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Eurasia

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EURASIAN COOPERATION IN THE POST-PANDEMIC ERA

 
 

27th October 2020

The aftermovie of the Budapest Eurasia Forum 2020 E-Conference

Report on the Budapest Eurasia Forum 2020 E-Conference

On 27 October 2020, following the 2019 Pre-Forum Session, the Central Bank of Hungary (Magyar Nemzeti Bank, MNB) organised the Budapest Eurasia Forum Conference for the second time, and this time under the title of “Eurasian cooperation in the post-pandemic era”. We are living in an ever-changing and dynamic era, in which unilateralism and the need for multilateral cooperation, protectionism and free trade, and the impact of a global technological revolution are present at the same time. Ensuring long-term sustainable development and growth is a key shared challenge for the countries of the region in this new era, for which multidisciplinary dialogue is essential, with particular emphasis on the geopolitical aspects of common goals. Enhancing the dialogue between Europe and Asia is significant not only from the perspective of 21st century megatrends, but also regarding the economic recovery from the coronavirus pandemic and multilateral cooperation. To this end, the MNB's series of conferences launched last year aim to provide a platform for European and Asian decision-makers and experts to enhance cooperation and dialogue. The forum's professional programme featured high-level decision-makers and recognised experts from China, Singapore, South Korea and several European countries on geopolitics and multilateral cooperation, the economy and finance, the future of smart cities and enhancing digital literacy.

TOP QUOTES FROM THE E-CONFERENCE

 

We are at the very beginning of a new historic chapter, the Age of Eurasia, and close down the Atlantic era.

György MATOLCSY
Governor, MNB

Our main goal is to support the emergence of the new age, and its main characteristic: long-term sustainability.

György MATOLCSY
Governor, MNB

COVID-19 showed real Eurasian solidarity, a new kind of solidarity between the East and the West

György MATOLCSY
Governor, MNB

At this critical juncture our nations can only find solutions through joint action rather than standing alone.

Xiaochuan ZHOU
Vice Chairman, Boao Forum for Asia; Former Governor of PBOC

In the post-COVID era the digital economy must be continued and developed even faster.

Xiaochuan ZHOU
Vice Chairman, Boao Forum for Asia; Former Governor of PBOC

We Hungarians look at the new era not only as a challenge, but a chance as well; a chance to become more competitive and be even stronger.

Péter SZIJJÁRTÓ
Minister of Foreign Affairs and Trade Hungary

We are interested in a strong European Union, and we believe that strengthening the Eurasian coopeations would strenghten the EU itself.

Péter SZIJJÁRTÓ
Minister of Foreign Affairs and Trade Hungary

The world must uphold and pursue an approach of common, comprehensive, cooperative and sustainable security.

Hongbo WU
Special Representative of the Chinese Government on European Affairs

We need to tackle development deficits with a new vision of innovation driven, coordinated, green, open and inclusive development.

Hongbo WU
Special Representative of the Chinese Government on European Affairs

What we need is better governance, greater openness and closer cooperation.

Hongbo WU
Special Representative of the Chinese Government on European Affairs

As two major forces, two big markets and two great civilizations, China and Europe have acted in the spirit of mutual support and solidarity and engaged in close cooperation.

Hongbo WU
Special Representative of the Chinese Government on European Affairs

Pandemic crisis will change trends in international relations, and cooperation among Asian and European countries is crucial.

Mehmet Huseyin BILGIN
Vice President, Eurasia Business and Economics Society

The potential of CEE region and Turkey is the bridge role and strategic position for global trade, global production, global energy security and also migration issue. If the countries have a close cooperation they have the chance to use the potential.

Mehmet Huseyin BILGIN
Vice President, Eurasia Business and Economics Society

This crisis is about resilience, is about challenges, but it is also about opportunities, and one huge opportunity that this crisis brings up is acceleration of digitalization.

Pierre HEILBRONN
Vice President of Policy and Partnerships, EBRD

The issue of cooperation is more relevant than before the crisis. (…) We (EBRD) believe that building routes that bring resilience in supply chains should come from both sides, from Asia to Europe, but also from Europe to Asia.

Pierre HEILBRONN
Vice President of Policy and Partnerships, EBRD

Greening of BRI and focus on green and energy strategy is really fundamental.

Pierre HEILBRONN
Vice President of Policy and Partnerships, EBRD

The future must be negotiated based on cooperation, mutual understanding, negotiated agreements must happen.

Mihály PATAI
Deputy Governor, MNB

The COVID-19 recession is likely to go beyond a simple economic recession and bring about massive changes in the overall economic and social structure.

Kyuil CHUNG
Deputy Governor, Bank of Korea

The visions of the Korean New Deal are to transform Korea from a fast follower to a first-mover, from a carbon-dependent economy to a low carbon economy, and from an unequal society to an inclusive society.

