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Global Economy Prize 2007
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Motivation
The Nomination Process
left to right: Dr. h.c. mult. Helmut Schmidt, Prof. Dennis J. Snower, Ph.D., Dr. h.c. Ingvar Kamprad, Peter Harry Carstensen, Minister President of Schleswig-Holstein.
Prof. Dr. h.c. mult. Amartya Sen.
The Kiel Institute, with the support of the City of Kiel and the Schleswig-Holstein Chamber of Industry and Commerce, has proudly awarded its third Global Economy Prize on June 17, 2007.
Peter Harry Carstensen, Minister President of Schleswig-Holstein, was present during the award ceremony.
The winners of the Kiel Institute Global Economy Prize this year are:
Dr. hc. mult. Helmut Schmidt, Former Chancellor of the Federal Republic of Germany
More pictures from the award ceremony
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| Dr. h.c. mult. Helmut Schmidt, Former Chancellor of the Federal Republic of Germany, | Prof. Dr. h.c. mult Amartya Sen, Ph.D., Nobel Laureate in Economics, and | Dr. h.c. Ingvar Kamprad, Founder of IKEA. |
Dr. h.c. mult. Helmut Schmidt, born 1918 in Hamburg, served as Chancellor of Germany (1974-1982). During his government he had to face the economic and political storms in the wake of the oil crisis and the breakdown of the Bretton Woods system of fixed exchange rates. Also, in dealing with terrorism he had the opportunity to unleash the full power of his management skills which he had already revealed earlier during the dramatic flood that struck the city of Hamburg in 1962. Together with the French President Valery Giscard d’Estaing he laid the foundations for the creation of the European Monetary System and the establishment of the European Central Bank. Since 1983 he is co-editor of the weekly newspaper “Die Zeit”. As a public figure, he is well-known as an advocate of an open society and social equity. | Prof. Dr. h.c. mult Amartya Sen, Ph.D., born 1933 in India, was awarded the Nobel Prize in Economics in 1998. In his research work he focuses on poverty and distributional issues and seeks market-based solutions to the problems of poverty and inequality by resorting to the ethical principles of economics; he has applied this approach successfully to such areas as conflict resolution. His work has had far-reaching implications for welfare economics, development economics, ethics and conflict resolution. | Dr. h.c. Ingvar Kamprad, born 1926, established IKEA at the age of 17. IKEA operates in 44 countries and employs 90,000 people. From 1995 to 2005 sales grew by 270 per cent reaching the level of 14.8 billion euros. The company is owned by a Dutch foundation which is estimated to have a net worth of at least 30 billion euros. With his management style, he motivated his co-workers to produce furniture featuring Scandinavian designs and to sell them globally at Asian prices. Mr. Kamprad is known for a management philosophy that focuses on the value of good, honest, simple, hard work – and on lean management. |
In their distinctive ways, each of this year’s prize winners reflects the objectives of the Kiel Institute Global Economy Prize. The Prize is meant to promote a creative voice heard in frequently sterile public debate on the future of the global economy. It is neither the voice of ruthless, unconstrained market forces, nor the voice of indiscriminate government intervention. Instead, in honoring the outstanding accomplishments of our prize winners, the Kiel Institute seeks to highlight how incentive-based market activity can promote both economic efficiency and social equity.
Global Economic Prize 2011 / 2010 / 2009 / 2008 / 2006 / 2005
contact person: Prof. Dr. Federico Foders