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Jun 21 - Jun 23, 2020

Finance for the Public Good: Meeting New Expectations in a Decade of Converging Risks

Session 654
Slowing growth, rising inequality and debt, low interest rates and monetary policy limits create a radically different operating environment for financial services, compounded by climate and demographic change and geopolitical tensions. These systemic risks will have a profound impact on, and be impacted by, the financial sector’s ability to deliver local and global expectations fairly and effectively.  The Salzburg Global Finance Forum tackles issues critical to financial markets and global economic growth and stability. Its 2020 program will convene the world’s leading bankers, policymakers and regulators to identify options and best practices for a sustainable financial architecture that ensures the sector operates for the global public good to finance sustainable development and innovation, and meet fast-changing needs of the public, shareholders and the economy.  The financial services sector needs to adjust to urgent imperatives of fairness, inclusion and sustainability while also recognizing its own new characteristics – accelerating dynamics of technology and interconnectedness, changing market structures, and competitive disruption, including the entrance of technology companies. The 2020s mark a pivotal decade to redefine the role of finance as a global public good, recognizing that these cumulative pressures will require policy reforms and radical institutional and technological innovations. The 10th annual program of the Salzburg Global Finance Forum will explore evolving and new dimensions of finance, from data and technology to climate change and sustainability, aging societies, declining growth, and protectionism. It will foster dialogue between industry, innovators and policymakers on redrawing public-private boundaries in policymaking and launching strategies to fulfill new societal imperatives for fair and resilient financial systems.  PARTICIPANT PROFILE Meeting as a community of peers, the Salzburg Global Finance Forum brings together senior leaders, rising specialists and disruptive innovators from:Financial services firms wrestling with technology-driven transformations, changing market structures, and a new competitive landscape marked by the growth of technology companies, as well as changing expectations about the role of financial services in society and the trust placed it in by consumers.  Regulators and policymakers trying to find the right balance between increased systemic safety and the imperatives of financing growth and innovation, all while facing a shift toward greater regionalization and protectionism. Consultancy and law firms serving as advisors to all parties in understanding the practical implications of different regulatory approaches in different jurisdictions, and who can benefit from interact with both practitioners and regulators to explore new strategies to finance growth and fairness in a radically changing world.KEY QUESTIONS Participants will address policy priorities, key obstacles, and practical implementation pathways, focusing on the following questions:What do the public and businesses expect from financial services now and what and on which conditions can financial services deliver?  Is the new competitive environment going to deliver the social goods in established and emerging economies?  Is the distribution of risks and rewards between different players balanced fairly? How can the industry become a vehicle for sustainable and inclusive growth?  What else is needed to strengthen the public good aspects of finance? What is the future role of standards and regulations?  Is there enough resilience in financial services in this evolving environment?  What kind of institutional innovations and reforms are needed?PROGRAM FORMAT The intensive two-day session included panel-led discussions, in-depth working groups, and an Oxford-style evening debate. This highly-interactive session takes place in a retreat-like setting of Schloss Leopoldskron, which facilitates trust, networking, and in-depth conversations. Small group discussions allow intense explorations of specific aspects of the general themes before returning to the plenary to refine conclusions.  PROGRAM GOALSFacilitate discussion about the evolving role of finance in society Discuss how the financial industry can deliver its role as a public good while balancing different needs and demands Explore specific areas of policy actions and frameworks for public-private sector collaborationAn executive summary report will be published within two weeks of the program.
Dec 14 - Dec 19, 2019

Halting the Childhood Obesity Epidemic: Identifying Decisive Interventions in Complex Systems

