Group 37@Sophia: The Dilution of Switzerland’s Banking Secrecy Laws, and the potential domestic and global financial repercussions if it continues.



  1. Introduction
  2. Switzerland’s Economy

–       The Most Competitive and Innovative economy

–       Financial Sector and Foreign Investment

–       Global financial role

3. Financial Secrecy Index

–       Why it was launched

–       How the Rankings Are Determined

–       Switzerland’s Ranking

4. Anti-Money Laundering initiative

–       Tax Evasion after 9/11

–       The OECD Puts Pressure on Switzerland’s Banking Secrecy Laws in

Light of Global Financial Crisis

5. Changes to Swiss Banking Secrecy

–       Changes in Legislation

–       Events Marking Shift to Greater Transparency

–       Switzerland Standing Their Ground

6. Repercussions if Switzerland Meets International Standards

–       Tax Havens

–       Developed Countries

7. Conclusion

Group 10@Sophia: Privatization and externalization of the military: a global challenge

I. An expanding trend responding to worldwide Defense budget cuts

II. A new business: global companies and services tailored for public-private partnerships

III. Regulation for a smart-contracting approach: the French scenario in a globalized world​



6@Sophia:New sanctions against Russia to take effect on Friday.

BRUSSELS/LONDON, Sept 11 (Reuters) – European Union governments agreed on Thursday that new economic sanctions on Russia will take effect on Friday but held out the prospect of cancelling some or all of them next month if they believe a peace plan is working.

EU ambassadors agreed in principle to the new sanctions last Friday but implementation was held up by a dispute over whether they should take effect now or whether the EU should give more time for a ceasefire in Ukraine to take hold.

The ambassadors agreed at a meeting in Brussels that the new sanctions should take effect on Friday, when they will be published in the EU’s Official Journal.

“The ambassadors reserve the right to revise their decision at any time in response to events, on the basis of the opinions of relevant institutions,” one EU diplomat said.

European Council President Herman Van Rompuy said EU officials would conduct a review before the end of September of how a peace plan was working in Ukraine and, if Russia was complying, some or all sanctions could be lifted.

“If the situation on the ground so warrants,” he said, officials may submit to EU leaders “proposals to amend, suspend or repeal the set of sanctions in force, in all or in part”.

That enticement to Moscow to cooperate, while immediately imposing new measures, reflects impatience on the part of some leaders not to pull punches after less than a week of a truce but also concern among others, especially those most heavily dependent on Russian trade, not to provoke Moscow’s retaliation.

The breakthrough followed a phone call on Thursday involving Van Rompuy, British Prime Minister David Cameron, German Chancellor Angela Merkel, French President Francois Hollande and Italian Prime Minister Matteo Renzi, Cameron’s spokesman told reporters in London.

“(They spoke) to discuss the subject of sanctions against Russia in the context of Ukraine and agreement to proceed with the implementation of the sanction package that was agreed earlier in the week,” he said.

“If Russia genuinely reverses course then of course the European Union and others will return to the subject but there unfortunately has been very little evidence so far and that is why you have the European Union going ahead.”


Moscow would take comparable measures in response to new EU sanctions, Russian news agencies quoted a Foreign Ministry spokesman as saying.

That response could include caps on used car imports and other consumer goods, Kremlin economic aide Andrei Belousov was quoted by state-run RIA news agency as saying. But he added: “I hope common sense will prevail and we will not have to introduce those measures.”

The Ukraine conflict has provoked the worst crisis in East-West relations since the Cold War and deepened fears over possible disruption to Russian gas supplies to Europe.

Poland’s state-controlled gas importer PGNiG said on Thursday it had received 45 percent less natural gas than it requested from Russia’s Gazprom on Wednesday. A Gazprom spokesman said Russian gas flows to Poland were unchanged from the previous week.

A spokeswoman for the European Commission said the EU was looking into the details and the possible cause of disruption. She said Ukrainian, Russian and EU officials would meet in Berlin on Sept. 20 to discuss gas supplies.

Ukraine imports around half of its gas needs from Russia, and the EU meets a third of its demand through imports from Russia, with 40 percent of that gas flowing through Ukraine.

The new EU sanctions are expected to put Russia’s top oil producers and pipeline operators Rosneft, Transneft and Gazprom Neft on a list of Russian state-owned firms that will not be allowed to raise capital or borrow on European markets, an EU diplomat said.

EU sanctions, however, do not include the gas sector and in particular state-owned Gazprom, the world’s biggest gas producer and the biggest gas supplier to Europe.

Battle-tank maker Uralvagonzavod, aerospace company Oboronprom and state-controlled United Aircraft Corporation (UAC) are also expected to face sanctions, according to a draft obtained by Reuters.

The EU sanctions would prohibit the companies from raising capital in Europe via “financial instruments with a maturity exceeding 30 days”, the draft document said.

A further 24 people will be added to a list of those barred from entry to the bloc and whose assets in the EU are frozen.

