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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
Storm in a teacup!
By Frank-Jürgen Richter
Khaleej Times, July 25, 2012
 

A while ago I invited some friends to have dinner thinking that it would be nice to eat outside and have a good conversation in the garden afterwards… but the weather was fickle and there was a downpour just as my guests arrived.

I made a joke in poor taste saying they had a choice of sitting outside looking at the bare wet table and practicing austerity like the southern Europeans, or to venture inside and partake of my northern hospitality! Inside we continued chatting along these lines as dinner progressed noting how we all thought the southern nations’ people were somewhat profligate – yet also noting southern friends in common who were just like us, being frugal and quite sensible in not splashing money about as though it ‘grew on trees’.

How then did those nations get in such a mess? Of course, the conversation brought in the widespread issue of house buying and the cheap (too cheap?) mortgages sold to people who could not afford any repayment just because the seller was measured on the volume sold rather than questioning the security of returns from new clients… that marketing message seemed to spread from the US to Ireland, Spain and other nations where people thought a second home might be a worthwhile investment. What to do with the aftermath was a subject that took us though to coffee and the clearing up of the table.

My guests were a varied bunch – they had worked in many countries and had swapped employers a few times: sometimes by choice and sometimes because of a merger in which their position became redundant. In the latter case they did not fall back on the State demanding support for their lifestyle – they applied for jobs and became employed again, usually not in the same town and often not in the same country. We did not have much sympathy for the leeches of society yet we recognised that we were all well-educated with broad professional experience; characteristics that most unemployed do not have as the State in many countries over successive governments have relatively reduced their education budgets while forcing more to stay in school for longer.

We thought this dilution of education due to both overcrowding and through the lack of education infrastructure had contributed to the present situation of the thousands of Neets (people not in employment, education or training) who were at risk collectively of being radicalised by several forms of extremism. We knew that bankers must be protected and not fired by the various stakeholders or shareholders or their Boards. We presumed that these chiefs of commerce had been promoted in democratic world through merit and not by ‘connections’ – but perhaps in some cases there might be nepotism still.

However we had all noted through various sources of the research commissioned by the Tax Justice Network. Its chief author, James Henry, estimates conservatively that some $21 trillion of assets (maybe up to $32 trillion) is hidden way in tax havens managed by professional enablers in banks like UBS, Credit Suisse and Goldman Sachs: this sum is about the size of the American and Japanese economies combined, and if taxed at just 30 per cent would be about twice all overseas development assistance. Roughly about 100,000 people hold $10 trillion of offshore wealth. Now, we thought at the end of our evening – what if we could persuade all these people to release their wealth at a reasonable rate of return? We could free-up the global economy, nullify the austerity programmes and get ordinary people into work again. Why not employ these truly wealthy to manage our national economies?

 

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


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