Lough

and The Faldo Championship Golf Course.

From traditional afternoon tea in the Garden

Hall to choosing a whiskey from the selection

of 101 varieties in the Blaney Bar, a delicious

slow roast belly of pork with seared Irish

scallops, black bacon & Armagh apple puree

in the Loughside Bar & Grill, or the pleasure

of Chef McMeels full tasting menu in Catali

Restaurant, Lough Erne Resort is a feast forthe senses, and a showcase for the finest

local and artisan producers.

Another feast for the senses and one of

the most indulgent aspects at Lough Erne

Resort is the Thai Spa, the only wholly Thai

spa experience in Ireland and the UK, wher

an array of specialist Thai treatments are

provided by therapists who originate from

and are expertly trained in Thailand. Along

with the indoor infinity pool and thermal

suite, the relaxing surroundings of the

Thai Spa provide the perfect backdrop


21/100

THOUGHT LEADERSH

to some dedicated pampering.

There are wonderful walks throughout the

grounds, along with countless activities on site

and nearby, including the Golf Academy for

the keen golfers, themed gourmet diningevenings or cookery demonstrations from the

Resorts award-winning chef Noel McMeel,

casting lessons and fishing for pike with a

resident game angling instructor, sailing,

canoeing, mountain biking, pony trekking,

walking, exploring the local historic towns and

sites (Belleek Pottery, Boa Island, Inish Rath

Island, National Trust properties), cultural &

heritage tours with local historian and

genealogist John Cunningham, seaplane or

helicopter tours of the surrounding area, and

the Irish Whiskey Tasting experience in

association with Bushmills.

With somewhere golfer Rory McIlroy

endorsing it as a great place to play and a

great place to stay, Lough Erne is looking

forward to welcoming a particularly prestigiousgroup of guests this summer, when world leaders

congregate at the Resort for the G8 Summit.

At Lough Erne Resort we are looking

forward to offering our guests at the G8, as

with all our guests, our 5 star service, says

the Resorts General Manager Ferghal Purcell.

We are more than proud to have our beautiful

resort selected as the venue and the backdrop

for this prestigious meeting. We look forward

to giving the delegates, the guests, and the

worlds media a true Northern Ireland

welcome.

Information

Lough Erne Resort, Belleek Road,

Enniskillen, Fermanagh, BT93 7ED

Tel:+44 (0)28 6632 3230

www.lougherneresort.com

WINNER OFHOTEL OF THE YEAR

ATTHE 2011 NORTHERN

IRELAND TOURISM

AWARDS AND VENUE

FOR THIS YEARS

G8 SUMMIT.


22/100

Help cure breast cancerand save womens lives.

Visit komen.org

With the help of locally funded grants from Susan G. Komen , Alantheia, Sonia and Marian received suppthat helped each woman afford her screenings and surgeries. Komen also connected Bridget to a cancercenter where she found a doctor who actually believes she has a fighting chance. Theyre all real women,leading real lives and surviving a very real disease: breast cancer. But none of them can do it alone. Andthankfully, none of them have tobecause Komen is standing with them, too.

We each have or have had breast cancer.

We each fight alone, but we stand together.

And we each refuse to give up. Ever.

WE ARE SUSAN G. KOMEN.


23/100

Westinghouse AP1000plant under construction in Haiyang, China

NO COMPANY

MORE

ON ADVANCED

FOCUSED

NUCLEAR PLANT

IS

TECHNOLOGY

www.westinghousenuclear.com


24/100


Advertorial/Bombardier

24g20g8.com

By:Michael Ryan CBE, Vice-President and General Manager, Bombardier Aerospace

The CSeries aircraft advanced composite wing being assembled in Bombardier Belfasts new wing facil ity.


25/100

THOUGHT LEADERSH

Making

investmentwork forNorthern

Ireland

THE COMING OF THE G8to Northern

Ireland is a great boost for our

economy and a wonderful recognition

of the progress made politically and

economically over the past 15 years.It is a huge

opportunity for world leaders to witness the

wealth of ingenuity of our people which has

attracted many companies to set up here, seethe potential for further investment, and

experience our great tourism offering.

Although Northern Ireland is smallwith

a population of just 1.8m and a land mass of

under 5,500 sq mileswe regularly punch

above our weight on the global stage. There is

an innate desire to innovate that has projected

many of our citizens and businesses to

world renown.

