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2018
Electrification of cars helps establish China as global tech leader
2018 Reforms Beckon For India And Modi
China in driving seat toward greener future
2017
Business must get on board with B&R, Brexit, CPTPP
China leads way amid need for green tech progress
Asia Needs more Dialogue
Solutions to urban pollution may prove complex
Spread of ESGs could herald new global movement
Investing in quality education is imperative if India wants to reap demographic dividends
China needs to lead in new multi-stakeholder world
China’s B&R initiative leading a resurgence of Asia
Education is key - but long-term: Can we survive?
New wave of robots will be beneficial to all
China needs to continue with its ‘heavy lifting’
Time is right for Chinese firms to invest in Europe
Robots to the rescue for China?
Asian Multinationals are Going Global, But to Where?
China ratchets forward with energy efforts
China’s calm necessary for globalization push
Bridging managerial gaps involves trust-building
China well-placed to power its future through green technology advances
China's new 'springtime' is here
2016
China’s moves show it’s banking on the future
Mindset for action at the G20 summit will be determined by Chinese presidency
Chinese head-hunting intensifies for rare managers that can steer overseas firms
US talk of isolation jars with growing links in Europe and Asia
Electoral rhetoric on global trade not in sync with reality
Is it time to be prudent and consider austerity policies again?
What will we do if we have no oil?
Unlock talent by finding the right fit for a person
The benefits are real and tangible
Trade along China’s ‘One Belt, One Road’ won’t succeed without the currency of trust
Reasons for optimism about the long term
2015
Can big oil go green and win?
Poorer Nations Could Sway Climate Talks
Combating Idleness and Deprivation
How China can be a model of food sustainability for the developing world
Kyoto II – Is it a Done Deal?
A meeting of the two largest economic powers
Why China will experience a 'soft' landing
Beware of superstitions
The Elephant and Dragon move ahead
G-7 target on fossil fuels raises many questions
Why Battle for Net Neutrality in the US Matters Globally
China’s resurgence – the ‘normal new’
Wanted: A managerial culture that embraces cultural differences
China's early education plan a smart investment in the future
The New Normal for China and India
2014
China's infrastructure push offers a sure track to better growth
US-China climate pact a good start, but not quite enough
Rethink the human’s place in the ‘digital revolution’
China springs a carbon surprise
Infrastructure - the invisible hand in full view
Dialogue vital for survival of Iraqi nation
China must nurture a new generation of beautiful minds
Great expectations in China and India
GM Cereals – The Pros and Corns
Time to be Honest about Our Energy Prospects
Weathering the Storm of Climate Change
Making a Big Decision? Beware of Your Biases
West Deserves Better Logistics Infrastructure
Digital Currencies do Represent the Future
From 'Printed' Houses to Wooden Skyscrapers
It’s time to bail out our schools, not our firms
Solution to India’s housing shortage – print new ones!
And the most promising green technologies of 2014 are ...
Transport infrastructure key to domestic, export growth
Oil stopgaps: Not worth risking
2013
Why the US should grant Edward Snowden amnesty
May we be more optimistic!
China headed for another massive social experiment?
A dialogue that worked
Yes, politicians deserve vacations - because we benefit
NPOs, NGOs invaluable as creators of dialogue
Look closer and ask: Is America reinventing itself?
Boston bombings case underlines need for dialogue
Millennium Development Goals or own goals?
As usual it's about balance - and timing - of course
Chinese strategists make right moves for growth
2012
Preparing for tomorrow
Austerity or growth?
Japan in danger of becoming 'just a place to fly over'
Beware of the business cycle?
An inconvenient truth
Limited offer sale: Buy a country
Where did our money go?
Leading from behind - a year of elections is almost over
Driving towards a green future
Waiting for springtime
Preserve or Perish
Startlingly similar Asia policy for Obama, Romney
Globalisation remains an irresistible trend
Google has the edge in smartphone war
U.S. Braces for China's Rise
Mankind’s General Scourge
The summer holidays are over and nothing has changed!
Put the hidden trillions to work
Making sense of India’s woes and wonders
Storm in a teacup!
Let’s give bad bankers a venue to admit their sins
News is about depth, not puff or velocity
Booming India, but too few toilets
Delayed Court decisions doesn't mean one may continue to play 'Great Game'
We need media to reflect on data and offer public a balanced view
Big polluters can lead in forging common purpose
The weighty issue of choosing a leader
EU-India Relations - Facing similar challenges
Educating with a goal
The Judicial Malaise
We are growing out, but not growing up
EU´s retrenchment enigma
Urbulence in the Eurozone and the effect on SMEs
Skolkovo May Help Russia to Diversify
Make things more effective
Tapping into the Commonwealth connection
Innovative models for public finance
Facebook revolution but Indian style
The feel-good factor
Asian investors - a private equity opportunity
India needs to be taller and stronger
China´s low sales volume...
Nations playing leapfrog
Shafts of sunlight
What webs we weave
As performers go to Davos, the circus steals the show
Can we control the politicians?
 
