GFL Summit

Dr. Amy Jadesimi spoke at the:

Global Female Leaders Summit 2019 – an Economic Forum for Female Executives in Berlin.

As part of the opening high level panel Dr. Jadesimi put forward the case for sustainable globalization and exchange based trade, versus expropriation based trade that has dominated the world’s relationship with countries in Africa since the start of the WTO. As Dr. Jadesimi commented:

”Broadly AFRICA has experienced 4 different ages of globalization:

1. Exploration
2. Exploitation
3. Expropriation
4. Exchange

The Era of Exchange based Globalization and trade is just beginning. To succeed it requires trade between equals, i.e. a level playing field through which all participants, from nation states to private companies, benefit. For Exchange to be practically applicable countries and companies in Africa need to invest in and develop higher capacity and quality within sustainable business models. This is already happening at companies such as LADOL and will lead to a larger pie for all and trade that decreases inequality and increases prosperity”

An Executive Opening Panel Discussions on ”Re-thinking Globalization in Light of Trade Disputes and Shifting Security Landscapes” set the stage for this year’s GFL summit

Executive Open Panel Discussion group picture from L- R,

Cecilia Malmstroem, Commissioner EU Commissioner for Trade European Parliament
Ellen Zentner Chief US Economist, Managing Director Morgan Stanley
Qian Wang, Dr Managing Director/Chief Economist Asia-Pacific Vanguard Investment Strategy Group
Dr. Amy Jadesimi, MD LADOL Free Zone, Lagos, Nigeria
Stefanie Babst, Dr Chief Strategy Policy Analyst to the Secretary-General and Chairman of the Military Committee NATO
Melinda Crane (Moderator), Dr Chief Correspondent Deutsche Welle TV

Additional quotes / comments from Dr. Jadesimi:

”Sustainable Globalisation requires WTO to recognise that current trade policies don’t lead to equality and prosperity for all. This can be achieved by supporting new trade models, for example, rather than say countries need new laws to protect IP before wealthy countries will trade with them, the focus should be on insisting that countries develop home grown IP to support their own market to a level that makes them globally competitive. Countries will then naturally put in place laws to protect this ”homegrown” IP while also adding more value to global trade and the global economy”

”Zero sum game politics and trade policies are leading to global instability – collaboration is required on a fundamental level, particularly between governments and institutions to create new economy, sustainable technologies and business strategies”

”Without radical reforms global trade practices will further entrench a status quo that is undermining previous gains. increasing inequality across the world, and making harder for countries in Africa to lift their people out of poverty”

”Nigerian government has taken real steps to support the indigenous private sector and allow it to operate, add value and grow – when our private sector is the same size as the public sector we will be part of the G20.”

May 14th, 2019