Chairmen of the round table on “Humanitarian aspects of economic development” – Prof. Dr. Shamsaddin Hajiyev, the rector of Azerbaijan State University of Economics and the Head of the Science and Education Committee at the National Assembly; Lord Robert Skidelsky, the director of the Centre for Global Studies and Emeritus professor of the University of Warwick; and Mr. Anatoliy Varfolomeyevich Rahanskiy, Honorary member of the Parliamentary Assembly of the Council of Europe made speeches at the opening section of the round table.
Professor Shamsaddin Hajiyev, the Rector of Azerbaijan State University of Economics and the Head of the Science and Education Committee at the National Assembly opened the round table, greeted the participants and wished to succeed in round table activity. In his introductory speech, he spoke about the importance of Baku International Humanitarian Forum for Azerbaijan and world community, stated that this is the third year the Forum is held in Baku, and during this period this internationally recognized Forum specialized as an important international platform for discussions of critical humanitarian issues. He highly appreciated Forum’s work in previous years and emphasized the fact of 13 Nobel Prize winners’ participation in this year Forum as the successful achievement.
Prof. Sh.Hajiyev stressed the importance of organizing roundtable on “Humanitarian aspects of economic development” and the actuality of the discussed topics. He noted that this roundtable is particularly important since economic development is the basis for social progress. He added that the world has witnessed rapid economic growth and transitioned to the post-industrial era in the 21st century. The world has experienced enduring conflict and poverty, as well as deep economic crisis. He emphasized the importance of studyng the experiences of countries affected by the crisis in order to learn from them, especially Azerbaijan, as it has successfully averted the crisis. At the end, he mentioned his confidence in the productive discussions in all three sections.
Lord Robert Skidelsky, professor of the University of Warwick in his welcome address noted it was the third year in a row he has participated in the Humanitarian Forum and expressed his happiness for being there. Then he introduced a new development theory that claim human development is not necessarily connected to economic growth and introduced the topics that would be discussed at the roundtable in context of this theory.
Mr. Anatoliy Varfolomeyevich Rahanskiy, Honorary member of the Parliamentary Assembly of the Council of Europe greeted the participants, thanked the forum organizers, and expressed his excitement to partake in this event. He added that the Baku International Humanitarian Forum is of the utmost importance and is extremely well organized. He then expressed his confidence in Azerbaijan’s long-term stability and ability to host this event in years to come. Mr. Rahanskiy further emphasized the importance of education and science in the country’s economic development.
The third section of the roundtable named “Sustainability Problem of Economic Development: Priority of Humanitarian Aspect” was opened by the moderator Mr. Shahmar Movsumov, the executive director of Azerbaijan State Oil Fund. He greeted the participants, mentioned the discussion topics of the section and introduced the speakers.
Professor Finn Kydland, Nobel Prize winner in Economics made a speech named “What Ails Europe and the United States?”. He discussed the importance of optimal state administrative policy during the global economic crisis and compared the GDPs of a number of countries to demonstrate which ones have experiences the best economic development post the 2008 crisis. Furthermore, he provided examples of different countries to explain this concept.
Ms. Helga Daub, Member of the German Bundestag spoke on the topic of “Humanitarian aspects of economic development”. She talked about the economy based on social and humanitarian standards and the conditions of balancing these social and humanitarian aspects. In this regard, she mentioned the importance of creating social-oriented economy, involving of business structures, implementing the prevention methods against corruption and possible problem solving means of world financial crises and ecological problems in the developing countries.
Professor Igor Anatolevich Maksimtsev, the rector of the Saint-Petersburg State University of Economics made a speech on “Intellectual resources as a key driver for Russia’s sustainable development”. He claimed that tolerance is the key factor for building a sustaianable economy in the modern world. It is therefore important to increase the level of education amongst young people in order to develop tolerant global citizens who stand in solidarity with one another.
Mr. Yurii Petrovich Bohutskyi, Adviser to the President of Ukraine spoked on the topic of “Humanitarian aspects of economic development”. In his speech, Mr. Bohutsky described Ukrainian humanitarian development concept and currently applying state programs as an example of economic development model. He contiuned by stating the importance of finding modern ways to manage economic crisis and emphasized the humanitarian approach of these issues.
