Dr Kannan Vishwanatth addressed IEF at the Latvian Academy of Sciences
Dr Kannan Vishwanatth was the addresser at IV International Economic Forum in Riga, Europe, at the Latvian Academy of Sciences. He is correlated with Dr APJ Abdul Kalam Research Centre. He is also the Director of Hong Kong-based pharmaceutical company Rupus Global Limited.
There were many other keynote orators at IV International Economic Forum in Riga Europe at Latvian Academy of Sciences, included Prof. Dr Juris Binde, President of the “Latvijas Mobilais Telefons”, Vice-President of the Latvian Association of Information and Communication Technologies, Latvia; Ms Pamela Bernabei, President of the Antonio Meneghetti Scientific and Humanistic Research Foundation, Switzerland / Italy).
Another prominent speaker at the event was Dr.oec. Jnis Vanags, Professor at Riga Technical University, a researcher at the Institute of Economics of the Latvian Academy of Sciences, Latvia; Prof Dr Tarmo Soomere, President of the Estonian Academy of Sciences, Estonia and Mr Jekaterina Rojaka, Vice Minister of Economy and Innovation, Lithuania.
The central purpose of the IV Economic Forum was "Globalization Challenges faced by Europe and Baltics in the 21st century". It was to analyse the reasons, consequences and challenges that Baltics and Europe have faced during the globalisation of the 21st century. Also, to examine possible science-based and practical solutions to reach a higher level of welfare in our respective countries. The profitable practice of the I, II and III Economic Forum is commencing again. The Forum serves as a platform for peddling the experience and cooperation of scientists, entrepreneurs, and politicians, stimulating the entry of local and foreign investment and the development of an innovative national economy in the long term.
Dr Kannan Vishwanatth gave a sermon on 'How has COVID changed international business? And talking about pharmaceutical products, vaccines and business opportunities for human wellbeing. Dr Kannan Vishwanatth noted that “Fifty years ago, Milton Friedman affirmed that the social accountability of business was only to increase its profits, within the law. This mantra, with its focus on the short term, gained a stronghold on much of business practice and continues to guide leadership decision-making in response to COVID-19.”
He also highlighted that the coronavirus catastrophe and its economic effects coincide with the 50th anniversary of Milton Friedman’s apparent assertion that the social responsibility of business was only to increase its profits within the law. This mantra has gained a stronghold on much of business practice, focusing on the short term. It is in this context that business leaders will be acknowledging the effects of the coronavirus crisis.
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