Future Summit 2007: New World Order 2.0 was held on Monday 14 and Tuesday 15 May at the Grand Hyatt Hotel, Melbourne.
The Summit program centred on the concept of New World Order 2.0. This concept has emerged from various factors which were explained in the Summit Program as follows:
“There is unease that the world is in a fundamental transition for which we are not prepared. Power is being dispersed at several levels simultaneously with shifts in economic, geopolitical and societal power. This shifting power equation is not reflected in our global governance structures, with a lack of adequate responses as a consequence.”
This theme was explored through the following strategic sub-themes:
Economic power shifts: including the emergence of developing nations as serious economic competitors to developed countries; the geographic shift in economic growth towards Asia; the rise in protectionism; the move from multilateral trade agreements to bilateral deals; inequality in sharing the benefits of growth
Geopolitical power shifts: including the emergence of a multipolar world with Brazil, Russia, India and China joining theestablished powers such as the US, Japan and Europe and the increased leverage of commodity suppliers ie ‘petro-politics’
Societal power shifts: including the impact of the ongoing technological revolution; a power shift from organisationsto the networked individual (web 2.0 and web 3.0) and increasing pressure on corporations to respond to changing social needs and demands.
Climate change and inequality: these issues were also explored, following discussions held at the World Economic Forum in Davos, Switzerland in January 2007.
Leadership, ethics, values and entrepreneurship: these issues are always part of Future Summit programs
Some 2007 Future Summit Summit figures:
- 498 participants
- 118 panelists
- 216 interstate participants
- 26 overseas participants
- Close to 42 hours of discussion
Future Summit Patron: His Excellency Major General Michael Jeffery AC CVO MC (Retd), Former Governor-General of the Commonwealth of Australia.