SARUA CHANGE, COMPLEXITIES AND COMPETITIVENESS : IMPLICATIONS FOR HIGHER EDUCATION 9 JULY 2012 Professor Nick Binedell 1 2 We live in an era of large scale and rapid change, increasing technical and social complexity and significantly more competition. 3 We live in an era of large scale and rapid change, increasing technical and social complexity and significantly more competition. Is this true?…. And if it is, should it lead to fear or hope? 4 5 6 7 GLOBAL ECONOMIES (PPP + Population) USA $14 trillion 370 m EU Japan $15 trillion $4.15 trillion 500 m 120 m China $70 trillion 6,8 bn India $ 3.5 trillion $8.8 trillion 1.1 bn 1,3 bn Latin America South East Asia $ 6 trillion $1.5 trillion 550 m 593 m Sub-Saharan Africa $ 1.7 trillion 850 m 8 9 10 11 12 13 14 15 DIVERSITY IN THE GLOBAL ECONOMY… USA Market based system Ethnic diversity Young nation (300 years) Technological capabilities Global cultural reach Immigration EUROPE JAPAN Definition of Europe Multi ethnicity Difficult demographics Two speed Europe? Financial stability Social market system Aging population Gender Inward orientation Economic stagnation Adapted from Stephen H Rhinesmith All who work internationally or who need to deal across national boundaries face many cultural, political and economic differences DIVERSITY IN THE GLOBAL ECONOMY… CHINA Rapid economic development Size of population Demographic challenge Rule of law Party mandate Form of political economy INDIA BRAZIL Population Young demographics Generational differences ICT English language Emerging status Improving stability Infrastructure lag Inequality Establishment of identity Emerging global player Adapted from Stephen H Rhinesmith All who work internationally or who need to deal across national boundaries face many cultural, political and economic differences DIVERSITY IN THE GLOBAL ECONOMY… RUSSIA UAE SOUTH AFRICA Turbulent history 11 time zones Resources based economy Emergent democracy Identity ? Gulf States Authoritarian rule Challenge to leadership Vision and drive Regional hub Political transformation Race and Identity Raw material economy Africa ? Adapted from Stephen H Rhinesmith All who work internationally or who need to deal across national boundaries face many cultural, political and economic differences 19 20 ASIA 21 China 1 200 Mil 22 “Without successful political structural reform, it is impossible for us to fully institute economic structural reform and the gains we have made in this area may be lost” Wen Jaibao Source : Financial Times, 15 March 2012 CHONGQING 24 25 26 27 28 29 30 31 32 AFRICA 150m $2500 600m $600 50m $3500 33 34 CONNECTIVITY AFRICA COUNTRY CELLPHONES INTERNET USERS FACEBOOK USERS EGYPT 71.4m 21.6m 9.3m NIGERIA 90.5m 45m 4.3m SOUTH AFRICA 50.3m 5.3m 4.8m SOURCE : www.internetworldstats.com 36