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Paul Jorion gives a keynote address on Financial Markets to Serve the Economy at the Zermatt Summit 2011. Servant Laeaders : theme of the day - Out of the Crisis with a New Vision
The recent systemic crisis experienced by world major economies has evidenced the short comings of the current market practices. Generating as much poverty as growth and as much hidden risks as profitability, these practices have the additional effect of dramatically limiting the options left for sustainable development. Leaders have to innovate in defining new operating modes and create a new paradigm which would be both respectful of the human person and of our planet Earth while complying with the technical conditions for efficiency. This requires altogether a new vision of the place of the human person in the globalization process.