MONROVIA, June 26 (LINA) - President Ellen Johnson Sirleaf is one of three recipients of this year’s Global Economy Prize in the category of politics from the Kiel Institute for World Economy and its partner organizations.
The Liberian leader was presented the award at an impressive ceremony on Sunday, June 22.
Other winners of the award were Indian biotech entrepreneur Kiran Mazumdar-Shaw in the category of Business and U.S. professor Richard Thaler in the category of Economics.
The Global Economy Prize is intended to encourage people to find creative ways and means of coping with important global economic challenges.
It has been awarded annually since 2005 by the Kiel Institute for the World Economy, in close cooperation with the Schleswig-Holstein Chamber of Commerce and Industry and the City of Kiel to an economist, a politician, and a business person.
The prize is meant to honor those who have made outstanding contribution to establishing a society that stimulates people to assume personal and social responsibility for their own actions.
By honoring the accomplishments of the prize recipients, the Kiel Institute seeks to promote the free market and its efficiency, social responsibility, and creative voices in the debate on the future of the global economy.
The winners of the Global Economy Prize are selected every year in a three-step procedure.
First, the Kiel Institute’s Fellows are asked to propose a list of outstanding personalities belonging to the category of Politics, Economics and Business.
Then the Prize Committee meets to produce a ranking of names on the list and finally, the candidates who have been selected by the Prize Committee to occupy the top positions in the ranking are nominated for the Global Economy Prize.
The head of Kiel Institute, which is part of the University of Kiel, Dennis Snower, said the three “had helped us to understand how sustainability can evolve from globalization.”
President Sirleaf returned to the country late Monday, June 23, and later departed for Equatorial Guinea to attend this year's AU Summit.