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May 17 (Tuesday)

8:40-8:50

Special Address

Introduction:

Richard D. Parsons, Chairman and CEO, Time Warner Inc.

Speaker:

Zeng Peiyan, Vice Premier, People's Republic of China

8:50-9:40

The New Asian Century

The rise of China, the recovery and comeback of other "tiger" economies, and the emergence of new regional powers are forging an Asia that is a force to be reckoned with. As the region and its leaders assume a more prominent role in the global economy, a host of demographic, economic, and geopolitical trends is emerging.

9:40-9:50

Technology and the New Asian Century

Speaker:

Jong-Yong Yun, Vice Chairman and CEO, Samsung Electronics, Ltd.

9:50-10:40

The Auto Industry in Asia: An Open Road?

The auto industry offers a compelling case study that is a microcosm of the issues and challenges of doing business in Asia (and particularly China): government regulation, technology transfer and intellectual property, global vs. local branding, sociological and environmental impact, energy issues, and more.

11:10-12:00

India: The Other Emerging Powerhouse

World-class, homegrown businesses that have emerged in knowledge-based industries are transforming India into a key global player. What needs to happen in other emerging industries for India to repeat the success it has achieved in health care and information technology? Is India poised to become a power in manufacturing as software is embedded in more and more products?

12:00-12:50

Understanding China’s Capital Market

A strong, stable private-equity market is critical to the economic growth of China and global markets. How are China's young capital markets evolving? What are the barriers, both structural and cultural, investors need to understand?

14:10-15:00

Concurrent Sessions

(I) The Falling Dollar's Global Impact

The declining value of the American dollar has had a tremendous impact on the global economy-an impact likely to be even more pronounced if the yuan is unpegged from the dollar.

14:10-15:00

Concurrent Sessions

(II) Perspectives on Doing Business in Asia: Understanding What Works

Views on business and economic development vary from country to country, continent to continent. Formed by different social, educational, and economic environments, the approaches, attitudes, and models that work in the West do not always translate to the East. What do executives hoping to do business in Asia need to know as they navigate this complex, nuanced business arena?

14:10-15:00

Concurrent Sessions

(III) Corporate Governance

Reform of corporate governance in Asia has been ongoing since the late 1990s. But given the relative newness of the concept to many Asian countries, what does "good governance" really entail? What barriers do Asian culture, ethics, and values raise to implementing the kinds of corporate governance practices that are standard in Europe and the U.S? What rules are likely to be adopted in various Asian markets?

14:10-15:00

(IV) Creating a Global Workforce

To succeed globally, multinationals need to be able to manage human resources effectively on a worldwide scale. Various models are being phased in with differing degrees of success. Can and should you try to create a global corporate culture? How does adopting a global approach change the already complicated issues surrounding attraction, retention, and development of high-potential employees? Why do some see a truly global workforce-with senior-level positions open to candidates worldwide-as the ultimate solution?

14:10-15:00

General Session
(V) CNN Connects: China Rising

Televised live by CNN, and chaired by CNN Anchor Jim Clancy, this session features a broad-ranging discussion on the rapid economic growth in China and the huge gaps that remain between rich and poor, city and country, East Coast and the West, and how the leadership is addressing those challenges.

15:15-16:05

General Session

Energy: Finding Fuel for Continued Economic Growth

Sustainable development requires a sustainable energy supply. As the world's appetite for energy continues to balloon, driven by the surging consumption of crude oil in China and other industrial nations, readily accessible reserves are drying up. Known untapped resources tend to be located in areas where extraction costs are prohibitive. Is it time to get serious about alternatives? What are the viable alternatives: nuclear, solar, wind, coal? How do countries balance short-term need for energy to drive growth with longer-term effects on the economy and environment? Is regional cooperation on energy a real possibility, given different strategic interests?

15:15-16:05

General Session

The World Economy: What Could Go Wrong?

Not everyone paints a rosy picture about the current world economy and the outlook going forward. In this session, we'll hear three different views on what may be looming beyond the horizon if we don't heed the warning signs. Blackstone Chairman Pete Peterson and Morgan Stanley's chief economist Stephen Roach will share their visions of an inevitable economic meltdown in the US caused by fiscal profligacy and the corrective action needed to avert it. Noted business consultant C.K. Prahalad will look at the underclass in India and China as a cause for concern and make a case for how companies doing business in those countries can fight poverty with profitability. Renowned Peruvian economist Hernando de Soto will analyze why capitalism has failed to translate to other parts of the world and talk about what actions governments need to take to enable impoverished citizens to turn their work and savings into productive capital.

 

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