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The coronavirus is upending our jobs, canceling our pastimes and messing with our social lives. Some of these effects might linger for months, even years, becoming the new normal. But the pandemic isn’t simply likely to change how we live—it … Continued
Parag Khanna, managing partner at FutureMap and author of “The Future is Asian,” discusses the impact of the coronavirus pandemic on Asia and what we can expect to see as economies reopen. He speaks with Bloomberg’s David Westin on “Bloomberg: … Continued
In chaos theory, the butterfly effect describes a small change that can have massive, unpredictable consequences. An insect flaps its wings and, weeks later, causes a tornado. The coronavirus is more like an earthquake, with aftershocks that will permanently reshape … Continued
Parag Khanna: The World Post-COVID-19 - 9th Apr
Dr. Parag Khanna joined Australia’s former trade minister Steven Ciobo and Portland Communications director for Asia Jonathan McClory to assess the global economic response to the Covid-19 pandemic and which economic sectors could experience a lift as social behaviors shift. … Continued
How To Avoid World War III in Asia - 6th Jul
World War II still hasn’t ended, yet World War III already looms. The recent discovery of large oil and gas reserves under the Senkaku/Diaoyu Islands islands has heated up the situation dramatically, with military budgets surging, and warships, coast guards and fighter jets scrambling to assert control over the commons. Meanwhile, tensions on the Korean Peninsula have drastically escalated into the world’s most dangerous flashpoint over the past seven decades precisely because the Korean War itself was never formally ended in 1953. A multipolar world can be an unstable landscape of security dilemmas and proxy competitions à la Europe before World War I, or it can be a stable balance of power in which sufficient distance among poles and respect for their spheres of influence generates a dynamic equilibrium. If we want this kind of lasting global stability, we must permit technocrats to make the peace first.
Supply chain complexity – rendered manageable with the help of technology – will become the new differentiator. There are more incentives and more drivers pushing for the expansion of global trade and supply chains in the years ahead and fewer arguments for containing or shrinking them.
The more than one decade long “supercycle” in which voracious Asian consumption fueled peak commodities prices and enabled Latin America and Africa to notch sustained high growth rates is attributable to Chinese and Indian demand, not America’s open markets.
It’s a big deal that China is using infrastructure as a peaceful way of extending its influence around its periphery. We should expect to see increased port developments in Eurasia territories, which will translate to greater trade efficiency.
Regionalism and reciprocity become the most important barriers to escalation of tensions. Globalization’s advance is the only antidote to the logic of superpower-centric rivalries – replacing war with tug-of-war.
Leadership today is about who provides the infrastructure financing, technical assistance, construction equipment and other essential underpinnings of the modernization most of the world still needs to achieve.