Session I.- Globalization and the Responsible Political Decision Making.- The Challenge of Globalization and the Response of Politics.- The Challenge of Globalization and the Response of Industry.- Session II.- The Role of Corporations in Shaping Globalization with a Human Face.- Personalities Make the Difference.- Corporate Responsibility - Essential!.- Session III.- Towards Creating the Right Kind of Globalisation -Why it does not happen, and what to do about it.- Global Tax Competition and Tax Cooperation.- Improving Process of Globalization: Role of WTO.- Session IV.- The Subprime Crisis and Financial Regulation:An International Perspective.- Does the World Need TRIPS-like Instruments in Other Areas of Commerce and Finance?.- The Future of Banking Regulation*.- Session V.- Regions Response to Globalization.- Munich as a Knowledge Hub.- Heterogeneous Response of Countries in Transition to the Globalization Challenge.- Experiences and Actions of the Committee of the Regions of the European Union.- Session VI.- Challenges of Globalization for Science and Research.- The Emphasis Should be on Advantages not on Challenges of Globalization.- In Need of an Ethic and Legal Framework to Secure International Cooperation.- Valorization of Knowledge - A Key to Success.