In spite of Mikhail Gorbachev’s warning this month that the world is on the brink of a new Cold War, it is Asia that we should be worrying about, says former Australian Prime Minister Kevin Rudd. The region is home to seven flashpoints which, if they erupt, could end the greatest economic growth story of the 21st century.
“We face this remarkable set of circumstances where global growth will be driven from Asia,” Rudd told beyondbrics in a recent interview in Dubai.“But Asia from a political perspective is a potentially unstable region. So the world [should have] a deep interest in not just the future growth trajectory, but also the political and security circumstances which underpin that equation.” Read more
As budget negotiations in Congress drag on towards the end of year deadline, questions are being asked about the global ripple of the US falling off the so-called fiscal cliff.
Should Asia investors be losing sleep over it? Read more
For what seems like ages, the punchline to introductory remarks at every other Asian themed business conference has been: “They used to say ‘Go west, young man’ – today, that should be ‘Go east!’” (Guffaws all round).
Now, Asian-based asset manager Eastspring Investments is turning the cliche around again by, er, going west and launching an institutional sales push in the US – a move that could be repeated by other regional fund groups looking to drum up business in developed markets. Read more