A World Without Borders – Innovation, Entrepreneurship and

A World Without Borders A World Without Borders Innovation, Entrepreneurship Innovation, Entrepreneurship and Creative Financing in practice and Creative Financing in practice to sustain to sustain

Economic GrowthEconomic Growth

Professor AlanProfessor Alan Barrell Barrell Entrepreneur in Residence Entrepreneur in Residence Centre for Centre for Entrepreneurial Learning Judge Business School Cambridge, XiamenEntrepreneurial Learning Judge Business School Cambridge, Xiamen

University Fujian, ChinaUniversity Fujian, China and and LaureaLaurea University of Applied Sciences University of Applied Sciences Helsinki. Chairman NHS Innovation Council Helsinki. Chairman NHS Innovation Council East EnglandEast England

UECJB Cambridge Academic Programme

May 2012

And the importance of Regions and And the importance of Regions and Regional impacts on National and Regional impacts on National and

World Economic Development with World Economic Development with reflections on Current Global Financial reflections on Current Global Financial

IssuesIssues

ChinaChina--UK UK WELCOME !!WELCOME !!

Connecting across Continents Connecting across Continents creating a World Without creating a World Without Borders Borders with ENTREPRENEURSHIPwith ENTREPRENEURSHIP

Happy New Year of the DRAGON !Happy New Year of the DRAGON !

My favourite University CampusMy favourite University Campus..

After Cambridge After Cambridge Xiamen is a Xiamen is a second home|second home|

Hero and great Hero and great BenefactorBenefactor

The World The World needs more needs more like him to like him to

face the face the challenges of challenges of

the future the future Mr Tan Mr Tan KahKah KeeKee

Kings College Kings College Trinity and Trinity and all thatall that A A medieval city. A great University. Cambridge my medieval city. A great University. Cambridge my

No. 1 !No. 1 !

A PreviewA PreviewOur World Today Our World Today Economic, Social and Economic, Social and

Business ContextBusiness Context

What it means for UK and the West in GeneralWhat it means for UK and the West in General

Looking ahead Looking ahead Exploiting the Future Exploiting the Future UK and UK and China China -- Globalisation Globalisation Innovation, Enterprise, Innovation, Enterprise,

Entrepreneurship Entrepreneurship

Partnerships Partnerships vsvs Competition Competition and perhapsand perhaps

CoCo--opetitionopetition

International Finance, Currency International Finance, Currency Yuan, $ and Yuan, $ and EurozoneEurozone Financing GrowthFinancing Growth

Promoting beliefs in Promoting beliefs in Open InnovationOpen Innovation A World Without A World Without Borders and Education Without BordersBorders and Education Without Borders

Emphasising the Emphasising the Entrepreneurial ImperativeEntrepreneurial Imperative

Meet RufusMeet Rufus His first day of His first day of life beyond life beyond

mothermother

My Family My Family before before RufusRufus..

Rufus in this picture is hidden inside the Rufus in this picture is hidden inside the lady with the green toplady with the green top

A World of OPPORTUNITYA World of OPPORTUNITY

Can be A WORLD WITHOUT Can be A WORLD WITHOUT BORDERSBORDERS

Education Education Without Without BordersBorders

Business Business Without BordersWithout Borders

Does our Does our Eye on the WorldEye on the World see much see much change?....change?....Is our perception of this Is our perception of this changechange

driving enough innovation and change in preparing the next driving enough innovation and change in preparing the next generationgeneration..?? What is changing between East and West ?..?? What is changing between East and West ?

Intermediaries 4th DimensionThe way we view the World Southern China seen from Cambridge

Cambridge seen from Southern China

Global Dynamics Global Dynamics Our World Today and Tomorrow Our World Today and Tomorrow Context Context for Our Future for Our Future The bigger pictureThe bigger picture

Two fifths of the Worlds people live in Two fifths of the Worlds people live in the two fastest growing large the two fastest growing large economies economies China and India China and India

Education, Wealth Creation and New Education, Wealth Creation and New Knowledge are at the heart of Knowledge are at the heart of Economic Planning in AsiaEconomic Planning in Asia

Growth in Asia is far ahead of Growth in Asia is far ahead of Europe.Europe.

