Moving from the Knowledge Economy to the Trust Economy

24 May , 15:00–16:15
The Global Economy in an Era of Change
Panel Session
Pavilion F, Conference Hall F1

The trust economy is a dialogue on how to resolve contradictions which are reducing the world’s potential for growth: from social inequality to resurgent protectionism. It is also a search for answers to common challenges: technological, demographic, energy-related, and others. Whether Russia will be able to unleash its economic potential depends on what conditions the government can create for effective and innovative business, on which industries and technologies it focuses right now. Trust plays a crucial role. Without it, there can be no investment, transaction costs increase, and this can impede economic growth. It can truly be considered a fundamental economic category. How does a feeling of trust arise? On what is the degree and prevalence of trust in society dependent? How is trust connected with other aspects of societal development: economic prosperity, civil development, and culture? Finally, what are the consequences of high and low levels of trust in the economy and public life?

Maxim Safonov, Director, Green Capital Alliance

Yuriy Balega, Vice-President, Russian Academy of Sciences
Marc Bartholomy, Partner, Head of the Corporate and Real Estate Practices, Clifford Chance CIS Limited
Igor Barcic, Director, Institute of Public Administration and Civil Service, Russian Presidential Academy of the National Economy and Public Administration (RANEPA)
Riccardo Valentini, Nobel Peace Prize Laureate; Member of the Board of Directors, CMCC (The Euro-Mediterranean Centre for Climate Change)
Igor Lotakov, Country Managing Partner, PwC Russia
Maxim Protasov, Head, Russian Quality System

Front row participants
Olga Antipina, Professor, Lomonosov Moscow State University
Julia Benz, Founder, Director, ILBN International
Anzhelika Terekhova, Managing Partner, diGRC
Takeo Harada, Chief Executive Officer, Institute for International Strategy and Information Analysis, Inc. (IISIA)
Savva Shipov, Deputy Minister of Economic Development of the Russian Federation