Business BVI

BVI Global: Reimagining the BVI Economy

The Greek philosopher, Heraclitus, is quoted as saying "change is the only constant in life." After what has been a generation of relative geopolitical calm, stretching back to the fall of the Berlin Wall in the late 80s, the world is taking a decidedly populist, authoritarian strongman-like turn to the right in its politics. This shift seems to be driven by economic dislocations and widening disparities of wealth, both unfortunate outgrowths of globalization.With this rightward shift has come a huge dose of global uncertainty in many spheres of life. Without a doubt, 2016 will be recorded as the year when this period of uncertainty reached a tipping point in the minds of many. Further consolidation is surely expected to continue into 2017, especially in Europe.

The dominant topline manifestations of this uncertainty are; the in-your-face Brexit decision by voters in the United Kingdom, the election of Donald Trump as the 45th President of the United States, the growing rise of the right across Europe especially in France, the Netherlands, Poland, and increasingly in Germany, coupled with the rising angst about globalization in the West. Underpinning this has been the sustained sclerotic pace of economic growth in the vast majority of the global community.

On the local front, 2016 has been a year when the BVI has been buffeted by significant challenges to our financial services sector, influenced by derivatives of the same fierce currents reshaping the global order. Principal among these have been the shock of the Brexit decision and the inherent long-term attendant fallout, before that the Panama Papers and Beneficial Ownership, and the now unfolding Trump era. The rising angst about globalization must not be underestimated given how the BVI has advanced and benefited from globalization. It has been the propellant that had fueled the jurisdiction’s rise to the global stage in the offshore space.

No man is an island. These external pressures are fast-forwarding of the evolution of the BVI economy, a process which has been underway for sometime, albeit on a low boil. It is clear that the local economy is changing and the principal challenge facing the territory in this regard is how do we reposition the BVI to competitively keep pace with this change and thus accrue long term benefits from what is inevitable change.

We have deliberately selected the theme for January’s conference: BVI Global: Reimagining the BVI Economy, which is intended to focus our attention as a territory on the need to take a deeper look at our economy with a broader horizon in mind. This is a timely relook, designed to ensure that we keep top of mind the critical role a competitive economy plays in ensuring the quality of life we enjoy.

A defining element in the architecture of the global economy is its hyper competitive nature. Essentially, you compete or you stagnate.The BVI differential advantage as a small producer must be to focus on producing a super premium product across our economy, always attuned to the demands of the global marketplace. This must be the new foundation for continued economic stability and sustainable growth. It must apply to the current twin pillars of the economy and also to areas of opportunity for possible diversification such as medical tourism, technology, research, fishing and other yet to be identified areas economic activity. The core idea will be to look at diversification broadly, firstly within the tourism and financial services space, while also raising our gaze beyond those two key sectors to include what could be considered informed of ‘moon shots.’

To inform the discussions, we are sourcing a number of high-level thinkers, speakers who will be able to look at the topic with a fresh pair of eyes and focus. To date we have secured the following lead speakers; Anja ManuelCo- Founder and Partner, RiceHadleyGates LLC and Author of This Brave New World – India, China and the United States; Dr. the Honourable D. Orlando Smith, OBE, MHA, Premier and Minister for Finance of the British Virgin Islands; Dan Mitchell, Senior fellow at the Cato Institute, Washington DC; Brendan Coolidge Monaghan, Publisher and Chief Revenue Officer, Conde Nast Traveler; Mark Pragnell, Head of Commissioned Projects, Capital Economics Ltd, London; and Carson Wen, Chairman of Bank of Asia (BVI) Limited.​ ​More speakers will be added.

Please join us for a day of top level presentations, frank discussions and globally informed debate on what is required to successfully re-imagine the BVI economy in today's tumultuous times. From those in the financial service sphere; lawyers, accountants, investment advisors, administrators, regulators; to those in the tourism space; hoteliers and villa owners, restaurateurs and caterers, leisure operators, drivers; to those outside the twin pillars; budding entrepreneurs, tech disruptors, realtors, personal trainers, doctors, nurses, private care providers, retailers and others - there are opportunities for all to be discovered at
BVI Business Outlook 2017
; do not miss out.

