2017 Annual meeting
It was a pleasure to see so many of you in Berlin for our 24th G50 annual meeting! Thank you to those who were able to join us as we heard from global thought leaders in business, science, politics, the arts and much more. Over the course of our four days together, we shared many 'G50 moments' which you can reflect on by looking at pictures from this year's event. Simply click here.
If you were not able to attend this year's session on family businesses or want to know more on the subject, here is your chance. Our guest speaker, Thomas Schmidheiny, wanted all of you to have access to his presentation on the role of family constitution. To see the presentation, please click here.
Upstart Berlin online bank N26 is jumping the Atlantic with hopes of luring mobile-obsessed millennials. The CEO, Valentin Stalf talks about the decision to branch out to the United States. "The US is an interesting market for N26 that creates major opportunities. Everywhere in the world, customers are open for a new banking experience. User behavior among millennials has moved strongly toward mobile.”
World-renowned diplomat (and G50 opening night speaker) Javier Solana warns that while "the preference of some countries to isolate themselves within their borders is anachronistic and self-defeating... it would be a serious mistake for others, fearing contagion, to respond by imposing strict isolation. Even in states that have succumbed to reductionist discourses, much of the population has not." Read his full article here.
In a world of bullies and macho leaders, Angela Merkel - with a calmer demeanor - still manages to retain her power. Andreas Kluth, Handelsbalatt Global's editor in chief, deconstructs how through the science of body language. "She makes herself large and small at the same time. She does not lunge at an opponent but waits until her opponents fear looking weak and attacks, thus initiating their undoing." Read more here.
David Goodhart writes in The Guardian that strengthening regional identities could be the key to keeping communities united and persuading the able and ambitious to stay. He concludes that what is needed [to bring Somewheres and Anywheres together] is a common project or a common threat to bind the interests of the two value groups.
Coming in at 43 per cent, Berlin - with its low rents and high living standards - has the highest number of immigrant-founded start ups after Silicon Valley. Featured in Wired UK's recent list of best startups in Berlin are two of the companies that joined us at this year's meeting: Mimi and N26. Philipp Skribanowitz, managing director of Mimi, says that the company's aim is to become the standard for personal sound. Read more here.
In a post for Project Syndicate, Bill Emmott writes about dealing with North Korea. "Donald Trump has chided China for failing to take responsibility for its dangerous neighbor. But America's president should be careful what he tweets for: If China launched a military invasion of North Korea, it could work – and China would gain greater strategic parity with the US in East Asia." Read the full article here.
The G50 Annual Meeting is just two months away. Even though the registration period has closed, stay tuned for instructions to register for your concurrent sessions. And our full program will be published one month prior to the meeting. We look forward to sharing it with you!
Javier Solana, former Secretary-General of NATO, warns of the fragility of the EU. "The looming British exit from the EU has reminded us of something fundamental that had been hidden until now: the EU’s tendency to expand is not irreversible, and the EU’s continued existence as a political entity cannot, and should not, be taken for granted." Read his full article here.
Bill Emmott, former editor-in-chief of The Economist writes about the importance of remaking the established British political parties. "We live in a politically turbulent age. Parties barely a year old have recently swept to power in France and in the huge metropolitan area of Tokyo. A party less than five years old is leading opinion polls in Italy. A political neophyte is sitting in the White House, to the profound discomfort of establishment Republicans and Democrats. So where will the political earth shake next? The answer could be – indeed, should be – the United Kingdom." Read his full column here.
Dr. Christian Mölling, deputy director of the German Council on Foreign Relations writes about the impact that a new fighter aircraft will have on Europe's defense industry. "Emmanuel Macron and Angela Merkel took the Franco-German defense partnership to a new level with their announcement on July 13 to jointly develop the next generation European fighter aircraft – the biggest armament project imaginable in Europe at the moment." Read his take here.
In a New York Times editorial, David Goodhart, founder of Prospect magazine and recent author of The Road to Somewhere, argues for a constructively ambiguous Brexit. "There is a sense of drift and stalemate about British politics today...But this stalemate between the country's two dominant 'values' blocs may turn out to be benign. Britons excel at constructive ambiguity, or 'muddling through,' and a constructive ambiguous Brexit may be exactly what Britain and Europe need." Read the full article here.
