Difference between revisions of "Anders Borg"

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'''Anders Erik Borg''' is a Swedish [[politician]]. After working at the [[Wallenberg family]]'s [[SEB bank]], he went on to serve as [[Minister for Finance (Sweden)|Minister for Finance]] in the [[Government of Sweden|Swedish government]] from 2006 to 2014. He is a member of the Swedish [[Moderate Party]].
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On 14 November 2014, the [[World Economic Forum]] (WEF) announced that Borg will lead the organization's new initiatives to promote global cooperation with a new framework for the global financial system. According to [[Klaus Schwab]], founder of WEF, Borg's working group will function as a platform for decision-makers from governments, central banks, authorities and institutions. Anders Borg left his assignment at the World Economic Forum in August 2017.<ref>http://sverigesradio.se/sida/artikel.aspx?programid=83&artikel=6791601</ref><ref>http://www.expressen.se/nyheter/anders-borg-har-fatt-nytt-jobb/</ref>
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== Youth and education ==
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Borg was born in [[Skarpnäck (borough)|Skarpnäck]], [[Stockholm]] but grew up in [[Norrköping]], [[Östergötland County]]. He became a member of the [[Moderate Youth League]] in the upper secondary school in Norrköping. From 1988 to 1991 he studied [[political science]], [[economic history]], and [[philosophy]] at [[Uppsala University]].  He also attended [[Stockholm University]] from 1995 to 1997, where his studies in economics included participation in graduate level courses despite the fact that he had not completed a bachelor's degree. He has yet to earn an academic degree.
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During his period at Uppsala University, Borg was chairman of the [[Uppsala Student Union]] as well as the [[Conservatism|conservative]] [[Heimdal Association]].  From 1990 to 1991 he was vice chairman of the [[Confederation of Swedish Conservative and Liberal Students]].  Also as a teenager, Borg was a [[Libertarianism|libertarian]] and advocate of [[Prohibition (drugs)|drug legalization]], on one occasion writing a newspaper article calling for drug decriminalization in Sweden.<ref name="Local">https://web.archive.org/web/20120702180532/http://www.thelocal.se/20846/20090722 /ref>https://web.archive.org/web/20070310135204/http://www.aftonbladet.se/vss/val2006/story/0,2789,799677,00.html</ref>
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== Professional career ==
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From 1990 to 1991, Borg was an [[editorial]] writer for the newspaper ''[[Svenska Dagbladet]]''.  Following the centre-right parties' victory in the [[1991 Swedish general election|1991 general election]], Borg became a Political Adviser at the Prime Minister's Office with responsibility for coordination of the Ministry of Health and Social Affairs, the Ministry of Public Administration, the Ministry of Culture and the Ministry of Education and Science. From 1993 to 1994 he was a Political Adviser to [[Prime Minister of Sweden|Prime Minister]] [[Carl Bildt]].
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Following defeat of the Moderate Party in the 1994 general election, Borg worked in the private [[Bank]] sector. From 1995 to 1998 he worked at the company Transferator Alfred Berg as responsible for economic and political analysis. From 1998 to 1999 he was Chief Economist at ABN Amro Bank in Stockholm and from 1999 to 2001 he was Head of the Economic Analysis Department at [[Skandinaviska Enskilda Banken]] (SEB) in Stockholm. Klas Eklund, senior economist at SEB, said that Borg "is very quick, he reads profusely, he soaks up information like a sponge and he's very receptive, very intelligent. Before he became minister of finance, he was a technocrat, a brilliant technocrat. He was like a volcano, always erupting with new ideas."<ref name="Local"/>
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From 2001 to 2002, he was an adviser on monetary policy issues to the executive board of the Swedish central bank [[Sveriges Riksbank|Riksbanken]].  He was recruited as Chief Economist of the Moderate Party in 2003 by [[Bo Lundgren]] and stayed in the team of the newly elected party leader [[Fredrik Reinfeldt]].  He also was a member of the board of the [[Swedish Labour Market Administration]] (''Arbetsmarknadsstyrelsen'') from 2005 to 2006.
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== Minister for Finance ==
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Following the victory in the [[2006 Swedish general election|2006 general election]], Borg was appointed [[Minister for Finance (Sweden)|Minister for Finance]] in the new [[Cabinet of Fredrik Reinfeldt|centre-right cabinet]] led by [[Prime Minister of Sweden|Prime Minister]] Fredrik Reinfeldt, that assumed office on 6 October 2006.
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Borg has been recognised as the mastermind behind the new Swedish government's economic doctrine, focusing an incremental dismantling of the social democratic [[welfare state]], with larger self-financing of welfare systems, lower taxes and fewer benefits as the way to create new motivation to work and more business opportunities and [[job creation|creation of jobs]]. He developed these [[New Classical Economics]] policies in his role as chief economist in the Moderate Party.
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On 5 September 2007, [[Minister for Defence (Sweden)|Minister for Defence]] [[Mikael Odenberg]] resigned from the cabinet due to disagreement with Borg regarding funds for the [[Swedish Armed Forces]].<ref>http://www.gmanews.tv/story/59212/Report-Swedish-defense-minister-resigns</ref>
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On 29 November 2008, Borg, in an interview on Swedish [[TV4 (Sweden)|TV4]], criticized US President-elect [[Barack Obama|Barack Obama's]] economic agenda calling it "untenable".<ref>http://www.aftonbladet.se/nyheter/article3883911.ab</ref>
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==Other work==
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Borg was advisor to the [[Government of Finland|Finnish government]] from 2014 to 2015. He was called for this work by the Moderate Party's Finnish sister party the National Coalition Party and its companion the Centre Party of Finland<ref>http://www.svd.se/naringsliv/borgs-nya-uppdrag-for-finlands-regering_4010471.svd</ref>. The purpose was to use the reputation of Sweden and Swedes in marketing unpopular policies to Finnish people in a situation where International Monetary Fund was in bad light due to its operations in Greece and Spain.
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In 2015, Borg is deputy chairman of [[Investment AB Kinnevik]] and [[Millicom]]. He resigned as deputy chairman of technology investment group Kinnevik and as adviser to [[Citigroup]] 2017 amid a scandal over his allegedly drunken behavior at a party.<ref>https://www.ft.com/content/c7ce0f46-7a88-11e7-9108-edda0bcbc928</ref>
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In 2018 Borg joined [[IPsoft Inc.|IPsoft]] as Senior Advisor, with main role to promote the company's [[Artificial Intelligence|AI]] platform Amelia.
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<ref name=mk01>https://www.mkse.com/2018/02/12/anders-borg-borjar-salja-amelia-ai</ref>
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==References==
 
