A Cato Conference co‐sponsored with
The Institute of Economic Analysis and
The Russian Union of Industrialists and Entrepreneurs
Marriott Grand Hotel
April 8–9, 2004
Thursday, April 8, 2004
|9:00–9:15 a.m.|| Welcoming Remarks
Kakha Bendookidze, Russian Union of Industrialists and Entrepreneurs
|9:15–9:20 a.m.||Video Remarks|
|9:20–10:00 a.m.|| Keynote Report
Economic Adviser to President Putin
|10:00–11:30a.m.|| Promoting Economic Freedom: What Have We Learned?
Key players in successful reform programs from around the world will discuss “what works” and how to advance economic development.
Moderator: Kakha Bendookidze, Russian Union of Industrialists and Entrepreneurs
|11:30–11:45 p.m.||Coffee Break|
|11:45–1:15 p.m.|| The Role of Institutions and Law in Economic Development
Property rights and the rule of law are essential for growth and restraint of state power. Panelists will explore how those institutions will evolve in developing and transition countries.
Moderator: Viacheslav Shironin, Academy of the National Economy, Russia
Roberto Salinas Leon,
|1:15–2:45 p.m.||Luncheon Address|
|2:45–4:15 p.m.|| Rethinking the Role of Government
The size of the state has remained large or has grown in reforming countries. What is the proper size and scope of government for a prosperous and free society?
Moderator: Richard Rahn, Cato Institute
|4:15–4:30 p.m.||Coffee Break|
|4:30–6:00 p.m.|| The Importance of Stable Money and Capital Freedom
Without sound money, important economic reforms are ineffective. Speakers will discuss how to maintain free capital flows and avoid currency and financial crises.
Moderator: James Dorn, Cato Institute
|7:30–9:00 p.m.|| Dinner Address
Russian Union of Industrialists and Entrepreneurs
Friday, April 9, 2004
|9:45–11:15 a.m.|| The Costs of Monopoly and State Capture
So‐called natural monopolies in energy and services often exert undue influence on the political process. Panelists will explore alternative policies for such industries consistent with competitive markets.
Moderator: Christofer Ruehl, World Bank, Germany
Gennady Lebedev [ENG] [RUS]
|11:15–11:30 a.m.||Coffee Break|
|11:30 a.m.-1:00 p.m.|| A Market‐Based Pension System to Empower Workers
Unfunded pension liabilities are a major threat to social and financial stability in rich and poor countries. Policymakers are discussing and implementing a revolutionary alternative — private pension systems — around the world.
Moderator: Alexander Shokhin, Russian Union of Industrialists and Entrepreneurs
|1:00–2:30 p.m.|| Luncheon Address
|2:30–4:00 p.m.|| International Organizations and Economic Freedom
What impact do the policies of the World Bank, the European Union, and the World Trade Organization have on development? Panelists will discuss the economic costs and benefits of international groups for poor countries.
Moderator: Margo Thorning, International Council for Capital Formation, United States
Deepak Lal [ENG] [RUS]
|4:00–4:15 p.m.||Coffee Break|
|4:15–5:30 p.m.|| The Way Forward
Where do transition and developing countries go from here? In this final panel, experts who have participated in success stories will outline policy priorities for the developing world.
Moderator: Clive Crook, The Economist, United Kingdom
Edward H. Crane [ENG] [RUS]
|5:30–5:40 p.m.||Closing Remarks