The famed Turkish novelist, Elif Shafak, warns against complacency and self-consciousness and urges western thinkers to speak out. "Intellectuals should be bold and loud and yes, offensive. It is high time to stop denigrating the term. At least out of respect for those people who pay a heavy price in other parts of the world just to be a public intellectual." Read her full article here.
N26, a digital only challenger bank, has expanded its range of consumer loans through a partnership with auxmoney, an online lender serving continental Europe. As with all other products of N26, customers can access credit with just a few clicks directly on the N26. "We see a strong trend towards platforms with multiple vendors. Through this partnership, we combine the advantages of a platform with excellent user experience," says Valentin Staff, founder and CEO of N26. Read more here.
Author of the new book After Europe, Ivan Krastev discusses his interpretation of President Trump's speech in Warsaw in July by comparing it to "an old joke from the Cold War era: Two trains pull into Warsaw's Central Station - the westbound Moscow-Paris express and the return train from Paris heading in the opposite direction. A Frenchman peers out of the eastbound train, looks at the city and thinks, 'My Lord, Moscow is every bit as gray as I expected!' A Russian on the westbound train takes a quick look around and exclaims, 'Ah, que c'est beau, Paris!'" Read his full article here.
Registration for our 24th annual meeting is now open! Don't miss out on the opportunity to reconnect with your G50 community in the magnificent city of Berlin. To register please follow the link in the email (Headlines & Bylines: Registration now open) sent to you in early June.
The most popular female novelist in Turkey says the rise of populism in the west offers an opportunity for solidarity and sisterhood with the Middle East. Women across ages and nationalities are realizing that “we can’t take the rights we have for granted,” said writer Elif Shafak during the Guardian women seminar. Read more of her thoughts on feminism in the world.
Acclaimed public intellectual Ivan Krastev says our reading diet these days is filled with anniversaries and scandals. This year, bookstores are being invaded by an army of new books related to the centenary of the Russian Revolution. And on the scandal front, not a day seems to pass without a new disturbing, inflammatory indignity besmirching the Trump administration. Read more as Krastev explains the Russian revolution in light of Trump's administration.
Universal basic income is the idea that just won’t go away. At heart, it’s a very simple concept – every individual citizen should receive a regular payment on an unconditional basis. However, the actual structure and design varies considerably. Nonetheless, what has become clear in the last year or so is that there is growing desire across the globe to explore, debate, test, design, and build support for a universal basic income. The Royal Society for the Art's (RSA) distinguished thinker Anthony Painter considers the debate in this article.
If all else fails, try the previously unthinkable. It is not a bad principle for economic policy in the best of times. Today, it may be just what is needed: many Western countries – certainly the United States, Japan, and Germany, probably the United Kingdom, and soon much of the rest of the eurozone – should pursue direct government intervention in wage bargaining, especially for the lowest earners. Read more of Bill Emmott's article on wages.
We are only six months away from our XXIV annual meeting! This year we will reconvene in Berlin from October 11-14 for another amazing meeting. Registration will be opening very soon so please be on the lookout for an email in the next few weeks!
On March 29, Article 50 was enacted by British Prime Minster Theresa May. Four days later, the EU made it very clear to the U.K. that divorce talks will come before trade negotiations. Article 50 triggers a two-year deadline for the completion of Brexit. It is amid this backdrop that the G50 2017 meeting will gather in Berlin. For more on Brexit news, click here.
Make sure to save the date for our 24th annual meeting. Join your friends in Berlin from October 11-14 for another thought-provoking and exciting meeting. We gather in a city that has overcome deep division and devastation -- and emerged as a European stronghold, an economic powerhouse, and a center of innovation attracting entrepreneurs from around the world. Your suggestions are very important to us; please do not hesitate to be in touch if you have any themes, speakers or other ideas about what we can showcase in Berlin.
The Hotel Adlon will host the G50 in Berlin. This historic site is just steps away from the Brandenburg Gate and has welcomed important dignitaries and heads of state since its opening days. Recently, during the final leg of Obama's last trip to Europe, the Adlon hosted him for a three-hour dinner with the German chancellor, whom he has described as “my closest international partner” during his eight-year presidency.