Kyuil CHUNG
Deputy Governor, Bank of Korea

By making bolder and more pre-emptive investment, Korea will pursue digitalization in society, economy, education, industry and medicine, in an effort to become the world's digital leader.

Kyuil CHUNG
Deputy Governor, Bank of Korea

Central banks need to respond more actively to the wider use of digital currencies in the private sector.

Kyuil CHUNG
Deputy Governor, Bank of Korea

The world economy has ended the period of super-globalisation.

Qi ZHANG
Director General, Department of Foreign Economic Relations, Development Research Center of the State Council of China

A more open and prosperous China that embraces cooperation and win-win concepts, is bound to create more business opportunities for Eurasia and countries around the world.

Qi ZHANG
Director General, Department of Foreign Economic Relations, Development Research Center of the State Council of China

The pandemic will not end globalisation, but reshape globalisation. Countries are paying more attention to security issues rather than efficiency in building up industrial chains.

Qi ZHANG
Director General, Department of Foreign Economic Relations, Development Research Center of the State Council of China

The complementary Asian and EU economies have the common pursuit and aspiration of open development and safeguarding the rule-based multilateralism.

Qi ZHANG
Director General, Department of Foreign Economic Relations, Development Research Center of the State Council of China

During COVID-19 and post-COVID, there is a shift from efficiency and productivity to resilience and sustainability.

Sopnendu MOHANTY
Chief FinTech Officer, Monetary Authority of Singapore

Retail CBDC allows you to leapfrog the expensive real-time gross settlement system for small countries who may be economically challenged to build expensive retail payment systems.

Sopnendu MOHANTY
Chief FinTech Officer, Monetary Authority of Singapore

A sustained post-pandemic recovery will require global action.

Danae KYRIAKOPOULOU
Chief Economist and Director of Research, OMFIF

I hold very positive views about globalisation, the only thing is how you do it. In this new era, (…) you have to change to new models, new platforms.

Bofei HU
Deputy General Manager of International Business Department, China Construction Bank

There are several turning points for a central bank to consider introducing CBDC.

Changchun MU
Director General, Institute of Digital Currency, People’s Bank of China

…while the global pandemic of COVID-19 is accelerating such changes, the trend towards a multi-polar world is becoming more and more obvious.

Jianduan JIANG
Director General, China Construction Fifth Engineering Division Corp. Ltd. China State Construction and Engineering Corporation

The above innovative practises convince us that the true wave of digitalization will be reflected in the emergence of smart cities.

Jianduan JIANG
Director General, China Construction Fifth Engineering Division Corp. Ltd. China State Construction and Engineering Corporation

We believe that such communication and cooperation can bring diversified, autonomous, balanced and sustainable development to each other.

Jianduan JIANG
Director General, China Construction Fifth Engineering Division Corp. Ltd. China State Construction and Engineering Corporation

… the Singapore Government realized that there is a need to quickly step up the various digital transformation initiatives, there's no returning to the pre-covid era and we have actually to move much faster.

Eng Chye TAN
President, National University of Singapore

… a native cloud architecture will facilitate a service 4.0 economy where technology would augment the workforce.

Eng Chye TAN
President, National University of Singapore

We should try to look for more commonalities rather than differentiation because a smart city needs to be connected to communicate and to connect.

Eng Chye TAN
President, National University of Singapore

I think the role of public value of smart city becoming even greater than before during this pandemic.

Jung Hoon LEE
Chairman of Smart City Committee, Seoul Metropolitan Government; Professor, Yonsei University

A smart city should be able to enable people live in the environment with the least exposure to infectious diseases.

Li JIN
Executive Vice President, Fudan University

Shanghai is no doubt one of the smartest cities in managing the COVID-19 and one of the key factors of this success is the local governments, businesses, communities successfully working together to utilize ICT technology to overcome this challenge.

Li JIN
Executive Vice President, Fudan University

I believe a smart city will lead to a healthy city and only a healthy city can keep the city economically dynamic and attractive to business.

Li JIN
Executive Vice President, Fudan University

The role of cities in the future will be significantly different from what we had in the pre-COVID era.

Bruno LANVIN
President, Smart City Observatory

Cities can play significant role in restoring trust and cooperation across national borders. Globalisation needs be redefined, it has to go beyond nation states.

Bruno LANVIN
President, Smart City Observatory

Talent will be at the core of what smart cities can be and do. It is today cities that have become the main magnets for talent, much more than countries.

Bruno LANVIN
President, Smart City Observatory

When we are using and utilizing technology for smart cities we are increasing interdependencies as well.

Leena ILMOLA-SHEPPARD
Senior Scientist, International Institute for Applied Systems Analysis

At the end of the day it is consumer behaviour that is defining our success in sustainable features.

Leena ILMOLA-SHEPPARD
Senior Scientist, International Institute for Applied Systems Analysis

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