Business BVI

January 18, 2017 | 8:00 - 18:00

8:00AM: Ferry leaves Trellis Bay

8:15AM – 8:40AM: Collection of Badges – Coffee & Tea

8:40AM – 8:45AM
Welcome Remarks
Russell Harrigan
Managing Editor, Business BVI

8:45AM – 9:15PM
A Conversation With:
Dr. the Hon. D. Orlando Smith, OBE, MHA
Premier and Minister for Finance, British Virgin Islands

9:15AM – 9:30AM
What’s Trending? Global Round Up:
Russell Harrigan
Managing Editor, Business BVI

MORNING CONVERSATION – Global Uncertainty: A Geopolitical Recession?

9:30AM – 10:00AM
Keynote Address:
Anja Manuel
Co-Founder, RiceHadleyGates LLC
Author, This Brave New World – India, China and the United States

In the next decade and a half, China and India will become two of the world’s indispensable powers—whether they rise peacefully or not. During that time, Asia will surpass the combined strength of North America and Europe in economic might, population size, and military spending. Both India and China will have vetoes over many international decisions, from climate change to global trade, human rights, and business standards. From her front row view of this colossal shift, first at the State Department and now as an advisor to American business leaders, Anja Manuel escorts the reader on an intimate tour of the corridors of power in Delhi and Beijing. We wring our hands about China, Manuel writes, while we underestimate India, which will be the most important country outside the West to shape China’s rise.
How do we position the BVI to benefit economically from this shift? At Business BVI we believe that it begins with a development of a global strategy that is less Eurocentric and far more Asiacentric.

10:00AM – 11:15AM
Panel Discussion: Globally Gathering Storms? Reading the Tea Leaves

The Greek philosopher, Heraclitus, is quoted as saying “change is the only constant in life.” After what has been a generation of relative geopolitical calm, stretching back to the fall of the Berlin Wall in the late 80s, the world is taking a decidedly populist, authoritarian strongman-like turn to the right in its politics. This shift seems to be driven by economic dislocations and widening disparities of wealth, both unfortunate outgrowths of globalization. With this rightward shift has come a huge dose of global uncertainty in many spheres of life. Without a doubt, 2016 will be recorded as the year when this period of uncertainty reached a tipping point in the minds of many. Further consolidation is surely expected to continue into 2017, especially in Europe. The dominant topline manifestations of this uncertainty are; the in-your-face Brexit decision by voters in the United Kingdom, the election of Donald Trump as the 45th President of the United States, the growing rise of the right across Europe especially in France, the Netherlands, Italy, Poland, and increasingly in Germany, coupled with the rising angst about globalization in the West. Underpinning this has been the sustained sclerotic pace of economic growth in the vast majority of the global community. What does this all mean for an ultra microstate like the BVI and its two-pronged economy, which is clearly in transition? Is economic grow still possible for the BVI? Where should we be looking for new economic opportunity? Are we ready for the Trump + Brexit era, both of which could last 8 years plus?

Moderator:
Russell Harrigan, Managing Editor, Business BVI

Speakers:
Anja Manuel, Co-Founder, RiceHadleyGates LLC, & Author, This Brave New World – India, China and the United States
Daniel Mitchell, Senior Fellow, The CATO Institute, Washington DC
Carson Wen, Chairman, Bank of Asia, Hong Kong
Mark Pragnell, Head of Commissioned Projects, Capital Economics Ltd, London

11:15AM – 11:40AM
Coffee Break & Book Signing by Anja Manuel

PRE- LUNCH /AFTERNOON CONVERSATION: Reimagining the BVI Economy

11:45AM – 12:45AM:
Panel Discussion: The Changing Entrepreneurship Scene in the BVI

The local economy is changing and the principal challenge facing the territory in this regard is how do we reposition the BVI to competitively keep pace with this change and thus accrue long-term benefits from what is inevitable. In this regard, entrepreneurship and the creation of small businesses are critical to the future of the territory’s economy.

This Conversation is intended to look at the opportunities and the challenges, which confront local entrepreneurs daily in their quest to keep pushing forward and growing the economy.

