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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

With 121 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 2016

  • Date : Friday, July 15, 2016
  • Place : Scotland
  • Theme :
    1. Ⅰ. Global Business Environment: Coping with a Sluggish Economy
    2. Ⅱ. Shaping the Future of Asia:
      • Role of Multilateral Development Banks for Asia’s Infrastructure
      • India’s New Initiative to Advance Its Infrastructure
    3. Ⅲ. New Climate Change Regime: Accelerating the Transformation of Infrastructure Towards a Low Carbon Future

Doosan held the Doosan Global Business Forum 2016 in Scotland, on July 15. Among the attendees were William Hague, a former British foreign secretary; Joseph Stiglitz, a professor of economics at Columbia University; and Changyong Rhee, director of the Asia and Pacific Department of the International Monetary Fund (IMF).

Prominent speakers—including Juan Miranda, the managing director general of the Asian Development Bank (ADB); Felipe Calderon, chair of the Global Commission on the Economy and Climate and former president of Mexico; Danny Alexander, vice president of the Asian Infrastructure Investment Bank (AIIB); and Amitabh Kant, CEO of NiTi Aayog and former Secretary of the Department of Industrial Policy and Promotion in India—shared their views on infrastructure development prospects in Asia and the impact of climate change on the world economy and infrastructure industry.

In his special remarks, former British Foreign Secretary William Hague shed light on geopolitical risks that particularly require global attention and their impact on the world economy.

In the first session on the global business environment, Joseph Stiglitz, a Nobel Prize-winning economist and professor, and Changyong Rhee, IMF director, presented their views on the global economy being locked in a “low-growth trap” and talked about the short- and long-term economic trends in North America, Europe and Asia.

In the following session on the Asian economy, AIIB Vice President Danny Alexander and ADB Managing Director General Juan Miranda spoke about the challenges and opportunities of the infrastructure business in Asia. NiTi Aayog CEO Amitabh Kant also touched upon India’s vision and plans for building “smart cities.”

The last session dealt with the implications of the Paris Agreement on industries in the post-2020 era. Felipe Calderon, chair of the Global Commission on the Economy and Climate, and Arun Majumdar, a former undersecretary of the U.S. Department of Energy, shared their prospects for the future low-carbon energy economy and the implications of the post-2020 framework on the infrastructure business.

Founded in 2012, the Doosan Global Business Forum has become an annual event in which global leaders, prominent economists and CEOs of multinational enterprises gather to gain valuable insights into the world economy. Previous participants include politicians such as Tony Blair, former prime minister of the United Kingdom; Lawrence H. Summers, former U.S. Secretary of the Treasury; Condoleezza Rice, former U.S. Secretary of State; and Angel Gurria, Secretary-General of the Organization for Economic Cooperation and Development (OECD), as well as influential economists, including Paul Krugman, a professor at Princeton University; Robert Shiller, a professor at Yale University; and Kenneth Rogoff, a professor at Harvard University. The noted presenters also included JB Straubel, co-founder and CTO of Tesla Motors, a leading electric vehicle manufacturer.

The Doosan Global Business Forum was held on the sidelines of The Open Championship, which is being staged at Royal Troon Golf Club in Ayrshire, Scotland, from July 14-17.

Doosan Global Business Forum 2015

  • Date : Friday, July 17, 2015
  • Place : Edinburgh, U.K.
  • Theme :
    1. Ⅰ. Global Business Environment: Reviving high growth or Falling into a low growth trap?
    2. Ⅱ. Hydrogen Fuel Cells: Implications for Future Energy Infrastructure
    3. Ⅲ. India Rising: Gearing up for Economic Growth and Transformation

Doosan held the Doosan Global Business Forum 2015 in Edinburgh, Scotland, on July 17. Among the attendees were Gordon Brown, former British Prime Minister; Gene Sperling, former Director of the U.S. National Economic Council (NEC); Justin Yifu Lin, former Senior Vice President of the World Bank; Shri Rajiv Mehrishi, Secretary of the Ministry of Finance, India; and Amitabh Kant, Secretary of the Ministry of Commerce and Industry, India.

