Mr. Chairman, Governors, honored guests, I am convinced that a better world is possible, if we are willing to invest in better globalization. But I also believe that we need to take our concept of global governance one step farther. Recent corporate scandals should remind us that there must be more to a market economy and entrepreneurship than profits alone. As President Vaclav Havel said two years ago in Prague, a global economy needs a sense of global ethics. I would encourage you to visit the exhibition »World Religions, Universal Peace, Global Ethic« prepared by the theologian Hans Küng, that is now underway at the IMF. I share Professor Kueng’s view that there can be no survival of the globe without a global ethic. And I think that you will be struck by how much common ground he has demonstrated among the major religions and philosophies of the world. And I trust that you, too, will see this as another source of hope for the future for the world.