We are proud to be home to a host of

world-class companies that are leading the way

in their fields, and I am particularly proud that

Bombardier is among those companies. As the

largest manufacturing employer in Northern

Irelandwith over 5,000 employeeswe provide

some 10% of its manufacturing exports and

support a supply base of several hundred UK

WE ARE PROUD TO BE HOME TO A HOST

OF WORLDCLASS COMPANIES THAT ARE

LEADING THE WAY IN THEIR FIELDS AND I AM

PARTICULARLY PROUD THAT BOMBARDIER IS

AMONG THOSE COMPANIES.

companies. We have a strong track record

investing here, amounting to over 2.1 bn

since Bombardier acquired Short Brothers

worlds oldest aircraft manufacturerin 19

This is helping to ensure we remain at the

leading edge of aerospace technology. As a

integral part of Bombardier Aerospace, the

third largest global civil aircraft maker, weare a centre of excellence for the design,

manufacture, and support of large aircraft

structures, including fuselages, wings, and

engine nacelles in metal and advanced

composites.

Our history of innovation remains stron

and today we are investing 520 million in

Belfast, including a new 600,000 sq ft facto

to make composite wings using a unique

composite technology developed by our

engineers here for Bombardiers latest

commercial aircraft, the CSeries.

However, our responsibilities as a comp

go far beyond our duty to make profits.

Whitney Young Junior, the American civil

rights leader, said that the hardest work

in the world is being out of work.

Michael Ryan, Vice-President and General Manager

Bombardier Aerospace, Belfast.


26/100

I wholeheartedly agree, and that is why we

have worked in partnership with Business in

the Community for over ten years to tackle

long-term unemployment in Belfast. This has

been particularly important as Northern

Ireland has emerged from decades of civil

unrest. I have seen at first-hand how, as the

term of unemployment increases, peoples

work opportunities reduce and they, in turn,

reduce their efforts to seek work and can

become excluded from the labour market and

society. Often this is complicated by the

challenges of single parenthood, or low

educational attainment, or lack of opportunity.This has led to certain communities in Belfast

experiencing increased poverty and deprivation,

and it becomes a dangerous spiral that can

quickly get out of control if not addressed.

Areas of high unemployment can have a

detrimental impact on Northern Irelands

competitiveness, and on the decisions by

companies to invest. You have to tackle

economic regeneration head on, and the private

sector has a key part to play in this. Human,

physical and financial capital all have

to be mobilised and harnessed to very

clear objectives. People have to be equipped

to take up the jobs that are available, and

job deficiencies need to be remedied.

Entrepreneurship within an area has to

be cultivated, but investment from

outside is also vital.

My company and many others have been

willing to actively use their knowledge and

networks to make a positive impact on

addressing long-term unemployment within

local communities. Thats why, when the

Government convened Task Forces in the

West Belfast and Greater Shankill areas of

Belfast in 2001 to examine the high levelsof poverty and deprivation in those areas,

Bombardier got involved. In 2003, we

established an Employers Forum, which

we sponsored and led, and joined forces

with Business in the Community to address

long-term unemployment in conjunction with

training, community, and statutory bodies.

But it was the presence of employers, and

the commitment of their representatives,

which provided the real impetus.

During the past ten years of my

Chairmanship of the Employers Forum,

we have helped close to 1,400 long-term

unemployed people get into work,

engaging some 50 employers and focusing

specifically on sectors such as engineering/

manufacturing; health; construction; call

centres; retail and utilities.

Our success in addressing this most vital

of issues in the most disadvantaged areas ofBelfast led to the extension of the Employers

Forums remit to take on a citywide focus

earlier this year, with funding and support

from Belfast City Council and the Northern

Ireland Department for Employment and

Learning.

I am immensely proud to be leading an

initiative that is changing lives for the better

giving people opportunities, and providing

a valuable employment pipeline into my

own business through an apprenticeship

programme and a basic engineering skills

training course that have delivered some of

most committed employees. We have shownthat business can support the unemployed,

especially those furthest removed from the

world of work, to build the skills and

confidence they need to gain and sustain

employment. We have still much work to do

extending the reach of the Forum, and I inv

other employers to join us in our efforts. In

societies such as ours, which have gone

through political and social upheaval, it

behoves everyone to drive for the economic

and community regeneration that is

fundamental to a successful future.

26 g20g8.com


Advertorial/Bombardier

Launching the Citywide Employers Forum in 2013 are, LR: Michael Ryan, Chair, Employers Forum; Dr Stephen Farry,

Minister for Employment & Learning; Gavin Robinson, Lord Mayor of Belfast; Kevin Anthony Lagan, Lagan Group

and Deirdre Timoney, Business in the Community.

MY COMPANY AND MANY OTHERS HAVE BEENWILLING TO ACTIVELY USE THEIR KNOWLEDGE

AND NETWORKS TO MAKE A POSITIVE IMPACT

ON ADDRESSING LONGTERM UNEMPLOYMENT

WITHIN LOCAL COMMUNITIES.


