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Government Innovation Highlight of the Day: Global Mega Trends


May 19, 2014

Doug Hadden, VP Products

I’m looking forward to an analysis of global mega tends today at the 28th. Annual International Consortium on Governmental Financial Management (ICGFM) conference in Miami. Presenters Trevor Davies and Mark Fitzgerald, Principal, International Development Assistance Services of KPMG have done some interesting work on the subject. Many countries have devised long-term development objectives for 2020, 2025 or 2030. Trevor and Mark are focused on 2030.

The impact of rapid urbanization with high youth unemployment is a global challenge. Davies calls this a “lost generation” who destabilize countries.

Davies sees “a disconnect between outcomes and intentions”‘in development projects. “At what point are you learning lessons and feeding those lessons back into the project? If you begin a project in 2013, you would not learn lessons from it until 2021. So the results are slow to arrive, and when they do, they are considered out of date. A donor will say: ‘Well, yes, that project was flawed, but we don’t use that framework anymore.'”

Follow @freebalance and #icgfm14 on Twitter for real-time updates on the conference. Check out our curated tweets on our Storify account.

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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.

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