Dynamic Growth in Manufacturing Dynamic Growth in Manufacturing BaseBase

CASH is in place in the Asian CASH is in place in the Asian economies economies as well as brainpoweras well as brainpower--China has US$ 3.2 Trillions of China has US$ 3.2 Trillions of reservesreserves

Labour and Material cost advantages Labour and Material cost advantages ++++++++++

Asia and The Americas Asia and The Americas power and power and influenceinfluence..

Europe and the Europe and the EurozoneEurozone What What next ?........next ?........

The Changing Horizon

EnvironmentIssues

The death ofdeference

New employmentpatterns

Organisations

Globalisation

Technology

Sources of CompetitivenessSources of Competitiveness

Creativity Risk

Speed Reputation

Cost Values

Learning Information

4 billions new 4 billions new world citizens on world citizens on the way the way -- living living longer longer not all not all

healthierhealthier.7 billion .7 billion of us alreadyof us already

3 millions of 3 millions of the babies the babies

born in UK in born in UK in 2010 will live 2010 will live 100 years or 100 years or

moremore

The Dilemma The Dilemma Living Longer Living Longer Health Care BudgetsHealth Care Budgets

28 Nations in 28 Nations in AfricaAfrica

Africa will be Africa will be the first the first

Continent to Continent to have 2 billions have 2 billions

populationpopulationThere are losers There are losers as well as as well as winnerswinners

Seismic Shifts in power from West to East Seismic Shifts in power from West to East North to South North to South implications for world Cultureimplications for world Culture

Poor old Europe Poor old Europe more than a bit deflated !more than a bit deflated !Uncertain times Uncertain times ..??..??

Looking at Looking at todaystodays BIG WORLD BIG WORLD -- And the balance And the balance of trade and power in the world has changedof trade and power in the world has changed

Some Economic Indicators How are key Countries doing?

Can the trend continue? What if China pulls out of US $ - moving its reserves? Do the Trade Balance differences matter? India and China?

- 679 + 3.5+ 3.9USA

+ 86+ 1.0+ 2.1Euro Area

- 49+ 0.1+ 2.9Britain

130- 25+ 8.0+ 8.6India

3.5 Trillion And growing!

+158+ 8.9+ 9.5China

Foreign ReservesUS $ Bn

Trade BalanceUS $ Bn

Ind. Prod. %GDP % Change

Serious thoughts Serious thoughts needed about needed about

ChinaChina

From Ancient From Ancient History and Past History and Past Greatness Greatness to to

TomorrowTomorrowssWorldWorld

440 million people 440 million people lifted from poverty in lifted from poverty in

last two decadeslast two decades

To get rich is To get rich is GLORIOUSGLORIOUS

Deng Xiaoping 1978

Who said Capitalism was bad ? Not this manWho said Capitalism was bad ? Not this man

Not all he did is Not all he did is considered good by all considered good by all

but his impact on the but his impact on the Chinese Economy and Chinese Economy and

Society and the World has Society and the World has been profoundbeen profound

ChinaChinas Provinces s Provinces Prediction for 2020 Prediction for 2020 Provinces GDPs Provinces GDPs will equal many Nations will equal many Nations

The Phenomenon of Ancient China The Phenomenon of Ancient China Creativity and Inventiveness Creativity and Inventiveness somesome of of the Inventions. Is China entering a new the Inventions. Is China entering a new Age of Invention and InnovationAge of Invention and Innovation??

The first lamps Magnetic Compass The Camera Gunpowder Paper for writing Printing Iron and Steel Smelting Copper and Bronze ware Oil Drilling and Production Coal Mining Pottery and Porcelain Wine making and tea and tea culture Early Astronomy Sericulture gave us Silk Seismography Traditional Medicine and Anaesthetics Acupunture Vaccination against Smallpox The Hot Air Balloon The Soushi Calendar Decimal and Binary Mathematics

1919thth Century Entrepreneur Century Entrepreneur Zhang Zhang ZhidongZhidong

China never China never sleptslept Adhere to our Chinese Adhere to our Chinese principals of philosophy principals of philosophy and life and life but learn from but learn from the Westthe West

The great Chinese Navigator and ExplorerThe great Chinese Navigator and Explorer

Lets put MODERN CHINA into our picture and context.Some of Chinas Achievements

Compound growth of GDP at 9% since 1995, 2nd largest economy in the world

One of top 10 trading nations The most popular FDI destination The largest mobile phone market The second largest PC market The third largest advertising market An opportunity market for Western Goods in 2010 20%

of al