27/100


28/10028 g20g8.com


Sponsored Feature/ Intel

Technology has improved the lives of so many

people on our planetfrom quality education and

health care to energy and water conservation and

management. Policy that enables the internet to

reach people around the globe has been at the

forefront of advancing these and countless other

beneits of technology.A decade ago, Intel created the mobile

computing category with its large investments in a

wireless infrastructure and its Pentium M

processors paired with Wi-Fi connectivity through

the companys Centrino mobile technology. The

result has been a wireless computing revolution,

with almost ubiquitous availability of Wi-Fi

connectivity and the creation of new mobility

solutions built for low energy consumption and

high performance.

Today, our computing platforms supporting the

digital economy are used in a wide range of

applications, such as PCs (including Ultrabook,

detachable, and convertible systems), servers,

tablets, smartphones, automobiles, automated

factory systems and medical devices. We also

develop software and services primarily focused

on security and technology integration.

Enhancing Productivity and

Innovation in All Economic Sectors

The use of information and communication

technology (ICT) products and services can

dramatically enhance productivity and innovation

in many industrial sectors. Governments should

work to remove trade barriers that prevent people

from obtaining the best ICT products at the lowest

cost possible. For example, expanding the WTO

Information Technology Agreement (ITA) so that it

covers new ICT products developed since the ITA

became effective in 1997 could remove tariffs on

Improving lives, communities and

economies through technology

an additional $800 billion in global two-way ICT

trade a 20 percent increase over the $4 trillio

annual trade under existing ITA product covera

Inspiring the Next Generation

through Education Transformation

The rising generations success in todays

innovation economy depends on access to a

quality education, which is more easily achieve

by the use of technology. Technology enables

unprecedented opportunity to advance stude

achievement. Intel brings the expertise,

technology and a robust ecosystem that canprovide the foundation for educators and

governments to transform education. Powerfu

and energy-eicient Intel-based PCs and serve

combined with software and fast internet acce

help students acquire 21st century skills and he

educators teach more effectively. Through the

Intel World Ahead Program, Intel has worked w

more than 70 countries on programs aimed at

making technology more available, affordable a

understandable to irst -time users. Intel-funded

purchase programs enable governments to

provide computers at a more affordable price,

At Intel, we strive to make the best silicon and technology products in the world, and through

their application, to create a better future for all. We believe that technology plays a fundamental

role in inding solutions to the worlds great challenges. We know that embedding corporate

responsibility and sustainability into our vision and strategy helps us make better, more secure

products and create value for Intel, our customers and society.


29/100

THOUGHT LEADERSH

allowing thousands of teachers and students

access for the irst time.

Intel also works with telecommunications

providers to connect millions of people to the

internet with high-speed wireless technologies.

Government policies that encourage the

deployment of wireless and wired broadband

services play a signiicant role in supporting

student and teacher development worldwide.

Driving Innovation across Healthcare

Effective use of ICT products and services in

healthcare saves lives. Technology improvesaccess and quality of care, reduces costs and

improves satisfaction among both patients and

providers. Intel is making great progress,

collaborating with healthcare providers, other

companies and policymakers on innovative new

products and solutions aimed at improving global

access to quality, affordable healthcare. The

Citizen Telecare Service System (CTCS) used in

Chinese Taipei, where 600,000 seniors with

chronic conditions are remotely monitored

through technology to help them reduce their

blood pressure, showed a signiicant decrease

blood pressure and helped them maintain healthy

levels. CTCS uses biometric measurement,

hypertension risk assessment, video

communication, education programs, and other

tools to change the behavior of high-risk seniors

so they maintain their wellness.

The technological tools that improve care

delivery continue to advance at a steady rate. But

in most countries, the development and

implementation of policies to govern the use of

these technologies in healthcare lags behind. It is

more often policy barriers, rather than

technological barriers, that stand in the way ofgreater progress in e-Health. Interoperability

standards among data systems and between

technologies will help reduce these barriers, while

assuring privacy and security of online health data.

Closing the Digital Divide

Policies that expand the allocation of universal

service/access funds to include broadband

internet access, especially in remote regions where

broadband has previously been cost-prohibitive,

are key to bridging the digital divide. In India,

Intel contributed to the creation of the National

Digital Literacy Mission, which seeks to prolife

digital literacy across the country. As a result, t

Indian government announced an ambitious

information technology (IT) policy mandating

one citizen per household be digitally literate

2020. The success of this program depends n

only on the availability of cutting edge produc

available at the lowest cost possible, but also o

widespread broadband penetration.

We have an ambitious vision for the next

decade: Create and extend computing

technology to connect and enrich the lives of

every person on earth. Policy makers aroundworld are in a unique position to facilitate

innovation and affect change by allowing bro

dissemination of ICT goods and ICT-enabled

services.

