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From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD
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From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond Stéphane Garelli, Professor, IMD

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Eurooppalaisen koneteollisuuden kilpailukyky 16.2.2012 …

Eurooppalaisen koneteollisuuden kilpailukyky 16.2.2012
From Global to Fragmented: A Competitiveness Outlook for 2012 and Beyond
Stéphane Garelli, Professor, IMD

http://www.sitra.fi/tapahtumat/2012/eurooppalaisen-koneteollisuuden-kilpailukyky

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  • 1. FROM GLOBAL TO FRAGMENTED… A COMPETITIVENESS OUTLOOK FOR 2012, AND BEYOND. L SITRA -THE FINNISH HELSINKIINNOVATION 16 FEBRUARY FUND 2012 STEPHANE GARELLI PROFESSOR AT IMD AND AT THE UNIVERSITY OF LAUSANNE, SWITZERLAND, DIRECTOR WORLD COMPETITIVENESS CENTER HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 2. « THE TROUBLE WITH OUR TIMES IS THAT THE FUTURE IS NOT WHAT IT USED TO BE.. » PAUL VALERY, 1871 - 1945HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 3. AN INCREDIBLE DECADE… 2002 2012 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 4. A TWO TIER ECONOMY GOVERNMENTS COMPANIESGOVERNMENT SPENDING, % OF GDP CASH “advanced economies” + $2.120BN2011 47.7%1960 28.4% APPLE = $76BN HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 5. WORKING WITH GOVERNMENTS?... OUR ECONOMY GROWS AT NIGHT… WHEN THE GOVERNMENT IS SLEEPING!AN INDIAN SAYING HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 6. DO WE RISK A DOUBLE DIP?HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 7. ARE YOU WORRIED? BUT, I AM YOUR BROKER…HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 8. THE WORLD ECONOMY Q4 ANNUAL % CHANGE (12 month period) Q3 EURO AREA 1.4 0.8 2.7% RUSSIA 4.8 UK 1.3 4.2 CH NOSE DIVING POLAND SWEDEN 4.6 0.8 OR HUNGARY 1.4 SPAIN NL 1.1 LEVELLING-OFF? REP CZECH. 1.5 ITALY 0.8 (compared to previous quarter) TURKEY 8.2 AUSTRIA 2.8 GERMANY 2.5 FRANCE 1.6 JAPAN 0.1 Q4 BELGIUM 1.9 + 5.6% AUSTRALIA +0.6% 2.5 1.6% DENMARK -0.2 THAILAND 3.5 TAIWAN 3.4VENEZUELA 4.2 + 0.8% KOREA +2.0% 3.4 4.5 SINGAPORE 3.6MEXICO SOUTH AFRICA 3.1COLOMBIA 7.7 + 3.6% MALAYSIA + 1.2% 5.8 4.8 INDONESIA 6.4 CHILE INDIA 6.9 2.1 BRAZIL 9.3 2.8% HONG KONG 4.3ARGENTINA CHINA 8.9 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 9. THE WORLD ECONOMIC WEATHER MAP NOT IN SYNC ANYMORE HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 10. THE RECESSION HAS DIFFRACTED THE ECONOMY GROWTHINFLATIONSURPLUSTRADE EXCEDENT SEVERAL PARALLEL BUSINESS MODELS HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 11. A WEAK RECOVERY?115110105100= Pre Recession10095 = Recession HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 12. 34 IS THE ECONOMY MELTING? countries 2012BUDGET DEFICITS TOTAL DEBT $2,700bn $29,000bn (5.9% of GDP) HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 13. COUNTING MONEY… 1 $ = 1 sec. $1Billion 40 YEARS$29,000Billion 1,160,000 YEARS HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 14. IIN SEARCH OF MONEY…PUBLIC BORROWING NEEDS $10,500bn HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 15. HOW TO FIND MONEY? $10,500bn HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 16. 1. CALL THECENTRAL BANK PLEASE WAIT YOUR DOLLARS ARE PRINTED! $1,670bn TREASURY SECURITIES HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 17. AND NOW SUB-SOVEREIGN DEBT… FEDERAL DEBT $15,100bn$375bn $280bn$282bn $212bn HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 18. FROM LENDER TO BORROWER… CAPITAL SHORTFALL 2. CALL YOUR BANK €195bn 7% €354bn DEBT MATURING IN 2012 $720bnSource: Thomson Reuters, Boston Consulting Group, December 2011 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 19. EMERGING MARKETS 3. CALLA WEALTHY FRIEND $6’400bn FOREIGN CURRENCY RESERVES $1,154bn US TREASURY BONDS € 590bn EURO TREASURY BONDS HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 20. WHO HAS THE MONEY? FOREIGN CURRENCY RESERVES $516bn $1356bn $311bn$143bn $289bn $1137bn $3201bn $320bn $484bn $401bn $352bn EMERGING MARKETS: $5,584bn HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 21. STILL A DOLLAR’S WORLDFOREIGN-EXCHANGE TRANSACTIONS 84%FOREIGN CURRENCY HOLDINGS 62% ( 27%)BANK DEPOSITS 58% 1.31 US$ vs EURO 0.90 2002 2012 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 22. WILL EMERGING MARKETS INVEST? THINGS COULD BE WORSE… I COULD BE ONE OF MY CREDITORS!”HENNY YOUNGMAN 1906 -1998 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 23. 