For decades, the world has seen the dominance of the US as the global superpower, globalization and free trade as the key economic drivers, and western-style democracy as the political prescription. In recent years, we have witnessed many of these conventions being challenged or overturned with the election of President Trump, the Brexit vote, the emergence of autocratic rulers in many parts of the world and ultra-rightist parties in Europe, and the rise of China. Will these now be the new norms going forward?
For example, the ongoing trade showdown between the world's two biggest economies could be a start of a new economic architecture. While the implications of this spat are still unfolding, any disruption to international trade has inevitably affected economic growth as vast proportion of goods traded today are linked to global value chains.
How will international trade be impacted if the United States follows through on its threats to leave the World Trade Organization? Which economies will step in to fill the void left by a retreating US? And what can investors do to navigate an increasingly multi-polarized world, where self-centered models of growth increasingly become the norm?
This year's opening keynote will present insights into these global trends with special attention to the brewing conflict between China and the United States and their impact on economies and markets.
- Anthony Gardner
U.S. Ambassador to the European Union (2014-2017)
- Ho Kwon Ping
Founder and Executive Chairman, Banyan Tree Holdings and Laguna Resorts and Hotels
Moderated by Lito Camacho
Vice Chairman, Asia-Pacific, Credit Suisse