Prominent speakers included Joan Ogden, Professor at the University of California, Davis, and a specialist in the economics of hydrogen and alternative energy technology; and Gita Gopinath, Professor of Economics at Harvard University. Each presentation was followed by a Q&A session with more than 50 guests, comprising representatives of preeminent Infrastructure Support Business companies, leaders in the energy industry and CEOs of world-class financial groups from around the world.

Former Prime Minister Gordon Brown delivered special remarks on global geopolitical risks and their impact on the global economy.

In the first session on the Global Business Environment, Gene Sperling, Director of the NEC and former Assistant to the President for Economic Policy, shared his views on the short- and long-term economic trends of the United States and other developed nations.

Justin Yifu Lin, former Senior Vice President of the World Bank and influential policy specialist on China, offered insightful perspectives on the current status and future trends of the Chinese economy, pointing out the reasons for China’s slower growth, and internal and external variables that can affect China’s future economy.

In the following session, Joan Ogden, Professor at the University of California, Davis, offered her insights into the transformative rise of the hydrogen economy*, predicting a growing share of hydrogen fuel cell power in the future energy mix and overall industrial prospects.

This year’s Forum featured a special session on the Indian economy. Shri Rajiv Mehrishi, Secretary of the Ministry of Finance, India, addressed the topic of India’s economic growth and economic policy reforms. Amitabh Kant, Secretary of the Ministry of Commerce and Industry, India, who spearheads the “Make in India” manufacturing initiatives, explained the program’s key points, including infrastructure construction plans, smart city projects and energy policies.

Founded in 2012, the Doosan Global Business Forum has become an annual event where global leaders, prominent economists, CEOs of global enterprises gather to gain valuable insights into the world economy as well as the latest technology innovation trends. Previous participants include leading politicians like Tony Blair, former Prime Minister of the United Kingdom; Lawrence H. Summers, former U.S. Secretary of the Treasury; Condoleezza Rice, former U.S. Secretary of State; and Angel Gurria, Secretary-General of the Organization for Economic Cooperation and Development (OECD), as well as leading economists, including Paul Krugman, professor at Princeton University; Robert Shiller, professor at Yale University; and Kenneth Rogoff, professor at Harvard University. Some of the noted presenters also include JB Straubel, CTO of Tesla Motors, a leading electric vehicle manufacturer, and Professor Daniela Rus, Director of the MIT Computer Science and Artificial Intelligence Laboratory.

*”Hydrogen economy” refers to the potential for hydrogen to replace fossil fuels as the main source of energy supplied and consumed in the future.

Doosan Global Business Forum 2014

  • Date : Friday, July 18, 2014
  • Place : Manchester, U.K.
  • Theme :
    1. Ⅰ. Global Business Environment: A New Era of Vibrant Growth?
    2. Ⅱ-1. Advent of Cognitive Machines
      : Will artificial intelligence transform the business landscape?
    3. Ⅱ-2. Acceleration of Electric Vehicles
      : A harbinger of revolution in the power and machinery industry?

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 :
    1. Ⅰ. Prospects for the Global Business Environment
    2. Ⅱ. Urbanization and Its Impact on the Infrastructure Industry
    3. Ⅲ. The New Era of “Connectivity”
      1. Ⅲ-1. ICT Convergence with Machinery
        : How will “Internet of Things“ reshape the machinery sector?
      2. Ⅲ-2. ICT Convergence with Energy
        : How will the ICT-driven innovation influence energy demand and power generation?

Doosan Global Business Forum 2012

  • Date : Friday, July 20 ~ Saturday, July 21, 2012
  • Place : Manchester, U.K.
  • Theme :
    1. “Post-crisis Global Business Environment”,
    2. “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.

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Sponsorship : The Open Championship

Sponsorship : The Open Championship

Doosan is the Official Patron of "The Open Championship", the world's oldest and most prestigious golf events.

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