A Speech by David Hayden
Author: David Hayden
Author: David Hayden
The following is an except from David Hayden's keynote speech at the World Bank Government Borrower's Forum on April 20, 2000 in Italy:
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Let me begin by saying what a privilege it is to be here. You are such an influential group... you are the thought leaders and ministers of trade and finance... to a great extent, you affect the movement of capital and currencies world-wide... no less than this, you have great influence over of the future of the world's finances, and indeed, of the world itself.
Speaking to you about the Internet, a subject dear to my heart, is both an honor, and something I greatly enjoy.
The change in commerce that is happening largely as a result of what is happening on the Internet is the subject of my talk this morning.
As an entrepreneur with my own particular background and expertise in finance, I hope to illustrate the value of a different perspective on commerce as it pertains to the Internet and what many are calling the "e-commerce revolution".
As an entrepreneur, I have participated directly in the commercial unfolding of the Internet over the past eight years. Accordingly, I have had the luxury of looking ahead to see what this new phenomena holds for us and I have started companies that have had an impact on the phenomenon itself.
Entrepreneurs are known somewhat kindly as the pioneers of industry and change... kindly, because we are known as a stubborn, often difficult group of people who have the audacity to try not just to predict the future, but to create it (at least, that is my wife's definition).
I am speaking to you today from a dual perspective -- one of predicting the future, and one of creating it through action. From these perspectives, I have some ideas to share with you, within the time you have graciously given me.
First, the obvious: The internet's growth is inexorable. The Internet will cause fundamental change to government, societies, and economies. It will create an ever smaller world wherein character will count... just as in a smaller social circumstance, where it is hard for the bad apples to hide, people are, and will be, more inclined to try and get along.
To all this... the Internet bears economic implications for all of us that are at least as dramatic as the political impact of the end of the Cold War. While many will broadly predict change, I want to bring the implications of change as close to our shared personal reality as I possibly can. I want to leave you with the sense that not only does the Internet bring change, but how.
Second, I want to offer a vision of the future that we can actually create... that is real... One that each of us can help bring about if we decide to. By that, I mean that I want to clearly convey that the future that I think lies before us is not a future of uncertainty, nor a future of finite supply and demand, and most important, not a future where we are powerless. I want to offer a vision of the future that is not only real, but one in which we are empowered to make it so. Most important, the future is not a choice between alternatives we know, but rather an unknown that we create together.
And third, I want to suggest that there are clear actions we must take, that will alter the course of current events, and that will lead to creating the sustainable economic culture we are all working to create.
Those ideas may sound rather lofty... in fact they often sound lofty to me... I have said there will be dramatic change because of the Internet, that we need to understand this change, and that we need to do something about it.
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To read the rest of David Hayden's keynote speech visit: keynoteresource.com/article3terrypearce.htmlAbout the Author:
David Hayden is a serial entrepreneur. He was co-founder of the Magellan Search Engine in 1993, founding Chairman & CEO of Critical Path in 1997, founder of JetEye in 2004, and founder of Pana.ma in 2009. To learn more about David, read
David Hayden's Bio or visit
David Hayden's Blog. You can also connect with
David Hayden on LinkedIn.
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