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looking beyond borders

foreign policy and global economy

Archive for the tag “Business”

Why Capitalism Needs Populism

Globalization, digital technologies, and other factors have allowed competitive US corporations to achieve market dominance. If the past is any guide, it is only right that these “superstar” firms should now be challenged by grassroots political movements protesting against an unholy alliance of private-sector and government elites.

Read Here – Project Syndicate

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China’s Army Of Migrant Workers Is Becoming Older And Less Mobile

Annual survey by Beijing shows China’s migrant workers are less inclined to travel long distances for work, with governments offering grants to stay locally. The average age of migrant workers is rising, with a new generation of workers less content to work in factories or construction sites.

Read Here – South China Morning Post

All the King’s Consultants

Experts play valuable and highly visible roles advising leaders in wealthy liberal democracies and international institutions. But far less is known about what they do—and to what effect—for authoritarian regimes and developing countries. That’s a problem, because autocratic leaders from China to Saudi Arabia increasingly rely on experts, especially from top consulting firms, universities, and think tanks in the West.

Read Here – Foreign Affairs

Today’s Nationalism Is Bad For Business

Multilateralism and global cooperation are under increasing threat, posing a serious risk to future prosperity. Business and finance leaders should care deeply about this state of affairs, so why aren’t they doing much more to help counter it?

Read Here – Project Syndicate

Does Trump Really Want To Win The Trade War?

President Trump appears to be getting advice on China policy from World Wrestling Entertainment (WWE). It’s all starting to resemble a pro-wrestling match where one wrestler gets his opponent in a headlock, throws him to the ground and has him pinned—for a long two seconds—until he miraculously escapes. It’s good theater, but it’s tough on the audience.

Read Here – The National Interest

China’s Economic Reforms Are Working. The Bad News Is The Pain May Get Worse

The Chinese economy ended 2018 on a weak note, but not so weak that people now fear growth will fall off a cliff. Gross domestic product growth in the fourth quarter clocked in at 6.4 per cent, the weakest since the first quarter of 2009, but in line with market expectations. The quarterly growth profile, which shows a persistent weakening trend – from 6.8 per cent in the first quarter, to 6.7 per cent6.5 per cent and now 6.4 per cent – is indicative of the harsher conditions facing the economy.

Read Here – South China Morning Post

Arrested Diplomacy

The Japanese and Canadian governments have failed to manage effectively the reputational, economic, and geopolitical implications of the legal cases against Nissan chairman Carlos Ghosn and Huawei CFO Meng Wanzhou. And, in a globalized world, the risks posed by such cases are likely to grow.

Read Here – Project Syndicate

The Rise Of Populism Shows We Are Increasingly In A ‘Geopolitical Recession’

Financial markets must start to account for the personalities of populist world leaders, according to veteran investment banker and philanthropist John Studzinski. His comments come at a time when market participants are increasingly concerned about a serious economic slowdown, with a long-running global trade war souring business and consumer sentiment.

Read Here – CNBC

Over 40 Years Of Diplomatic Drama, A Rising China Opens Up To, And Transforms, The World

Photo by Yang Shuo on Unsplash

Since Deng launched the opening-up policy in 1978, China has transformed itself from a backward, agrarian economy and politically isolated state into the world’s second-largest economy and an important player with global interests and influence. For instance, in the 30 years from 1949 to 1978, only 200,000 Chinese people travelled abroad. Last year alone, they made 130.5 million trips overseas, while foreigners made 139 million visits to China. The statistics speak volumes about how China needs the world, and vice versa.

Read Here – South China Morning Post

President Xi’s Bridge Over Troubled Waters

President Xi Jinping paid homage to the past when he returned to where China’s economic miracle was born and nurtured. But his eyes were firmly focused on the present and the future. With immaculate timing, his trip to Guangdong this week conjured memories and images of Deng Xiaoping’s historic 1992 ‘Southern Tour’ after he had stepped down from office.

Read Here – Asia Times

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