Your Friends in the News
On Oct. 4, MIT.nano and the Microsystems Technology Laboratories (MTL) received a visit from José Antonio Fernández Carbajal, chair of the board of Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), casually known as Monterrey Tec. Fernandez Carbajal was at MIT for his first meeting as the newest member of the MIT Corporation and reserved time to tour MIT.nano and get an update on its progress.
The Board of Directors of Grupo Televisa, S.A.B. announced on October 26 the appointment of Bernardo Gomez and Alfonso de Angoitia as co-Chief Executive Officers of Televisa, reporting to the Board of Directors. Emilio Azcárraga Jean will continue to lead the long term strategy of the firm as Executive Chairman of the Board.
In the new edition of El Mercurio, ASECh president, Alejandra Mustakis, talks about her past and future. She also opens up about working in a male dominated environment. To read the full interview, click here.
In her exclusive article for Americas Quarterly, Blanca Treviño writes about why we need a "NAFTA for the digital age." She states that a "NAFTA 2.0 – indeed, any modern trade agreement – needs to cover issues that weren’t part of the original deal. That includes significant considerations in data and privacy protection, cyber-security, e-commerce, robotics, and artificial intelligence."
Target just announced that it has signed with Inspectorio to conduct quality control inspections in a new way. Inspectorio CEO, Carlos Moncayo, explains that the industry's current inspection process is "costly and requires a lot of time, [and] based on the data that we have seen, we can shorten the time by 50 percent." This new partnership will encompass more than 100 factories and nearly a quarter of Target’s apparel and accessories business.
"We look forward to leveraging the extensive expertise of NBCUniversal and Telemundo Deportes to bring the Mexican National team to a level never seen before in the U.S. Hispanic market," said Marcos Santana when asked about NBC Universal/Telemundo and América Movil's joint bid for Mexico soccer team's media rights.
Open English, the main online language school in Latin America, just announced the launch of Open English Junior, a new platform to teach English to kids ages 8-14. "Helping kids learn with a methodology like Open English Junior is an investment in their future. For Open English, this is a new way of democratizing access to high-quality education without letting go of the human element," said CEO, Andrés Moreno.
Silicon Valley has long stood as a leader in innovation and technology. However, in a 2017 Global Startup Ecosystem Report, Buenos Aires, Shanghai and Tel Aviv were at the top of the list. Entrepreneur magazine interviewed Matías Recchia as the prime example of a successful entrepreneur of the thriving startup city of Buenos Aires. In the interview Recchia spoke about the country's top tech education and friendly environment as reasons for the city's success.
The Inter-American Dialogue will honor Luis Alberto Moreno, President of the Inter-American Development Bank (IDB) and Roberto Murray Meza, President of Grupo AGRISAL and FUNDEMAS, at its Leadership for the Americas Awards Gala dinner. The Leadership for the Americas Awards honor individuals who have dedicated their life-long service to the Dialogue’s core mission – advancing democratic governance, social equity, and prosperity in our hemisphere.
Mexican dairy powerhouse Grupo Lala is investing more than $30 million in the construction of a new dairy processing plant in neighboring Guatemala. Lala chairman Eduardo Tricio Haro said the new facility will process milk, ice cream and other dairy products and create "around 3,000 jobs both direct and indirect." President Enrique Peña Nieto said Lala's investment "stood out" as an example of Mexico's plans to "promote trade and production" with Guatemala and other countries in the region.
David Martinez is presiding over a merger that will create Argentina’s biggest public company. Telecom Argentina SA’s combination with Cablevision SA will produce a telecommunications powerhouse with a market value of $11.5 billion, according to brokerage TPCG. The top shareholder of the new company will be Martinez. The combined company will be the first in Argentina to be legally permitted to offer packages of wireless, landline, fixed internet and television services to consumers.
The Inter-American Development Bank and Fundación Real Madrid presidents, Luis Alberto Moreno and Florentino Pérez, respectively, signed an agreement to create new schools in Latin America and the Caribbean. This collaboration "aims to promote initiatives in favor of youth at risk of exclusion, using sports as an instrument of development and social inclusion."