While Germany had been pushing to have the new sanctions implemented, several other EU countries had wanted to hold off because a ceasefire in Ukraine had been holding for some days.

EU diplomats said countries with close ties to Russia such as Italy, Austria and Finland are reluctant to implement the new sanctions.

Merkel said sanctions could always be suspended later if there was progress towards a peace plan for Ukraine.

Ukraine’s president said on Wednesday Russia had removed the bulk of its forces from his country, raising hopes for a peace drive now underway after five months of conflict in which more than 3,000 people have been killed.

However, a NATO military officer said there were still around 1,000 Russian troops inside Ukraine and 20,000 near the border.

The rouble hit a record low against the dollar on news of the new sanctions.


Globalization 2014-2030: How globalization will affect us throughout our professional career ? Team 116 – Sophia

Nowadays, companies have to become global. Costs, skills and cultures are necessary to improve the global firms’ strategies. This phenomenon pushes companies to hire multicultural teams, searching foreign suppliers and outsourcing.

Below are the problems that most firms & managers meet when they facing globalization:

1. Cross-cultural understanding

During some of our work experiences, we had worked in multicultural teams before. Cross-cultural management forces us to adapt to the team, to understand their way of thinking and working. Indeed, foreign employees have been educated with different habits, kind of leadership and communication. In order to optimize team results, it has been necessary to adapt our management methods, So that, understanding each member’s culture is necessary to assure a good global team work.

2. Country work codes

Working in a foreign country has also been an enriching experience for some of us. Each country represents different believes, way of communicating, behaving, negotiating. Understanding the religion, work codes, calendars are necessary to integrate in the country effectively, the team. It is also really important to understand the business strategy and the expectations of targeted customers.

3. Workforce skills

Globalization allowed each country to become specialized in some activities. The specialization of the country makes workforce to be more efficient and valuable. Being aware of each country’s specializations when launching a project is really helpful to decide what will be outsourced, supplied and in which area of the world. Also it is important to know the area valuables and missing skills in order to develop a project in good conditions.

In conclusion, globalization offers us good opportunities to work in a multicultural market with various skills but we must keep in mind that it will be a big challenge for us to adapt the coincident work policies in multicultural environment in companies. That’s what we call globalization.

Globalization 2014-2030: How globalization will affect us troughout our professional career ? – Group 2 @Paris AMAIS

“Globalisation is a new face in the human adventure” as President Chirac has mentioned in 2002.

Globalisation opens the door to collaboration between countries, global competition with global rules overseen by international organization. Above all, mobility and cross-cultural encounters are the result of this idea that the word is becoming a borderless network. The next two decades will see major changes in global output, in the global business environment. In fact, by 2030 world population is projected to reach 8.3 billion, so that’s 1.3 billion people more. According to the Organisation for Economic Co-operation and Development (OECD), emerging countries like China, India and the rest of the developing world will surpass the west in the balance of economic power over the next few years. What are the challenges and oppotunities for us brought by globalisation ?

Mobility is the name of the game. Indeed, we are faced to a new challenge that the Skema business school’s headline underline « At Home Worldwide ». The professional market will be even more changed with an increase of the cultural mix. Ideas will be transferred and knowledge communication will even more implemented to companies. This evolution will affect us positively because we will share competencies and be more open-minded. We can also say, that we will have to adapt ourselves to this new market. For example, to find a job in France will be more difficult because of the foreign skilled workers rise. Therefore, mobility is the answer, we will have to go where the opportunities are and it’s more likely to be in Chili, Viet Nam or others emerging countries.

Globalization will affect certainly our professional career in 2030, and it’s already started in 2014. We have to take advantage of this situation and our goal is to be a global manager to increase our competencies and be competitive and aware of the new opportunities.

What happenned to Japan Giants? – Group 9 – Sophia

Global competitionFrom Sony to Panasonic and Toshiba, Tokyo used to rule the electronic world. But what happened to these giants?

These companies but also Sharp and Fujitsu are today losing billions and try to escape from this tragic death by diversifying their activities, but will it be enough?
Is this down due to inherent characteristics of Japanese Business Model or is it linked to the country’s economic and financial policies? Or did these companies just miss the boat in front of companies such as Apple and Samsung?

In order to try to answer these questions and deal with this topic at the very heart of globalization, let’s follow this layout:


1/ Introduction: general context (geographical, economical, social, political)
2/ Presentation of the problematic
3/ Presentation of the countries of the topic
4/ Main subject: e.g.
4.1 Strategy of main Japanese electronic brands
4.2 Reasons of their down
4.3 Competitors’ success and reasons
5/ Conclusion
6/ Bibliography
7/ Appendix

88@Sophia: French wine: A local specialty in a globalized market

I)              How did French wine benefit from the Globalization?


II)            French wine facing a globalized competition


III)          French wines: An uncertain future?


IV)          Conclusion