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Photo of Stéphane Garelli (Switzerland)
CONFERENCE SPEAKERS

Fee band B £5K TO £10K

"Brilliant, amusing and very interesting - he made economics fascinating and relevant to everybody"

Mail on Sunday

TOPICS

Economic Overview, Emerging Markets (BRIC), Risk, Bus. Competitiveness

SPEECH TITLES

The new rules of competitiveness
The effects of external forces on business strategy & skills

BIOGRAPHY

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Acknowledged as a leading authority on competitiveness, Stéphane Garelli is Professor at the International Institute for Management Development and the University of Lausanne. He is also Director of the World Competitiveness Centre.

Garelli focuses on how companies and countries compete in international markets. Given that globalisation makes us much more vulnerable to external forces, he analyses the economic environment and measures the prospects - taking infrastructure, education, technology and demographics into account.

He demonstrates how, as emerging markets turn into emerging powers, market share is becoming increasingly important. Companies must accept a higher degree of risk in their operations and adopt a more aggressive mindset.

Professor Garelli is chairman of Swiss newspaper Le Temps. Prior to that he was Chairman of Sandoz Banking Holdings and a board member of Banque Edouard Constant. He served as senior advisor to Hewlett-Packard Europe, and before that Managing Director of the World Economic Forum and The Davos Symposium.

Stéphane Garelli is a member of the China Enterprise Management Association and the Royal Society. He has also been elected to the Constitutional Assembly of his local state in Switzerland.

Garelli's presentations are always forceful, accessible and above all thought provoking.

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Q&A

JLA: What shape recovery do you envisage?
SG: A 'J' in reverse

JLA: What have we learned about globalisation?
SG: A global economy means global recession. The linkage between economies is greater than had been thought, partly because several emerging nations have relied heavily on exports. Some, including China, see the danger of this strategy and are developing their domestic market.

JLA: What are the consequences of our public debt?
SG: The G20 now has $9,000bn of additional debt. Sooner or later governments will have to pay for their $3,200bn stimulus plans, and this might well hold back growth. Amongst other measures, increased taxation is inevitable.

JLA: Why should recovery look different in the UK?
SG: Recovery is happening later in the UK compared to other nations, because the economy has been over-reliant on financial and professional services; and we are emerging at a lower point in the curve. This could lead to a serious problem of over capacity, and Britain may have to become more diversified.

JLA: Will this recession have changed capitalism itself?
SG: Yes. The name of the game is no longer simply to manage economic growth, but economic prosperity. This means growth plus something else - like sustainable development, impact on the local community and poorer nations, and ethics.

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