Celebrating Professor Te Ua

How We Reinvented Paradise

IBM’s Smarter Countries 2029 World CongressAuckland, August 20th, 2029

The way we are - 1What nationality is Professor Min Te Tua?Answers:

1. NZ!! ! 2. Australian

3. American! 4. Canadian5. Korean !! 6. Chinese

7. European! 8. Other: Type in a country

Where was she born?Answer: Type in a town or city

In which city does she live and work?Answer: Type in a city

AgendaThe way we are

The way we were

Global collapse 2009-12

Our rebuild

Min and our mini-multinationals

Our genius!

2029...a year to celebrate!Auckland: 3rd in Fortune’s Location 100 index

Best Global Business/Life Location under 2m pop.

NZ’s first year in the top 5 of the OECD

Exports = 75% of our GDP (30% in 2010)

NZ’s business model emulated widely

Mini-Multi-Maxi: small, entrepreneurial, global

A model that has helped 100s of millions of people prosper from the global economy

2029…a year to celebrate!Our first Nobel Prize for economics

Prof. Min Te Ua….M3Global her research lab

The first Kiwi becomes Secretary General of the UN

Brash marries Clark

…Don’s daughter and Helen’s niece

The way we are - 2How many times have we won the Rugby World Cup since 2006?

Answer: Type in a number from 0 to 6

Will we win in 2031?

Answers:

Yes

No

Don’t know

Only if the Argentineans are still banned

AgendaThe way we are

The way we wereGlobal collapse 2009-12

Our rebuild

Min and our mini-multinationals

Our genius

We were stoked: 1999-2008NZ enjoyed brisk growth

Favourable economic conditions

Good tactical leadership

But it was volume growth

Creating jobs > very low unemployment; low wages

Not value growth…not

High value goods and services

Greater sophistication

Higher wages

…but we’d sowed some vital seeds

…we were stuffedWe were running chronic trade and investment deficits

We were the 3rd most indebted country in the OECD

AttacksUK campaigns againstimported food

“Crimes of consumption”

Science on our side……but perceptionson theirs

Our ‘wingprint’We were the 7th largest country in world for air travel

The tourist backlash against ‘binge flying’ hurt us badly

Global collapse 2009-12Over-cooked x 2...even in 2005

Scale: Countries drawn to per capita consumption

Colour: White to red = Ecological deficit

The way we are - 3In 2009, what maximum target did the government set for NZ’s greenhouse gases emissions in 2020 compared with 1990 levels?

Answer: Pick a number from 1 to 10

Where 1 = minus 50% !and 10 = plus 50%

Did we achieve the target?

Answer: Pick a number from 1 to 10

Where 1 =Yes by miles ! and 10 = Missed by miles

Did we make money from doing so?Answer: Pick a number from 1 to 10Where 1 = Made lots of money and 10 = Lost lots

AgendaThe way we are

The way we were

Global collapse 2009-12

Our rebuild

Min and our mini-multinationals

Our genius

Global collapse 2009-12

Began with severe financial imbalances

By late 2009, relief set in…crisis averted

Then the real impact hit…

Severe global storms

Global economy shaken

Our commodity exports hard hit

Our economy deteriorated fast

What the pessimists believed Global pressures were getting ever more extreme

Climate, environment, economic, social, political

Globalisation was the problem, some said

No, inter-dependence was the solution

Started by seeking solutions in our own communities

Smarter local communities…

…created the smart global community

…we’re tackling climate changeHow we’re doing it: One way - The Princeton Wedges:

15 technologies, applied worldwide, reduced CO2 emissions by 7bn tonnes per year

Most of the technology existed in 2005

Which year did you buy your first electric car?

Answer: Type in a year

Which year did you start generating electricity in your own home.......and selling it to the power company?

Answer: Type in a year

The way we are - 4

AgendaThe way we are

The way we were

Global collapse 2009-12

Our rebuildMin and our mini-multinationals

Our genius

Fundamental drivers for NZEnvironmental science

International relationships

Uniqueness and integrity

Confidence and unity

Culture

Leadership

Strategic resilience

Alliances

Critical tools for NZ

Our VisionTo feed the worldAgribusiness; fishing

To build the worldEducation; research; consultancy; governance; multiculturalism; social justice; peace keeping

To green the worldSustainability; natural capitalism

To enliven the worldEntertainment (words, pictures, films, music, art, sport)design; tourism

