Media Centre

FDI Founding Director Meets Pakistani Leadership

During May 2008, Future Directions International (FDI) Founding Director Gregory Copley AM travelled to Pakistan and met with a number of key leaders and, amongst general discussions, reviewed the possibility of cooperation between FDI and several Pakistani think tanks. In Islamabad, Mr Copley met privately with key Pakistan Government officials, including President Pervez Musharraf, Prime Minister Syed Yousuf Raza Gilani, NationalPakistan Pres. Pervez Musharraf greets FDI Founding Director Gregory Copley at his Camp Office, in Rawalpindi, on May 22, 2008. Security Advisor to the Prime Minister Maj.-Gen. (rtd.) Mahmud Ali Durrani, and other key officials in the Foreign Ministry. He also lectured at Quaid-i-Azam University to doctoral students and faculty in the Department of Security and Strategic Studies, and met with faculty and leadership of two think-tanks, the Institute for Strategic Studies (ISS) and the Islamabad Policy Research Institute (IPRI), as well as with senior military and other officials.
 

The International Strategic Studies Association and its Defense & Foreign Affairs group, FDI’s Washington DC-based sister organisation, is planning the production of a major new study, the Defense & Foreign Affairs Handbook on Pakistan, which will be available later in 2008.


FDI Launches Australia 2050 Landmark Study at Parliament House in Canberra

On December 4, 2007, Future Directions International launched a major new study, Australia 2050, at Parliament House, Canberra which outlines the options and challenges for Australia into the middle of the 21st Century. One of the key issues identified in the study was that Australia would need to take greater control of its own destiny than ever before.

The study, subtitled “An Examination of Australia’s Condition, Outlook, and Options for the First Half of the 21st Century”, highlights strengths and shortcomings in Australia’s current strategic situation, and discusses options for the new Australian Government, and future Australian governments at state and federal levels.

Australia 2050: An Investigation Into Australia’s Condition, Outlook, and Options for the First Half of the 21st Century. By Gregory R. Copley, Andrew Pickford, and Barry Patterson. Melbourne, 2007: published by Sid Harta Publishers Pty. Ltd. for Future Directions International, Australia’s Centre for Strategic Analysis, in Perth. ISBN-13: 978-1-921206-83-2. 355pp, paperback; graphs, appendices. A$39.95. CD-ROM $19.95.

FDI Australia 2050 Landmark Study Launch Remarks

December 4, 2007: Australia stands at the commanding heights – perhaps the precipice – of a new age: a dramatically changing world. It is an era in which Australia as a nation will be tested in its physical and psychological self-reliance, its creativity and resourcefulness, its identity, and its values. Australians are clearly aware that everything which they hold dear is now in a state of movement. It is a time — and it will increasingly become a time over the coming few decades — for reflection, decision, and action, in a new world in which we must take the lead in our own survival and wellbeing as a nation-state. If any evidence was needed of Australia’s changing position, and the sense of Australians that we need to gird for a new age, then the elections of November 24, 2007, provided proof of the restiveness.

Australians have never until now consciously and comprehensively outlined who they and their nation are, and where, in specific historical terms, they wish to find themselves into the indefinite future. Australia 2050 is a landmark study of national significance which seeks to provide Australia with a framework for responding to future challenges. 

We have been preparing for this new epoch in Australian history, and, today, we at Future Directions International launch the findings of a study we have entitled Australia 2050. This study was designed to look at the world which Australia must inhabit until the middle of the 21st Century, and the areas on which Australians must focus if we are to successfully navigate a changing world.

This is not our fathers’ or our grandfathers’ century; this is distinctly a new global structure which has built on the old, and is the result of the old. To understand this new world, we must first understand how we arrived at it. Sir Winston Churchill said that the farther we look back into history, the farther forward we can see. Thus, our study has focussed heavily on the historical underpinnings of Australia, and the world system in which we must function.

Modern society has, with its constant pressures and pace, become preoccupied with the immediate. We, in this modern world, tend to focus on our short-term needs to a greater extent than in the past, and, ignoring history’s lessons and the broad context of global events, we tend to react to events rather than to plan for them. Australia 2050 attempts to create a breathing space in which we can once again evaluate ourselves and our situation, and to consciously plan for the future with the full benefit of an understanding of the past: our own past, and the past of the other national and international systems of governance and wellbeing.

Australia 2050 is not intended to provide a definitive, or prescriptive, passage to the future, but to open areas of debate and possible options.