KEY LINKS:

Intel Policy Web Site:http://www.intel.com/

about/companyinfo/policy/index.htm

Intel Policy Blog: http://blogs.intel.com/policy

Corporate Responsibility at Intel Web Site:

www.intel.com/go/responsibility


30/100

As well as being one of the constituent parts

of the United Kingdom, Northern Ireland has

its own locally-elected government. This

administration is committed to growing the

economy through advancing entrepreneurship

and innovation as well as developing exports

and promoting foreign direct investment.

Invest Northern Ireland is the economicdevelopment agency for the region. In addition

to encouraging foreign direct investment, our

remit includes encouraging and supporting

indigenous start-ups, helping businesses to

develop export markets and ensuring they

have the capability and capacity to compete

on the world stage.

Education

One of Northern Irelands key assets is its

people, and ensuring a well educated workforce

is a key part of the governments plans: From a

primary system that has achieved some of the

worlds best results in maths and language

education through secondary level education

that regularly produces students whose exam

results outshine other UK regions. This quality

school education is continued at tertiary level.

Northern Ireland has two world-class

universities; Queens University Belfast (QUB),which is a member of the prestigious Russell

Group of 24 leading UK research intensive

universities and; the University of Ulster

(UU),which has four campuses across the region

and caters for almost 27,000 students. UU

includes one of the largest provisions in

computing in the UK and Ireland. In addition

to the universities, Northern Ireland has a

network of regional colleges providing

professional and technical programmes

to around 155,000 students.

The universities are both are recognised as

30 g20g8.com


Sponsored Feature/ Northern Ireland

Northern Ireland

Inspiring Place/Leading Business

research-focused and industry-linked, and

Northern Irelands academia is not in an ivory

tower. In Northern Ireland there is a focus on

developing high levels of collaboration betw

industry, academia, and government to ensu

that investors have immediate access to the

tools they need to establish and grow a

successful business in the region. We have

fostered innovative skills development, R&D,

entrepreneurship programmes, and our goa

to ensure that no matter how many geograp

footprints a company has, their Northern Ire

centre is among the highest performing.Far-sighted investment to create the world

most advanced science parks, research cent

of excellence, and technology incubators ha

encouraged the development of clusters in I

inancial services, aerospace, life sciences,

agri-food, and renewable energy.

This approach has enabled us to different

the solution we offer on the basis of cost,

service quality, productivity and overall ease

doing business. For this reason, despite bein

relatively small location, we have a world-lead

inancial technology cluster that includes inw

NORTHERN IRELAND may be among the smallest regions of the UK and Europe with a

population of under 2 million, but it has a vibrant business scene and is experiencing increasing

success in global markets. At the heart of this success is a workforce which is among the

youngest and best educated in Europe with a strong work ethic.


31/100

investors such as NYSE Technologies, Citi, and

CME as well as indigenous irms like First

Derivatives. We also have a rapidly expanding

legal services cluster bolstered by recent

investments from Allen & Overy, Herbert Smith

and, Axiom.

Northern Irelands location within easy reach

of the European marketplace combined with

superb telecommunications makes it an ideal

near-shore location for businesses. It is hardly

surprising that Northern Ireland has attracted

major projects from investors in ICT, software,

inancial, and knowledge process outsourcingfrom the U.S., Europe, and Japan.

Northern Ireland is a welcoming region where

investors will ind a skilled, well-educated

workforce, a strong infrastructure, and third-level

institutions where the commercial exploitation

of research and development and innovation lie

at the heart of the academic and skills agenda.

These factors make Northern Ireland a

compelling investment proposition.

For more information about doing

business in/with Northern Ireland visit

www.g8NI2013.com

THOUGHT LEADERSH

Did you know:

Cameras designed and manufactured in

Belfast by Andor Technology, a spin-out com-

pany from Queens University, were used by

a team of international astronomers to

discover two new Jupiter-sized planets.

20 percent of all computer read/write heads

are made by Seagate Technology in London-

derry in the UKs largest nanotechnology site.

30 percent of the worlds business class aircraft

seats are made in Kilkeel, County Downby BE Aerospace.

40 percent of worlds mobile crushing and

screening equipment is made in Northern

Ireland.

30 percent of the famous London red buses are

manufactured in Ballymena, County Antrim

by local company Wrightbus.

One in four of the worlds full-scale marine

energy devices have been developed,

tested or manufactured in Northern Ireland.


32/100

All eyes are on Northern Ireland as the worldsleaders arrive for the 2013 G8 summit. But did youknow our high achievers and innovations are also

making their mark on the world?

Its clear from our heritage of enterprise, our

well-educated people and our golfers thatNorthern Ireland delivers.

We have a strong reputation for global trade,integrity and sound business relationships.

International investors including Citi, Fujitsu, SAP,Allen & Overy and Bombardier are already enjoyingthe benefits of doing business here.

We offer an advanced business infrastructure,

competitive operating costs and generousfinancial support.

