(uplifting music)
-: Today's economic situation
is riddled with much uncertainty.
Much like flying through a fog,
there's a potential bright destination on the other side
but it's not always visible in the moment.
Business and government leaders
face the challenges of this fog at multiple levels.
Geopolitics, conflict,
inequality, climate change,
the lingering effects of pandemic and inflation.
The key questions for strategists
and policy makers around the world
is, "How do you secure future economic growth
and generate good employment opportunities?"
The answer lies in our method
of delivering impact at scale sustainably.
Three steps: think big, start small, scale fast.
When in doubt, use this method
to help recover economic growth,
no matter how dense the fog may be.
Thinking big requires countries
to have an economic value proposition.
This is a thorough assessment
of one's country's current strengths and future prospects.
And to double down on your strengths,
the factors that make you attractive to talent,
to businesses, and to capital investment,
enhance them.
Next comes starting small.
Implementing your ideas
through one or more catalytic specialist areas, or CSAs,
every nation has a few economic growth points,
often in naturally endowed areas, like metropolitans,
where opportunities naturally come together.
CSAs act as a growth engine to help absorb economic shock.
Finally, comes the time to scale fast.
A CSA cannot stay small forever.
You need a plan that can be implemented despite constraints.
That means taking into account
infrastructure, human capital, and financial gaps,
and an execution plan that overcomes them
with creative use of existing and new technologies.
By scaling fast, the country accelerates
its own most productive, distinctive activity.
Therefore, the path forward need not be fraught
with pessimism nor fear.
No matter what happens, one thing is settled.
The need for national economic strategies
will grow more urgent over the coming years.
A country that keeps its nose up,
engaging optimistically through the economic
and geopolitical fog,
working pragmatically to build its innate strengths
and opportunities will, we believe,
emerge stronger than it was
before any of these crises began.
Thank you.