A global forum held in Bahrain for the first time is a pilot and will be a magnet for the world's top economists, business leaders and strategic thinkers, said an expert. The three-day Bahrain Global Forum, organized by International Institute for Strategic Studies (IISS), the world's leading authority on political-military conflict, opened opened on Friday at the Ritz-Carlton Bahrain Hotel and Spa. The forum will shape debate about the challenges to economic development, effective international financial regulation, free and fair trade, and regional and global economic governance, said Dr John Chipman, IISS director general. “This, in particular, needs to be a forum that gives increasing voice to the economists and entrepreneurs from the so-called emerging markets,” he said. “In this more egalitarian world order that we inhabit, discussions here should help develop a consensus on economic and financial issues.”