gc99

Nearly 1,000 business, finance, government and academic leaders from around the world gathered in Los Angeles March 10-12 for the 1999 Milken Institute Global Conference.

Highlighting the three-day event were keynote speeches by California Governor Gray Davis, former Rep. Lee Hamilton, and Institute Chairman Michael Milken; a discussion among four winners of the Nobel Prize in economics; and panel discussions on the global economy, the United States, Asia, Europe, Latin America, financial reform, public policy -- and a lively evening discussion on Russia.

Wednesday night kicked off with a debate on the state of economic journalism. A major theme of Thursday's events was a call to allow private markets to fullfil their potential to create wealth and jobs worldwide, and that governments should limit themselves to ensuring that financial systems are run fairly and efficiently. The conference continued Friday with a talk by Gov Davis, panel discussions on financial reform and Latin America, and the panel with the Nobel laureates, moderated by Mr. Milken.

The Issues

The 1999 Global Conference updated and examined developments in Russia, China, Japan and East Asia, Brazil, Mexico, the United States and the newly integrated "Euroland." Particular attention was paid to global financial difficulties and alternative financial reforms.

The Sessions

Panel discussions with business leaders, government and international organization officials, global portfolio managers, economists, financial strategists and academic experts were held on these topics:

  • Global Overview and the United States 
  • Japan and East Asia
  • Europe and Euroland
  • Public Policy and the Policy Maker 
  • China and Taiwan
  • Financial reform and banking
  • Brazil, Mexico and Latin America

There was also a discussion between Milken Institute Chairman Michael Milken and four winners of the Nobel Prize in economics: Gary Becker, Merton Miller, Douglass North, and Myron Scholes.