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<br /> MAGAZINE OF THE YEAR<br /> FEBRUARY 2013 | ICAEW.COM/ECONOMIA ISSUE 13 | INTELLIGENCE AND INSIGHT<br /> *<br /> KLAUS SCHWAB<br /> DAVOS 2013<br /> JOHN FUND<br /> THE WEST’S DECLINE<br /> GORDON BROWN<br /> GLOBAL SOLUTIONS PLUS<br /> DENNIS NALLY<br /> PUT TALENT FIRST SHARE<br /> BUYBACKS<br /> NICK LAND AUDIT<br /> A NED’S LIFE EXEMPTION<br /> SOCIAL STOCK<br /> EXCHANGE<br /> PRUDENT<br /> VALUATION<br /> Straight<br /> talker<br /> Robin Freestone, Pearson group CFO<br /> and chair of the Hundred Group, on how<br /> to impr<a title="economia_Feb page 1" href="http://viewer.zmags.com/publication/90f7acee?page=1"> MAGAZINE OF THE YEAR FEBRUARY 2013 | </a> <a title="economia_Feb page 2" href="http://viewer.zmags.com/publication/90f7acee?page=2"> </a> <a title="economia_Feb page 3" href="http://viewer.zmags.com/publication/90f7acee?page=3"> </a> <a title="economia_Feb page 4" href="http://viewer.zmags.com/publication/90f7acee?page=4"> YOUR COMPLETE OFFICE IN THE CLOUD. Developing so</a> <a title="economia_Feb page 5" href="http://viewer.zmags.com/publication/90f7acee?page=5"> The UK deserves a more professional banking </a> <a title="economia_Feb page 6" href="http://viewer.zmags.com/publication/90f7acee?page=6"> BROADBAND IS BROADBAND IS BROADBAND, RIGHT? WRONG</a> <a title="economia_Feb page 7" href="http://viewer.zmags.com/publication/90f7acee?page=7"> ECONOMIA Contents February 2013 KATE PETERS</a> <a title="economia_Feb page 8" href="http://viewer.zmags.com/publication/90f7acee?page=8"> LIKE YOU, WE'RE EXPERTS IN OUR FIELD In competiti</a> <a title="economia_Feb page 9" href="http://viewer.zmags.com/publication/90f7acee?page=9"> ECONOMIA ICAEW in this issue Some of the ex</a> <a title="economia_Feb page 10" href="http://viewer.zmags.com/publication/90f7acee?page=10"> UNLOCK THE POTENTIAL IN YOUR PEOPLE When the next</a> <a title="economia_Feb page 11" href="http://viewer.zmags.com/publication/90f7acee?page=11"> ECONOMIA Contributors EDITORIAL ADVISORY </a> <a title="economia_Feb page 12" href="http://viewer.zmags.com/publication/90f7acee?page=12"> </a> <a title="economia_Feb page 13" href="http://viewer.zmags.com/publication/90f7acee?page=13"> </a> <a title="economia_Feb page 14" href="http://viewer.zmags.com/publication/90f7acee?page=14"> In review The stories that matter most from the m</a> <a title="economia_Feb page 15" href="http://viewer.zmags.com/publication/90f7acee?page=15"> THE AUDIT £3m the amount of damages J</a> <a title="economia_Feb page 16" href="http://viewer.zmags.com/publication/90f7acee?page=16"> THE AUDIT Good news bad news Dublin Ireland</a> <a title="economia_Feb page 17" href="http://viewer.zmags.com/publication/90f7acee?page=17"> </a> <a title="economia_Feb page 18" href="http://viewer.zmags.com/publication/90f7acee?page=18"> THE AUDIT Talking point Does Whitehall unders</a> <a title="economia_Feb page 19" href="http://viewer.zmags.com/publication/90f7acee?page=19"> </a> <a title="economia_Feb page 20" href="http://viewer.zmags.com/publication/90f7acee?page=20"> Fuel consumption figures for the Civic 1.6 i-DTEC </a> <a title="economia_Feb page 21" href="http://viewer.zmags.com/publication/90f7acee?page=21"> THE AUDIT EVENTS TO LOOK OUT FOR The China Busine</a> <a title="economia_Feb page 22" href="http://viewer.zmags.com/publication/90f7acee?page=22"> </a> <a title="economia_Feb page 23" href="http://viewer.zmags.com/publication/90f7acee?page=23"> THE