==References==
 
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Latest revision as of 20:40, 2 August 2022

Person.png Anders Borg  Rdf-entity.pngRdf-icon.png
(politician, economist)
Anders.borg.jpg
Born11 January 1968
Stockholm, Sweden
NationalitySwedish
Alma materUppsala University, Stockholm University
Member ofWEF/Young Global Leaders/2008
PartyModerate Party
Double Bilderberg Swedish Minister for Finance

Employment.png Swedish Minister for Finance

In office
6 October 2006 - 3 October 2014
Succeeded byMagdalena Andersson
Attended 2 Bilderbergs in this capacity

Anders Erik Borg is a Swedish politician. After working at the Wallenberg family's SEB bank, he went on to serve as Minister for Finance in the Swedish government from 2006 to 2014. He is a member of the Swedish Moderate Party.

On 14 November 2014, the World Economic Forum (WEF) announced that Borg will lead the organization's new initiatives to promote global cooperation with a new framework for the global financial system. According to Klaus Schwab, founder of WEF, Borg's working group will function as a platform for decision-makers from governments, central banks, authorities and institutions. Anders Borg left his assignment at the World Economic Forum in August 2017.[1][2]

Youth and education

Borg was born in Skarpnäck, Stockholm but grew up in Norrköping, Östergötland County. He became a member of the Moderate Youth League in the upper secondary school in Norrköping. From 1988 to 1991 he studied political science, economic history, and philosophy at Uppsala University. He also attended Stockholm University from 1995 to 1997, where his studies in economics included participation in graduate level courses despite the fact that he had not completed a bachelor's degree. He has yet to earn an academic degree.

During his period at Uppsala University, Borg was chairman of the Uppsala Student Union as well as the conservative Heimdal Association. From 1990 to 1991 he was vice chairman of the Confederation of Swedish Conservative and Liberal Students. Also as a teenager, Borg was a libertarian and advocate of drug legalization, on one occasion writing a newspaper article calling for drug decriminalization in Sweden.[3]

Professional career

From 1990 to 1991, Borg was an editorial writer for the newspaper Svenska Dagbladet. Following the centre-right parties' victory in the 1991 general election, Borg became a Political Adviser at the Prime Minister's Office with responsibility for coordination of the Ministry of Health and Social Affairs, the Ministry of Public Administration, the Ministry of Culture and the Ministry of Education and Science. From 1993 to 1994 he was a Political Adviser to Prime Minister Carl Bildt.

