Lord Paul Boateng, former chief secretary to the treasury and the former UK high commissioner to South Africa, answers questions about his first trip to Davos.
1. Is this your first trip to Davos?
I have to confess that it is. I’ve reached a fairly advanced age without ever having felt Davos was for me. I have been an active participant, however, both as a cabinet minister and a diplomat at the spin offs in Mumbai and Cape Town where the WEF reaches out to the rest of the world.
2. What’s the best thing about going to Davos?
If you’ve got an idea or a product to sell then this is a quite unique market place. There are lots of serious people on the lookout for the next big idea or opportunity. A voracious media circus with the promise of global coverage also helps. Read more
By Gideon Rachman
Everybody agrees that economic and political power is moving east. Barack Obama has constructed a whole new foreign policy around this theory – the “pivot to Asia”. But, as I assemble my annual list of the five most important events of the year, it is striking how events in Europe and the Middle East still dominate.
South Korean students in Seoul (Chung Sung-Jun/Getty)
A novelty that has emerged since the mid-1990s is the international standardised test solely designed to measure how good national school systems are – not individual schools nor their pupils. Today, two of the three big tests issued results.
The tests, TIMSS and PIRLS, measure basic learning skills and primary school performance respectively. (The third big test, the OECD’s PISA test, comes out next December. It measures higher order skills among 15 year-olds.)
The educational divide in the US is always startling: on the TIMSS maths test for teenagers, Alabama’s test scores put them in line with Armenia and behind Dubai. Meanwhile, Massachusetts comes in at around the same level as market-leader Japan.
These tests confirm the crowd of top performers: Korea, the Chinese cities and Singapore always do well. Not even Finland and Ontario, western school-reform pin-ups, have the degree of consistency that the Asian education superpowers do.
This will spark hand-wringing about school performance, but it is important to note the role of culture. As a really simple experiment to show this, we can look at how Chinese children in England do in their GCSE exams at the age of 16. Read more
By Gideon Rachman
Anybody might think that Susan Rice is gearing up for a confirmation hearing. Last week, the US ambassador to the UN tweeted: “I condemn today’s cowardly terrorist attack targeting innocents on a Tel Aviv bus.” Yet trawling back through her Twitter feed over the previous week, there is no indication that innocents might be dying anywhere else in the Middle East. The word “Gaza” is noticeable by its absence – although the ambassador did find time to hail America’s Transgender Day of Remembrance.
China’s new leadership
China has just completed its carefully-scripted, once-in-a-decade leadership transition. The Politburo was cut from nine to seven members and incoming general secretary and president Xi Jinping will also become head of the military. With these remaining uncertainties settled, Jamil Anderlini, Beijing bureau chief; James Blitz, diplomatic editor, and David Pilling, Asia editor, join John Aglionby to discuss how the new leadership will cope with an increasingly demanding population and whether the world will engage with Beijing any differently
Aung San Suu Kyi arriving in New Delhi. (AFP)
Aung San Suu Kyi, Myanmar’s opposition leader, gave an exceptionally interesting interview to the Hindu newspaper ahead of her trip on Tuesday to India, her first visit since she studied there as a schoolgirl nearly half a century ago.
The interview is worth reading in its entirety.
On whether she had ambitions to succeed Thein Sein as president after elections due in 2015, the 67-year-old recipient of the Nobel Peace Prize was pretty unequivocal.
“I’d be prepared to take over the position of president. Not so much because I want to be president of a country but because I want the president of the country to be elected through the will of the people.”
She added that she believes her party, the National League for Democracy, “has the people behind it” but made no reference to the recent divisions within it.
An important test of the irreversibility of reform, she said, would be the military’s willingness to change parts of the 2008 constitution that were undemocratic. This would include sections that guarantee the military one-quarter of parliamentary seats as well as a provision – aimed explicitly against her – that bars people married to foreigners from becoming leader. Such changes would need to be made in advance of the 2015 elections, she said. Read more
China’s new leadership faces many challenges
China’s new leadership team is due be unveiled at the Congress of the Chinese Communist Party, which begins next week in Beijing.The transition takes place against a troubled background. The economy is slowing and tensions are rising in a territorial dispute with Japan. Bo Xilai, who once expected to promoted in the reshuffle, is instead about to go on trial, and the outgoing premier, Wen Jiabao, has just been accused in the New York Times of using his position to accumulate huge wealth for his family. James Kynge, editor of FT China Confidential, and David Pilling, Asia editor, join Gideon Rachman to discuss the state of China at this crucial juncture.
(MIKE CLARKE/AFP/Getty Images)
Over the weekend, my son and I walked up to the Peak in Hong Kong. We set off from the wrong point, which meant that that the walk took longer than it should have – and we kept getting cut off, by private roads.
On the other hand, our circuitous route gave us the chance to stare into the front rooms, back gardens and swimming pools of some of the priciest properties in the world. For example, this modest town-house on Severn Road would set you back about $30m (that’s US). If you really want, you could spend twice that on a mere apartment in the most luxurious blocks in Hong Kong.
The downside of the incredible prices being fetched for Hong Kong property is that finding somewhere to live is increasingly tough for people on normal incomes. Now the Hong Kong government, normally noted for its laissez-faire attitude, has acted. Over the weekend it imposed a 15% stamp duty on property purchases by non-residents. Estate agents are predicting a sharp drop-off in interest from buyers from mainland China, who have been driving up prices. Read more