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Doosan Global Business Forum

“Doosan Global Business Forum plays a role of the lighthouse for the enterprises in the difficult world economic conditions.”

Doosan Global Business Forum

Doosan Global Business Forum

With 119 years of history and its experience of rapid growth, Doosan recognizes how important it is to fully understand the business environment and forecast the future based on that understanding.
In particular, enterprises are experiencing difficulty in growth and development due to concern about a low-growth economy in effect since the world’s financial crisis, and geopolitical risks. Especially, infrastructure business enterprises have been enormously affected by the macroeconomic changes, so that they are required taking more agile response to the world’s business environment changes.
In this context, Doosan held the first “Doosan Global Business Forum” in July 2012, in order to provide an opportunity to make a breakthrough in business management by analyzing the global business environment and forecasting the core trend of infrastructure industries, while sharing perspectives and ideas with world's greatest scholars, opinion leaders, and business partners.

“Doosan Global Business Forum,” which was held at the very place where “The Open Championship” was held, is designed to provide our distinguished guests with experiences that exceed a plain golf even. That is, Doosan’s customers from all over the world share their understanding and prospect about the world economy and current issues of the infrastructure industry, while enhancing our business partnership.
“Doosan Global Business Forum” aims to provide a place or in-depth discussion that builds a foundation of long-term success and prepare for development in the future, in tandem with our business partners.

Doosan Global Business Forum 2014

  • - Date : Friday, July 18, 2014
  • - Place : Manchester, U.K.
  • - Theme : Ⅰ. Prospects for the Global Business Environment
  •                 Ⅱ. Urbanization and Its Impact on the Infrastructure Industry
  •                 Ⅲ. The New Era of "Connectivity"
  •                     Ⅲ-1. ICT Convergence with Machinery
  •                               : How will "Internet of Things“ reshape the machinery sector?
  •                     Ⅲ-2. ICT Convergence with Energy
  •                               : How will the ICT-driven innovation influence energy demand
                                  and power generation?

At the Doosan Global Business Forum 2014 held in Manchester, England, leading politicians, scholars and CEOs from around the world gathered to discuss the major challenges facing the international economy.

Prominent speakers included the Rt. Hon. Sir John Major KG CH, former prime minister of Great Britain and Northern Ireland, Lawrence H. Summers, former U.S. secretary of the Treasury and current Charles W. Eliot University Professor at Harvard University, and Robert Shiller, a recipient of the 2013 Nobel Prize in economics and professor of economics at Yale University.

This was the third year for the Doosan Global Business Forum. The first Global Business Forum in 2012 was attended by former Prime Minister of Britain Tony Blair, Professor Kenneth Rogoff of Harvard University, and OECD Secretary-General Angel Gurría. For the second forum in 2013, former U.S. Secretary of State Condoleezza Rice and Professor Paul Krugman of Princeton University were invited. A wide range of intriguing topics — the global economy, geopolitical issues and changing technology landscape — were dealt during the forums.

For this year’s forum, presentations were also made by Daniela Rus, a robotics technology and artificial intelligence specialist and a professor at MIT, and JB Straubel, co-founder and chief technical officer (CTO) of Tesla Motors, a leading electric vehicle manufacturer.

Attendance at the forum was limited to 50 guests, composed of representatives of preeminent infrastructure companies, CEOs of world-class financial groups, and leaders in various fields of energy, IT and finance from the Americas, Europe and Asia.

Former Prime Minister John Major delivered special remarks on global geopolitical risks that business leaders need to look out for. Most notably, he assessed the international dynamics among the United States, Europe and China, and their impact on the global economy.

In the Global Business Environment session, Professor Lawrence H. Summers and Professor Robert Shiller made remarks on the current status of the global economy and shared their insights with the audience. Professor Summers addressed the opportunities created by technological advancements, but also noted that “the 1920s were a period of remarkable technological progress, which did not prevent economic catastrophe in the 1930s.” Based on the theory of secular stagnation he has developed, he discussed what can be done to drive economic growth.

Professor Shiller stressed how worldwide economic recessions have multiple causes, including wars and other political disruptions, as well as speculative bubbles. He talked about history and the behavioral economics of past recessions and the outlook for the world’s economy.

In the second session, an in-depth discussion was held on how technological advancements are driving the global economic outlook. Professor Daniela Rus, director of the MIT Computer Science and Artificial Intelligence Laboratory, shared her perspective on artificial intelligence and robotics technology, and how they will affect business. JB Straubel, CTO of Tesla Motors, delivered his insights on the impact electric vehicles will have on infrastructure businesses, including energy and manufacturing.

Doosan Global Business Forum 2013

  • - Date: Friday, July 19, 2013
  • - Place: Edinburgh, U.K.
  • - Theme: Ⅰ. Prospects for the Global Business Environment
                Ⅱ. Urbanization and Its Impact on the Infrastructure Industry
                Ⅲ. Prospects for the Global Business Environment
                    Ⅲ-1. ICT (Information and Communications Technology) Convergence
                            and Evolving Machinery
                    Ⅲ-2. Impact of ICT Convergence and Energy Efficiency

Doosan Global Business Forum 2012

  • - Date: Friday, July 20 ~ Saturday, July 21, 2012
  • - Place: Manchester, U.K.
  • - Theme: "Post-crisis Global Business Environment",
               "The Challenges and Opportunities in the Infrastructure Industry"

At “the first Doosan Global Business Forum”, participants shared a heated and in-depth conversation about given topics throughout the event period.
Held under the themes “The Global Business Environment after the Crisis” and “Challenges and Opportunities in the Infrastructure Industry”, the 2012 forum was honored by the keynote speaker Mr. Tony Blair, former British Prime Minister, and Professor Kenneth Rogoff' of Harvard University, who delivered a speech titled “'The Global Economy: Is This Time Different?.” The following was the speech of OECD Secretary General Angel Gurría, “Looking Beyond the Crisis – the Challenge of Growth,” which provided analysis and forecasting of the world economy, and opinions on the global economic growth.
During the subsequent sessions, many experts (Paul De Grauwe, professor of the London School of Economics and Political Science; Wolfgang Munchaw, editor of The Financial Times in the UK; Michael Pettis, professor of Peking University; Huh Gyeongwuk, former Ambassador to OECD ; and John Negroponte, former Director of National Intelligence and Deputy Secretary of State of the United States) presented their opinions and perspectives about the world economy, outlook and analysis on the economies of Eurozone and China, and prospects about the state of affairs in the Middle East and North Africa (MENA).
On the second day, Pierre Nicoli, Head of the Energy and Infrastructure Group, of BNP Paribas; Varel Freeman, First Vice-President of EBRD; Peter Head, Executive Chairman of the Ecological Sequestration Trust; Jonathan Woetzel, Director of McKinsey & Company had a discussion about the issues regarding funding for global infrastructure projects and the infrastructure business influence of the future city.
Participants not only were satisfied with the high quality of discussions, but also were fascinated by impressive accompanied events such as cultural performances and refined event coordination. Also, participants who satisfied their intellectual curiosity during the forum could take a time for relaxation by watching great games of world’s famous golf players in “The Open Championship” after the conclusion of the forum.

Doosan Global Business Forum 2014

Doosan Global Business Forum 2014