To learn more about what makes Northern Irelandworld class, visit www.g8ni2013.com

www.g8ni2013.com

world class & world stage

Lough Erne Golf Resort, Fermanagh, Northern Ireland.

Northern Ireland is open for business...ready to take on the world.UK Prime Minister, David Cameron


33/100

A REWARD WORTH WORKING FOR

Rewarding incentives, memorable meetings, and successfulconferences are business as usual on a cruise holiday with

Azamara Club Cruises, Celebrity Cruisesand Royal Caribbean

International

. Your organization and clients will enjoy one of themost memorable experiences of their lives. Whether its a 3, 4 or7-night cruise or longer, theyll go places theyve never heard of,see sights theyve never imagined, and be treated to our friendlyand personal hospitality. And in the end, theyll associate theentire experience with you and your business.

Corporate Events- Incredible value. Ease of planning. A uniqueexperience for everyone in your group. These are just a fewreasons why organizations choose a cruise holiday for meetings,conferences, executive retreats, team building and other specialevents.

Charters- Its the ultimate in privacy, exclusivity, and customization a cruise holiday full ship charter. Craft an inspiring and memorablemotivational experience for your entire organization, where everydetail is to your specifications.

Incentive Programs- An incentive cruise program will motivateyour employees or clients and reward their performance unlikeany other travel experience. When it comes to delivering uniqueinspiration through travel with a strong value proposition, nothingcomes close to an incentive cruise program.

CORPORATE PROGRAMS AT SEA

2013 Azamara Club Cruises 2012 Celebrity Cruises Inc. 2012 Royal Caribbean Cruises Ltd. All rights reserved.

Please contact us today at 001-954-628-9701or via email [email protected]


34/100

A world of potentialin Africa

The world is in a state of great transformation. The balance of economic power is shifting towards developing economies: nations able to hvast untapped resources, cultivate human potential, encourage political stability, and boost business in new and innovative ways. South Africa himportant role to play. As one of the leading economies in Africa, South Africa is ideally placed to navigate the shifting poles of power.

As the bridge between east and west with world-class infrastructure, abundant resources, and leading banking and investment sectors were delAfricas potential to the world.

PublicisJHB10526


35/100

1st Regulation of Security Exchanges1st Strength of Auditing and ReportingStandards1st Efficacy of Corporate Boards1st Legal Rights2nd Soundness of Banks

2nd Availability of Financial Services

3rd Local Equity Market Financing6th Effectiveness of Anti-Monopoly Policy15th Quality of Management Schools15th Quality of Air Transport Infrastructure20th Intellectual Property Protection

*As ranked by the 2012/2013 WEF Global Competitive Index


36/100


Global Development/Agriculture

By:Juergen Voegele, Director of Agriculture, The World Bank Group

36g20g8.com

Food security requires ensuring access to sufficient

nutritious food every day to every person, which

goes beyond what agriculture can doon its own.

The Futureof Agriculture

Agriculture must urgently address

three sets of issues:

Reduce the hunger and malnutrition

affecting 870 million people. We must

address the fact that 165 million childrenunder five years of age are stunted, and

number of stunted children is rising in

sub-Saharan Africa, with 52 million

children suffering from wasting, and wit

little improvement globally since 1990. F

most of these children, the damage to the

growth and development is irreversible a

will impact the world for generations.

Provide sustainable solutions to extensiv

rural poverty on a large scale. Three-

quarters of the worlds very poor people

(incomes in 2005, incomes of less than

US$1.25 per day) live in rural areas, and

most get their main livelihoods from farmi

Mitigate 30 percent of the Green-House-G

(GHG) emissions that are leading to wor

that could be hotter by 4 degrees Celsius

(7 degrees Farhenheit).

Producing more food will not solve hung

and malnutrition problems on its own. Foo

security requires ensuring access to suffici

nutritious food every day to every person,

which goes beyond what agriculture can d

on its own. However, failing to produce at

least 60 percent more food by 2050 will

ensure that there will not be enough to goaround, with truly catastrophic effects. An

the way we increase production has a lot t

do with the distribution of its benefits for

food security. So, we also need to worry

about the resilience of production systems

nutritional implications of production

systems, and how to reduce wastage.

For success in both production growth a

ensuring that food gets to those who most

need it, small farmers will have to be a big

part of the solution. Today roughly 83 perc

of the worlds population lives in developin

and emerging countries. And there are

roughly 400-500 million small farmers in th

world, heavily concentrated in developing

countries. Globally, the average farm size

(scale of production) declined from 2.1

hectares in 1980-1985 to 1.9 hectares in

2006-2010, with large regional variations.

