I gave the speech below at a central bank conference on 24th November in Asia.
De-globalisation is not the dominant theme
De-globalisation is the word of the year thanks to the victories of the Brexit vote camp and Donald Trump. It is a convenient catch-all term, but I think it can obscure more than it reveals. For example, it does capture the campaign messages of many elections in the West, yet it fails to capture the mood in Asia. Countries like China, India and Japan are still eager to participate in free trade agreements, but have still experienced a shift away from its earlier political order. I think rather than de-globalisation, the more appropriate narrative is re-establishing trust in government. This provides a better way of preparing for investing in 2017 and beyond. Let me explain. Continue reading “Understanding the New World Of Politics (8 mins)”
I can’t help but write about Trump! This time I’ve looked into other instances of celebrities that have become leader of their nations in their first elections. I can only find two cases: Sweet Micky of Haiti and Silvio Berlusconi of Italy. If you know of any other, let me know, but here are the details of how they did it and what happened during their leadership:
Continue reading “Celebrity Apprentice President (3 min read)”
The one thing we have learnt from the US election campaign is that social media (and regular media) can easily paint a one-sided picture of the “other side”. Donald Trump exploited this to his advantage to ensure he was able to get the coverage needed to become president. But using the image of Trump seen in that medium would then by definition be distorted. To get a better handle on who Trump really is, I thought it would be better to trawl through all his views and show them in his own words. Thankfully I came across a book called “Trump on Trump” by George Beahm that collated much of his speeches and interviews since 2015. I’ve picked out the bits I thought most relevant for us all, and you’ll find Trump is not who you imagined to be: Continue reading “The Real Trump In His Own Words (5 min read)”
Many would think that the typical Trump supporter is someone who has lost out to free trade, is poor and white. It turns out not all of this is true.
Continue reading “Trump Supporters Are Not Who You Think”
I recently came across an excellent paper called “Going to Extremes: Politics after Financial Crisis, 1870-2014” by Funke, Schularick and Trebesch (2015). It conducts one of the first ever studies of how politics changes after financial crises in 20 advanced economies going back over one hundred years. It seems very apt given the changes we are seeing around the world. The study has four main conclusions: Continue reading “Why Is Extremism On the Rise?”
Targeting people for the colour of their skin, unfortunately, continues to this day, whether it is racist attacks seen in the UK following the referendum, black victims of police brutality in the US, or violence against refugees in continental Europe. But things can change for the better.
In 1963, the US National Guard had to be sent to protect two African American students Vivian Malone and James Hood as they enrolled at the University of Alabama. Continue reading “The Revolutionary Speech On Race”