2011
Europe’s reminiscence
China firms should go for win-win in overseas ventures
Of procrastination...
Making sense of profiteering
Truth about financial mess must be laid bare
Small is also beautiful
China can help Europe with debt crisis
Excising the cancer of global corruption
Education, a critical asset
Arab uprisings set in motion forces of creative destruction
A new era of change
We must ensure better education for all
Beijing wary of bankrolling a lost cause
Asean's re-emergence as a local and global leader
Why India's Role in the Global Economy is Still Work in Progress
Its the leadership, stupid!
Reverse globalisation: The new buzzword
Business must get on board with B&R, Brexit, CPTPP
By Frank-Jürgen Richter
Global Times, December 17, 2017
 

At three recent conferences I attended, three topics came up time and again: the Belt & Road (B&R) initiative, Brexit and the Trans-Pacific Partnership (TPP). This was not only in programmed discussions - delegates in their panels or plenaries often returned to one topic or the other. The conferences were the Horasis China Meeting held in Sheffield, UK, and the Horasis Asia Meeting in Kolkata, India; and the third was the Fortune Global Forum in Guangzhou, South China's Guangdong Province. Why did these subjects surface so readily? Well, they are topical, but more importantly they are of concern to global business leaders, and each topic is subtly intertwined with the other.

First, the Trans-Pacific Partnership (TPP). This was agreed after years of negotiation between Canada, the US, Mexico, Chile and Peru on one side of the ocean and New Zealand, Australia, Japan, Singapore, Brunei, Malaysia and Vietnam on the other. But just three days into his US presidency, Donald Trump reneged on the agreement.

Yet the desire to continue the trade-enabling arrangement has lived on and during the recent APEC summit in Vietnam in November, the TPP-11 - that is, the remainder of the nations in the pact - agreed to rename it as the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP). The original TPP text was revised so that it can come into force 60 days after at least six signatories ratify it after their domestic discussions. Japanese Prime Minister Shinzo Abe asked other nations to quickly ratify the new accord before the round of 2018 elections commences in Asia and in Mexico because populist-leaning governments, if elected, may denounce free trade. Looking ahead, and noting the new China-led pan-Asian groupings - the Regional Comprehensive Economic Partnership and the Free Trade Area of the Asia-Pacific - it is possible that China will cooperate with the CPTPP, but not just yet.

Next is Brexit - a situation that most find odd, even the British. Why does the nation wish to leave its place in the European Union having joined in 1973? It is difficult to achieve an amicable "divorce" after 40 years of "marriage." But despite the confusion over Brexit, delegates at the Sheffield event in early November echoed the China-Britain Business Council, which found that "Chinese firms in the UK are broadly confident up to the point of the UK leaving the EU (by March 2019); and also afterward, as new opportunities for trade will open up." And while the level of the UK's manufacturing is slightly below Europe's at present, as indicated by its Purchasing Managers' Index (PMI) data, this may yet offer potential. It indicates that once the Brexit deal is finalized (or well on its way), UK manufacturers will reinvest in modern machines - that would greatly interest its trading partners, especially the Chinese.

Also at the Sheffield meeting, Chen Liang, managing director of China Civil Aviation Investment Fund Management, noted that the UK is a good place to be: It has fair land and office prices, and for incoming Chinese manufacturers the UK's financial system is open, its people well trained, and the logistics infrastructure is in place for supply of materials as well as dispersal of finished goods around Europe and the globe.

Last, but by no means least, is the China-proposed B&R initiative. This is a massive project, that sought initially to join more than 60 countries and regions engaging over 60 percent of the world's people with new trade routes and accords. Precise plans have yet to come into place, which is reasonable at this early stage. It is better to announce an overall plan and let other nations join in when they find out how globalization on this scale will work. This point was emphasized at the late-November meeting in Kolkata by Wang Dong, secretary-general of the Academic Committee of the Pangoal Institution, who said that China is sanguine about progress with the B&R. "The objective of the B&R initiative is to increase connectivity and improve infrastructure across countries," Wang said.

Over the past few weeks, I have found many of the world's top business leaders are concerned about the uncertainty over the TPP and Brexit, and are also surprised at the scale and vision of the B&R initiative. It is as though it is all too much to absorb in a world still recovering from the financial crash of 2007. But we are almost in 2018 and global management is being inspired by a new generation of leaders who are pushing disruptive technologies. They embrace issues like deep learning incorporating artificial intelligence and machine learning to model the human brain, which will support new forms of working and leisure. The electric vehicle revolution will disrupt the automotive industry and the oil industry, mobile payment will become ubiquitous, and robotics will play a huge role in supporting our many needs as society ages.

I think the development of the B&R initiative will, as well as offering greater chances for entrepreneurs, also open up greater scope for competition and thus choice for consumers. These changes in the coming years are already being discussed by global business leaders, and we look to our governments to free up policies that will be globally beneficial.

 

The author is founder and chairman of Horasis, a global visions community.

 


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