IguanaFix, the leading platform for on-demand home and auto services in Latin America, was chosen by Harvard professors as a case study for the Scaling Tech Ventures course in Harvard Business School. On April 11, Matías Recchia, CEO and co-founder of IguanaFix, talked to the students about creating and developing the company.
Louis Vuitton is now a major investor in Colombian swimwear brand Maaji. Maaji swimwear is now sold in 54 countries and has stores in various countries of Latin America, but this new partnership will globalize the brand whilst maintaining its Colombian DNA.
Fifty-six companies in the last edition of The Sustainability Yearbook 2017 produced by RobecoSAM, the main reviewer of sustainability in corporations worldwide, hail from Chile. In this year's edition, Falabella ranked as the world leader in sustainability in its industry.
The National Academy of Engineering awarded Enrique Pescarmona the "Ing. Gerardo M. Lasalle" prize for his highly important and recognized merits in industrial development.
Argentina is offering investors the best opportunity in the past 25 years as President Mauricio Macri reforms the battered Latin American economy, according to real state developer Eduardo Elsztain. “We are executing the most aggressive investment program during the last 25 years because the values are still low," said Elsztain.
When thinking about Panama's future economic challenges, Stanley Motta is certain that education will play a big role. Without education, he says, there won't be a capable work force to generate or do jobs. Therefore, he proposes to change the role of the Department of Education to an authority figure.
Bolivia's president, Evo Morales Ayma, along with vice president Álvaro García Linera awarded the Mariscal de Santa Cruz medal to CAF's former president Enrique García. This medal was given to him at the honor "Gran Collar" as recognition for his great contributions to the economy of the countries that form part of the Andean community.
During this year's World Economic Forum on Latin America which took place in Buenos Aires, Marisol Argueta warned that the region should add value to its exported goods in order to neutralize commodity price cycles. "Latin America should industrialize its raw materials," she said.
Just days before the 12th annual World Economic Forum (WEF) on Latin America, Marisol Argueta talked to La Nación about the region's challenges and opportunities as well as the "Fourth Industrial Revolution." She believes that the region needs to start by looking at itself and its role in today's world.
After 25 years as president of the Development Bank of Latin America (CAF), Enrique García bid his job farewell on March, 31, 2017. During his tenure, CAF approved more than 150 billion dollars for the region and countries from the Caribbean and all across the Americas were welcomed as members. He will be succeeded by Luis Carranza Ugarte.
Enrique Hernández Pons has led Aires de Campo for the last four years, during which time he has increased the company's growth five fold. As a member of the fourth generation of the Hernández family he knows that turning the company into a global brand in the organic food market is not an easy task, but he is up to the challenge.
Carlos Rodriguez Pastor was named among 2017 Top 50 World's Greatest Leaders by Fortune Magazine. In 2010 he launched Innova Schools, which has proved to be very successful for its students.
Lorenzo Mendoza received the FT ArcelorMittal Boldness in Business Award in London in March. His company, Empresas Polar is the first Venezuelan company and only the second in Latin America to receive this prestigious award, which recognizes the innovation and risk that businesses endure amid an uncertain financial environment.
"It doesn't matter how tall the wall is, if people feel that they don't have opportunities in their country, they will find a way to cross." This is how Luis Alberto Moreno spoke about Donald Trump's proposed wall during the Inter-American Development Bank's 58th annual conference in Asunción, Paraguay. He then continued to speak about immigration from Latin America and the challenges that await the region.
Eduardo Elsztain believes that success is following an idea, in thinking of something and doing everything in your power to see it through. It doesn't matter if it takes a long time - perseverance and patience are key to him. In this two-part interview, Elsztain talks to PRS about his life, his career and gives advice to future generations. Click here to read the second part.
Blanca Treviño is the Mexican entrepreneur who conquered the IT world. During the First Latam Forum for Female Entrepreneurs, which took place in Santiago, she emphasized the role that women play in the economic development of their countries. Later, H.E. Rubén Beltrán, Ambassador of Mexico to Chile, recognized Blanca as one of the most successful female entrepreneurs "who has paved the way for those to come."
Eduardo Hochschild, art collector and business leader, reconciles his passion for art and education by extending ties in both worlds. An exhibit in Madrid presents a selection of contemporary art creations of Peru's most international generation.
