Nominees of the Global Economy Prize announced

Kiel Institute for the World Economy, together with its partners, the land capital Kiel and the Schleswig-Holstein Chamber of Commerce and Industry today announced the winners of the Global Economy Prize 2024. The Global Economy Prize is awarded in the categories of politics, business, and economics and is non-endowed.

The following personalities are to be honored as thought leaders of a cosmopolitan, free-market, and just and inclusive society: 

  • Laurence Boone, Ph.D, former Secretary of State for Europe in France and former Chief Economist of the OECD; category: Politics.
  • Dr. Nicola Leibinger-Kammüller, CEO TRUMPF SE + Co. KG; category: Business.
  • Prof. Dr. Isabel Schnabel, Member Executive Board of the European Central Bank and Professor of Financial Economics, University of Bonn; category: Science.

The award ceremony of the Global Economy Prize will take place during Kiel Week on Sunday, June 23, 2024, at the Haus der Wirtschaft of the IHK zu Kiel. The award winners are expected to attend in person.

Personalities to be honored are proposed from the network of the Kiel Institute and finally selected and nominated by the jury of the Global Economy Prize. This jury consists of, among others, the President of the Kiel Institute for the World Economy, Prof. Dr. Moritz Schularick, the Mayor of the Land Capital Kiel, Dr. Ulf Kämpfer, and the Vice President of the Schleswig-Holstein Chamber of Commerce and Industry, Knud Hansen. In accordance with their profession, the above-mentioned members take care for the award winners in the categories of politics, business, and economics.

Hansen said of the upcoming award winner in the business category: “Nicola Leibinger-Kammüller not only steered the Trumpf family business safely through severe global crises, but also developed it into the global technology and market leader in the fields of laser technology and machine tools. She is a shining example of how entrepreneurs in Germany can deal with their responsibility for people and the environment and at the same time develop their innovative strength.”

Commenting on the nomination in the policy category, Kämpfer said: “As Chief Economist and Deputy Secretary-General of the OECD, Laurence Boone has distinguished herself through her highly regarded economic policy impulses and as a European politician she was a driving force behind European integration, particularly with a view to the future membership of the Western Balkan states in the EU.”

Schularick gave the following reasons for the nomination in the economics category: “Isabel Schnabel is an internationally outstanding economist whose pioneering research has made a significant contribution to deepening our understanding of the links between monetary policy, financial markets, and economic growth. Due to her targeted economic policy recommendations, she is an extremely valued contact for monetary and financial policy issues.” 

Further information about the Global Economy Prize and the nominees can be found here.