We talked about global priorities!
What should they be?
As you said!
-respect
-education
-population control
-realistic costing
http://www.copenhagenconsensus.com/Default.aspx?ID=788
Copenhagen Consensus 2008
http://www.copenhagenconsensus.com/Default.aspx?ID=1143
Outcome documents
Press Release (30th May 2008)
Results (30th May 2008)
The world’s best investment: Vitamins for undernourished children,
according to top economists, including 5 Nobel Laureates
Over two years, more than 50 economists have worked to find the best solutions to ten of the world’s biggest challenges. During the last week of May, an expert panel of 8 top-economists, including 5 Nobel Laureates, sat down to assess the research.
The result: A prioritized list highlighting the potential of 30 specific solutions to combat some of the biggest challenges facing the world.
Combating malnutrition in the 140 million children who are undernourished reached the number one spot, after economist Sue Horton of Wilfrid Laurier University in Canada made her case to the expert panel.
Providing micronutrients for 80% of the 140 million children who lack essential vitamins in the form of vitamin A capsules and a course of zinc supplements would cost just $60 million per year, according to the analysis. More importantly, this action holds yearly benefits of more than $1 billion.
In effect, this means that each dollar spent on this program creates benefits (in the form of better health, fewer deaths, increased future earnings, etc) worth more than 17 dollars.
CC08 - read more about it
CC08 - download the papers
CC08 - for the media
The Copenhagen Consensus Center analyzes the world's greatest challenges and identifies cost efficient solutions to meeting these challenges. The Center works with multilateral organizations, governments and other entities concerned with mitigating the consequences of the challenges which the world is facing.
With the process of prioritization, the center aims to establish a framework in which solutions to problems are prioritized according to efficiency based upon economic and scientific analysis of distinct subjects.
The Copenhagen Consensus Center is headed by Bjørn Lomborg.
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HSBC group chief Michael Geoghegan has warned that inflation is one of the biggest issues facing the world economies.
Speaking at an Asia Society lunch in Hong Kong, he said many countries and central banks were "not facing up to inflation".
"I do believe that to a very large degree the inflation numbers that are coming out of various central banks don't reflect the underlying rate of growth in ... household expenditure," Mr Geoghegan said. He noted that, while it was easy to say inflation was slowing, "it doesn't achieve anything".
"Inflation is there and it's growing," he said.
Mr Geoghegan said inflation would benefit the US economy but in the short term the US would need to increase interest rates. "I'm not sure governments in the current time wish to face up to that (interest rates increases), but I would urge them to," he said.
Mr Geoghegan predicted that interest rates in the US could rise after the presidential election in November. "Clearly, I think in this election year it's unlikely that we will see interest rates going up, but they may well need to go up after the administrator has been appointed," he said.
In his wide-ranging speech, he also touched on the investment banks, which he said had a flawed model.
"The idea that groups of people who don't have deposits to call on and who raise large amounts of money and take the position as banks ... I think that's probably a subject we will see change over time," Mr Geoghegan said.
