- [About the Conference](https://www.cato.org/events/liberal-agenda-new-century-global-perspective/index)
- [Moscow Program](https://www.cato.org/events/liberal-agenda-new-century-global-perspective/moscow-program)
- [St. Petersburg Program](https://www.cato.org/events/liberal-agenda-new-century-global-perspective/st-petersburg-program)
- [Featured Speakers](https://www.cato.org/events/liberal-agenda-new-century-global-perspective/speakers)
- [Cultural Tours](https://www.cato.org/events/liberal-agenda-new-century-global-perspective/cultural-tours)
- [Co-Sponsors](https://www.cato.org/events/liberal-agenda-new-century-global-perspective/cosponsors)

*A Cato Conference co-sponsored with 
The Institute of Economic Analysis and 
The Russian Union of Industrialists and Entrepreneurs*

**Marriott Grand Hotel 
Moscow 
April 8–9, 2004**

| | ### Thursday, April 8, 2004 |
|---|---|
| 8:00–9:00 a.m. | **Registration** |
| 9:00–9:15 a.m. | Welcoming Remarks **Kakha Bendookidze**, Russian Union of Industrialists and Entrepreneurs **Edward H. Crane**, Cato Institute |
| 9:15–9:20 a.m. | Video Remarks **Milton Friedman** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/friedman.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/friedman-rus.pdf)\] Hoover Institution, Nobel Laureate in Economics |
| 9:20–10:00 a.m. | Keynote Report **Andrei Illarionov** 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 **James Gwartney** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/gwartney.pdf)\] Florida State University **Ruth Richardson** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/richardson.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/richardson-rus.pdf)\] Former Minister of Finance, New Zealand **Mart Laar** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/laar.pdf)\] Former Prime Minister, Estonia |
| 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,** Mexico Business Forum, Mexico **Vitaly Naishul** \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/naishul-rus.pdf)\] Institute for the Study of the Russian Economy, Russia **Richard Messick** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/messick2.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/messick-rus.pdf)\] World Bank **Tom Palmer** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/palmer.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/palmer-rus.pdf)\] Cato Institute. |
| 1:15–2:45 p.m. | Luncheon Address **Elena Leontjeva** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/leontjeva-eng.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/leontjeva-rus.pdf)\] Lithuanian Free Market Institute, Lithuania |
| 2:45–4:15 p.m. | Rethinking the Role of GovernmentThe 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 **Charles Murray** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/murray.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/murray-rus.pdf)\] American Enterprise Institute **Andrei Illarionov** Economic Adviser to President Putin **Hannes Gissurarson** University of Iceland |
| 4:15–4:30 p.m. | Coffee Break |
| 4:30–6:00 p.m. | The Importance of Stable Money and Capital FreedomWithout 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 **Boris Lvin** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/lvin.pdf)\] World Bank, Russia **Dan Mitchell** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/mitchell.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/mitchell-rus.pdf)\] Heritage Foundation **Fred Hu** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/hu.pdf)\] Goldman Sachs, China **Yaroslav Romanchuk** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/romanchuk-eng.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/romanchuk-rus.pdf)\] United Civil Party, Belarus |
| 6:00–7:00 p.m. | Reception |
| 7:30–9:00 p.m. | Dinner Address **Kakha Bendookidze** Russian Union of Industrialists and Entrepreneurs |

| | ### Friday, April 9, 2004 |
|---|---|
| 9:00–9:45a.m. | Opening Address **Arnold Harberger** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/harberger.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/harberger-rus.pdf)\] University of California at Los Angeles |
| 9:45–11:15 a.m. | The Costs of Monopoly and State Capture [![Media Name: shim.gif](/sites/cato.org/files/styles/optimized/public/download-remote-images/object.cato.org/8693878921/shim.gif?itok=IDxErnOo)](/sites/cato.org/files/download-remote-images/object.cato.org/8693878921/shim.gif) 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** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/lebedev.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/lebedev-rus.pdf)\] Deputy President, Vanguard Ltd., Russia **Jerry Taylor** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/taylor.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/taylor-rus.pdf)\] Cato Institute **Viktor Agroskin** Tech​In​vest​Lab​.com, Russia **Boris Fyodorov** Former Minister of Finance, Board of Governors, Gazprom, Russia |
| 11:15–11:30 a.m. | Coffee Break |
| 11:30 a.m.-1:00 p.m. | A Market-Based Pension System to Empower WorkersUnfunded 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 **José Piñera** Former Minister of Labor and Social Security **Justin Yifu Lin** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/lin.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/lin-rus.pdf)\] China Center for Economic Research, China **Shuli Hu** Caijing Magazine, China **Michael Tanner** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/tanner.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/tanner-rus.pdf)\] Cato Institute |
| 1:00–2:30 p.m. | Luncheon Address **Daniel Yergin** Author of *Commanding Heights: The Battle for the World Economy*, Chairman of Cambridge Energy Research Associates |
| 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** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/lal.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/lal-rus.pdf)\] University of California at Los Angeles **Jan Oravec** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/oravec.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/oravec-rus.pdf)\] F. A. Hayek Foundation, Slovakia **Brink Lindsey** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/lindsey.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/lindsey-rus.pdf)\] Cato Institute **Peter Kaznacheev** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/kaznacheev.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/kaznacheev-rus.pdf)\] Administration of the President, Russia |
| 4:00–4:15 p.m. | Coffee Break |
| 4:15–5:30 p.m. | The Way ForwardWhere 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** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/crane.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/crane-rus.pdf)\] Cato Institute **Leszek Balcerowicz** President of the National Bank of Poland and Former Finance Minister, Poland **Grigori Marchenko** \[[ENG](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/marchenko.pdf)\] \[[RUS](https://object.cato.org/sites/cato.org/files/pubs/papers/russiaconference/marchenko-rus.pdf)\] First Deputy Prime Minister, Kazakhstan |
| 5:30–5:40 p.m. | Closing Remarks **Ian Vásquez** Cato Institute |
| 5:40–7:00 p.m. | Reception |