1999 2011 4. CALL FORAUSTERITY +$236bn -$1,299bn GOVERNMENT SPENDING > 50% of GDP HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 24. THERE IS A LOT OF NUMBERS IN IT… CLEARLY IT MUST BEGEORGE W. BUSH A BUDGET! 1946 - HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 25. TAX REVENUES as a % GDP5. CALL FOR TAXES 40% 30% 23% 2011: THE LOWEST FISCAL REVENUES IN 40 YEARS! HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 26. A GOVERNMENT BIG ENOUGH TO GIVE YOU EVERYTHING YOU WANT IS STRONG ENOUGH TO TAKE EVERYTHINGTHOMAS JEFFERSON YOU HAVE 1743 - 1826 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 27. WHAT ELSE? THAT THE CONSUMER WAKES UP… HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 28. TWO TYPES OF CONSUMERS… A REPLACEMENT ECONOMY I CAN WAIT…NEW NEWER A FIRST BUY ECONOMY LET ME HAVE IT NOW! NOTHING SOMETHING HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 29. FEAR… AND THE NOBEL PRIZE GOES TO MRS JONES FOR KEEPING HER SAVINGS AT HOMEHELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 30. TWO TYPES OF ECONOMY I WANT IT! I NEED IT!ADVANCED MARKETS EMERGING MARKETS HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 31. “PEOPLE DON’T KNOW WHAT THEY WANT… UNTIL YOU SHOW IT TO THEM!STEVE JOBS 1955-2011 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 32. HOMES ARE MOST FULL ARE NOTOF PRODUCTS… PAID ! HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 33. THE EXPLOSION OF CREDIT… AS A % OF GDP 60%46% 140% 17% – 20% GROWTH RATE 360% HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 34. INFLATION ON THE RADAR SCREEN…10%5%3% 2% HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 35. WHAT IS INFLATION? INFLATION IS PAYING $15 FOR A HAIRCUT WHICH USED TO COST $10 WHEN YOU HAD HAIR… HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 36. INFLATION: THE BIG TEMPTATION… BOOST REDUCE THE CONSUMPTION VALUE OF DEBT “INFLATION IS TAXATION WITHOUT LEGISLATION”MILTON FRIEDMAN 1912 -2006 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 37. THE NEW PARADIGM… 2012 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 38. THE NEXT BUSINESS MODELS?HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 39. MARKET PROSPECTS FOR 2050s A GENERATION AWAY… HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 40. THE WORLD TODAY, AND TOMORROW… Population in millions2010 51422050 446 731 344 719 NORTH AMER. EUROPE 4164 2191 750 1022 590 LATIN AMER. AFRICA ASIA HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 41. A NEW SOUTH – SOUTH BLOCK…. SIZE MONEY BRANDS PROJECTS RAW MATERIALSHI TECH 56% CHINESE EXPORTS = EMERGING ECONOMIES HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 42. NEW PRIORITIES FOR NEW MONEYGOVERNMENT BONDS INFRASTRUCTURECURRENCY VOLATILITY? REAL ESTATE BUBBLE? PURCHASE OF ASSETS NATIONAL CHAMPIONSPOLITICAL SENSITIVITY? STATE CAPITALISM? HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 43. BACK TO THE FUTURE… STATE-BACKED COMPANIES BEFORETRADING COMPANIES UTILITY COMPANIES SOVEREIGN STOCK MARKET SIZE FUNDS CAPITALIZATION 19 80% OUT OF THE 60% 35% LARGEST $4,755bn MULTINATIONALS HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 44. A WORLD OF EMERGING GLOBAL BRANDS HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 45. THE SOURCES OF POWER?