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<br /> MAGAZINE OF THE YEAR<br /> ISSUE 12 | JANUARY 2013 | ICAEW.COM/ECONOMIA INTELLIGENCE AND INSIGHT<br /> *<br /> BILL GATES<br /> SMART AID<br /> JIM O'NEILL<br /> BEYOND BRICS<br /> KAUSHIK BASU<br /> EURO WOES<br /> JOSEPH STIGLITZ<br /> ON THE BRINK<br /> JAN BABIAK<br /> DIVERSITY RULES<br /> LIN HOMER<br /> SHAKING UP HMRC<br /> GAYNOR COLEY<br /> SOCIAL ENTERPRISE<br /> The<br /> world's<br /> CFO<br /> PLUS<br /> WHAT MAKES Christine Lagarde,<br /> A CEO? IMF managing<br /> THE REAL TIME director, plus other<br /> INITIATIVE<br /> MODELS FOR global thinkers on<br /> PARTNERSHIP <a title="economia_Jan page 1" href="http://viewer.zmags.com/publication/d46e8879?page=1"> MAGAZINE OF THE YEAR ISSUE 12 | JANUA</a> <a title="economia_Jan page 2" href="http://viewer.zmags.com/publication/d46e8879?page=2"> </a> <a title="economia_Jan page 3" href="http://viewer.zmags.com/publication/d46e8879?page=3"> </a> <a title="economia_Jan page 4" href="http://viewer.zmags.com/publication/d46e8879?page=4"> </a> <a title="economia_Jan page 5" href="http://viewer.zmags.com/publication/d46e8879?page=5"> </a> <a title="economia_Jan page 6" href="http://viewer.zmags.com/publication/d46e8879?page=6"> </a> <a title="economia_Jan page 7" href="http://viewer.zmags.com/publication/d46e8879?page=7"> Any recovery in 2013 will require global ac</a> <a title="economia_Jan page 8" href="http://viewer.zmags.com/publication/d46e8879?page=8"> </a> <a title="economia_Jan page 9" href="http://viewer.zmags.com/publication/d46e8879?page=9"> </a> <a title="economia_Jan page 10" href="http://viewer.zmags.com/publication/d46e8879?page=10"> UNLOCK THE POTENTIAL IN YOUR PEOPLE When the next</a> <a title="economia_Jan page 11" href="http://viewer.zmags.com/publication/d46e8879?page=11"> ECONOMIA Contents January 2013 NATIONAL GEO</a> <a title="economia_Jan page 12" href="http://viewer.zmags.com/publication/d46e8879?page=12"> Contributors EDITORIAL ADVISORY BOARD Chair: Ar</a> <a title="economia_Jan page 13" href="http://viewer.zmags.com/publication/d46e8879?page=13"> ECONOMIA ICAEW in this issue Some of the ex</a> <a title="economia_Jan page 14" href="http://viewer.zmags.com/publication/d46e8879?page=14"> A year in review The stories that mattered most f</a> <a title="economia_Jan page 15" href="http://viewer.zmags.com/publication/d46e8879?page=15"> THE AUDIT £500m the amount Sir Philip</a> <a title="economia_Jan page 16" href="http://viewer.zmags.com/publication/d46e8879?page=16"> THE AUDIT Good year bad year Charities Geor</a> <a title="economia_Jan page 17" href="http://viewer.zmags.com/publication/d46e8879?page=17"> </a> <a title="economia_Jan page 18" href="http://viewer.zmags.com/publication/d46e8879?page=18"> EVENTS TO LOOK OUT FOR New UK GAAP 23 January Thi</a> <a title="economia_Jan page 19" href="http://viewer.zmags.com/publication/d46e8879?page=19"> THE AUDIT View from the top Ma</a> <a title="economia_Jan page 20" href="http://viewer.zmags.com/publication/d46e8879?page=20"> Tales from the front line Phil Whittingham, gr</a> <a title="economia_Jan page 21" href="http://viewer.zmags.com/publication/d46e8879?page=21"> THE AUDIT “I'm wary of a reliance on spreadsheets</a> <a title="economia_Jan page 22" href="http://viewer.zmags.com/publication/d46e8879?page=22"> Michael Izza Promote a culture of work T </a> <a title="economia_Jan page 23" href="http://viewer.zmags.com/publication/d46e8879?page=23"> OPINION Email: economia@icaew.com twitter.com/eco</a> <a title="economia_Jan page 24" href="http://viewer.zmags.com/publication/d46e8879?page=24"> Jason Cowley Scholarly midwife of Labour's new po</a> <a title="economia_Jan page 25" href="http://viewer.zmags.com/publication/d46e8879?page=25"> OPINION Cathy Newman Greenbacks, green shoots and</a> <a title="economia_Jan page 26" href="http://viewer.zmags.com/publication/d46e8879?page=26"> THE TURNINGTIDE The West once had its pick of the</a> <a title="economia_Jan page 27" href="http://viewer.zmags.com/publication/d46e8879?page=27"> INTERNATIONAL </a> <a title="economia_Jan page 28" href="http://viewer.zmags.com/publication/d46e8879?page=28"> INTERNATIONAL revenue generated in Lond</a> <a title="economia_Jan page 29" href="http://viewer.zmags.com/publication/d46e8879?page=29"> LIKE YOU, WE'RE EXPERTS IN OUR FIELD In competiti</a> <a title="economia_Jan page 30" href="http://viewer.zmags.com/publication/d46e8879?page=30"> Botswana VITAL STATISTICS BotswanaOFFICIAL NAM</a> <a title="economia_Jan page 31" href="http://viewer.zmags.com/publication/d46e8879?page=31"> INTERNATIONAL