Fundación Rafael Meza Ayau's president, Roberto Murray Meza gave out 96 scholarships for the 2017 school year. Additionally, the foundation donated $65,000 to nine humanitarian organizations around the country. Murray Meza commented, "We want to be a catalyst for change in the country and aid development in these communities."
Unfortunately, recent corruption scandals have had a negative impact on Mexico's economy and public perception. Nicolás Mariscal identifies three ways to mitigate the risk of corruption in Mexico.
If you or your company have a blog or column you would like to share with the group, please send a link to golivares@G50.org
The Latest from Moisés Naím
Former president Fernando Henrique Cardoso is remembered for spearheading Brazil's economic boom. However, apart from his two terms as president of Brazil, he is also one the most respected thought leaders in Latin America. In this interview he discusses the dangers for democracy in the world, corruption in the region, the situation in Venezuela and the threats wrought by Trump, Russia and China. Watch the full interview here.
Efecto Naím, 23 Oct 2017
Yes, the world has a leadership problem. But there's also a problem with the followers of those leaders.
El País, 21 Oct 2017
Is Sebastián Piñera the change that Chileans are looking for? He was president between 2010 and 2014, and even though he ended his term with diminished popularity, he is favored to win in the upcoming November 2017 elections. In this interview with Moisés Naím, Piñera talks about his election and the transformations he would like to see in Chile and Latin America. Watch the full interview here.
Efecto Naím, 18 Oct 2017
How did Donald Trump get to the presidency? Many have tried to explain his behavior, motivations and invective, but for Washington Post book critic, Carlos Lozada, there is a very particular way to understand Trump: through literature.
Efecto Naím, 9 Oct 2017
Is a nuclear war between the United States and North Korea possible? For Scott Snyder, one of the world's foremost experts on North Korea and a member of the Council on Foreign Relations, the answer is yes. Watch as he explains why this is one the most difficult conflicts of our existence.
Efecto Naím, 2 Oct 2017
At age 17, he built a computer that could compose music, and he designed the first program that allowed machines to read aloud. Now he is the director of engineering at Google. This is the life of Ray Kurzweil, a scientist that takes almost 150 pills a day with the hope of achieving "immortality" - something he believes will be possible by 2045. Watch the full interview with him here.
Efecto Naím, 25 Sep 2017
What do a farmer in Iowa, a graphic designer in Chile and a retiree in the UK have in common? Two things: They are members of their country's middle class and they're furious with their governments. And their disappointments are transforming politics.
El País, 22 Sep 2017
Between 2001 and 2011 Venezuela became one of the world's best clients for the Russian arms industry.
El País, 9 Sep 2017
Referendums, elections, legislative projects... they are all terms that we associate with democracy. But we are now seeing a worrying tendency: the democratic tools are being transformed in tools for concentrating power and limiting civilians' freedom. Andrea Kendall-Taylor reveals why personalism is booming and how this threatens democracy at at global level.
Efecto Naím, 31 July 2017
Latin America is the world's most deadly region. Eight of the ten most violent countries are Latin American. And even though the region only represents 8% of the world population, 37% of homicides occur in the region. Steven Dudley, the co-founder and co-director of InSight Crime, a journalistic organization dedicated to the investigation of organized crime in Latin America, speaks to Moisés Naím about this plague.
Efecto Naím, 24 July 2017
Economic sanctions on oil could could be the perfect alibi for Chavismo.
El País, 23 July 2017
We lie to pollsters, to our family members, to Facebook...but not to Google. Discover the surprises that our searches in that white box of the Internet can reveal.
Efecto Naím, 17 July 2017
They don't move from poor countries to rich ones. They don't look for better jobs. And they don't send remittances. The foreigners that retire in Latin America break all stereotypes about immigrants.
Efecto Naím, 10 July 2017
The history of the past 500 years shows a striking trend: whenever a nation has risen to compete with the dominant power, the result has most often been war.
El País, 8 July 2017
Western democracy became the world's most successful political idea. But this ideal is under threat today. Moisés Naím talks to Bill Emmott, former editor in chief of The Economist and author of a new book, The Fate of the West, which argues that the fight is not yet lost.
