Michael AndrewKPMG Global Chairman

GCF 2012“The Entrepreneurship Imperative”

21-24 January 2012

West•Budget strains

•Decreasing tax revenues

•Torn social safety nets

•Massive stimulus spending

•High debt levels

•Need to jumpstart growth

East• Population growth

• Urban development

• Strain on natural resources

• Demand for energy

• Climate change/sustainability

• Need to sustain growth

Governments are facing unprecedented challenges:

Problem solving demands transformation, risk taking, entrepreneurial thinking

Economic necessity Positive choice

Today, governments focused on:

cost reduction AND efficiency AND strategic transformation.

Entrepreneurial models are driving major changes in…

• the way public services are funded and delivered…

• the relationship between governments and citizens…

• the relationship between business, governments and regulators

• and the relationships between governments and trading zones.