2. The Australian challenges reflect a global
picture
Our Future World: Global megatrends that will change the way we live, CSIRO,
2012; Australia to 2050, third Australian intergenerational report, Australian
Treasury, January, 2010 et al
Ageing and
growing
population
Australia
Ageing and growing
population
Escalating demand
for services
Economy in transition
Environment
vulnerable to climate
change
Growing gaps between
sub-groups and
communities
Need to boost
productivity and
innovation
3. The gap between demand for services and
what government can provide is widening
Timeline
Publicservice
Estimated gap
by 2025 –
Australia $54 billion
G8 US$1.5 trillion
Figures from Accenture and Oxford Economics: Delivering Public Service for the
Future: Navigating Shifts, and Fast Forward to Growth: Seizing Opportunities in
High-growth Markets
4. IMPACT – Australia insights from the
field enlivened a vision
What’s happening;
Why it matters;
What could this be?
What can we do?
Call to Action
5. Those who understand
the need
Those who have the
resources and innovation
expertise to contributeIdeas
Resources
Networks
COMMUNITY MARKETS
GOVERNMENTS
New combinations of people, ideas and
resources
Figure X: How
government uses social
innovation to address
the demand-supply gap
11. Source: Adapted from J Freireich and K Fulton, Investing for Social
and Environmental Impact, Monitor Institute, 2009; and R Hill,
Effective Consulting, in collaboration with the Australian Government
Department of Education, Employment and Workplace Relations.
Government has dual roles – participant and
steward in the market
12. Governments also face changing expectations
“Governments of the future will need to adapt and
continuously evolve to create value. They need to
stay relevant by being responsive to rapidly
changing conditions and citizens’ expectations,
and build capacity to operate effectively in
complex, interdependent networks of
organisations and systems across the public,
private and non-profit sectors to co-produce
public value.”
World Economic Forum
The Future of Government: Lessons learned from around the world, World Economic
Forum, 2011
13. There is growing global momentum for impact
investment
Impact investment is a fast-growing market globally. The enormous potential
for Australia was highlighted in the landmark report, IMPACT-Australia.
www.businessweek.com, 6 June 2013
IMPACT-AUSTRALIA: Investing for social and economic benefit, DEEWR, 2012
14. The UK strategy links public sector, community
sector and markets
Growing the Social Investment Market 2013 Progress Update
15. “The leadership responsibility in this country extends
well beyond our elected politicians. It must be
shared by business, the community and in
academia.”
Dr Ken Henry, former Treasury Secretary and author, Australia in the Asian Century
‘Q&A with Ken Henry’, Company Director, March 2013
This calls for shared leadership of new solutions
