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Policy In A New Economic Order

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Haydn Shaughnessy, Co-Founder, The Disruption House. Presented at Crowdsourcing Week Europe 2015. For more information or to join the next event: http://crowdsourcingweek.com/

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Policy In A New Economic Order

  1. 1. Policy in a New Economic Order Haydn Shaughnessy • Co-founder The Disruption House 1
  2. 2. Growing Ecosystems 2 1991 2007 Open source lines of code added
  3. 3. How different is the economy now? 3 Green line - on trend global trade in goods (2008 - 2013) Blue line - on trend GDP Red line - World import volume (2000 - 2013) Global imports in goods beyond 2015 Trade elasticity data suggests the global trade-GDP growth link is over The growth of complex global supply chains is stalled. Instead we are layering services into existing economic activity.
  4. 4. A strange piece of additional data 4 Cross border Internet traffic 2008-2012 49% CAGR Trade in goods 2.4% For the most part leaves no monetary footprint
  5. 5. More hidden value - social affinity 5 Brand value v social affinity
  6. 6. The Rise of Integrated Business Platforms More trade is gravitating towards business platforms Integrated procurement, e-billing and receivables With a payment layer In some cases (Alibaba, Ariba) with a lending layer And soon with an FX layer 6 PUBLIC PRIVATE Challenge conventional commerce with more contextual information, one stop shop, low unit cost
  7. 7. The effect of platforms 1.Highly efficient and highly scalable at low friction 2.But - Apple owns 95% of the profits in smartphones; c50% of consumer electronics firms are financially stressed 3.Amazon Local and Uber suck margin out of local communities and centralise wealth 4.Work becomes piece-work, which creates ambiguity around welfare 7
  8. 8. The common pool resource 1.In the 1990s we began thinking about shared IP under creative commons 2.Today we need to think about the ecosystem as a common pool and to define its common pool elements 8
  9. 9. Data is a common pool resource In place of restriction on data we need to foster systems that allow common pool management In place of negotiating with large, centralised data platforms we need to inform electorates about this invaluable economic resource 9
  10. 10. Economic imbalance Platforms are invaluable but so too are the ecosystems around them Can it be corrected by diverting the value we commonly create to different forms of employment or entrepreneurial crowd platforms? Better tax regimes for the ecosystem not the platform 10
  11. 11. Ending Make the hidden economic activity visible Create metrics that highlight its value Identify the contribution of the common pool Distribute that value as opportunity 11

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