Ms. Anne-Marie Lizin, Honorary Speaker of the Belgian Senate made a speech named “Two joined criteria: the economic development and the parallel capacity building for men and women in the same country”. In her speech, Ms. Lizin stated that gender equality is pivotal to economic development. She explained that proper economic growth is not the result of external factors or chance but that of targeted government policy, which focuses on increasing equality between men and women, solving the problems of global citizenship, eliminating the religion-based discrimination and etc.
Professor Avaz Bayramov, Vice-rector of Azerbaijan State University of Economics made a speech on the topic of “Modern paradigm of global economic development: humanitarian aspects”. He claimed that the humanitarian approach is missed in many global economic paradigmas, social justice and economic freedom are interrelated, and poverty originated from the absence of both. If we hope to reach stable economic development we must hold dialogue between different cultures, religions, and civilizations all over the world.
Ms. Saule Augaityte, professor of the University of Perugia spoke on the topic of “Sustainability aspect of economic development”. In order to attain sustainable economic development, we must develop the society and environment in addition to the economy. She further explained that the assessment of an economy’s sustainability must be done in accordance with theoretical and practical materials.
Mr. Luigi de Magistris, Mayor of Napoli made a speech on “Humanitarian aspects of sustainability problem of economic development: Model of Napoli”. He opened his speech by exclaiming that we must stop exploiting the planet’s natural resources and work to protect the enviornment. He then went on to discuss the economic development model of Napels. He discussed it’s policy of maintaining loyalty to its roots and culture while still opening up to globalization.
Q&A session and discussions were held at the end of the first section.
The second section of the roundtable named as “Humanitarian Problems of Global Economic System” was opened by the moderator professor Viktor Ivanovich Grishin, the rector of Russian University of Economics named after Plekhanov. He greeted representatives, mentioned the discussion issues of the section and introdused the speakers.
Professor Robert Emerson Lucas, Nobel Prize winner in Economics made a speech named “Poverty and Inequality in the World Economy”. He discussed the inequality of the world economies’ development levels. He explained that today’s massive gaps originate from the time of the Industrial Revolution. He added that things are changing, as in the second half of the 20th century the developing countries began to catch up and today defining the correlation between the rich and the poor is more important than classifying countries by the middle-income.
Professor Ramazan Tashdurmaz, member of the Board of Istanbul Arel University and former rector of Nigde University made a speech named “Current humanitarian problems in political economics”. He noted that his speech will revolve around individual freedom in the economic sphere. It is important since we see individual activity in every level of economic development. Therefore, the government must pay attention to individual needs and legislate accordingly.
Professor Morozevich Anatoliy Nikolayevich, the rector of the Academy of Public Administration under the President of the Republic of Belarus spoke on the topic of “Belarusian model of humanization of economic processes”. Analyzing the Belarusian model of economic development, prof. Morozevich stated that national humanitarian development model should be chosed according to the country’s culture and traditions.
Mr. Gian Guido Folloni, the president of Italian Institute for Asia and Mediterranean mentioned his pleasure to be in Azerbaijan and his satisfaction to attend the Forum. He made a speech named “Humanism and sustainable development”. Mr. Folloni discussed the global economic crisis. He explained that the system is in crisis because there is a need for a paradigmatic shift. Leaders must stop relying on old economic philosophies and adapt economic policies to modern requirements based on three driven-factors – nation, knowledge and territory.
Professor Rasim Hasanov, the director of the Scientific-Research Institute for Economic Investigations under Azerbaijan State University of Economics made a speech named “Social and economic policy in terms of global crises: the experience and achievements of Azerbaijan”. He discussed the economic crisis and its adverse impact. Furthermore he stated that effective economic policies can help the economy resist the negative impact of crisis when the economy is sustained enough. Prof. Hasanov mentioned that Azerbaijan has successfully implemented such policies, averted economic crisis and the experience of Azerbaijan can be useful for many countries.
Mr. Michael Hopkins, CEO of the MHC International Ltd. made a speech named “Doing Business in Regions of Conflict: Can CSR help?”. Mr. Hopkins discussed corporate responsibility and the importance of enterprise in areas of conflict. He explained that it is possible to resolve conflicts and help the societies affected by them. He broadly analyzed the policy for “transfer black gold to human capital” undertaken by Azerbaijani government.
