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2017
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
Make things more effective
By Frank-Jürgen Richter
Khaleej Times, April 27, 2012
 

Their intensity fell away as the `business cycle´ progressed only to arise again in a new form - the Occupy demonstrations, commencing in September 2010 in New York. Although it is a convenience for politicians to talk of the `business cycle´ many economists consider these variations to be only fluctuations superimposed on the aggregate economic activity - for them it represents a form of normality; but for the people out of work it may be described as a catastrophe. Mass demonstrations against globalisation used to occur while the IMF, WTO, Gxx meetings were being held; for instance, the WTO meeting at Seattle (1999) was recognised as perhaps the initiation of this mainstream protest.

I am of the opinion we ought to reconsider business practices, maybe reflecting on what happened even before Adam Smith (1723 - 1790). Yet, taking one of his axioms, we understand that if there is someone who can make `things´ more effectively than oneself it is best to let them do that and enter into some bargaining - to exchange what one can make effectively in exchange for those things others can make better. Perhaps this sequence of bargaining and using cash sometimes will be a long sequence, but it will be best for all. Partly as a consequence of these thoughts massive globalisation took place as the world became more industrialised; more fuel was consumed, logistics became more reliable and the global population grew. Many grew rich on trade and trade took on many forms - including complex global trades of financial instruments, hence the Occupy demonstrations.

Once containers were invented after the Second World War vendors saw that their goods (finished and part-finished) were now securely transported and so Adam Smith´s `effectiveness´ criteria was further extended: work was outsourced and increasingly off-shored to the vast factories of Asia especially in China once its `special enterprise zones´ opened up; now it is their centre and western regions opening up. Western managers looked to personal and stockholder value maximisation. What their societies ought to have done was to invest in the re-education of redundant staff to ensure they would be able to leap past their own historical skills to embrace an unknown future. Indeed, this is what will soon be needed in China since it finds now fewer people working in cities than remaining in their rural homelands. Several dynamics come into play - an ageing workforce nationally with rising wages in the coastal regions, as well as their annual GDP rate faltering as the nation becomes ever more prosperous.

Yet, make no mistake, globalisation is here to stay. Adam Smith was quite correct - we must, for the good of the planet, use all our resources effectively. This means we must use logistics to move goods and services round the globe to better our overall state. At the same time we must support an honest social agenda and stop the rape of innocents. We should realise that `sweat shops´ (while they offer cash to poor people whose only alternative is no work and probable starvation) must provide a full social service of wages, health and education support both at the factory and back in the rural villages.

There has to be a new balance of re-shoring, off-shoring and outsourcing. It is stupid for governments to succumb to local pressures to offer incentives and tax-breaks to entice reluctant managers to re-shore bringing back work to the local community which could be better done overseas: this is a waste of our taxes. Yet it is prudent for all enterprises to look to their sustainability, their green credentials and to their susceptibilities to supply-chain shocks to ensure they have second-sourcing in place: the recent floods of Thailand and the chaos of Fukushima demonstrate the massive interdependence of present-day globalisation.

The demonstrations for and against globalisation must stop and be re-addressed to clamour for a Fair Global Social Agenda. This should take the form of a complex change since `back home´ governments have allowed too many of their population to fall into a malaise exacerbated by poor education fitted only for the past: their people need re-education to support a new future. And these people, while still out of work, must agree to let people overseas work effectively within the new Social Agenda so in the round, globally, we will all benefit. Our new quest must be a re-education to jointly understand how the world is running: the future is now, and we must learn to thrive on our global strengths whilst preserving local harmony.

 

Frank-Jurgen Richter is chairman and founder of Horasis, a global business community


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