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Wealth of the Nation: The Missing Links

Wealth of the Nation: The Missing Links. Suvit Maesincee. The Rich Nations No Longer Dominate Global Production. Share of Global GDP* %. The US and Britain took 50 years to double their real incomes per head Today China is achieving that in a single decade. 75. Developed Economies. 50.

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Wealth of the Nation: The Missing Links

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  1. Wealth of the Nation: The Missing Links Suvit Maesincee

  2. The Rich Nations No Longer Dominate Global Production Share of Global GDP* % The US and Britain took 50 years to double their real incomes per head Today China is achieving that in a single decade 75 Developed Economies 50 Emerging Economies 25 * At purchasing power parity Source: The Economist Jan 21st-27th 2006 1820 70 1913 50 73 2005

  3. The Geopolitics of 2026 • By 2026 , China’s economy will be bigger than the US • India’s will be much larger than that of any individual European country • The press will be full of articles about “Asian Value’ and the “Beijing • Consensus” • There will be a fierce global scramble for oil, water and skilled labor • As economic might shifts from the north and west to the south and east, so • will the cultural power • Ancient civilizations like China and India will become more self-confident • and will project their own ideas on to concept such as democracy, freedom • and the rule of law Source: The Geopolitics of 2026, The Economist 2006

  4. Asia Expected to Be a Bigger Part of World By 2015 Forecasted Share of World GDP 2015 100 Asia 80 60 Total = 45% 40 Non-Asia 20 0 China India USA Rest of the world Other Asia Japan Western EU Total • Source: The Economist December 2th, 2005, investaustralia.com

  5. Three Clusters of Nations Sustained Economy Mature/Stable Market Economy Survived Economy Suffered Economy Stagnant/Chaotic Economy Mature/Stable Liberal Democracy Political Disorder Source: Modified from Tanaka Akihiko

  6. Globalization like a force of gravity • It is unavoidable • It is better to think how to make use of it • View it as an opportunity to speed-up the nation wealth • building process

  7. In an Era of Globalization, a Healthy Economy Relies onAbility to Build Stock and Managing the Flow Well Managing Flow Poor Low High Building Stock Current Level of Stock New Level of Stock

  8. Wealth of The Nation Redefined = Wealth of the Nation X X Opportunities Strategy Capability Parameter Openness Attractiveness Competitiveness

  9. Wealth of The Nation Redefined Assumption About Environment Global Forces & Trends Openness • Opportunities • Threats Assumption About Scope of Business Attractiveness Nation’s Competitive Position • Value Creation • Differentiation Assumption About Competencies Competitiveness Nation’s CompetitiveAdvantage • Strengths • Weaknesses

  10. Wealth of The Nation Redefined US Japan India Thailand Parameter Scorecard Openness X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X • Free Flow of Goods & • Services • Free Flow of Capital • Free Flow of Talents Attractiveness • Business Attractiveness • Geographical Attractiveness • Cultural Attractiveness • People Attractiveness Competitiveness • Comparative Advantage • Competitive Advantage • Competencies

  11. Wealth of The Nation Redefined Openness Openness US India Attractiveness Competitiveness Attractiveness Competitiveness Openness Openness Japan Thailand Attractiveness Competitiveness Attractiveness Competitiveness

  12. Wealth of the Nation--The Missing Links Sufficiency Economy Globalization People Centricity Wealth of the Nation Sustainable Development

  13. Desired Wealth of the Nation Nation-State Nation’s Competitiveness Company Competitive Advantage Competencies People

  14. In the Past Nation 1 Nation 2 Nation 3 Nation-State Vertical Tie-Up Horizontal Free-Up Company People

  15. From Now On Globalization Nation 1 Nation 1 Nation 2 Nation 3 Nation 2 Nation 3 Nation-State Company People • Vertical Tie-Up • Horizontal Free-Up • Vertical Free-Up • Horizontal Tie-Up

  16. From Now On Nation 1 Nation 2 Nation 3 e.g. OLPC Nation-State e.g. iPod Company e.g. Korean Wave People

  17. From Now On Nation 1 Nation 2 Nation 3 Issues • Unilateral • Bilateral • Multilateral Nation-State • Local • Regional • Global Company • Privatize • Commonize • Socialize People

  18. People is the Key Development Energy for the Nation’s Wealth Building in the 21th Century • Invest in People • Equal Opportunities • Entrepreneurial Culture • Distributed Creativity • Peer Production • Democratization of Information Empower People People-Centric Development Strategy Liberalize Potentials Pursuit to Prosperity

  19. People is the Key Development Energy for the Nation’s Wealth Building in the 21th Century Empower People Enabling Environment Liberalize Potentials Competitive Landscape • Predictable Environment • Macro-Stability • Infrastructure • Institutional Framework • Intelligence • Optimal Openness • Attractive Sector • Dynamic Enterprise Pursuit to Prosperity

  20. People Centric Drivers • Citizen Centric Government • Open Innovation Economy • Knowledge Based Enterprise • Smart People

  21. Citizen Centric Government Authority Regulation Facilitation Empowerment

  22. Open Innovation Economy Proprietary Closed Open Public Domain

  23. Knowledge Based Enterprise Scale/Scope Hierarchy Network Skill/Speed

  24. Blindly Repetitive Task Smart People Non- Interchangeable Skill Interchangeable Skill Innovational Task

  25. People Centric Wealth System Nation’s Competitiveness • Cohesion • Co-Creation • Co-Prosperity Competitive Advantage Social Capital Competencies • Capability • Integrity • Energy Human Capital Nation Company People

  26. Sufficiency Economy is the Foundation for Sustainable Development Sustainable Development • Cohesion • Co-Creation • Co-Prosperity Cluster/ Institution Formation • Cooperatives • Community-based • Enterprises • Community Business Social Capital Intra-Community Collaboration • Extended Collaboration • Community-based Intelligence • Community Development Plan • Emerging of Basic Community- • based Enterprises • Capability • Integrity • Energy • Increased Income • Reduced Expenditure • Savings • Decreased Unproductive Habit • Initial Collaboration Human Capital Individual Sufficiency

  27. Sufficiency Economy is the Foundation for Sustainable Development Sustainable Development • Cohesion • Co-Creation • Co-Prosperity Cluster/ Institution Formation • Global Collaborative • Network • Regional/Global • Enterprises • Competitive Cluster Social Capital • Local Collaborative Network • Industry-based Intelligence • Industry Development Plan • Emerging of Industry Norms • and Practices Intra- Industry Collaboration • Capability • Integrity • Energy • Increased Income • Reduced Expenditure • Savings • Decreased Unproductive • Investment • Good Governance Human Capital Corporate Sufficiency

  28. People Centric Wealth System Competitiveness Nation Transparency Dynamic Competitive Advantage Company Good Governance Competencies Strategic Intent Integrity People Energy

  29. Wealth of the Nation Redefined Human Capital Capability Return on Intellectuals + People Centric ROI = Integrity Return on Integrity + Energy Return on Intention

  30. The Links to Nation’s Wealth Building Conflict VS. Complement Globalization Sufficiency Economy Promote VS. Block Cause-Effect VS. Coincident Sustainable Development

  31. Sufficiency Economy as a Root of Nation’s Wealth Building People Empowerment Globalization Sufficiency Economy Sustainable Development Wealth of the Nation

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