Mr. Alesker Tagiyev, the first deputy chairman of the International Union of Lawyers made a speech named “Law and economics: some actual issues”. Mr. Tagiyev discussed the role of law in economy. He spoked about effective competition, legislative regulation of the economy, the society’s control on economy in the context of interrelated dependence of the economy and law.
Q&A session and discussions were held at the end of the second section.
The third section of the round table named “New period of global economic development: problems and perspectives” was opened by the moderator professor Shamsaddin Hajiyev, the rector of Azerbaijan State University of Economics and the Head of the Science and Education Committee in the National Assembly. He greeted the participants, mentioned the discussion topics of the section and introduced the speakers.
Professor Edward Prescott, Nobel Prize winner in Economics made a speech named “Good Governance: Necessary for Sustained Economic Development”. He mentioned the importance of proper governance and the implementation of effective controls to moving an economy forward, which is transferred to the digital economy. Prof. Prescott further added that without crafting relevant economic policies it is impossible for an economy to experience real growth and there is a real need to modificate the neoclassical growth model in the conditions of financial crises.
Professor Lev Ilich Yakobson, First Vice Rector of Higher School of Economics (National Research University) made a speech named “Strategy 2020: An Innovative Growth Model – New Social Policy”. He spoked about the economic growth in Russia between 2000-2008 and the economic development in the country after global economic crisis. He explained that the crisis obliged the world’s economic leadership to craft more humanitarian economic policies. More specifically, we need to build institutions that will develop human capital. Society and government must work together to find new ways to drive the economy.
Professor Masoud Nikravesh, researcher at Lawrence Berkeley National Laboratory spoked on the topic of “The Next Frontiers for Innovation, Increase Productivity and Sustainable Economic Development”. Prof. Nikravesh’s presentation revolved around the importance of technology to the modern economy. He explained that in today’s economy computation and data are critical and therefore we need to train the next generation to be experts in this field.
Professor Nazim İmanov, editor-in-chief of “The Caucasus and Globalization” scientific journal spoked on the topic of “Azerbaijan economy’s targets for 2020: social-oriented perspectives”. He emphesized that Azerbaijan economic development model is a social-oriented economic model. He added that Azerbaijan has a number of achievements in this regard. In fact, Azerbaijan’s government agreed on the “Azerbaijan2020”strategic plan, which contains again several social-oriented targets.
Ms. Concepcion Olavarrieta, chair of the Mexican Node of Millenium Project made a speech named “New Mexican actions for migrants better future”. Ms. Olavarrieta talked about Mexico’s growing immigration problem. She elaborated by explaining that many immigrants use Mexico as a transition country to reach the US, where they hope to realize the American dream. She also talked about the problems caused for the government by this transition, such as crime and disease.
Ms. Paola Casagrande, chairman of the Italy-Azerbaijan Association spoked on the topic of “IDP issue: new social problem for economic development”. Ms. Casagrande discussed the global problem of refugees. In particular, she talked about Azerbaijan’s refugee problem and its impact on the country.
Mr. Luciano Fantini, member of “Eco-museums” project made a speech on the topic of “History and nature”. Mr. Fantini talked about Rome’s ancient history and the value of its many monuments and art to humanity. Therefore, he said that in wanting to beautify and develop cities by building new structures leaders must be cautious and preserve the nation’s heritage. He mentioned the activities of Haydar aliyev Foundation in this direction and added that the new economic system must protect the environment and historical heritage.
Professor Vladimir Ivanovich Sergiychuk, professor of Taras Shevchenko National University of Kyiv talked on the topic of “Consistency and charity: Ukrainian tradition of support inspirituality development”. Prof. Sergiychuk’s speech was about charity’s central role in the development of society. He gave Ukraine as the model for social and cultural development.
Q&A session and discussions were held at the end of the third section.
Professor Shamsaddin Hajiyev, the Rector of Azerbaijan State University of Economics and the Head of the Science and Education Committee in National Assembly summarised the issues discussed in the sections of round table, thanked to speakers and participants for active participation in each section, and mentioned the successful work and the end of the round table discussions dedicated to humanitarian aspects of economic develoment, and overall the III Baku International Humanitarian Forum. He asked the round table participants to express their opinion about the Final Declaration of the Baku International Humanitarian Forum. The declaration was adopted unanimously.