Globalization and technological development have played major roles in increasing prosperity over the last few decades. However, they have also led to significant inequality in the distribution of economic benefits. After the global financial crisis, both developed and emerging economies expressed growing concern over increasing inequality. More and more often, economists find themselves talking about inequality as, not just as a consequence, but a possible cause of slowed global economic growth. Today, rifts are growing in the distribution of profits and wealth among various subsections of the population and in access to basic social goods such as healthcare, education, and housing. Inequality also influences the efficacy of social elevators. What are ways to increase the inclusivity of economic growth, such as national and international taxation systems, social and regional policies, labour market regulation, and digitalization?
Fathers and Sons: ESG Issues and the Generation Gap
Environment (E), social (S) and governance (G) issues are three pillars of sustainability that are not directly related to the financial or operational performance of a company, but which are becoming increasingly important for stakeholders. Today, ESG issues are one of the key elements of the global business sustainability agenda, and they have gone far beyond cooperation between investors and shareholders to affect employees, business partners, regulators, governments and consumers. Future demand for a companys products and services will be determined by representatives of generations Y and Z, whose values differ from those of generation X, the latter of which includes owners and top managers of companies. What are responsible companies doing today to meet the values and requirements of the future generation of consumers, employees, regulators and other stakeholders in 10 years time? How do companies determine their stakeholders and how do they build links with them? How do companies balance the interests of their shareholders and other key stakeholders? What can Russia offer the global business community in terms of experience and new ideas?
Cultural Ties to Enhance Cooperation between Russia and the West
Today, the traditional channels of international dialogue in politics and business are no longer fulfilling their objectives. Culture has always served as a stable mediator that has united politics, business and society in an international context. Today, cultural and charitable projects can provide both a platform for meetings and a means by which all parties can communicate on an equitable basis. How are international cultural projects helping to overcome the current stagnation, break the ice and promote international dialogue? Russia has always been a purveyor of important cultural events and is still considered a leader in many areas of classical art. What needs to be done today to preserve this heritage, continue the tradition and enhance the countrys standing in this area? How can we achieve a breakthrough in international cooperation in respect to cultural projects? What modern cultural trends have the potential to create new sustainable ties and create maximum value among all stakeholders? Can culture help restore good relations between Russia and the West as a whole? How can business stand to benefit? Will this be harmful to culture?
Despite the fractures opened up in relations with the West in recent years, Russia remains Europes natural strategic partner in addressing regional and global challenges. Russia and Europe share a geographical neighbourhood and decades of history of extensive cooperation and exchange.
On the agenda:
Common values that underpin the Europe-Russia relationship
Opportunities to collaborate in the economic space
Cooperation on innovation and technology, science and research or healthcare and education
In the Russian Federation and globally, the development of new technologies and ecosystems supporting their implementation, remains one of the key drivers for diversification of the countries economies. Technologies such as AI hold the promise of solving some of societys most pressing issues, but also present risks, such as inscrutable algorithms, unethical use of data and potential job displacement. Currently, many countries are building their national AI strategies that will help address those challenges and focus on deploying a safe and responsible technology capable of increasing the economic potential. What can countries learn from each other in building national AI strategies? Can there be a long-term global AI strategy? What are the fields where collaboration is possible between Russia and other countries in the field of AI?