23 September 2015
Madrid Headquarters
Deusto Business Alumni was presented at an event held on September 23rd at the Desuto Business School Office in Madrid. Attending was Alan Stoga, Kissinger, Associates Senior Advisorr economist and international relations specialist. In his talk, he analysed the political and economic global scenario.
President of Deusto Business Alumni Agustin Garmendia, Chairman Alfredo Saénz and General Director Luc Theis -all from Deusto Business School- participated in a debate, moderated by the latter. First, the importance of uniting the four previous alumni associations was pointed out; Alumni La Comercial, Alumni ESTE, Alumni DBS Executive and Alumni INSIDE. An unpreceded event that makes DBA a strong school with more than 7,000 alumni. This annexation strengthens Deusto Business School and improves its level of excellence and is therefore vital for the professional future of all DBS undergraduate and graduate students.
Alan Stoga gave the public a reality-check regarding the present economic and political situation, demonstrating with a photograph that world leaders such as Merkel and Obama are aware that we do not live happy times. Stoga had a more pessimistic view of Europe than he did of the two powers in the driver’s seat at present, the USA and China. He also talked about the migratory crisis as one without a possible solution.
At present, while the EU is negotiating how to distribute 120,000 refugees, more than 500,000 have already entered Europe through the Italian and Greek coasts, a number that could grow to 1M by the end of this year. “Europe is in need for a respected leader, which is a now a project that is half finished because member states do not think as a single entity", he said.
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Stoga was cautious concerning the idea of China becoming the world leader in the future. He remarked that this developing country did not participate in world affairs following the Second World War 70 years ago, and is now trying to set its own rules. ”The process of turning China into a market economy is complicated because China has the habit of returning to protectionism when things are not going well. This control also extends to society through military practices and censorship, as China has shown by blocking the Internet, something thought impossible,” stated Stoga. China is investing in infrastructures to improve its presence in western markets, as well as in submarines and air force to support one of its strong points, sea trade. All of it with a view to becoming the leading global power.