AUDIT As I see it </a> <a title="economia_Feb page 24" href="http://viewer.zmags.com/publication/90f7acee?page=24"> ICAEW news ICAEW Apprentice Business Challenge 20</a> <a title="economia_Feb page 25" href="http://viewer.zmags.com/publication/90f7acee?page=25"> THE AUDIT If I ruled the world Bee Lean Che</a> <a title="economia_Feb page 26" href="http://viewer.zmags.com/publication/90f7acee?page=26"> Tales from the front line Nick Land, non-execu</a> <a title="economia_Feb page 27" href="http://viewer.zmags.com/publication/90f7acee?page=27"> THE AUDIT “The expectation gap between what audit</a> <a title="economia_Feb page 28" href="http://viewer.zmags.com/publication/90f7acee?page=28"> Michael Izza Building on our winning year I </a> <a title="economia_Feb page 29" href="http://viewer.zmags.com/publication/90f7acee?page=29"> THE AUDIT Email: economia@icaew.com twitter.com/e</a> <a title="economia_Feb page 30" href="http://viewer.zmags.com/publication/90f7acee?page=30"> Jason Cowley Cameron's EU dilemma W </a> <a title="economia_Feb page 31" href="http://viewer.zmags.com/publication/90f7acee?page=31"> OPINION Cathy Newman Employment and benefits figu</a> <a title="economia_Feb page 32" href="http://viewer.zmags.com/publication/90f7acee?page=32"> Klaus Schwab Big picture economics A </a> <a title="economia_Feb page 33" href="http://viewer.zmags.com/publication/90f7acee?page=33"> OPINION Dennis Nally The great people chase W </a> <a title="economia_Feb page 34" href="http://viewer.zmags.com/publication/90f7acee?page=34"> WORLD OF EXPERIENCE You don't have to be a huge </a> <a title="economia_Feb page 35" href="http://viewer.zmags.com/publication/90f7acee?page=35"> INTERNATIONAL “Networks</a> <a title="economia_Feb page 36" href="http://viewer.zmags.com/publication/90f7acee?page=36"> INTERNATIONAL Vancouver,</a> <a title="economia_Feb page 37" href="http://viewer.zmags.com/publication/90f7acee?page=37"> A reminder that workplace pensions law has change</a> <a title="economia_Feb page 38" href="http://viewer.zmags.com/publication/90f7acee?page=38"> India AT A GLANCE The much-lauded, ever expanding</a> <a title="economia_Feb page 39" href="http://viewer.zmags.com/publication/90f7acee?page=39"> INTERNATIONAL FRANK KAPPA / GALLERY STOCK HISTO</a> <a title="economia_Feb page 40" href="http://viewer.zmags.com/publication/90f7acee?page=40"> REWRITING THE BOOK Outspoken and free-thinking</a> <a title="economia_Feb page 41" href="http://viewer.zmags.com/publication/90f7acee?page=41"> PROFILE “If we are go</a> <a title="economia_Feb page 42" href="http://viewer.zmags.com/publication/90f7acee?page=42"> “We are becoming a software business with the sam</a> <a title="economia_Feb page 43" href="http://viewer.zmags.com/publication/90f7acee?page=43"> PROFILE pricing is an extremely complex</a> <a title="economia_Feb page 44" href="http://viewer.zmags.com/publication/90f7acee?page=44"> DEAR PRUDENCE ANDREW HOLDER / POCKO 44 </a> <a title="economia_Feb page 45" href="http://viewer.zmags.com/publication/90f7acee?page=45"> VALUATIONS Had banks more</a> <a title="economia_Feb page 46" href="http://viewer.zmags.com/publication/90f7acee?page=46"> capital world, you're not bothered about what an </a> <a title="economia_Feb page 47" href="http://viewer.zmags.com/publication/90f7acee?page=47"> VALUATIONS </a> <a title="economia_Feb page 48" href="http://viewer.zmags.com/publication/90f7acee?page=48"> </a> <a title="economia_Feb page 