Funding Disruptive Innovation Startups in Asia-Oceania

The opening up of new markets, foreign or domestic, and the organizational development from the craft shop to such concerns as U.S. Steel illustrate the same process of industrial mutation—if the author may use that biological term—that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism. This chapter addresses disruptive innovation in the 21st century and how new ventures that might produce such innovation in Oceania and Asia can obtain the funds they need to survive and prosper.

The Coaching Dance Applied

Through the application of a culturally sensitive coaching model, in a Sino-foreign education partnership, this chapter explores a non-directive coaching model and its positive impact on knowledge exchange and innovation. Whilst acknowledging the call from some quarters for the use of a directive approach to coaching, in mainland China, this chapter explores the positive relationship between the non-directive approach and socialisation of knowledge amongst teachers. The chapter also sheds light on the potential positive impact of the GROW model to support the ‘Coaching Dance' and facilitate movement towards a more non-directive approach to enhance knowledge exchange. It is also important of further research into both the GROW model and the development of a coaching approach built upon the foundation of Confucian culture.

Medical Tourism

Medical tourism, perhaps a late 20th century phenomenon, is said to be making a huge impact across the world in many countries, especially in developing world. According to the Medical Tourism Association in the United States, the term “medical tourism” is where people who live in one country travel to another country to receive medical, dental, and surgical care while at the same time receiving equal to or greater care that they could have received at their own country. Many people across the globe are taking to the wheels to various destinations for their medical needs owing to critical reasons like affordability, better access to care at a higher level of quality, etc. Medical tourism is a fast-growing Indo-Pacific region too. The chapter starts with a literature review of the industry followed by identifying the global hubs of medical tourism especially in the Indo-pacific region. It concludes with looking at potentials and challenges of medical tourism industry between India and Australia.

Population Aging and Prospect of China's Elderly Care and Its Related Industries

China becomes an aging society in a pace much faster than other countries because of its one-child policy implemented since 1980. This chapter examines the current situation of population aging in China, the government policies and regulations surrounding elderly care, and the experiences of other Asian and Oceanian countries in dealing with population aging. The rapid population aging poses severe challenges for the elderly care in China, which has not established an adequate social security system, but it also provides abundant opportunities for enterprises and entrepreneurs in the aging industry from other Asian and Oceanian countries as well as China. China can learn from the experiences of industrialized Asian and Oceanian countries and regions in developing its elderly care industry.

Australia-India

India is Australia's fourth largest export market and investment destination, and fifth largest trading partner, with access to a large and youthful market of 1.4 billion population. In 2018, India was the second largest source of skilled professionals after the UK and third largest source of immigrants after the UK and New Zealand. Increasing number of Indian nationals and businesses are choosing Australia as a destination of choice for education, tourism and for doing business. The Independent India Economic Strategy – 2035 was launched on 22 November 2018 for promoting bilateral trade and export market for Australian goods, services, and investment opportunities for mutual economic benefit. This chapter examines the economic significance of bilateral trade relationship between Australia and India and opportunities and challenges faced by the two countries with focus on education, tourism, health, agri-business, alternative energy, and mining sectors to meet the demand and supply gap and the sustainable development goals.

The Economies of Oceania

This chapter provides an overview of the economic performance and current situation of the economies in the Oceanic region. Oceania comprises the economically developed countries of Australia and New Zealand plus the more than 20 island countries and protectorates of Melanesia, Micronesia, and Polynesia. In 2018, Australia dominated the region in terms of population (71% of the total for Oceania) and gross domestic product (86%). Melanesia, which includes Papua New Guinea, Fiji, and New Caledonia, contained 26% of the region's population and generated 4% of its gross regional product. According to the authors' forecasting model, Oceania's share of both world population and gross world product will rise strongly during the coming three decades, admittedly from a low base. Reflecting the high degree of complementarity of the Oceanic economies with those of Asia, this strong growth in the Oceanic region should support increasingly attractive opportunities for trade and investment with the economies of Asia.

The Coaching Dance

Given the continued popularity of coaching in the West and its increasing use in China, this chapter examines how the predominantly Western-driven coaching methodology can be modified for more effective use in a Confucian culture and its potential positive impact on knowledge exchange and innovation. Through this exploration, the authors examine how a mixed methodology of coaching, wherein team coaching is deployed with internal coaches, can improve coachee's Positive Career Behaviors and as a result the socialisation of knowledge within the organisation. In exploring this dynamic the authors seek to raise awareness of the potential for coaching to address a number of issues within Nonaka's SECI model and to particularly focus on how team coaching may both increase organisational learning and opportunities for knowledge creation.

Aged Care Services in India

India is the world's largest democracy and second most populous country with nearly 1.4 billion people. With reduced birth rates and increasing lifespans, it had nearly 104 million ‘senior citizens' in 2011, expected to grow to 300 million by 2050. Providing care for the elderly in India is a growing public and private concern. Filial piety is embedded in culture and long-term care for parents and the elderly is expected from children. However, over the last five decades there have been rapid changes in socioeconomic patterns with increasing mobility for work and rise of nuclear households. Despite this, elder care is still largely underdeveloped, with lack of formal training in geriatric care and geriatric care curriculum in medical education. Australia has a highly evolved elderly care system with care services that includes retirement villages, home care, residential care, and flexible care. These are provided by subsidization from the government and private user pay system. Australia is well poised to provide aged care expertise and services and shape elderly care in India.

The Economies of East Asia

In 2018, East Asia accounted for accounted for 31% of gross world product (GWP). A global forecasting model developed by Hooke and updated by Hooke, Alati, and Kaur for the first three chapters of this book suggests that the region's share will remain at about this level until 2050, with the effects of global labour productivity convergence more than offsetting East Asia's relatively slow work force growth. Thereafter, the share will decline to 18% by 2100 due mainly to more rapid productivity and work force growth in West Asia and Africa. China is expected to retain its position as the world's largest economy until about the middle of this century, at which time its GDP will be more than 2.5 times that of the United States. An important driver of growth in East Asia during the coming decades will be Indonesia, whose share of GWP is forecast to rise from 2.6% in 2018 to 3.8% by 2050.

Emerging Business and Trade Opportunities Between India and Australia

The travel and tourism sector is an important economic sector that contributes to the national income through job creation and export promotion. The sector accounted for 10.4percent of global GDP, 319 million jobs, and 9.9percent of total employment in 2017 In the same year, India was the seventh largest country after USA, China, Germany, Japan, UK, and Italy in terms of the contribution of T&T sector to its overall GDP growth. In absolute terms, the contribution of T&T sector to overall GDP was US $ 234 billion at real 2017 prices. As percent of overall GDP, the contribution of T&T growth in 2017 for India was 9.4percent and Australia 11percent against a global average of 10.4percent. Thus, T&T sector is important to both India and Australia and can be studied further for unlocking business and trade opportunities which could be of mutual interest to these countries.