HallmarksInspired products & services, offering unique value

Originality born of NZ roots

...e.g. science, innovation, creativity, team ethic

Smart strategies for international markets

Astute management skills to acquire &develop human & technology skills; capital

Confidence & skills to collaborate withpartners, suppliers, customers abroad

New Zealand: 2010-30Recovery phase saw huge shift in global agricultural

Driven by climate change

Animal health & human health issues

We invested in commodity production overseas

Here, we gained big new high tech human health roleE.g. Lacto pharmaceuticals

…and the rise of the mini-multinational

…underpinned by Min’s work at M3Global

Our successes - farming1 litre of milk = 940 gm of CO2 equivalent

16,000,000,000 litres = 15,040,000,000 kg of CO2 eq

15.04m tonnes of CO2 eq per year was nota waste product, a liability

It was a brilliant business opportunity…

…smarter cows, healthier soil

…more food

Our successes - tourism1 person, 1 return flight London to Auckland

= 5.5 tonnes of CO2

2.4m tourists a year = 10m tonnes of CO2(= total footprint including ground transport + short haul flights for tourists coming from nearer countries)

10m tonnes of CO2 seen as unavoidable waste product

It was also a brilliant business opportunity…Air New Zealand’s achievements began with:

10% biofuels by 2013; 50/50 blend jatropha / Jet A1

1.2% fuel saving; 60-65% cut in greenhouse gases

Our successes - urban lifeOur image:Mountains, lakes, beaches, farms and forests

Our reality:We’re one of the most urbanised countries in the worldA few low-density cities; many small, low-density towns

Global convention:Low density = bad urban outcomesPoor transport, infrastructure, economic network

Our genius:Low density+connectivity = excellent urban work/life styleSmart IT enables talent & enterprise......and makes best use of resources & attributes

The way we are - 5How did you get here today?Answers:

Train/tram/subwayBus

Own carCar pooled

PPM (on-demand, self-guiding Personal People Mover)Walk; jogged

CycledVirtual telepresencing

Matariki

Matariki

Matariki

AgendaThe way we are

The way we were

Global collapse 2009-12

Our rebuild

Min and our mini-multinationalsOur genius

Min’s story….M3Global storyA stunning New Zealand…and global success

Themes 2010-2029:

Talent, enterprise, creativity

…thinking differently

Mini - Small businesses

Multi - Many sectors, many markets

Maxi - Making the most of global opportunities

30 M3 companies from NZ floated in US, EU, Asia

M3Global - led by Min, backed by the UN

NZ HQ - Virtual presence + 15 Centres worldwide

Min awarded the Nobel Prize for Economics

Min’s Nobel Prize citation“Professor Min Park Te Ua’s work has brought significant economic prosperity and social progress to both rich and poor societies alike…

“ …by pioneering business skills that enable small organisations to participate fully in the global economy, she has helped hundreds of millions of people fulfill much more of their potential.

“Her work is distinguished by its intellectual rigour, its creativity, its practicality, its accessibility to people…

“…and above all by its profound and fresh insights into the human relationships at the heart of economic & social progress.”

The way we are - 6How many Nobel prizes have Kiwis won?

Answer: Type in a number

Previous NZ Nobel Prize winnersErnest Rutherford, Chemistry, 1908

Nine of his students went on to win Nobel Prizes

Maurice Wilkins, Physiology or Medicine, 1962The “Third Man”...partner to Watson & Crick on DNA

Allan McDiarmid, Chemistry, 2002

McDiarmid Centre for Advanced Materials and

Nanotechnology, Victoria University, world leader

33 NZ scientists out of 4,000 on UN’s IPCC + Al GoreNobel Peace Prize for climate change science, 2007...including David Wratt of NIWA

…and a story from way back

In May, 2006, 10 teams of NZ school studentsset off to Colorado

To join 250 other teams, 2,000 competitors,10 countries at the…

International Finals of the Future Problem Solving Competition

…a storyAfter 4 days’ competition, teams from Auckland, Nelson, Tauranga, Whangarei, Kerikeri, & Matamata won prizes:

Category awards: 4 x 1st; 1 x 2nd

Overall awards:Middle Division (Year 11):

1st: Diocesan School for Girls, Auckland5th: Tauranga Intermediate School

Senior Division (Year 13):3rd: Rangitoto College, Auckland

Why?“Because they think differently...…and attracted a lot of attention for doing so”

…a storyOne of those DioGirls in 2006…

…was Min

You were only 15 years old at the time

…the Park family had been immigrantsfrom South Korea only 7 years before

Life was hard…good jobs scarce in the early years

But now you all are so much a part of New Zealand

…especially you, with your great work

…and marrying Haare Te Ua, of Ngati Porou

Welcome to all your whanau!

AgendaThe way we are

The way we were

Global collapse 2009-12

Our rebuild

Min and our mini-multinationals

Our genius

The way we are - 7In the past 20 years, what was your biggest business breakthrough?

Answer: Type in your breakthrough

The way we are - 8Looking back over the past 20 years,which factorswere game-changers for New Zealand?

Answers: Type in a few factors

Our genius…is our creativity & originality

NOT believing so was our biggest,most-repeated mistake

We imposed unmodified foreign models

But when we devised uniquely right solutions

…for who we are…what we are…where we are

When we are true to our genius…in business & society

…when originality informs, enlivens all we do...

We’re brilliant...

Our genius

We’re world class