May 27, 2012

A new communication platform, created at the initiative of President Nursultan Nazarbayev in January, has brought together more than 500,000 people in 128 countries in their search to find ways out of the global economic crisis.

The platform, called G-Global, has been set up on the website http://g-global.aef.kz and it is visited by more than 3,000 people a day. The site holds the second position in the list of economic and analytical sites and is more sought after in the web search engines than other economic web forums.

Murat Karymsakov, chairman of the Association of the Eurasian Economic Club of Scientists (EECS), presented the G-Global communication platform at a press conference on February 15. The meeting was attended by government officials, representatives of non-government organisations (NGOs), research institutions and business circles, as well as diplomats, international experts and reporters.

Among the guests representing the academia were Hanon Barabaner, rector of the Institute of Economics and Management from Estonia, Nuriddin Kaumov, director of the Economic Research Institute of the Ministry of Economic Development of Tajikistan and Mikhail Fedorov, head of the Ural State Economic University from Russia.

The G-Global international virtual project was established under the aegis of the Astana Economic Forum (AEF). The AEF is a dialogue platform where competent parties discuss key issues of global economic trends, prospects of economic development, stability and security, along with instruments and methods to strengthen integration processes.

G-Global aims to promote effective on-line discussions on how to develop appropriate mechanisms to overcome global financial and economic challenges. It allows Internet users worldwide to share their views on the website, embracing expert reviews, debates, business projects and polls. It also hosts a general discussion forum.

“G-Global is a multifunctional platform creating conditions for the global expert community for interactive, open and public deliberations on critical issues of the world economy,” Karymsakov said.

Karymsakov also discussed preparations for the 5th Astana Economic Forum to be held on May 22-24. He urged the attendees to become active members of the G-Global community in their search for solutions to the global economic problems.

Anatoly Spitsyn, first vice-president of the International Academy of Investments and Director of the Institute for Strategic Research in Integration Problems of the EurAsEC told the press cofnerence that through two decades of reforms Kazakhstan has demonstrated efficient social and economic policy, and had increased the role of government.

“Developments taking place in Kazakhstan can serve as an example of a creative and unique breakthrough when national interests are pursued while the country is integrating into the world economy in a very difficult period of its development,” Spitsyn said.

Hanon Barabaner, the head of the Institute of Economics and Management in Tallinn, said the G-Global communication platform was based on a thorough analysis carried out during and after the last Astana Economic Forum.

“G-Global is distinctive for its democratic character. Anyone can express their opinion, ranging from housekeeper and engineer to president. What is more important, their thoughts will be heard and discussed… (including on) the reform of the world’s financial system. Greece’s debts, crisis of the middle-class borrower in the United States, as well as instability in general, are the things experts and non-professionals discuss on the web site,” Barabaner said.

“The decision-making within the G20 (Group of 20 major nations) involves a limited number of countries. The creation of a new world order should involve as many countries and people as possible. It is important to talk about democratisation at the national level. President Nazarbayev’s proposal to form a new institution of G-Global is a manifestation of both his wisdom and courage,” Barabaner added.

In Brussels, the former president of the European Investment Bank (EIB) Philippe Maystadt said during a meeting with Kazakhstan’s Ambassador to Belgium Yerik Utembayev: “I think G-Global is a very good idea and I fully support it. Despite the existence of such instruments as the G20 and the G8 (Group of Eight major industrialised countries), there exists a necessity to create a more global mechanism to analyse and work out effective solutions to counteract the global crisis.”

“All countries of the world should cooperate on this issue, while Kazakhstan, located between Europe and China, plays a strategic role in this respect. Europe is interested in strategic relations with Kazakhstan and is ready to invest into innovation projects that are important for both Kazakhstan and Europe,” Maystadt said.

The G-Global project was supported by seven Nobel Prize winners who participated the AEF in 2011 — Robert Mundell, John Nash, Roger Kornberg, Eric Maskin, John Aumann, James Mirrlees, and Finn Kydland. It was also supported by the United Nations European Commission, the Reinvented Bretton-Woods Committee, the Club of Madrid and representatives of international organizations, business, education and scientific circles.