Understanding and Shaping Globalization – in line with this motto the Kiel Institute for the World Economy sees itself as the research institute in Germany for globalization issues. In its academic work, it focuses on the drivers and effects of international economic activity, the integration and disintegration of global markets as well as the opportunities and limits of political action in open economies.

Therefore, the Global Economy Prize highlights the achievements of personalities who see the challenges of globalization as an opportunity to develop creative solutions to problems. The prizewinners recognize that our standard of living can only be secured by the freedom of markets, securing peace, solving emerging conflicts and protecting our environment. In order to combine market economy efficiency in an open world with social responsibility and a sustainable environment in a peaceful world, an intensive, mutual dialogue between social groups is required.

For this reason, the Kiel Institute for the World Economy, in close cooperation with the state capital Kiel and the Chamber of Commerce and Industry of Schleswig-Holstein, awards the Global Economy Prize annually to one personality each from science, politics and business. The prizewinners are outstanding personalities who have made a special contribution to a cosmopolitan, socially responsible society based on personal responsibility.