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George Vlahakis
IU Media Relations

Louise Siffin
Kelley School of Business

Last modified: Tuesday, May 25, 2004

IU's Kelley School to host major conference in advance of Group of Eight summit

NOTE: A complete schedule listing and links to several conference papers are available from IU CIBER ( or from the G8 Research Group at the University of Toronto ( The conference also will be presented live on the Web. Details about the Webcast will be made available later at the G8 Research Group site.

BLOOMINGTON, Ind. -- Indiana University's Kelley School of Business will host a major international economics conference June 3-4, in advance of the gathering of the Group of Eight (G8) nations in Sea Island, Ga., the following week.

An annual conference preceeds the G8 Summit meeting of heads of state, and attracts highly regarded policy advisers, academics and journalists. Its theme this year will be "Security, Prosperity and Freedom: Why America Needs the G8."

The Sea Island Summit will occur June 8-10 and is being hosted by President George W. Bush. In addition to the United States, other G8 nations are France, Russia, the United Kingdom, Germany, Japan, Italy and Canada. Representatives from the European Union also attend.

The conference at IU will be from 9:45 a.m. to 4:30 p.m. on June 3 and from 9 a.m. to 5:30 p.m. on June 4. People who wish to register should contact Paula Scherschel at 812-855-1716 or at

"Scholars and policy makers will examine how best the United States, with its G8 partners and through the G8, can meet its vital security needs in ways that enhance the prosperity that America and its partners need, and promote the values of freedom and democracy that they cherish," said Alan Rugman, conference co-chair, who holds the L. Leslie Waters Chair in international business at IU and directs IU's Center for International Business Education and Research. The conference will consider to what extent the G8 can contribute to U.S. security and prosperity, and to the promotion of democracy around the world now and in the future.

"The search for answers begins in the United States," Rugman added. "Yet the answers also extend to America's G8 partners. The United States relies on oil produced in all of the Persian Gulf for only 12 percent of its entire consumption of oil. It should invest in the Alberta tar sands to become self-sufficient in oil. Other G8 partners are at long last emerging as a source of global growth alongside America. Together, they have the capacity to shape global order in a more secure, prosperous and democratic direction."

All conference presentations will take place in Room 1008 of the Kelley School's Graduate and Executive Education Center, located at 1275 E. 10th St. on the IU Bloomington campus. The conference will be open to the public, but registration is required.

Other presenters at the conference will include:

-- Sir Nicholas Bayne, a fellow in the International Trade Policy Unit of the London School of Economics and Political Science, and a former British diplomat.

-- John Kirton, a frequent adviser to the Canadian government and director of the G8 Research Group, and an associate professor of political science and fellow in Trinity College at the University of Toronto.

-- Donato Masciandaro, consultant to the World Bank and professor of monetary economics at the Paolo Baffi Centre at Bocconi University, and in the Department of Economics, Mathematics and Statistics at the University of Lecce.

-- Bernhard May, resident fellow at the research institute of the German Council on Foreign Relations in Berlin, where he is responsible for the U.S./Transatlantic Relations program.

-- Sylvia Ostry, a distinguished research fellow at the Centre for International Studies at the University of Toronto who has held several top posts in the Canadian federal government, including chairman of the Economic Council of Canada.

Scholars from IU will include faculty members who have served as senior staff economists with the U.S. President's Council of Economic Advisers, such as Michele Fratianni and George von Furstenberg. Other IU participants will include David Audretsch, director of the Institute for Development Strategies and director of the Center for West European Studies; Jeffrey Hart, professor of political science; and Bruce Jaffee, professor of business economics and public policy.

A videoconference session with the Woodrow Wilson International Center in Washington, D.C., will include participants from the Center for Strategic and International Studies, and the University of Georgia. Lee Hamilton, who directs the Wilson Center and the IU Center on Congress, will participate.

The conference is co-sponsored by the IU Office of Research, the University Graduate School, the IU West European Studies National Resource Center, the IU Office of International Programs, the Research Group on Global Financial Governance, the Guido Carli Association, the G8 Research Group at the University of Toronto, and the EnviReform Project, also at the University of Toronto.