49" href="http://viewer.zmags.com/publication/90f7acee?page=49"> XX SUPPORTED BY Following on from last </a> <a title="economia_Feb page 50" href="http://viewer.zmags.com/publication/90f7acee?page=50"> C ould November 2012 come to be </a> <a title="economia_Feb page 51" href="http://viewer.zmags.com/publication/90f7acee?page=51"> TECHNOLOGY SECTOR </a> <a title="economia_Feb page 52" href="http://viewer.zmags.com/publication/90f7acee?page=52"> Map, which uses similar technolo y to the one tha</a> <a title="economia_Feb page 53" href="http://viewer.zmags.com/publication/90f7acee?page=53"> TECHNOLOGY SECTOR </a> <a title="economia_Feb page 54" href="http://viewer.zmags.com/publication/90f7acee?page=54"> SHARE & SHARE ALIKE As a means of protecting the </a> <a title="economia_Feb page 55" href="http://viewer.zmags.com/publication/90f7acee?page=55"> XX </a> <a title="economia_Feb page 56" href="http://viewer.zmags.com/publication/90f7acee?page=56"> “Shareholders are engaged in a trade- off between</a> <a title="economia_Feb page 57" href="http://viewer.zmags.com/publication/90f7acee?page=57"> equipment or paying bonuses to directors. But its</a> <a title="economia_Feb page 58" href="http://viewer.zmags.com/publication/90f7acee?page=58"> PEP BONET / NOOR IMAGES 58 </a> <a title="economia_Feb page 59" href="http://viewer.zmags.com/publication/90f7acee?page=59"> SOCIAL ENTERPRISE HOW THE GOOD CAN BE GREAT It's</a> <a title="economia_Feb page 60" href="http://viewer.zmags.com/publication/90f7acee?page=60"> products and services achieve the change identi i</a> <a title="economia_Feb page 61" href="http://viewer.zmags.com/publication/90f7acee?page=61"> SOCIAL ENTERPRISE prospectus. This may b</a> <a title="economia_Feb page 62" href="http://viewer.zmags.com/publication/90f7acee?page=62"> NATIONAL DRIFT OR GLOBAL MASTERY? Following</a> <a title="economia_Feb page 63" href="http://viewer.zmags.com/publication/90f7acee?page=63"> THE ECONOMIA ESSAY transitional era</a> <a title="economia_Feb page 64" href="http://viewer.zmags.com/publication/90f7acee?page=64"> “THE WEST'S DECLINE IS REAL, BUT IT IS RELATIVE N</a> <a title="economia_Feb page 65" href="http://viewer.zmags.com/publication/90f7acee?page=65"> THE ECONOMIA ESSAY $3.2trn cola</a> <a title="economia_Feb page 66" href="http://viewer.zmags.com/publication/90f7acee?page=66"> Being a professional has its advantages Our 90% P</a> <a title="economia_Feb page 67" href="http://viewer.zmags.com/publication/90f7acee?page=67"> AGEING SOCIETY TRUNK ARCHIVE / HORACIO SALINAS </a> <a title="economia_Feb page 68" href="http://viewer.zmags.com/publication/90f7acee?page=68"> L ife expectanc</a> <a title="economia_Feb page 69" href="http://viewer.zmags.com/publication/90f7acee?page=69"> AGEING SOCIETY partnership where the c</a> <a title="economia_Feb page 70" href="http://viewer.zmags.com/publication/90f7acee?page=70"> It's not just clients who are getting older and i</a> <a title="economia_Feb page 71" href="http://viewer.zmags.com/publication/90f7acee?page=71"> AGEING SOCIETY “The transition from clien</a> <a title="economia_Feb page 72" href="http://viewer.zmags.com/publication/90f7acee?page=72"> You shall have a fishy… Fighting to protect his f</a> <a title="economia_Feb page 73" href="http://viewer.zmags.com/publication/90f7acee?page=73"> MEMBER PROFILE </a> <a title="economia_Feb page 74" href="http://viewer.zmags.com/publication/90f7acee?page=74"> </a> <a title="economia_Feb page 75" href="http://viewer.zmags.com/publication/90f7acee?page=75"> BRIEFING