Efecto Naím, 3 July 2017
Jaime Bayly is irreverent and irresistible. His humor, his intelligence, and his total contempt for privacy (of others...and his own) have transformed him in one of the most famous and controversial people of Latin America. In this unfiltered conversation with Moisés Naím, he talks about his career, the mistakes he has made and his difficult relationship with the people he loves the most.
Efecto Naím, 26 June 2017
Every second, one person escapes poverty.
Homi Kharas, this week's guest, wants everyone to understand the battle against extreme poverty...and what countries are losing. For this reason, he created the world poverty clock.
Efecto Naím, 19 June 2017.
Trump ended the idea that corruption and nepotism at the highest level of government only flourished in dictatorships.
El País, 17 June 2017
Leadership on the battle against climate change is shifting from the White House to Europe and China.
El País 4 June 2017
The new world order will be defined by those who take over the power vacuums that the United States is leaving behind.
El País 27 May 2017
Ten years have passed since the last transmission of Radio Caracas Televisión (RCTV), the legendary channel that since the 50's reached millions of Venezuelan homes. Hugo Chávez declared it "fascist" and did not renew its concession. To commemorate this black day for freedom of speech in Latin America, Moisés Naím invites a man who was at the center of the storm: Marcel Granier. Watch as Naím and Granier discuss Venezuela's past and present.
Efecto Naím 27 May 2017
And removing him from office won’t ease the country’s misery.
The Atlantic 25 May 2017
We live in the "viral" era, in a connected world where audiences are global and hits are BIG hits. The world's most watched YouTube video has 2,800 million hits. The most popular tweet has been shared 3 million times. And it is not just the Internet. The most popular movie has sold more then 2,700 million tickets and the most popular book series has sold 500 million copies. What is the secret to these mega hits? Derek Thompson dedicated himself to figuring it out and in this interview he reveals the formula for popularity.
Efecto Naím 22 May 2017
During the annual World Economic Forum in Davos, the president of China surprised everyone with a passionate defense for economic integration and globalization. Surprised because Xi Jinping is the leader of the world's biggest communist party...and a man full of surprises. Get to know how this enigmatic leader went from being a forced agricultural worker to leading the world's second biggest economy.
Efecto Naím 15 May 2017
In 2004, Richard Florida wrote a book that changed the way we understood cities. The secret is not to attract big factories or infrastructure projects, the secret is to attract the creative class: the entrepreneurs, the innovators, the artists. The cities that followed his recommendations have been very successful...but they are now faced with unexpected consequences. Today, Florida looks for solutions for this new urban crisis.
Efecto Naím 8 May 2017
Its tyrannic leader and nuclear weapons arsenal have the rest of the rest of the world on high alert. Efecto Naím takes a trip to North Korea, a country full of mystery and dangers.
Efecto Naím 1 May 2017
Months before the fall of the military dictatorship in Argentina, Carlos Sluzki, psychiatrist, went to a professional conference in Buenos Aires. What he told his audience made them panic without reason. In this conversation we explore the various ways in which dictatorships change the way of thinking, talking and behaving of their victims.
Efecto Naím 24 Apr 2017
Democracy gives the most precious ingredient to tyrants: legitimacy.
El País, 22 Apr 2017
Around the world, politicians can follow a simple recipe to present themselves as saviors of “the people.”
The Atlantic 21 Apr 2017
ANNOUNCEMENTS FROM OUR PARTNERS
Humanitas 360 in partnership with the Fernando Henrique Cardoso Foundation invite you to the panel discussion "The Fight for Democracy in Venezuela and What Brazil Can Do about It," which will take place at the FHCF in São Paulo in the coming October 31st from 13h30 to 18h00. To see more information about the event, please click here. If you wish to attend but unfortunately cannot make it, you can livestream it here.
The Teatro del Lago will host their Festival Gala this coming November 2-5 in Frutillar, Chile. G50 member and president of Fundacion Teatro de Lago, Nicola Schiess, invites you to this weekend full of incredible arts and culture events and performances. To attend or for more information please email Teatro del Lago. You don't want to miss out on this exclusive and awe-inspiring festival.
If you or your company have interesting news you would like to share with the group, please send a PDF or link to golivares@G50.org.