The International Nobel Economic Forum «The Global Economy of the XXI century: Cycles and Crises.» was held for the first time in Ukraine at Dnipropetrovs’k University of Economics and law The Forum was held on 11-13 September 2008 and collected more than one hundred participants from different regions of Ukraine , CIS countries and abroad.

The  Forum was organised by the leading scientific institutions of Ukraine and Russia: the National Academy of Sciences of Ukraine, the  Russian Academy of Sciences, the Institute for Economics and Forecasting of NAS of Ukraine, the Institute of Economics of the Russian Academy of Sciences, the Institute of World Economic and International Relations –a division of the  National Academy of Sciences of Ukraine, the Institute of Economic Strategies – a division of the Russian  Academy of Sciences, Lomonosov Moscow State University and others.

In the course of four plenary sessions and two workshop sessions the participants of the Forum heard and discussed reports of scientists from Ukraine, Romania, Russia, USA, Poland and other countries on global issues of cyclical development, were updated on with the latest research in this area, particularly the works of Nobel laureates in economics . One of the key issues before the Forum was the forecast of  the development of world civilization up to 2050, which was presented by the authors - Professor Yu. Yakovets and  Boris Kuzyk , corresponding member of the Russian Academy of Sciences. The outstanding scientific level of the Forum in the analysis of the causes and mechanisms of the profound crises affecting the world economy at the beginning of the XXI century owes most of all to the contributions of Joseph Stiglitz , the winner of the Nobel Prize in Economics (2001) ,professor at Columbia University, V. Geyets , academician of the National Academy of Sciences, Ukraine, S. Yu . Glazyev, academician of the Russian Academy of Sciences , and corresponding members of RAS , G.G. Fetisov and
G. Grindberg, which were presented during the plenary sessions. In his speech, the Rector DUEP, Professor B. I. Kholod outlined the further prospects for developing the Nobel movement in Ukraine. The speech by academician A. Grindberg was devoted to the creative achievements of Nobel laureates in Economics  of Ukrainian and Russian origin. The report by  member of the Romanian Academy of Sciences, Prof. Georg Zaman , dealt with issues of intellectual capital in the context of the integration processes taking place in Europe.

In general, the Forum was based on the following areas:
• the economic dynamics of the new millennium - cycles and crises;
• the latest trends in civilization - the transformation of economic, social and cultural dimensions;
• philosophy of modern society and the human factor in economic development;
• globalization and regionalism - the contradictory unity of processes;
• the knowledge economy and information society;
• transitional economies in the world today;
• international movement of resources and the internationalization of business;
• cross-cultural communication as a factor in the internationalization of the modern world.

In addition to the scientific discussion the Forum was enriched by a strong cultural program. Members and guests of the Forum visited Khortitsa Island just outside Zaporozhtye , where they enjoyed a tour of an authentically restored reconstruction of the late medieval Cossack republic,  and in Dnipropetrovs’k  visited the National Center for Youth Aerospace Education of Ukraine and the Southern Machine-Building Plant,  besides visiting other museums and attractions in the region.

As a result of deliberations and fruitful discussions, the Forum arrived at the following recommendations:
• to increase research  on cycles and genetic patterns of functioning of economic systems and innovations in the XXI century and to support the proposal to establish an international award for achievements in the study of cycles, crises and innovation and encourage the interested scientific and business communities to support this initiative;
• to support the initiative of scientists from Russia, Ukraine and Kazakhstan to develop a long-term global forecast, «The Future of Civilizations»  for the period up to  2050 , with the aim of presenting it before the end of 2009at the UN and UNESCO;
• sharing the concern of scientists, government, political and public figures and global civic society with regard to the global energy, economic and food crises affecting the world in the early twenty-first century and which involve significant risks and negative consequences for all humanity, to support the development of a  UN-backed global energy and environmental strategy for discussion at the Global Forum on Sustainable Development in 2012, and the recommendations of the UN Conference in Rome to address the world food crisis;
• to encourage  national leaders, scientists and business representatives to develop  national and international programs of energy-environmental and agri-food development. The implementation of these programs will be effective provided there is accelerated international integration, particularly in the exploration and development of clean alternative energy and agri-food sector;
• to welcome the initiative of publishing the Nobel lectures, conduct systematic Nobel readings, to establish the International Nobel Economic Forum as a permanent international platform for discussion and promotion of the results of research into the formation of modern civilization under the influence of globalization processes;
• to mark the importance of education in shaping a new generation of personnel supporting the initiative of establishing a scientific and educational portal «New Paradigm» of an international civilisational online university with the aim of expanding the educational functions of the internet and television.

The Forum agreed on the establishment of an International Ukrainian-Russian Nobel University.

The culmination of the Forum was the opening  on September 13 of the unique memorial sign - memorial symbol «Alfred Nobel Planet», established to mark the 40th anniversary of the Bank of Sweden Prize in Economics in Memory of Alfred Nobel. The memorial sign a five-meter composition with a symbolic globe three meters in diameter with images on bronze medals of all the 800 Nobel Prize winners ( since 1901 ) in all categories  . It is highly symbolic that in the manufacture of the globe alloys obtained by recycling Ukrainian strategic missiles were used .

The co-authors the idea of  establishing the monument are - DUEP rector, Professor B.I. Kholod ,  and the well-known sculptor-medalist E.M. Groshev,  project architect Stanislav Leshukovich, sculptors – Y.A. and A.A. Zobenko.  Specialists and divisions of the «Production Association» Southern Machine-Building Plant named after  O. M. Makarov  were engaged in creating the memorial .

The Forum, which ended with the opening ceremony of the unique memorial in honor of talented pioneers of science, will serve well its purpose of  popularizing  science in the modern world, fostering mutual understanding and strengthening of contacts between scientists and economists from different countries,  developing  new joint programs as well as becoming an outstanding social event.