In the opinion of many pundits, the global economic collapse that began in 2008 rivals the Great Depression of the 1930s.
In partnership with Time magazine, members of the World Economic Forum's Global Agenda Councils and Time magazine's Board of Economists examine the new fundamentals of the global economy that will emerge in 2009- World Economic Forum
Michael Elliott is the editor of TIME International, a position in which he oversees all aspects of TIME Asia, TIME Canada, TIME South Pacific and TIME EMEA (Europe, the Middle East, and Africa). In October 2007, Elliott was elevated to the second-highest position on the TIME masthead.
Elliott was named editor of TIME International in April 2005 after spending a year as editor of TIME Asia. In addition, he also served as deputy managing editor of TIME from January 2006 through September 2007. Previously, Elliott was based in New York as editor-at-large of TIME and the author of its â€œGlobal Agendaâ€ column. Since Sept. 11, 2001, he has been one of TIMEâ€™s principal writers on the international aspects of the war on terrorism and has written many of TIMEâ€™s cover stories on the ongoing crisis.
Elliott joined TIME in May 2001 after a year spent as editor-in-chief of eCountries, an Internet-based news and analysis service on global affairs. From 1995-2000 he was editor of Newsweek International, and from 1984-93 he was on the staff of The Economist, where he was political editor and Washington bureau chief and the founding author of both the â€œBagehotâ€ and â€œLexingtonâ€ columns. He is the only person ever to have held senior editorial positions at all three major international newsmagazines.
Elliott was born in Liverpool, England, and took two degrees at Oxford University. Prior to his career in journalism, he was a member of the Central Policy Review Staff in Britainâ€™s Cabinet Office, and before that spent eight years teaching in universities in the United States and United Kingdom, ending his academic career with a tenured position at the London School of Economics.
Elliott has written for many newspapers and magazines, is a regular guest on TV talk shows, the author of three books, and has written and presented many documentary films that have been shown all over the world.
Trevor Andrew Manuel
Trevor Andrew Manuel is currently South Africa's Minister of Finance. He has held the post since 1996, making him one of the country's longest-serving finance ministers. Trevor Manuel was married to Maria Ramos on 27 December 2008.
Stephen S. Roach
Stephen S. Roach is Managing Director and Chief Economist of Morgan Stanley, a leading global financial services firm. In this role, he oversees the Firm's team of economists located in New York, London, Frankfurt, Paris, Tokyo, Hong Kong and Singapore.
Before joining Morgan Stanley in 1982, Mr. Roach was Vice President for Economic Analysis for the Morgan Guaranty Trust Company in New York.
He also served on the research staff of the Federal Reserve Board in Washington, D.C. from 1972-79 - where he supervised the preparation of the official Federal Reserve projections of the U.S. economy. Prior to that, he was a research fellow at the Brookings Institution in Washington, D.C.
Ferit F. Sahenk
Ferit Sahenk is the Chairman of Dogus Holding, the parent company of the Dogus Group of Companies. The Group operates mainly in service industries, including: Financial Services, Automotive Distribution, Construction, Tourism &Leisure, Media, Real Estate and Energy. In addition to his position as Chairman of the Group, Ferit F. Sahenk currently chairs the Board of Garanti Bank.
Mr. Sahenk joined the Group operations in the Financial Sector in 1991 by founding Garanti Securities. In three years under his management, Garanti Securities became one of the largest in over 100 brokerage houses in Turkey. In 1994 Mr. Sahenk re-structured Garanti Securities into an Investment Bank of the Group where he acted as the Executive Vice-Chairman.
Mr. Sahenk, born in Ankara in 1964, received his Bachelors Degree in Marketing and Human Resources from Boston College in 1987. He also participated in the Owner / President Management Program at the Harvard University in 1997.
Mr. Sahenk is a member of the Advisory Committee of Ambrosetti Forum, the Advisory Board of MIT Sloan School and World Economic Forum (WEF) Young Global Leaders Program. He was selected 'businessman of the year 2004' by the Ekonomist magazine in Turkey. Mr. Sahenk is the Chairman of the Turkish U.S Business Council and Member of the Board of the umbrella organization, Foreign Economic Relations Board (DEIK) in Turkey. He is also the Vice President of the Turkish Industrialists' and Businessmen's Association (TUSÄ°AD) and President of the Economic and Financial Affairs Commission under TUSIAD.
Mr. Sahenk is married and has one child.
Heizo Takenaka (b. March 3, 1951) is the Minister of State for Economic and Fiscal Policy and the Minister of State for Privatization of the Postal Services in Japanese Prime Minister Junichiro Koizumi's Cabinet.
Having B.A. in Economics from Hitotsubashi University and Ph.D. in Economics from Osaka University, Takenaka taught in Keio University before he was picked up by Koizumi to become the Minister of State for Economic and Fiscal Policy as an academic in 2001, and he has since been on the same position.
Justin Yifu Lin
Justin Yifu Lin is World Bank Chief Economist and Senior Vice President. He took up his World Bank position on June 2, 2008, after serving for 15 years as Professor and Founding Director of the China Centre for Economic Research (CCER) at Peking University. He will remain on leave from Peking University during his World Bank tenure.
Mr. Lin received his PhD in economics from the University of Chicago in 1986 and is the author of 16 books, including The China Miracle: Development Strategy and Economic Reform, which has been published in seven languages, and State-owned Enterprise Reform in China, which is available in Chinese, Japanese, and English. He has published more than 100 articles in refereed international journals and collected volumes on history, development, and transition.
He was awarded the 1993 and 2001 Sun Yefang Prize (the highest honor for economists in China), the 1993 Policy Article Prize of Centre for International Food and Agricultural Policy at University of Minnesota, the 1997 Sir John Crawford Award of the Australian Agricultural and Resource Economics Society, the 1999 Best Article Prize of the Australian Journal of Agricultural and Resource Economics, the Citation Classic Award in 2000 (by the publisher of Social Science Citation Index), Docteur Honoris Causa of Universite D'Auvergne in France in 2004, fellow of Academy of Sciences for Developing World in 2005 and various other prizes.
He gave the 2007-2008 Marshall Lectures at Cambridge University on October 31-November 1, 2007.
Mr. Lin is the World Bank's first chief economist from a developing country. The Chief Economist guides the Bank's intellectual leadership and plays a key role in shaping the research agenda of the institution.
He succeeds Francois Bourguignon, who retired from the Bank Group last year to become Director of the Paris School of Economics.