Mercers’ School Memorial Professor of Commerce Michael Mainelli

“New Learning”

Barnard’s Inn HallHolbornLondon EC1N 2HH

Tel: +44 (0)20 7831-0575Fax: +44 (0)20 7831-5208Email : [email protected]

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© Gresham College2008

Mercers’ School Memorial Professor of CommerceMichael Mainelli

Save The WorldA Commercial Break

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Outline

“Get a detailed grip on the big picture.”Chao Kli Ning

The price of fish

Wicked problems

Collaborate or collapse

Market limits

Whatever works

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The Price Of Fish

[Source: http://www.tribuneindia.com/2004/20040622/nation.htm]

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Giant Yellow Croaker

[Source: http://news.sohu.com/20070403/n249151441.shtml]

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Global Risks

[Source: Center for Hazards and Risk Research at Columbia University, 2005.Natural Disaster Hotspots: A Global Risk Analysis.]

Global Distribution Of Flood Risk - Mortality

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Rethinking Global Risks

Disinform

ation EASE

IMPACT

High

Low

HighLow

Ignore

DoRe-think

Marginal

Informatio

n

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Wicked Problems

[Source: http://www.sandia.gov/news/resources/releases/2007/wickedproblems.html]

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Wicked Solutions

[Source: Crisis and Risk Network, Swiss Federal Institute for Technology]

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Not Just Government, Aid Or Gods

[Source: Church of the Flying Spaghetti Monster]

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Collaborate or Collapse

Participants

Methods

Outcomes

Principles

[Source: http://www.chrishiggins.com/blog/archives/000238.html]

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Participants

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Methods

Knowledge

Markets

Standards

Policies

[Source: http://www.epa.gov/OGWDW/methods/images/mssc0009.jpg]

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Risk

Reward

Likelihood

Communitarian

Service Delivery

Changing Systems

Expanding Frontiers

Outcomes

[Source: Z/Yen Group]

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Method/Outcome

Knowledge Markets Standards Policies

Expand Frontiers

fisheries research

commercial R&D,

fish futures

standards research,laboratory

skills

laws of the sea,

conservation zones

Change Systems

direct consumer

information – SASSI’s FishMS

texting in South Africa

individually tradable quotas,

microfinance, new

insurance products

Marine Stewardship

Council,accreditation,

e.g. ISEAL

eliminating subsidies and

guarding assets, e.g. activation

certificates

Deliver Service

open source software and

data

online fish markets,

fishermen’s mutuals & co-

ops

ISO9000, industry/food

/safety

standards

certification requirements

for government

contracts

Build Community

benchmarking, shared facilities

industry & community guarantee schemes

voluntary labelling

government communicatio

n projects, e.g.

academics and business

Framework Example - Fish

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Participants

Global Risks & Opportunities

Principles

Methodsmechanism 1

mechanism 2

mechanism 3

.

.

mechanism n

Principlescommunication, contribution, consensus, commitment, cooperation

Outcomes

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Efficient, Sustainable Markets

Tsujiki Fish Market[Source: http://andrewmcblog.com/2006/04/tokyo-tsujiki-fish-market-639am.html]

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Market Limits

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Whatever Works

“It doesn't matter if a cat is black or white, so long as it catches mice.”

不管黑猫白猫 ,会抓耗子的就是好猫

[bú guǎn hēi māo bái māo,huì zhuā hàozi de jiù shì hǎo māo]

Deng Xiaoping

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Discussion

1. Participants: Who identifies risks that warrant collaborative response?

2. Methods: What succeeds or fails?

3. Outcomes: How can success be measured?

4. Principles: What rules yield social benefits yet bestow commensurate commercial rewards? [Source:

http://environmentdebate.wordpress.com/2008/01/13/gl

obal-risks-2008/]

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Save The WorldA Commercial Break

Thank you!

“Get a big picture grip on the details.”Chao Kli Ning

Documents

Mercers’ School Memorial Professor of Commerce Michael Mainelli