The study was financed solely by FDI and its generous supporters, who come from all walks of Australian life and industry. FDI routinely undertakes landmark and ongoing studies on issues vital to Australia’s wellbeing. In late 2005, FDI’s study, Australia’s Energy Options, also launched here in the Federal Parliament building, opened up debate — and, gratifyingly, introduced terms of reference which are now part of the refreshingly open and broadly-based discussion — on all of the aspects relating to Australia’s future energy needs, and how society can adapt itself and technology within the framework of a transforming set of energy, environmental, and social realities. I would like to pay tribute now to the team of FDI researchers and contributors who have worked to make this new study meaningful, and to thank our generous financial supporters for helping to render a service to their fellow-Australians.

Australia 2050 is more strikingly fundamental, and an even more far-reaching document, than Australia’s Energy Options, our previous – and still valid – landmark study. Australia 2050 tries to present a balanced and contextual look at the world, and Australia’s place in it, over what will certainly be a tumultuous period in human history.

A significant number of these challenges will be derived from a global population which could approach 10-billion by 2050 — rising from only 2.5-billion in 1950 — with all of the attendant friction caused by the competition for survival and prosperity. Accurate forecasting of the future global condition is impossible, but it is important that attempts should be made to understand and analyse the forces which will be acting on the nation. A period of rapid change — caused by compounding technological evolution and the growth in human numbers, as well as the impact of altering climate, and growing urbanisation — will be evident during the 21st Century, almost certainly to a far greater degree than in the 20th Century. 

Australia will live in a world which will also be dominated by such factors as the stability of the People’s Republic of China and India, as well as by changes in Europe, North America, and elsewhere. Australia will need to chart a path which takes account of this changing global political, economic, and security environment, building new relationships and alliances, while preserving the old. Just as Australia’s relationships changed during the 20th Century, so, too, will they change during the 21st, but the requirement into the immediate future will be for greater self-reliance and leadership. 

Australia has been, and is, the “lucky country” in that it has been blessed with “wealth for toil”, often great toil. Indeed, it has been only Australians’ belief — their optimism – in their inherent good fortune which has helped them to weather the great hardships and vicissitudes wrought by nature and by man throughout their history as a modern society. In the same way, the original inhabitants — the people who, in this study, we now call “First Australians” — found an enduring life and cultures, finding harmony with nature for millennia before the arrival of European settlers. 

This study attempts to understand the shape which the world of the coming half century will take, and how Australia can best fit within it, preserving its identity, languages, culture, prosperity, and security. It is an attempt to prepare the nation for the great global transformations of the future. Australia cannot ignore, or escape from, this change. It will need to cope with change more than ever as a truly independent nation, navigating carefully between the often differing interests of its great trading and security partners. 

The study is broadly-based and interlocking. It deals with national identity and national objectives; with the “self-reliance” century we face; with issues concerning stability of governance, and therefore the way in which governance can adapt to emerging realities. It deals with national security priorities in the broadest as well as the narrow senses. It addresses infrastructure questions in the knowledge that the infrastructure we are building today is, to a great extent, the infrastructure with which we must live and work in 2050. It looks at the question of a necessary renewed commitment to productivity and excellence, which may ultimately be what, is necessary to separate Australia from its competitors and partners, and to give Australians the opportunity to shape their own destiny. It looks especially again at Australia’s energy options; at the role of the media; at Australia’s food and agricultural needs; and how we can exploit and consolidate our fortunate, but strategically vulnerable, position as a “resource economy”.

The study looks at Australia’s transforming geo-spatial needs; not just at our terrestrial footprint, and the requirement to look with some urgency at, for example, our Antarctic responsibilities and imperatives, at the Indian Ocean, the Pacific, and the vital sea lanes of Australia’s security and wellbeing, as well as at our growing dependence on outer space for our communications and security.

Australia 2050 goes into some depth on the current circumstances of the First Australian communities and their significant role in our past and our future. The study looks, too, at the new global economic framework which is emerging. And, given that the underlying proposition of Australia 2050 is driven by the massive global change in population numbers and dispersal, at Australia’s population requirements, and how Australia’s population numbers will, or may, play out before the global human population levels themselves peak, and begin — as we believe they will — to decline. Within this context, the study looks at the factors required for considering a national population strategy, so that we move from an ad hoc, de facto strategy to one which is considered, and accords with national needs.

The study addresses language, and the role it will play in determining our identity and values in the future. It dwells on the reality of the earth’s history that climate changes occur constantly and cyclically, and how we must address the current and anticipated transforming climate reality which challenges our productivity and the nature of our survival now, and into the future.