Moderator:
Portia Harrigan, Lady Sarah’s & Lady Sarah’s Farms, BVI

Speakers:
Julien Johnson, Owner, Island Time Power Boat Rentals
Quito Rymer, Owner, Quito’s, BVI
Avaline Potter, CEO, A.R. Potter & Associates, BVI
Amanda Georges, Entrepreneur, Frangipani

12:45PM–1:45PM: LUNCH

1:45PM–3:00PM
PANEL DISCUSSION: Reimagining the BVI Economy

For the BVI, 2016 has been a year when the territory has been buffeted by significant challenges to our financial services sector, influenced by derivatives of the same fierce currents reshaping the global order.

No man is an island. These external pressures are fast-forwarding of the evolution of the BVI economy, a process that has been underway for sometime, albeit on a low boil. We must reposition the BVI to competitively keep pace with this inevitable change and thus accrue long term benefits. We have deliberately selected the theme: BVI Global: Reimagining the BVI Economy, intended to focus our attention as a territory on the need to take a deeper look at our economy with a broader horizon given the critical role a competitive economy plays in ensuring the quality of life we enjoy.

A defining element in the architecture of the global economy is its hyper competitive nature. Essentially, you compete or you die. The BVI differential advantage as a small country, must be to focus on producing a super premium product across our economy, attuned to the demands of the global marketplace. This must be the new foundation for continued economic stability and sustainable growth. It must apply to the current twin pillars of the economy and also to areas of opportunity for possible diversification such as medical tourism, technology, research, fishing and other yet to be identified areas economic activity. The core idea will be to look at diversification broadly, firstly within the tourism and financial services space, while also raising our gaze beyond those two key sectors to include what could be considered informed of ‘moon shots.’

Moderator:
Russell Harrigan, Managing Editor, Business BVI

Speakers:
Brendan C. Monaghan, Publisher and Chief Revenue Officer, Conde Nast Traveler, NY
Gary Hales, Head of Business Development
David Vincent, David Vincent MD, FACS, Founder, The Atlantic Clinic
Wayne Yang, Head of Private Banking and Wealth Management, Bank of Asia

Scott Weisman, Chairman, BVI Airways

COFFEE BREAK AT LEISURE

3:00PM–4:15PM
Presentations: BVI On the Move: Home Grown Solutions
- Medical Tourism - A TeleMedicine Demonstration by The Atlantic Clinic
- The Role of Think Tanks in the Formulation of Cutting Edge National Policy

4:30PM – 6:00PM: NETWORKING COCKTAIL RECEPTION, Hosted by TICO

6:00PM: Ferry Departs for Trellis Bay

Business Outlook
Business BVI
Anja Manuel

 

In the next decade and a half, China and India will become two of the world’s indispensable powers—whether they rise peacefully or not. During that time, Asia will surpass the combined strength of North America and Europe in economic might, population size, and military spending.

Both India and China will have vetoes over many international decisions, from climate change to global trade, human rights, and business standards.

From her front row view of this colossal shift, first at the State Department and now as an advisor to American business leaders, Anja Manuel escorts the reader on an intimate tour of the corridors of power in Delhi and Beijing. Her encounters with political and business leaders reveal how each country’s history and politics influences their conduct today. Through vibrant stories, she reveals how each country is working to surmount enormous challenges—from the crushing poverty of Indian slum dwellers and Chinese factory workers, to outrageous corruption scandals, rotting rivers, unbreathable air, and managing their citizens’ discontent.

We wring our hands about China, Manuel writes, while we underestimate India, which will be the most important country outside the West to shape China’s rise. Manuel shows us that a different path is possible—we can bring China and India along as partners rather than alienating one or both, and thus extend our own leadership in the world.

Business BVI
Mark
Aveline
Carson
Amanda
Brendan
Daniel
David
Michael
Quito
Wayne
Juliene
Gary

Additional speakers to be announced

Business BVI

Platinum

Bank of Asia

Co-Sponsor

BVI Toursim Board BVI Toursim Board

Presenting Partners

Finance Finance

Partner

Finance The Atlantic Clinic Ocean Conversion
Peter Island Resort Tico Grape

Contact Us

P.O. BOX 3369, Road Town, Tortola, British Virgin Islands
Email: events@oysterbvi.com Phone: + 284 494 8011 Fax: + 284 494 3066

Sponsorship Opportunities
k.mullan@oysterbvi.com

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