…WORK PURCHASING BRANDPOWER POWER POWER HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 46. THE CHALLENGE OF RE -INDUSTRIALISATONHELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 47. THE BIG MISTAKE… FROM TECHNOLOGY EXPORTS TOJEFF IMMELT CEO, GE SERVICE CONSUMPTION HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 48. AN AWKWARD SITUATION PORT ELIZABETH, NJ, USA 100% 45% OF OFSHIP CONTAINERS SHIP CONTAINERS 2010 COMING 2010 LEAVING ARE FULL ARE EMPTY OF CHINESE EXPORTS TO THE US 50% ARE US COMPANY PRODUCTS HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 49. THE OTHER SIDE OF AN iPad… DESIGNED IN CALIFORNIA ASSEMBLED IN CHINA HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 50. GLOBALISATION… HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 51. DE-INDUSTRIALIZATION? INDUSTRY AS % OF GDP1990 16.0% 17.7% 28.2%2011 11.2% 11.4% 20.4% 5.7mo US FACTORY JOBS LOST IN 10 YEARS? HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 52. SUCCESS AND JOBS… MARKET CAPITALIZATION$190bn $40.6bn $376bn EMPLOYMENT287,000 164,000 64,000 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 53. THE SOCIAL CONSEQUENCE… TOTAL UNEMPLOYMENT YOUTH UNEMPLOYMENT 22.8% 48.7%20% 40% 10.4% 8.6% 20% 21.3% 19.9% 8.9% 8.3% 18.5% 10% 7.6% 5.8% 7.1% 3.0% HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 54. STAYING AFLOAT… CURRENT ACCOUNT BALANCE % GDP EXPORT! -9.6% -8.4% -4.4% -3.7% HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 55. RE –SHORING… IMPORTS OF CHINA % US MARKETFURNITURES ELECTRONICS 3 MILLIONAPPLIANCES JOBS? TOYS HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 56. REDISCOVERING THE “MADE IN” “INDUSTRY IS THE KEYSTONE OF PROSPERITY… AND THE SOUL OF BUSINESS”CHARLES DICKENS 1812 - 1870 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 57. NEW FRONTIERSHELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 58. TWO GROWTH ENGINESEMERGING MIDDLE CLASS > $10 a day SUCCESS MONEY CONSUMPTIONEMERGING LESS POOR $2 – $10 a day $35 TABLET THE $2500 CAR MICROFINANCE MOBILE MONEY HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 59. SAFE WATER… - 1.2bn PEOPLE = NO SAFE WATER - 80% DISEASES COME FROM WATERTATA SWACH PURIFIER HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 60. WATER IN EVERYTHING…1 KG BEEF 1 KG CHICKEN 1 KG STEEL1 KG RICE CUP OF COFFEE HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 61. LAW OF UNEXPECTED CONSEQUENCES… ECOLOGICAL FOOTPRINTTOYOTA LAND CRUISER ANNUAL 4.6-LITRE 0.41 10,000 Km HECTARES A DOG 164 Kg 0.84 OF MEAT HECTARES 95 Kg OF CEREALS MEDIUM-SIZED SOURCE: Robert and BrendaVALE, Victoria University, of Wellington, New Zealand HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 62. AGEING AND WELLNESS… MEDIAN AGE OF THE WORLD 28YEARS 40 YEARS2011 2050 LIFE EXPECTANCY INCREASES 5 HOURS PER DAY HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 63. COMPETING WITH MINDSETHELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 64. NOTHING CAN STOP HELP THE ONE… WITH THE RIGHT WRONG MENTAL ATTITUDE!THOMAS JEFFERSON, 1743 - 1826 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 65. WHAT DO CHINESE WANT?"WORK HARD AND GET RICH!"68% OF CHINESE IN A POLL CONDUCTED BY GALLUP, HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 66. WHAT ABOUT OUR CHILDREN?"WORK HARD AND GET RICH!" HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 67. WHAT ABOUT THE GENERATION AFTER?"WORK HARD AND GET RICH!" HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 68. ADJUST TO CHANGES IN SOCIETY NEVER DO WRONG ESPECIALLY WHEN SOMEBODY IS LOOKING!MARK TWAIN, 1835 - 1910 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 69. GOOD NEWS FOR LEADERS… ANY LEADERSHIP EXPERIENCE?YES, I HAVE 6 PEOPLE FOLLOWING ME ON TWITTER HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 70. THE IMPOSSIBLE MIGHT BE POSSIBLE “THE PERSON WHO SAYS IT CANNOT BE DONE SHOULD NOT INTERRUPT THE PERSON DOING IT!”A CHINESE PROVERB HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 71. ON ONE HAND…1803 - 1882 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 72. AND ON THE OTHER… FLYING BACK HOMEEXCELLENCE IN IMPLEMENTATION HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 73. TIMING IS EVERYTHING NOT IF IT IS RIGHT BUT WHEN IT IS RIGHT IT IS VERY WRONGLAKER AIRWAYS AUGUST 1978 TO BE RIGHT BEFORE EVERYONE ELSE! MONTAIGNE, 1533 - 1592NEWTON - Apple AUGUST 1993 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 74. A DIFFERENT MINDSET « LOGIC WILL GET YOU FROM A TO B… IMAGINATION WILL TAKE YOU EVERYWHERE »ALBERT EINSTEIN, 1879 - 1955 HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI
  • 75. A MINDSET FOR SUCCESS…WHY NOT? MINDSET JEAN-BAPTISTE CHARCOT POURQUOI –PAS? 1867 - 1936 « -WHY NOT- »WHY NOT WHY NOT NOW? ME? HELSINKI, 16 FEBRUARY 2012 STEPHANE GARELLI

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