Achieving the goal of self-reliance, security, prosperity, and the retention of Australia’s social attributes will require the evolution of appropriate governance structures, bearing in mind the almost unparalleled history of success and stability which has attended the constitutional framework of Australia since Federation. Achieving the kind of nation which will continue to inspire creativity, productivity, and harmony will demand an investment in the social dimensions of identity and social cohesion, a continual evolution of the national agricultural base, an ability to add value to the nation’s immense resource base through innovative and efficient research and manufacturing, through excellence in education, and through an active media framework. 

Australia was among the first modern economies to abandon tariffs and protectionism, and this, along with advances in labour practices, pushed Australian innovation and productivity into a position of greater excellence. This process of free trade, innovative and flexible labour and management, and the creative use of capital, will need to continue to be the hallmark of the Australian example. And yet this does not mean that Australia should forsake the development and retention of its national security industrial base. A free market, anti-protectionist economy does not preclude a measure of prudence in the retained ability to ensure delivery of national security systems to our Armed Forces. If defence and national security were a free market situation, then why not merely hire cheaper foreign mercenaries to replace highly-trained and expensive Australian troops? In the same light, a measure of commitment to a retained scientific and industrial base — to provide the critical tools for defence — is equally important for national security.

Australia can indeed shape a future which is as promising and bright as its first century of independent growth, and the preceding century of colonial construction. But it cannot do so without planning or introspection. This study is a step along that path to introspection and global situational awareness, and it outlines areas of fundamental concern and essential consideration. Australia 2050 represents, we hope, a series of valid and serious opening points in a debate which should energise the entire nation and our newly-elected generation of national leaders and their policy advisors. Indeed, as I said earlier, this study is only a starting point for debate, not a finite or prescriptive list of conclusions. We have, with this study, worked with a national book publisher, Sid Harta Publishers, to ensure that it is available in bookstores throughout Australia, so that it is accessible to all Australians.

Within all this research and analytical material, it will be discovered that the outlook for Australia is bright, despite the reality that the challenges of the coming half-century will be titanic and testing. Australians are equal to the task, strengthened by sagas of the great stamina and stoicism of their pioneering forebears over the past centuries. But now is the time that we must think upon this future we face, and how best we can master it.
 

FDI Researcher Contributes to The Diplomat 

Robert Vurens van Es, FDI Research Assistant, has reviewed the impact of Sovereign Wealth Funds on the international system. In a web feature of The Diplomat Mr Vurens van Es outlines the challenges Australia faces in dealing with this new phenomenon.

“The ‘credit crunch’, which occurred in global financial markets during August 2007, again highlighted the potential for volatility to have global repercussions. The sub-prime lending crisis in the US, has led substantial uncertainty regarding the cost of money and the prices of assets around the world. For increasingly powerful Sovereign Wealth Funds (SWF), this type of market volatility, and its consequences, may prove an opportunity to generate wealth and acquire strategic assets, as well as a catalyst for a SWF behavioural shift to become a more aggressive player in the quest for assets. Indeed, utilising cheap capital through SWFs, national interests may be pursued by predatory strategic investments in assets both indirectly, via private equity, or directly through public stock exchanges.”

For the full article see: Geo-finance & geo-politics: Market Volatility, Strategic Assets and Sovereign Wealth Funds

FDI Research Team Review Country Risk Methodologies in Risk Management Magazine

Future Directions International (FDI) Research Manager Andrew Pickford and FDI Research Assistant Robert Vurens Van Es review the issues associated with geopolitical risk analysis for resource projects in the magazine Risk Management. Risk Management is published monthly in a news magazine format and is a source of news, analysis, opinion and advice for business leaders and risk professionals in Australia.

In “Risk management in practice: political risk in frontier resource projects”, Andrew Pickford and Robert Vurens Van Es noted:

“Shifts in global conditions are changing the acceptance rate for international resource projects. Major projects, unviable as recently as two to three years ago, are now attractive investments. Rising prices in commodity markets, strong demand growth from China and increasingly India, combined with limited mineral and energy prospects in developed nations, have caused resource companies to look to a new geographical frontier for mining and energy projects. This frontier – in places where mineral or energy exploitation has not previously occurred, or was deemed too remote, dangerous or difficult – is not well understood and faces a number of issues including changing agendas of governments, the presence of separatist groups, ethnic and cultural conflict, and civil war. The new frontier is complex and introduces an element of risk for investors which management must consider.”

For the full article see:
Risk management in practice: political risk in frontier resource projects