The 38th St. Gallen Symposium
University of St. Gallen
Switzerland
15–17 May 2008

Global Capitalism – Local Values

34th St. Gallen Symposium

The 34th St. Gallen Symposium took place at the University of St. Gallen between 13–15 May 2004, with “The Challenges to Growth and Prosperity” as its general theme. For three days, 600 decision-makers from business, society and politics, as well as 200 students from 58 nations, had the opportunity for a constructive exchange of views on the questions and challenges we face concerning growth and prosperity.


Global society and the separate national economies are marked by constant insecurity and deep-rooted conflicts between the different cultures. Immovable barriers seem to stand in the way of political reform in many areas. Having found a way out of the immediate crisis, business is faced with the challenge of creating strategic and structural incentives in order to promote corporate growth and secure innovation in the long-term. The 34th St. Gallen Symposium offered a chance to exchange ideas openly while developing and discussing a long-term approach to solving the problems before the modest recovery changes the way we view the obstacles to growth and affluence and restricts the scope of criticism.


This anthology contains all keynote speeches from the most recent “3 Days in May” and covers an impressive cross section of the views expressed by prominent figures whose contributions served as the starting point for a dialogue that transcended generations and cultures, as well as the inspiration for creative thinking and individual reflection. Accordingly, the ISC would like to extend its warm thanks to the esteemed members of the faculty. A special thanks from the ISC also goes to this year’s Chairpersons, Lord Griffiths of Fforestfach and Ms. Christine Lagarde; with their broad knowledge, they were once again impressive in guiding us through the programme with the necessary resolution and diplomacy.


The members of the Board of Trustees of the St. Gallen Foundation have played
a prominent part in the success of the 34th St. Gallen Symposium. The intensive support, great personal commitment – especially from the Chairman Dr. Josef Ackermann – and the trust and confidence they have shown deserve a sincere word of thanks from the ISC.


The 176 students of the University of St. Gallen who, with their selfless hard work as members of the Support Crew gave more than 1,000 participants an unforgettable “3 Days in May”, have earned our special appreciation and thanks. Furthermore, since its foundation, the ISC considers itself extremely fortunate to have been able to enjoy the hospitality of the University of St. Gallen.


In closing, the ISC would also like to thank all members of the Circle of Benefactors and sponsors whose moral and material support forms the basis of our student initiative, as well as each and every one of the participants who, through their personal commitment, have allowed the dialogue at the 34th St. Gallen Symposium to become a reality.

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