Session 642
Overweight and obesity affect over 2 billion people worldwide, causing at least 2.8 million deaths annually.  An estimate of the economic cost is 2.8% of global GDP.  Since the 1970s the prevalence of excess weight has more than tripled across populations around the world to 13 %, but among children the proportion has reached 18% (over 30% in the United States).  There is variation in this but projections continue to show an upward trend in most countries, with  persistent and deep disparities and profound consequences for physical and mental health.  Given the complexities involved in this phenomenon, what can be done about it?  Over the past decade, our collective understanding of the systems, forces, and conditions that impact childhood obesity has evolved. Increasingly, initiatives in this area have focused on policy and environmental changes. In many parts of the world, we have moved forward as we have shifted national conversations and public discourse away from just personal responsibility to an understanding that it is also the systems and policies that shape our ability to live well and access opportunities for healthy eating and physical activity. There is increasing recognition that the systems and policies that drive obesity in childhood are the same systems that broadly impact the health and well-being of children and families.  What this means is that we are unlikely to solve the childhood obesity crisis unless we are widening our lens to think about broad changes, such as policies that better support families. Until we address the broader determinants of obesity and barriers to its treatment in low income and minority populations, the current disparities in the prevalence of obesity and other chronic diseases will persist and may even increase. The epidemic of childhood obesity is deeply intertwined with related challenges around food access, income inequality, a fragile safety net, inadequate public transportation, and the scarcity of affordable housing. One of the most pressing challenges for preventing and controlling the global epidemic is to ensure that the public health interventions that are being deployed are reaching and benefitting the most socially disadvantaged populations. This Salzburg Global program will highlight how global innovations and ideas in the childhood obesity prevention space could help optimize health outcomes for children everywhere. Building on Salzburg Global’s long-standing series on health systems transformation, including last year’s seminar on creating healthy environments and shared value for children, and on the Robert Wood Johnson Foundation’s approach to a Culture of Health, this program will enable participants from across the world to review strategies and consider adaption in different contexts to enable all children to grow up at a healthy weight.
May 26 - May 30, 2020

Harnessing the Power of AI for Human and Planetary Health

Session 647
OVERVIEW Artificial intelligence (AI) offers significant opportunities to improve human and planetary health. Yet as applications of AI continue to grow in some fields, its uptake has been slower when it comes to addressing social challenges such as improving health and healthcare, enabling broader social inclusion, and making urban spaces both more livable for residents and sustainable for the planet. As the power and reach of AI increases how can society maximize the potential gains for people and environment?  Launching in 2020, the Japan-India Transformative Technology Network will connect and empower a critical mass of outstanding change-makers in two of Asia’s largest democracies – India and Japan – to develop ideas for new innovations and applications of AI to products, processes, policymaking, organizational practices, and financing across three interconnected fields: health systems; accessibility, mobility and inclusion; and living & livable cities. Application deadline: December 18, 2019   KEY QUESTIONSIn healthcare, AI is being developed to help provide health advice and conduct diagnostics for those without access to healthcare; it is assisting doctors, nurses, and administrators to work more efficiently and allow greater numbers to receive quality care; and it is aiding predictions of the impact of both pandemic outbreaks and new cures and medicines. How can the potential of AI be harnessed to make healthcare more accessible, treatment more affordable, and diagnoses more accurate? As AI allows for ever-greater degrees of personalization, what are the AI solutions that can address individuals’ physical and cognitive challenges? How can AI open new means of communication and personalized learning methods to develop new skills for employment and support inclusion? As our cities grow and change, how should AI aid city planners and policymakers to make sense of growing collections of data, prioritize demands on resources, and even predict problems before they arise? How can AI contribute to transforming carbon-heavy systems (such as transport, housing, heating, etc.) to make cities more livable, and urban life more sustainable?PROGRAM FORMAT In 2020, the program will bring together 30 mid-career participants from India and Japan to catalyze and scale up joint collaborations inspired by AI across three thematic areas: health systems; accessibility, mobility and inclusion; and living & livable cities. Each cohort’s technology focus will be addressed by a bilateral pair of workshops held in Japan and India, and Network Fellows will be encouraged to participate in both. This continuity is intended to strengthen Fellows’ knowledge of the contexts in which other Fellows are working, deepen relationships between members of the Network, and encourage longer-term follow up on ideas born in the workshops. The program will be fully residential with an emphasis on participant-led content, peer-to-peer support, and expanding collaboration. Participants of the program will receive economy class travel to the program venue, accommodation (double occupancy room), and meals during the program. Magome, a post town in Japan’s Kiso valley, will host the first meeting of the 2020 program. Magome has been chosen as a location due to its semi-remote location, strong cultural heritage, and beautiful scenery, creating an experience akin to Salzburg Global Seminar’s home at Schloss Leopoldskron in Salzburg, Austria, and allowing us to welcome all participants in conditions of trust and openness. The program venue extends along the historically preserved post road, which was previously a major route connecting Tokyo with Kyoto during the Edo Period.  PARTICIPANT PROFILE Each cohort of the Japan-India Transformative Technology Network will: Be gender-balanced; Consist of mid-career professionals with the aspiration and potential to lead positive transformation in society; Include a diverse, cross-sectoral mix of perspectives from professions such as: Research and Development: academic and corporate researchers, private and government research financers, design specialists (products, places, policies); Implementation and Commercialization: technology specialists, public and private sector practitioners, business strategists, financial innovators, entrepreneurs, civil servants; Expansion and Scaling-up: national and municipal-level policymakers, community organizers and NGO leaders, journalists, thought-leaders, educators and innovators.