Resource depletion is beginning to set in

By 2025, nearly two-thirds of all countries

the world will be water-stressed and 2.4

billion people will face absolute water

scarcity. Since about 70 percent of freshwa

use is for agriculture, such countries will

depend on imports to meet their food need


37/100

THOUGHT LEADERSH

THECLIMATE SMART

AGRICULTUREOF THE FUTURE

REQUIRES THAT WETHINK IN TERMS OF

AN INTEGRATEDAPPROACH TOLANDSCAPES.

Worldwide, about 18 percent of cropland is

irrigated, producing 40 percent of all crops

and 60 percent of all cereals. Large parts of

the world are already living beyond their

water means by supporting agriculture based

on unsustainable use of groundwater. Inaddition, about 25 percent of the worlds

crop land is degraded; a further 35 percent

of present African cropland is likely to be

unsuitable for cultivation by 2100 due to

climate change. And, just between 2000

and 2010, we lost on average 5.2 million

hectares of forest every year.

We also face the prospect of as much

as a 4 degree Celsius-warmer world. If this

happens, food staple production could decline

by 10-15 percent over current levels, rather

than increase as is needed, leading to greatly

expanded hardship, conflict, and even mass

starvation within the span of one lifetime.

So we not only need to increase production

under conditions that are harder than when

the world was responding to a big food crisis

in the 1970s, but we also need to pay specific

attention to how production occurs to

produce the benefits of improved livelihoods

and better nutrition.

Fortunately, agriculture is in a unique

position to help on all these things. Only

agriculture at scale (including forestry) can

take carbon out of the atmosphere. Forests

cover 25-30 percent of the earths land surface

and absorb about 15 percent of the planets

GHG emissions, and crops can potentially

absorb more. In-depth work in 2008 alsoshowed that agricultural growth is very

effective (2 to 4 times more so than other

sectors) at reducing poverty. And agricultural

growth at the smallholder level can be

managed to provide more beneficial

nutritional outcomes. But it takes proactive

investment and policy changes to achieve

these outcomes at scale.

The climate-smart agriculture of the

future requires that we think in terms of

an integrated approach to landscapes. A

landscape approach means taking both a

geographical and socio-economic approach

to managing the land, water, and forest

resources that provide the natural capital for

food security and inclusive green growth.

The World Bank Group is increasingly using

landscape approaches to implement strategies

that integrate management of land, water, and

living resources, and that promote sustainable

use and conservation in an equitable manner.

The precedents for this were a few large-scale

but highly successful projects in what would

now be called emerging countries such as

China, India, and Brazil. Here the landscape

approach combined with strong local

leadership integrated livestock, trees, a range

of crops, and the development of off-farm

rural income opportunities, depending on

the slope of the land and the direction of

the streams, to increase incomes while

conserving the landscape.

But examples are now found in Africa as

well. In Ethiopias Great Rift Valley, the

landscape approach has included establishingforest cooperatives that sustainably manage

and reforest the surrounding land using

Farmer-Managed Natural Forest Regeneration

techniques, thus addressing deforestation that

threatens groundwater reserves that provide

65,000 people with potable water. In Rwanda,

a landscape approach is being scaled-up to a

large area of steep hillsides by providing

infrastructure for land husbandry (for

example, terracing and downstream reservoir

protection), water harvesting and hillside

irrigation. Training is provided for farmers,

farmer organizations are supported, and

marketing and financing activities are

enhanced. As a result, productivity in rainfed

areas has tripled, more land is protected

against soil erosion, and the share of

commercialized agricultural products has

increased. In Western Kenya, some 60,000

farmers on 45,000 hectares of land are now

combating erosion using sustainable land

management practices to enrich degraded

soil. In Niger, new farming systems now

include trees that capture nitrogen.

For a landscape approach to work, we need

secure land tenure rights, so that individual

farmers, especially women, as well as

communities have an incentive to invest i

improved land and water management an

to protect trees and forests. In Indonesia,

example, research by the CGIAR on Fores

Trees and Agroforestry shows that commu

management and village forest permits no

only lessen deforestation and forest

degradation, but also reduce risks forsmallholder farmers and improve the

well-being of forest-dependent communiti

Appropriate pricing regimes are needed

encourage rational use of scarce resources

Regulations backed by strong legitimacy a

the local level are needed to control pollu

run-off or to avoid free-grazing of animals

while appropriate incentives are in place f

private farmers to invest in public good

activities. An environment conducive to

behavioral change is fundamental.

Transparent and accountable institutions

are critical. And if people do not have acc

to information they can understand, they

do not have an incentive to change behav

The ICT revolution is now widely spread,

including in many parts of Africa. This

serves to impart information, provide

interactive information exchange, and

to collect data.

In summary, agriculture is the essentia

sector for reducing poverty, creating shar

prosperity and promoting environmental

sustainability. Together, we can harness

the power of agriculture to meet the

worlds challenges.


