The program commenced with a welcome speech by NCCI Secretary General Søren Kannik where he introduced Professor Møller to NCCI members and guests. The theme of the program was based on Professor Møller’s latest book on How Asia can shape the world. The presentation started with a deep analysis of the key facts and figures related with the World Economy. The topic was approached from varied perspectives.

The Asian economy has experienced tremendous growth and is expected to overtake the US & Europe in the next 15-20 years. The world is going through a transition where Asia will play a supreme role in shaping the world economy. Professor Møller analysed the future roles of Asian countries and Western economic policies. His book describes how Asia can shape the world economy. Nevertheless, it doesn’t say How Asia will.

Global superpower is fading away. US economic has failed and it no longer delivers answers or solutions. US will continue to dominate for another 20-30 years. However, it has lost confidence and will not exercise its power. EU economic model is better that US and is restoring confidence by cutting deficits. The problem is the lack of central fiscal mechanism plus lack of single market for financial institutions plus rigidities in mainly South European countries. EU debt/deficit is much better than the U.S., Japan, and Britain. In the next 20 years, the person in command will be NOIC – No One in Charge

The future belongs to Asia as per many people but Asia also has its share of problems and challenges. However, will Asia be the leader – It depends upon the decisions of the Asian policy-makers and the change in Asia’s population. According to Professor Møller, the world is dominated by mass communication rather than mass consumption. The world is moving into an era of scarcities in terms of resources, commodities, energy, which will lead to transform the way production and consumption is being done currently. Ideally, there has to be more output from one unit of input. Asia will be at the forefront of bringing a brand new economic model because this problem will be experienced first and strongest in Asia due to the huge population growth. The Asians will respond to the challenges, and modern model will be built upon traditional Asian methods and philosophies. The world will transit from Industrial age to a new age.

Professor Møller noted that we would move from mass consumption to mass communication, where knowledge is the most important factor. Nations benefiting from knowledge revolution are those who have open accessible information. The available data can be used for economic revolution. Closed societies are unlikely to have any innovation. Knowledge can simply enhance productivity if it is shared. It can only be shared by working in groups and communities with a stronger degree of common and shared values. This will lead to change in geo-political systems. Nations will have to do burden-sharing in the future.

The main threat for Asia will come from inside. The biggest challenge will be to provide social stability, job creation and sustain growth in order to maintain peace and prosperity. The world is not flat rather spiky. All technological innovation takes place in selected cities and regions. McKinsey Global Institute report on “Urban world: Mapping the economic power of cities” ranked eight Asian cities in the list of 50 global cities ranked by GDP. In 2025, the list will feature twenty Asian cities.

Professor Møller highlighted that supply chain will transform from vast to compact due to the rising oil prices. Production facilities will be close to the consumers. Sourcing from Asian countries is cheap but when taking transport cost into consideration, sourcing will become expensive. British retailer Marks & Spencer plans to overhaul its supply chain by stopping the purchase of supplies from one hemisphere to another, which may save the company GBP 175 million annually. Bangladesh is sure to benefit from this change since it is strategically located between two rising powerhouses – China and India.

Bangladesh is already established in labour intensive, low cost manufacturing with a good workforce. Despite the positives, there are challenges too. The two key areas of focus are – education & Infrastructure. Bangladesh must focus in boosting its education system and develop the workforce further. People should be turned into assets. Bangladesh needs to make an effort in improving and developing its infrastructures. Good governance and adequate infrastructure will definitely attract investors. Maintaining stability and confidence in the economy and political system is also crucial. Bangladesh can be the driver of Asian integration so that the markets continue to grow. Economic integration leads to multi-laterize relations with other nations. Bangladesh will face a promising future by making efforts in this area.

Following the presentation, Q&A session took place between the speaker and the audience. The program concluded with a vote of thanks from NCCI Secretary General Søren Kannik. The program was attended by Danish Ambassador Svend Olling, NCCI members and representatives of Nordic Embassies in Bangladesh. The program was sponsored by Damco, Arla and H&M.

The Novo Nordisk Changing Diabetes® in Children (CDIC) programme inaugurated its so far largest clinic for children with type 1 diabetes in Dhaka, Bangladesh on 17th March 2012. Launched in 2009, the CDIC programme aims to establish diabetes care for children in developing countries, while providing free of charge insulin to all children enrolled for the programme period.

The clinic was formally opened by HRH Crown Prince Frederik, who was accompanied by the Danish Ambassador Svend Olling, Prof Azad Khan, President of Diabetic Association of Bangladesh (BADAS) Jesper Høiland Senior Vice President, Novo Nordisk’s International Operations, Sanjeev Shishoo, Vice President BAOS, amongst others.

The new clinic will expand the number of children in the CDIC programme significantly, improving quality of life for the children, their families, and ensuring a better future for these kids. The new facility is a part of Novo Nordisk’s 25 million USD commitment of changing diabetes in children in the developing countries said Mr. Sanjeev Shishoo, Vice President BAOS Region.

For Jesper Høiland, Senior Vice President of Novo Nordisk’ International Operations, activities in Bangladesh is of special importance:
“Currently 40 percent of all diagnosed people with diabetes who live in Least Developed Countries reside in Bangladesh. If we take into consideration the poor settings and the significant prevalence of diabetes, Bangladesh is an incredibly important country for us to learn how to work through partnerships to ease the lives of the more than 10 million patients here”, Jesper Høiland says.

The new children’s clinic includes four consultation rooms specifically dedicated to children and a new conference hall for the organisation of education sessions for the children and their families in the management of the diabetes. This is an important expansion of the physical space of clinic, which shortly will handle 800 children with diabetes and become the largest of more than 50 clinics currently established in the Changing Diabetes® in Children programme. The program also has two more clinics at Faridpur and Chittagong.

Dr. Bedwora Zabeen, Project In charge added that by the year end the program aims to have 1,500 children enrolled – equal to 15% of the Changing Diabetes® in Children programme’s target of 10,000 children in treatment by the end of 2014.

Currently in Bangladesh we are supporting along with BADAS and WDF 1100 children in 3 clinics across the country and would be spending nearly 30 Million BDT this year towards free insulin, healthcare professionals’(HCP) training, education costs, devices and strips, patient education and various administrative costs in Bangladesh added A. Rajan Kumar, Managing Director, Novo Nordisk.

The Diabetic Association of Bangladesh (BADAS) is a key partner on the Changing Diabetes® in Children programme in Bangladesh. A competent partner such as BADAS is essential in order to challenge the pandemic, and Novo Nordisk has worked with BADAS to improve care for and awareness of diabetes in Bangladesh for over 10 years.

About Changing Diabetes in Children®
The Changing Diabetes® in Children programme is a programme run by Novo Nordisk in collaboration with global private partners and local public partners. The programme aims to uncover an approach to address type-1 diabetes in children in the poorest countries in the world, by enrolling 10,000 children and providing care, by the end of 2014. The programme currently has 54 clinics in nine countries, and has published treatment guidelines for diabetes in children in the developing world.

About Novo Nordisk
Novo Nordisk is a global healthcare company with 88 years of innovation and leadership in diabetes care. The company also has leading positions within haemophilia care, growth hormone therapy and hormone replacement therapy. Headquartered in Denmark, Novo Nordisk employs approximately 32,500 employees in 74 countries, and markets its products in 179 countries. Novo Nordisk’s B shares are listed on NASDAQ OMX Copenhagen (Novo-B). Its ADRs are listed on the New York Stock Exchange (NVO). For more information, visit www.novonordisk.com

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