ICSD CONFERENCE 2017

ABOUT THE CONFERENCE

This year the ICSD Conference will look into the innovation and competitiveness which shape businesses and other organisations, their processes, and affect human capital and sustainable development of societies.

Global economy has for the last several years been in a low-growth areas, with growth at around 3%. Continuing low growth has affected future output expectations and thereby reduced current spending and potential output growth. Global trade and investment have been weak, limiting the advances in labour productivity and wages that are required to support sustainable consumption growth.

However, fiscal policies, both implemented and proposed, could, if effective, catalyse private economic activity and push the global economy to a modestly higher growth rate of around 3½ per cent by 2018. Exiting the low-growth situation depends on policy choices, as well as on concerted and effective implementation. In order to ensure the exit from the low-growth equilibrium, there is a need for effective and collective policy efforts on the macro and more innovation on the micro level, to support aggregate demand in the short term and raise potential growth in the longer term.

A determined and comprehensive use of measures to improve competitiveness and secure sustainable development should raise growth expectations and reduce risk perceptions, and thereby put the global economy on a sustainable higher-growth trajectory.

The Conference will begin with a business forum: “Innovation and Competitiveness Forum” which will gather the leaders from government and business institutions along with academics and scientists. The key topic of the Innovation and Competitiveness Forum this year will be COMPETITIVENESS OF COUNTRIES AND ECONOMIC DIPLOMACY. The Forum will start at 10:30. Scientific papers will be presented and discussed in the afternoon section.