The "Western" model of policy, governance and economy is increasingly being challenged. With China, a new power is rising. Alternative models to the Western democracy claim to deal more effectively with new developments and mega-trends. Climate change and pollution require drastic and immediate measures. Populations in privileged countries fear global migration. The fairness of the distribution of income and wealth in the world is questioned. Populist political figures are gaining ground, and multi-lateral institutions are being discredited.
Over the last decades, globalization has impacted the entire world. Many industries profited from globalization, and companies of all sizes have become extremely active on the international stage. Globalization has created growth, jobs and financial strength, and has allowed us to invest in future technologies. Even though it is unimaginable to significantly scale back the degree of globalization, the world is struggling to find solutions for its detrimental effects.
The lecture series World Politics on Campus – Welcoming the World at Hochschule Bonn-Rhein-Sieg provides insights into the challenges lying ahead of us. It attempts to shed light on the issues from more than one standpoint. We invite outstanding and distinguished international personalities, experts and decision-makers who are able to introduce the audience to the views of the nations and cultures they represent. Participants will be able to engage in conversation, ask questions and enter discussion.
Today the biggest challenges in our world go beyond borders and pose existential risks for our societies – climate change, pandemics, loss of biodiversity, fragility and others affect all of us, but especially the poorest and most vulnerables.
Yet, multilateral institutions like the World Bank were not designed to address these challenges. The World Bank is now confronted with new demands like unprecedented crisis response and protecting global public goods. At the same time, traditional development challenges like eradicating hunger and poverty remain. The World Bank needs to put green, resilient and inclusive development at the core of its mandate. Easier said than done…
Michael Krake serves as the World Bank Group Executive Director for Germany since April 2022. Prior to joining the WBG Board, Mr. Krake held leadership positions in the German Federal Ministry for Economic Cooperation and Development (BMZ) as Deputy Director-General for Sustainable Supply Chains, Food and Rural Development; Director-General for Global Health, Private Sector, Trade and Rural Development; and Deputy Director-General for Private Sector, Trade, Employment and Digital Technologies.
He also served as BMZ’s main focal point for cooperation with the International Labour Organization and the United Nations Industrial Development Organization. Mr. Krake spearheaded the team for Germany’s contribution to the WBG’s World Development Reports from 2019 to 2021. He is a seasoned economist specialized in international cooperation and development with over 20 years of experience in public policy, diplomacy, and the private sector. Mr. Krake serves on the Committee on Development Effectiveness (CODE) and is a member of the Budget Committee (BC).
He studied at the University of Bonn (Germany) and in New York (USA), and is a graduate economist.
"World Politics on Campus - Welcoming the world at Hochschule Bonn-Rhein-Sieg University of Applied Sciences" is a series of lectures that intends to offer students and the audience to engage in conversation with outstanding and distinguished international and national personalities and decision-makers on current political and international issues. The lecture series is an offer of the Digital International General Studies (DISG).