YTDialogue of civilization!

WPF – Youth Time

27.10.2011 YT - Moritz von Bonin 1

Rhodes, 11. October 2011

WPF – Youth Time

The financial crisis

Moritz von Bonin

The financial crisis in Europe: What I learn from i t!

YTDialogue of civilization!

How Germany developed its economy since 1945

A brief historical review

1948 - 1952

Marshall Plan

− A 13 Billion $ (today’s worth 75 Billion EUR ) support of the West European economies by the United States

− Act of humanity , combat the spread of communism and create a market for US products

− Impact on Germany: 1,3 Billion $ and the first step of European integration

− 1,4

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1990

2010

Reunification

Financial Crisis

− Until now Germany spend 1,4 Trillion EUR to reconstruct eastern Germany− Financing of the reunification: Tax increase and additional national debts− Impact until now: 30 Billion EUR on top interest payment p.a.− Result of the east: Top class schools and universities; innovative industry

− Successful strong industrial brands (BMW, Siemens …)− High quality of green industry (wind, solar, …)− Industrial back bone with strong small and medium-sized businesses− Low unemployment rates and discipline of state finance

YTDialogue of civilization!

Why Germany seems to be in a position of comfort

Assumption of success

1

Change

− The experience that you have to react flexible in a fast changing world − The perspective to “focus on top quality and never rest, always try to become

better”− Invest in education and research− Support of innovation and creation of an environment of free thinking

− Made in Germany

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* World Bank; Year 2009

2

3

Market

Peace

− Development of the brand “Made in Germany ” − Free trading within the EU− Find the way into new markets (e.g. China, Brazil)− Understand and react faster then others on long term trends

− Policy of unity and not of dividing (e.g. in the EU)− Joint interests and friendship with all former enemies (e.g. Russia, France)− Benefit: No need for boarder protection, low military spending (1.4%* of GDP

Germany, 4.7%* USA, 4.0%* in Greece)

YTDialogue of civilization!

Development [trends]1

− Megatrends and how they influence societies and change values of people

− Forecasting the future and understand the historyExamples:� Easternization�

Exchange [civilization] 2

The fundament of a successful future will be “The dialogue of civilization!”

− Learn about other perspectives− Understand other cultures− Reflect my own point of view

Examples:� YT Altai

Key assumptions of future success

China

Future

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� Internet usage� Water needs

Networking [dialogue] 4Discussion [current events]3

YTDialogue of civilization!

�

�

− Create a Network of people that are:Open minded, willed to look across the ownboarders and share a fundament of values

Examples:� YT Altai� Facebook� Meet and visit each other

− Analyze incidents that have global impact

− Discuss root cause, development and effectExamples:� Financial crisis in Europe� Arabic Revolution�

Water