Hosted in Oxford by Oxford Policy Management
A presentation by Tera Allas, a Visiting Fellow at the McKinsey Global Institute. Tera was formerly the Director General for Strategy, Analysis and Better Regulation at the Department for Business, Innovation and Skills, and Deputy Head of the Government Economic Service. Tera holds a number of advisory and non-executive roles focused on strategy, economics and innovation.
Tera’s talk was based on a recent publication by McKinsey Global Institute ‘No Ordinary Disruption: The Four Forces Breaking All the Trends’ which analyses various powerful forces that are colliding and are together transforming the global economy. Based on years of research, the book examines:
- the rise of emerging markets
- the growing impact of technology on the natural forces of market competition
- an aging world population and
- accelerating flows of trade, capital, people, and data
The central proposition is supported by in-depth analysis and informed by some memorable insights about the disruptive forces at work. For evidence of the shift to emerging markets, consider the startling fact that, by 2025, a single regional city in China—Tianjin—will have a GDP equal to that of Sweden, or that, in the decades ahead, half of the world’s economic growth will come from just 440 cities. What this illustrates is that, given the unprecedented nature of the disruption, leaders at all levels need to reset their – often linear – assumptions and intuition about the world around them.
Click Here to download (19MB) a powerpoint presentation of No Ordinary Disruption