Upon His ascension to the throne of Monaco in 2005, His Most Serene Highness Albert II laid out a distinct vision for how the tiny European nation would face the 21st Century laid out in a historic speech.
As major economic turbulence hit the US Economy and as the same was foreboding closer to home, the National Council of Monaco wanted to undertake a year-long project to understand the future changes of the global economy and to make a compelling strategy that would allow the country to achieve the Prince’s vision in a variety of outcomes.
I supplied the methodology for Monaco 2029, to make sure that the intellectual work on behalf of His Most Serene Highness took advantage of the most effective techniques in strategic analysis gleaned from several decades of corporate and government management. I also supplied regular guidance as to the production of insights and strategies for communications, as well as information about the changing global economy from my own database.
The Monaco 2029 project went on to spur new initiatives and investments in precisely the direction recommended by the White Paper, in the significant development of the “onshore.” New university programs to develop talent in the Principality have been combined with investments in biotech and a new hospital center, and the foresight project from 2009 is frequently referenced in local media as a factor that led to the initiatives.