 So Could you take your seats? Okay, well we we will start and I have to say that we have a question which is extremely stimulating is international economic order collapsing question mark and We are very privileged because to respond to this question. We have a group of panelists Extremely Diverse with angle of visions that are complementary very different And I take it that to respond to a question which is so multi-dimensional So multi-layered it is good that we have such a panel. Let me introduce the member of the panel We have Taiho Park He was minister of trade of the Korean government I know to with great satisfaction that I always chair of the Korean committee for the trilateral Commission I know that on pass on he's a presently president of the global commerce Institute of And a leading global law firm in Korea Leonhard Co Yann Cotanson is CEO of data core innovations Limited liability company member of the board of the Paris school of economics and he just published capitalism against Inequalities which is a great book. I have to say Gabrielle Felbert May He is he was the the I would say chief of the famous I FO Center for international economics at the University of München Munich And they who was president of the kill Institute for the world economy is Presently director of the Austrian Institute of economic research, and it's a privilege to have you here Moto shiger ito Professor emeritus of the University of Tokyo has been an advisor of the prime minister and I have to say I was Very impressed when I could see your own personal library with the 40 books that you wrote very impressive John Lipsky is was deputy first deputy a managing director of the IMF acting managing director and This presently senior fellow of the foreign policy Institute at John Hopkins Paul needs a school of advanced international studies and then we have Kyao either Secretary general and vice chairman of Shanghai Development Research Foundation Dedicated to promote research and the issue of development. He previously was managing director of New York life in China Nicola veron Last but not least senior fellow both at Bruegel in Brussels and at the Putterson Institute for international economies in DC and He's one of the founding father of the think tank Bruegel now, let me Say that we have here And it's very impressive. I have to say three Asian Panelists out of seven. I think that to capture that structural transformation of first magnitude are emerging in the global economy It was a very good sign that we could have three speakers coming from Asia and let me let me Say just a few words because we have to be very concise All panelists have accepted to speak five minutes first in order to communicate their main messages and then we could have a new round of Discussion in order again for you to benefit from the multi-angular multi I would say Dimensional vision that we have in the panel and then we go to the to the audience so Very rapidly first many many shocks in the global economy since I would say The post World War two and Brighton would System and so forth each of these shock collapse of Soviet Union collapse over the Redwood system emergence of the emerging world Rise of Asia and of China very spectacular each of these Phenomenon would have called for a new Global economic order each of them It's also particularly striking to see and it was Mentioned and stressed very very well in the previous panel that there is an acceleration of this transformation those structural transformation accelerating with a Remarkable speed in a way war in Ukraine is an illu in Emlimatic illustration of this incredible and rapid transformation that we are witnessing of course, there is a very close correlation between Geo strategy and economics now The question should we have a new International economic order. I I guess that the response is yes because Checking what has been said I could see that all speakers whether president of the US whether President of all countries in the world whether president of China. They all say we need a new International order Implicitly or explicitly a new economic international order So the problem is which one exactly which International order that is new that would be appropriate to the new world in which we are would be appropriate would should it be Multi-polar or unipolar the response. Yes again is yes Yes, we need a new international order. Yes, it should be multi-polar not bipolar Not many unipolar, but again, which kind of multi-polar and then Again, I expect all of us to comment on that Some of some have in mind bipolar. They say yes implicitly should be west versus the rest of the world democracies versus authoritarian regime global north versus global south and There are a lot of implicit response on this so-called Multi-polar world which in the mind of some would be bipolar Should it be a real multi-polar world with the US? Europe China the emerging world Russia so which constellation of different poles do we see in this new world and That is of course a question for Many many many countries many culture to respond Because it's not obvious which kind of multiple of your world we we would like to have and then There is the real question the dramatic question shared global rules or no shared global rules Taking into consideration Global public goods or not taking into consideration global public goods at the level of the planet and again, I Would say I hope that the majority of us will say yes, we need shared Rules we need to Recognize that we are in on the same planet, but we will see what are the response and let me turn to the first speaker Please you have the floor