YANN ARTHUS-BERTRAND / ALTITUDE PH</a> <a title="economia_Jan page 32" href="http://viewer.zmags.com/publication/d46e8879?page=32"> HOW DOES YOUR GARDEN GROW? Eden Project's chief e</a> <a title="economia_Jan page 33" href="http://viewer.zmags.com/publication/d46e8879?page=33"> PROFILE PROFILE </a> <a title="economia_Jan page 34" href="http://viewer.zmags.com/publication/d46e8879?page=34"> money Eden needs to carry out its charitable acti</a> <a title="economia_Jan page 35" href="http://viewer.zmags.com/publication/d46e8879?page=35"> PROFILE and being a spectator. I like b</a> <a title="economia_Jan page 36" href="http://viewer.zmags.com/publication/d46e8879?page=36"> Six leading igures from the worlds of inance,</a> <a title="economia_Jan page 37" href="http://viewer.zmags.com/publication/d46e8879?page=37"> GLOBAL ECONOMY 2013 MULTIPLE PLAYERS ENGA</a> <a title="economia_Jan page 38" href="http://viewer.zmags.com/publication/d46e8879?page=38"> increasing capital buffers to appropriate levels </a> <a title="economia_Jan page 39" href="http://viewer.zmags.com/publication/d46e8879?page=39"> GLOBAL ECONOMY 2013 Asia's economic ex</a> <a title="economia_Jan page 40" href="http://viewer.zmags.com/publication/d46e8879?page=40"> While China's leadership change is important, the</a> <a title="economia_Jan page 41" href="http://viewer.zmags.com/publication/d46e8879?page=41"> GLOBAL ECONOMY 2013 THE OPTIMIST'S TIMELI</a> <a title="economia_Jan page 42" href="http://viewer.zmags.com/publication/d46e8879?page=42"> conditions in the country. Those working on AIDS,</a> <a title="economia_Jan page 43" href="http://viewer.zmags.com/publication/d46e8879?page=43"> GLOBAL ECONOMY 2013 do not push the cou</a> <a title="economia_Jan page 44" href="http://viewer.zmags.com/publication/d46e8879?page=44"> By the second half of 2011, it was evident th</a> <a title="economia_Jan page 45" href="http://viewer.zmags.com/publication/d46e8879?page=45"> GLOBAL ECONOMY 2013 €1trn Where</a> <a title="economia_Jan page 46" href="http://viewer.zmags.com/publication/d46e8879?page=46"> </a> <a title="economia_Jan page 47" href="http://viewer.zmags.com/publication/d46e8879?page=47"> ROUNDTABLE SUPPORTED BY THE INNOVATION</a> <a title="economia_Jan page 48" href="http://viewer.zmags.com/publication/d46e8879?page=48"> RICHARD CREE, EDITOR, ECONOMIA The UK's medium-si</a> <a title="economia_Jan page 49" href="http://viewer.zmags.com/publication/d46e8879?page=49"> ARIF KAMAL, GROUP FINANCE DIRECTOR, GL HEARN I'm </a> <a title="economia_Jan page 50" href="http://viewer.zmags.com/publication/d46e8879?page=50"> CREE: So, with times being tough, how do you pull</a> <a title="economia_Jan page 51" href="http://viewer.zmags.com/publication/d46e8879?page=51"> ROUNDTABLE This really is often the pro</a> <a title="economia_Jan page 52" href="http://viewer.zmags.com/publication/d46e8879?page=52"> MAKINGthe BIG CHEESE In troubled times, leadershi</a> <a title="economia_Jan page 53" href="http://viewer.zmags.com/publication/d46e8879?page=53"> LEADERSHIP </a> <a title="economia_Jan page 54" href="http://viewer.zmags.com/publication/d46e8879?page=54"> out of dif iculty is profound – but it's not happ</a> <a title="economia_Jan page 55" href="http://viewer.zmags.com/publication/d46e8879?page=55"> LEADERSHIP the business, influencing a</a> <a title="economia_Jan page 56" href="http://viewer.zmags.com/publication/d46e8879?page=56"> A PIECE OF THE CAKE The model of company ownershi</a> <a title="economia_Jan page 57" 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href="http://viewer.zmags.com/publication/d46e8879?page=64"> </a> <a title="economia_Jan page 65" href="http://viewer.zmags.com/publication/d46e8879?page=65"> BRIEFING Briefing Strong words and reservations</a> <a title="economia_Jan page 66" href="http://viewer.zmags.com/publication/d46e8879?page=66"> BRIEFING Holding and buying back shares, parent</a> <a title="economia_Jan page 67" href="http://viewer.zmags.com/publication/d46e8879?page=67"> UPDATES customers more information to </a> <a title="economia_Jan page 68" href="http://viewer.zmags.com/publication/d46e8879?page=68"> BRIEFING “Having critical friends is good for y</a> <a title="economia_Jan page 69" href="http://viewer.zmags.com/publication/d46e8879?page=69"> HMRC Snapshot of HMRC in 2011/12 Collected </a> <a title="economia_Jan page 70" href="http://viewer.zmags.com/publication/d46e8879?page=70"> BRIEFING In the lap of the Supreme Court Acco</a> <a title="economia_Jan page 71" 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