Victor Pinchuk: Crisis is a Pit Stop in a Global Race

Victor Pinchuk: Crisis is a Pit Stop in a Global Race
14 September 2012

Crises provide each country with the opportunity to implement requisite reforms and, eventually, to outrun the others in the global race, Victor Pinchuk - Yalta European Strategy Founder and Board Member, Ukrainian businessman and public person - said opening the plenary sessions of the 9th Yalta Annual Meeting.

Focusing attention on Andreas Gursky’s "Boxenstopp" photograph displayed in the hall and comparing the modern world’s dynamism with Formula 1 racing, Victor Pinchuk noted: “All countries are involved in the global race and move faster and faster. Pit stops empower us to change so that we accelerate.” In his opinion, the team wearing yellow and blue race suits depicted by Gursky symbolizes Ukraine implementing reforms. According to the YES Founder, pit stops are important not only for racers, but for entire countries as well.

“Those who were too slow may improve their places in the race. Some racers fit new wheels, get fuelled and outrun the rest. Other racers lose too much time and remain far behind. Let’s use the crisis as a pit stop to move faster after it”, he emphasized.

Victor Pinchuk expressed his hope that the Yalta Annual Meeting would become a kind of an “intellectual pit stop” to supply new energy and new ideas. 

The 9th Yalta Annual Meeting entitled “Ukraine and the World: Addressing Tomorrow’s Challenges Together” takes place in Yalta at the Livadia Palace, Ukraine, from 13-16 September 2012. More than 200 leaders from politics, business and society representing more than 20 countries will discuss major global challenges and their impact on Europe, Ukraine and the world.

The President of Ukraine Viktor Yanukovych and the Prime Minister of Turkey Recep Tayyip Erdogan will open the plenary part of the 9th YES Annual Meeting on September 14. The two leaders will discuss critical issues affecting the development of Ukraine and Turkey, as well as the future of a “Wider Europe” in the 21st century. Aleksander Kwasniewski, President of Poland (1995-2005) and Chairman of the Board of YES, will moderate the discourse.

The overarching topic of the 9th Yalta Annual Meeting will be the key transformations that are already shaping the future of the world. Forum sessions will focus on the future of the world economy, on a new world order and its security, and on possible models for the development of capitalism. Special attention will be paid to the role of innovation and leadership in transforming the economy and society. Other topics for discussion include the future of the European Union, energy issues and the internal and external challenges facing Ukraine.

This year’s Yalta Annual Meeting will welcome, among others, Robert Zoellick, Dominique Strauss-Kahn, Condoleezza Rice, Gordon Brown, Alexei Kudrin, Alec Ross, Eric Lander, Kairat Kelimbetov, Carl Bildt, Javier Solana.

At the plenary discussions of the 9th YES Annual Meeting, Ukraine will be represented by the Prime Minister Mykola Azarov; the First Vice Prime Minister of Ukraine Valeriy Khoroshkovsky; Deputy Prime Minister and Minister of Social Policy Serhiy Tihipko; Minister of Economic Development and Trade of Ukraine Petro Poroshenko; Minister of Energy of Ukraine Yuriy Boyko; Minister for Foreign Affairs of Ukraine Kostyantyn Gryshchenko; Secretary of the National Defence and Security Council of Ukraine Andriy Klyuev.

Chrystia Freeland, Global Editor-at-Large at Thomson Reuters will moderate discussions.

The 9th Yalta Annual Meeting will be streamed live on korrespondent.net in Ukrainian and on euronews.com and yes-ukraine.org in English.

The official Twitter of the 9th Yalta Annual Meeting: @yes_ukraine
Hash tag: #yalta2012

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Larry Summers
Larry Summers
Charles W. Eliot University Professor, Harvard University, 15th YES Annual Meeting, 2018
«How to make sure that global corporations are taxed globally in some way and can’t be located nowhere and so not pay any taxes?»