38/100


Global Development/Food

By:David B. Schmidt, President & CEO, International Food Information Council & Foundation

38 g20g8.com

At every step of the journey from farm to fork, technology

is helping us produce a safe, abundant, sustainable and

nutritious food supply.

To Feed the Future,

We Need a Feast of Facts,and a Famine of Fear

L

ESS THAN THREE decades from n

in 2041, the United Nations estimat

that the population of the world

will reach 9 billion people. Thatsa lot of mouths to feed, to put it mildly.

So how will we do it? How can a world o

limited resources possibly adjust to the foo

and sustenance needs of its people when th

numbers will expand by more than one-

quarter, and in such a relatively short perio

of time? How will we cope with what the

U.N. Food and Agriculture Organization

estimates will be a 60 percent increase in

overall food demand?

The answer is the same as it has always

been: technology. And with nearly 2 billion

additional inhabitants of our planet to be

added just one generation hence, that answ

is more important, and the stakes are highethan ever before.

At every step of the journey from farm to

fork, technology is helping us produce a sa

abundant, sustainable and nutritious food

supply. Precision agriculture, with the aid o

GPS satellites, can target individual crop

treatments to the smallest plots of soil, wh

reduces environmental impacts. Advances

livestock production, from climate control

to the nutritional qualities of feed, have

improved animal health and welfare, and

boosted agricultural output. Refrigeration a

modern packaging technologies increase th

safety of our food, the distance across whic

it can be transported, and its extended

freshness.

Among the most successful and still mor

promising advances is food biotechnology,

which is a range of processes to enhance

foods through various breeding and other

techniques. At its heart, food biotechnolog

the science of employing the tools of mode

genetics to enhance beneficial traits of plan

animals, and their food components.

Food biotechnology can help feed our

growing planet, while also bringing several


39/100

THOUGHT LEADERSH

additional benefits along the way. Not only do

insect-protected and virus-resistant biotech

crop varieties produce hardier plants, leading

to higher yields, but plants are also beingengineered to grow in places where they

would not survive before.

The food itself can be more healthful and

nutritious, as crops with enhanced nutritional

traits make their way to the supermarket.

These foods can help to combat chronic

diseases by providing more healthful

compounds, including higher levels of

antioxidants and vitamins, and lower

amounts of fats we should limit. Scientists

have also begun to target allergy-causing

proteins.

Biotech crops can also aid in protecting the

environment by producing herbicide-tolerant

varieties, thereby decreasing the amount ofpesticides used in farming. Decreasing

pesticide use can have a positive impact

on the health and well-being of wildlife,

decrease farmers exposure to pesticides,

and contribute to a cleaner water supply.

But for any technology to be truly useful,

it must first be adopted. Barriers to adoption

include fear and misperception, both on the

part of users and, ultimately, the consumers

who stand to benefit from technological

progress. Thats why for those who care

about the worlds capacity to feed the future,

communication and education are critical.

Some opponents would synonymize terms

such as biotechnology or genetic

engineering with unnatural. But nothing

could be farther from the truth. Biotechnology

is merely a refinement on processes that

already occur in nature, and a step beyond

traditional methods of crossbreeding that

have been used to genetically enhance

agricultural products for centuries.

At the International Food Information

Council (IFIC), we have learned that

consumers are not predisposed to fear,

and that when they understand food

biotechnology and its benefits, they respond

positively. According to the 2012 IFIC survey

Consumer Perceptions of Food Technology

& Sustainability, respondents, when given abasic definition of food biotechnology, react

favorably by a ratio of almost two to one

(38 percent to 20 percent). By a margin

of 35 percent to 20 percent, they expect

biotechnology will provide benefits for them

or their families within the next five years.

In terms of foods produced through

biotechnology that consumers would be likely

to purchase based on specific attributes:

77 percent would purchase foods that

required fewer pesticide applications;

69 percent would purchase foods with

better nutritional qualities;

71 percent would purchase foods that

provided more healthful fats, such asomega-3 fatty acids; and

68 percent would purchase foods

with less saturated fat.

Feeding the future will rely on technology,

but equally important is a world with access

to accurate, science-based information

about new and emerging technologies.

Thats why just this past April, the IFIC

Foundation released the third edition of F

Biotechnology: A Communicators Guide Increasing Understanding, which is avail

at http://www.foodinsight.org/foodbiogu

aspx. Intended for use by leaders and oth

communicators in the food, agricultural,

nutrition and health communities, the

guide offers the latest science and

consumer-friendly information in a

variety of accessible formats, targeted

to different audiences.

Consumers of both today and tomorrow

need a climate where fact trumps fear, wh

credible information is easily attainable, a

where evidence outweighs emotion. Only

such a climate will be conducive to contin

progress across a whole host of technologthat are vital to sustainably produce the s

possible food supply, in the amounts and

with the nutritional attributes we need,

and in the ways that least impact the

environment.

