11th Gaidar Forum, Russia and the World: Challenges of the New Decade, opens in Moscow
Leading world academics, politicians, financiers and representatives of the global business elite have met at the 11th Gaidar Forum at the Russian Presidential Academy. This year, the program includes 85 sessions in various formats devoted to discussing the current Russian agenda and how it is affected by global developments.
This year, the Russian Prime Minister will take part in the forum in a new format. On January 17, Dmitry Medvedev will meet with international experts participating in the forum and discuss with them a series of issues raised during the discussions. In his greeting to the forum participants, he noted that we live in a rapidly changing world and that success is now determined by how the entire world community and each country individually respond to these changes.
“The rich and versatile program of the forum provides for a deep analysis of the entire scope of these problems, and an evaluation of how effective the existing tools and mechanisms we use are. Our main goal is to jointly come up with out-of-the-box approaches to them,” Dmitry Medvedev emphasized. “It is natural that such discussions have very specific, practical importance along with their research and theoretical value.”
Shortly before the President’s annual Address to the Federal Assembly, the participants of the Gaidar Forum had time to discuss the key vectors in the development of priority social projects in Russia, business education and monetary policy. Minister of Economic Development Maxim Oreshkin described inflation as “the main sign of an unhealthy economy”: “It is a signal that incentive measures have stopped working. The structure of demand in the economy, the balance between private investment and government spending, and timely response are important. Problems arise when countries do not respond to inflation.”
The successful monetary policy implementation is possible only through an independent Central Bank, Harvard University Professor Kenneth Rogoff said: “Having the Central Bank report to the monetary authorities is a disastrous path. I remember January 2015 in Russia, low oil prices, large foreign currency debts – all factors conducive to a new crisis. Russia reacted in a professional and logical way; the Central Bank coped with the task perfectly.”
At the session A Long Time: 10 Years’ Tribute to the Memory of Yegor Gaidar, various opinions were voiced as to whether the reformer was rather a theoretician or practitioner. “With economic reforms, it often happens that only negative effects are noticeable at first, but the positive results do not appear until later. Therefore, many reformers do not have recognition while they live. Whoever takes responsibility for the reform should realize they might not be even able to see the positive effects of the reform they launched, because those would come much later,” said Esko Aho, Senior Adviser to East Office of Finnish Industries, Prime Minister of Finland in 1991-1995.
The Gaidar Forum is held at the Presidential Academy under the auspices of the Government of the Russian Federation. Over 11 years, it has become one of the most respected expert platforms that traditionally determine the vector for public and academic discussion.
11th Gaidar Forum Organizers:
The Russian Presidential Academy of National Economy and Public Administration (RANEPA);
The Gaidar Institute for Economic Policy (Gaidar Institute);
The Association of Innovative Regions of Russia (AIRR).
General partners: Gazprom, Gazprombank. Strategic partners: Coca-Cola, Mastercard, Russian Railways, Pharmstandard group, Johnson & Johnson, Sanofi, Novartis Group, MSD, ACIG Group, EF Education First. Partners: Prosveshcheniye Group, EY, Huawei, RVC, Russian Agricultural Bank.
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