Following defeat of the Moderate Party in the 1994 general election, Borg worked in the private Bank sector. From 1995 to 1998 he worked at the company Transferator Alfred Berg as responsible for economic and political analysis. From 1998 to 1999 he was Chief Economist at ABN Amro Bank in Stockholm and from 1999 to 2001 he was Head of the Economic Analysis Department at Skandinaviska Enskilda Banken (SEB) in Stockholm. Klas Eklund, senior economist at SEB, said that Borg "is very quick, he reads profusely, he soaks up information like a sponge and he's very receptive, very intelligent. Before he became minister of finance, he was a technocrat, a brilliant technocrat. He was like a volcano, always erupting with new ideas."[3]

From 2001 to 2002, he was an adviser on monetary policy issues to the executive board of the Swedish central bank Riksbanken. He was recruited as Chief Economist of the Moderate Party in 2003 by Bo Lundgren and stayed in the team of the newly elected party leader Fredrik Reinfeldt. He also was a member of the board of the Swedish Labour Market Administration (Arbetsmarknadsstyrelsen) from 2005 to 2006.

Minister for Finance

Following the victory in the 2006 general election, Borg was appointed Minister for Finance in the new centre-right cabinet led by Prime Minister Fredrik Reinfeldt, that assumed office on 6 October 2006.

Borg has been recognised as the mastermind behind the new Swedish government's economic doctrine, focusing an incremental dismantling of the social democratic welfare state, with larger self-financing of welfare systems, lower taxes and fewer benefits as the way to create new motivation to work and more business opportunities and creation of jobs. He developed these New Classical Economics policies in his role as chief economist in the Moderate Party.

On 5 September 2007, Minister for Defence Mikael Odenberg resigned from the cabinet due to disagreement with Borg regarding funds for the Swedish Armed Forces.[4]

On 29 November 2008, Borg, in an interview on Swedish TV4, criticized US President-elect Barack Obama's economic agenda calling it "untenable".[5]

Other work

Borg was advisor to the Finnish government from 2014 to 2015. He was called for this work by the Moderate Party's Finnish sister party the National Coalition Party and its companion the Centre Party of Finland[6]. The purpose was to use the reputation of Sweden and Swedes in marketing unpopular policies to Finnish people in a situation where International Monetary Fund was in bad light due to its operations in Greece and Spain.

In 2015, Borg is deputy chairman of Investment AB Kinnevik and Millicom. He resigned as deputy chairman of technology investment group Kinnevik and as adviser to Citigroup 2017 amid a scandal over his allegedly drunken behavior at a party.[7] In 2018 Borg joined IPsoft as Senior Advisor, with main role to promote the company's AI platform Amelia. [8]


 

Events Participated in

EventStartEndLocation(s)Description
Bilderberg/200731 May 20073 June 2007Turkey
Istanbul		The 55th Bilderberg meeting, held in Turkey
Bilderberg/20136 June 20139 June 2013Watford
UK		The 2013 Bilderberg group meeting.
WEF/Annual Meeting/200923 January 200927 January 2009World Economic Forum
Switzerland		Chairman Klaus Schwab outlined five objectives driving the Forum’s efforts to shape the global agenda, including letting the banks that caused the 2008 economic crisis keep writing the rules, the climate change agenda, over-national government structures, taking control over businesses with the stakeholder agenda, and a "new charter for the global economic order".
WEF/Annual Meeting/201323 January 201327 January 2013World Economic Forum
Switzerland		2500 mostly unelected leaders met to discuss "leading through adversity"
WEF/Annual Meeting/201717 January 201720 January 2017World Economic Forum
Switzerland		2950 known participants, including prominently Bill Gates. "Offers a platform for the most effective and engaged leaders to achieve common goals for greater societal leadership."
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References

  1. ↑ http://sverigesradio.se/sida/artikel.aspx?programid=83&artikel=6791601
  2. ↑ http://www.expressen.se/nyheter/anders-borg-har-fatt-nytt-jobb/
  3. ↑ a b https://web.archive.org/web/20120702180532/http://www.thelocal.se/20846/20090722 /ref>https://web.archive.org/web/20070310135204/http://www.aftonbladet.se/vss/val2006/story/0,2789,799677,00.html
  4. ↑ http://www.gmanews.tv/story/59212/Report-Swedish-defense-minister-resigns
  5. ↑ http://www.aftonbladet.se/nyheter/article3883911.ab
  6. ↑ http://www.svd.se/naringsliv/borgs-nya-uppdrag-for-finlands-regering_4010471.svd
  7. ↑ https://www.ft.com/content/c7ce0f46-7a88-11e7-9108-edda0bcbc928
  8. ↑ https://www.mkse.com/2018/02/12/anders-borg-borjar-salja-amelia-ai
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