Briefing Disciplinary scheme update an</a> <a title="economia_Feb page 76" href="http://viewer.zmags.com/publication/90f7acee?page=76"> BRIEFING EU pensions, ICAEW on IFRS, and EC on </a> <a title="economia_Feb page 77" href="http://viewer.zmags.com/publication/90f7acee?page=77"> UPDATES Commission also wants to exten</a> <a title="economia_Feb page 78" href="http://viewer.zmags.com/publication/90f7acee?page=78"> BRIEFING Adler Shine: The big little firm Awa</a> <a title="economia_Feb page 79" href="http://viewer.zmags.com/publication/90f7acee?page=79"> PRACTICE PROFILE COMPANY BREAKDOWN year of laun</a> <a title="economia_Feb page 80" href="http://viewer.zmags.com/publication/90f7acee?page=80"> BRIEFING Power arrang</a> <a title="economia_Feb page 81" href="http://viewer.zmags.com/publication/90f7acee?page=81"> POWER OF ATTORNEY CASE STUDY new technolo y </a> <a title="economia_Feb page 82" href="http://viewer.zmags.com/publication/90f7acee?page=82"> BRIEFING Best practice Do you give your own</a> <a title="economia_Feb page 83" href="http://viewer.zmags.com/publication/90f7acee?page=83"> PRACTICE ADVICE started with one clien</a> <a title="economia_Feb page 84" href="http://viewer.zmags.com/publication/90f7acee?page=84"> BRIEFING More choice for all The recent chang</a> <a title="economia_Feb page 85" href="http://viewer.zmags.com/publication/90f7acee?page=85"> AUDIT propositions tha</a> <a title="economia_Feb page 86" href="http://viewer.zmags.com/publication/90f7acee?page=86"> BRIEFING Failure to co-operate with a hearing, </a> <a title="economia_Feb page 87" href="http://viewer.zmags.com/publication/90f7acee?page=87"> DISCIPLINARIES Report listings The reports </a> <a title="economia_Feb page 88" href="http://viewer.zmags.com/publication/90f7acee?page=88"> Spend less time on paperwork, more time on profit</a> <a title="economia_Feb page 89" href="http://viewer.zmags.com/publication/90f7acee?page=89"> Life “Wearing $3,000-worth of clothes and going 2</a> <a title="economia_Feb page 90" href="http://viewer.zmags.com/publication/90f7acee?page=90"> SNOW BIG DEAL Skiing and snowboarding don't have </a> <a title="economia_Feb page 91" href="http://viewer.zmags.com/publication/90f7acee?page=91"> BULGARIA Prices went up when the Iron Curtain cam</a> <a title="economia_Feb page 92" href="http://viewer.zmags.com/publication/90f7acee?page=92"> GARDENERS' PARADISE If you're looking for a lawn </a> <a title="economia_Feb page 93" href="http://viewer.zmags.com/publication/90f7acee?page=93"> LIFE </a> <a title="economia_Feb page 94" href="http://viewer.zmags.com/publication/90f7acee?page=94"> BREAKFAST Congee with ginger and scallion, tradit</a> <a title="economia_Feb page 95" href="http://viewer.zmags.com/publication/90f7acee?page=95"> LIFE SIX OF THE BEST I</a> <a title="economia_Feb page 96" href="http://viewer.zmags.com/publication/90f7acee?page=96"> RECRUITMENT To advertise your vacancies please co</a> <a title="economia_Feb page 97" href="http://viewer.zmags.com/publication/90f7acee?page=97"> BUSINESS DIRECTORY To advertise within the Busi</a> <a title="economia_Feb page 98" href="http://viewer.zmags.com/publication/90f7acee?page=98"> LIFE RICHARD ANSETT LIFE AFTER WORK WALK ON THE</a> <a title="economia_Feb page 99" href="http://viewer.zmags.com/publication/90f7acee?page=99"> TRANSFORMING FINANCE SPECIALISTS INTO BUSINESS LE</a> <a title="economia_Feb page 100" href="http://viewer.zmags.com/publication/90f7acee?page=100"> </a>