According to the twenty-second report of CESifo’s European Economic Advisory Group (EEAG), world GDP will expand by 3.3% this year, while the European economy will experience sluggish growth of barely 0.1% and a widening breach between north and south. The Spanish economy, the report warns, will remain mired in its structural crisis, and contract 1.2% in the full-year period. Private consumption will continue subdued, unemployment will rise to 26.8%, and inflation will stay low at 1.8%.
The BBVA Foundation Frontiers of Knowledge Award in the Development Cooperation category goes in this fifth edition to the Drugs for Neglected Diseases initiative (DNDi) for “developing and delivering new, effective and affordable treatments for poverty related diseases including Chagas disease, sleeping sickness, malaria and leishmaniasis affecting the world’s most vulnerable populations,” according to the award citation. DNDi, in the jury’s judgment, “represents an institutional model of good practice, translating scientific research to development cooperation, through knowledge management and delivery of results to disadvantaged populations suffering from neglected diseases.”
The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category goes in this fifth edition to U.S. mathematician Paul Milgrom “for his seminal contributions to an unusually wide range of fields of economics including auctions, market design, contracts and incentives, industrial economics, economics of organizations, finance, and game theory,” in the words of the prize jury. This breadth of vision encompasses a business focus that has led him to apply his theories in advisory work with governments and corporations.
The BBVA Foundation Frontiers of Knowledge Award in the Contemporary Music category goes in this fifth edition to Pierre Boulez, in recognition that “he is not only an eminent composer, with a determinedly forward vision, but also a key figure engaging in every aspect of musical reflection and transmission,” in the words of the award citation. “The sum of his activities,” the jury concludes, “evidences an acute awareness of the artist’s intellectual and social responsibility in the modern age.”
The BBVA Foundation Frontiers of Knowledge Award in the Ecology and Conservation Biology category has been granted in this fifth edition to U.S. marine ecologist Jane Lubchenco for her experimental work, which has advanced understanding of coastal ecosystems and laid the scientific groundwork for the design of marine reserves. Lubchenco, in the words of the jury’s citation, “has been a leader in establishing marine reserves based on solid principles of ecological science. Her work established a scientific framework for defining the optimal locations, size, and connectivity of marine reserve networks, effectively integrating her scientific expertise into science-based principles for public policy.”