Blog Beginning of a New Era?

Beginning of a New Era?
Seismic shifts in the global economic and political landscape, marked by rising nationalism and an increasing tendency towards protectionism, are competing against ongoing reforms in China, technological innovation and disruption to financial services in ways never seen before.

Global business and political leaders, academics and thought leaders will come together in Hong Kong at the 20th Credit Suisse Asian Investment Conference (AIC), March 27-30, to consider how these disparate, but ultimately interconnected, changes play-off against each other and to reflect on whether this is the “Beginning of a New Era?”

The election of President Donald Trump in the US and the Brexit vote in the UK marked unforeseen pivots for global politics and economics that will have far-reaching implications. Glenn Hubbard, now the Dean of Columbia Business School and former Chairman of the White House Council of Economic Advisors (2001-2003), will join John B. Taylor, a professor at Stanford University and former member of the President’s Council of Economic Advisors (1989-1991), to discuss the economic dimension of these changes, and to forecast where the global economy could be headed next.

From the political perspective, Nicolas Sarkozy, President of the French Republic (2007-2012), and the Rt. Hon. Sir John Major KG CH, former Prime Minister of the UK (1990-1997), will each deliver a keynote address on their view of the impact of rising nationalism across Europe, and what this means for politics and policy.

Another dimension of these changes is the increasingly rapid push towards a world that Credit Suisse describes as “multi-polar”. In this new paradigm, the balance of global power no longer rests on the traditional US-Europe axis but on three poles of Europe, the Americas and Asia Pacific. The implications of this shift are significant for every economy, including China, which has emerged as the agenda-setter in Asia.

Understanding the implications of the many changes underway requires informed discussion and debate. What is the best approach to economic policy in a post quantitative-easing monetary environment? How will the political, trade and investment links between the West and the East evolve? How will Asia’s many and disparate economies develop? Where will the next big opportunities for business growth come from?

The AIC will feature insight into these questions, including the expert views of Dennis P. Lockhart, a former member of the US Federal Open Market Committee and Former President and CEO of the Federal Reserve Bank of Atlanta, and Wayne Berman, a Senior Republican Party strategist and Senior Advisor for Global Government Affairs at private equity firm The Blackstone Group.

The role of China is also critical in the multi-polar and increasingly nationalist world. Through its own economic reforms, China is seeking to position its economy for long-term sustainable growth while ensuring political stability.

Professor Jing Huang, Lee Foundation Professor on US-China Relations and Director of the Centre on Asia and Globalization at the Lee Kuan Yew School of Public Policy in Singapore, and Fan Jianping, a Research Fellow at China’s State Information Centre, will examine the steps taken by Beijing’s leadership to ensure stability and whether they have been successful.

In bringing global thinkers together to tackle the defining questions of our time and consider whether this is the “Beginning of a New Era”, the 20th Credit Suisse Asian Investment Conference will provide attendees with unique insights to make key investment decisions.