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

2. The Rich Nations No Longer Dominate Global Production * At purchasing power parity Source: The Economist Jan 21 st -27 th 2006 18207019135073 2005 Share of Global GDP* % Emerging Economies Developed Economies The US and Britain took 50 years to double their real incomes per head Today China is achieving that in a single decade 25 50 75

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 Asia Non-Asia Total = 45% Source:The Economist December 2th, 2005, investaustralia.com 0 20 40 60 80 100 China Other Asia India Japan USA Western EU Rest of the world Total

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

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 on Ability to Build Stock and Managing the Flow Managing Flow Building Stock LowHigh Well Poor Current Level of Stock New Level of Stock

8. Wealth of The Nation Redefined Wealth of the Nation = OpportunitiesStrategyCapability X X OpennessAttractiveness Competitiveness Parameter

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

10. Wealth of The Nation Redefined Openness Attractiveness Competitiveness Scorecard Free Flow of Goods & Services Free Flow of Capital Free Flow of Talents Business Attractiveness Geographical Attractiveness Cultural Attractiveness People Attractiveness Comparative Advantage Competitive Advantage Competencies Parameter USIndiaJapanThailand XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX

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

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

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

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

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

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

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

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

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

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

21. Facilitation Empowerment Authority Regulation Citizen Centric Government

22. Open Public Domain Proprietary Closed Open Innovation Economy

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

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

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

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

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

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

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

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

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