The 9 billion people who will soon occu

our planet are counting on nothing less.

FOOD

BIOTECHNOLOGYCAN HELP FEEDOUR GROWING

PLANET, WHILE ALSOBRINGING SEVERALADDITIONALBENEFITS ALONGTHE WAY.


40/100


Global Development/Prosperity

By: Dr. Christian Ketels, Michael Porters Research Team, Institute for Strategy and Competitiveness Harvard School of Business

40 g20g8.com

Why Future Prosperity

Requires a New Model

of Public-Private

Collaboration.

All

Handson Deck

THE GLOBAL ECONOMYhas had

a number of difficult years, and the

outlook for the near future doesnt

look much better. Most observers

agree that the current quagmire is not just a

protracted but ultimately cyclical challenge.It is a sign that the growth recipes of the

previous decade have either failed or lost

their effectiveness.

In large parts of the OECD, growth

had been fuelled by easy money, driven

by a financial sector unleashed by prior

deregulation and monetary policy that did

not step into the way. This period is now

decisively over. Macroeconomic stabilization

is the focus of today, and is sorely needed to

get economies back into balance. Whether to

achieve this through front-loaded austerity

programs or a more growth-oriented mediu

term policy approach is in itself a complex

and controversial debate. But it is either wa

ultimately a remedy for past ills, not a reci

for future growth.

Many other countries, especially among emerging economies, have benefited from

opening up to globalization, serving marke

abroad and creating new ones at home.

Countries with deposits of natural recourse

have prospered, too, benefiting from the

growth in the global economy. But both n

face at best slowing growth rates. Emerging

economies need a growth strategy that mo

beyond exports based on cheap labor or

increasing capital intensity. And natural

resource exporters need diversification to

overcome the economic and political pitfal


41/100

THOUGHT LEADERSH

of their narrow economic base.

It is easy to identify the need for a new

growth model; the hard part is to describe

what it should be. Economic research offers

some answers (beyond explaining why the

past approach has failed)? First of all, thereis broad consensus that what matters most is

productivity. Locations are prosperous, when

they provide conditions for doing business

that are productive both in the sense of

enabling workers to generate much value

and mobilizing a large share of the available

workforce to participate in the economy.

Second, there is quite a lot of agreement

on what types of policies are conducive to

better economic performance: open markets,

modest inflation, robust institutions,

including property rights, and investments

in human skills make the list for a large

majority of experts. There are other

candidates as well, and there is a wide-

discussion on which of these factors matter

most and which are endogenous rather than

ultimate drivers of performance. But still thereis significant on what is generally good policy.

Third, however, there is an increasing

realization in the academic community that

looking for one set of policies, or even worse

one policy, as the general answer is ultimately

the wrong approach. Policies need to be right

given the context in a specific location. And

for that, knowing what works on average

across countries is useful but not sufficiently

specific. Increasingly, then, the question has

become how to correctly identify what a

specific location should do to enable

higher prosperity.

Fourth, especially practitioners have startedto point out that knowing what to do is not

enough. What differentiates successful from

less successful places is the ability to

implement action. Successful implementation,

it turns out, is a complex result of convincing

the right people to act in a coordinated way, it

is not just a matter of getting an external

advisor to come up with the right analysis.

What to do and how to get it done? The

experience from countries at all stages of

development suggest that a new model of

public-private dialogue is critical to give the

right answer to these questions.

Lets start with the diagnostics. In many

situations there is wide disagreement as tothe current status of the economy. Having a

shared language helps, even when different

groups focus on different types of

information. The competitiveness framework,

rooted in the focus on productivity and

capturing a broad range of macro- and

microeconomic factors, does provide such

a language. But often it is not a different

conceptual framework but differences in the

perceived data that is crucial. A large number

of surveys indicate that business leaders and

political leaders often have widely diverging

assessments about the competitive realities in

their country. With such different views onwhat is, how can one expect a productive

debate on what should be done? No one has

the complete picture, but together the public

and the private sector can arrive at a more

realistic view on where their location stands.

Following the analysis, decisions need to

be taken on what actions to prioritize. Here

again, the fragmented nature of the policy

dialogue typical today has a clear cost:

Governments select what they think has the

most beneficial impact on the economy, but

lack sufficient understanding of market

IT IS EASYTO IDENTIFY THE

NEED FOR A NEWGROWTH MODEL;THE HARD PART ITO DESCRIBE WHA

IT SHOULD BE.

dynamics to correctly assess impact. Priv

sector interest groups push at the same ti

for specific benefits or actions, but fai

g8 summit publication 2013

Documents

food safeby

uks food

food supply

food contamination

food andss

food safety standardsand

highest quality food

exporting food products