Mr. Rosso has been Chairman of World Economic Forum USA Inc. since April 2006. Mr. Rosso served as Chairman of CNH Global N.V. from November 1999 until his retirement in May 2004; was Chief Executive Officer of CNH Global N.V. from November 1999 to November 2000; and Chief Executive Officer of Case Corporation from April 1994 to November 1999 and Chairman from March 1996 to November 1996. He is also a director of ADC Telecommunications, Inc., Bombardier Inc., and Eurazeo.
Question: What global economic problem keeps you up at night?
Jean-Pierre_Rosso: I am concerned about many of the African countries from an economic point of view, because in many cases there is no economic development there is poverty, there is disease there is all sorts of terrible things and it is hard to see, the gap, it is hard to see how we are reducing the gap as we speak so, that is not immorally wrong it, even economically that is sort of missed opportunity, so other than that I think as we said earlier the world is moving along and the people who take initiative are more successful than those who don’t, those who open their views open their markets almost successful those who don’t and we just have to continue to move as we are I think moving progressively to a free market system.
Question: Are the U.N. and the World Bank equipped to handle globalization?
Jean-Pierre Rosso: Well, all those institutions have a lot of bright people, I mean they perform a very essential function, but alone they have a hard time making significant changes, they contribute but this is back to the same principal, if they get together with business, with governments and address specific issues together then there will be a much more, they are when they are doing this, they are much more efficient and effective in getting solutions, now they all contribute positively, the question is if we work together we could do a lot more.
Date Recorded: 03/19/2008