Power shift to Asia offers opportunity and challenge to German companies
IS this the beginning of the Asian Century? There are many indications that it is. There is no doubt that the balance of power is shifting.
The United States is still the world's largest economy. Yet, while it was once the strongest proponent of free trade, "America first" - with a tendency towards "America only" - now applies at the centre of power. That is reflected by the tonality with which the US asserts its interests.
Europe is struggling with internal challenges and essentially has no uniform foreign economic policy. Given the different horizons of the large and small member states and the chaotic state of the Brexit proceedings, improvement cannot be expected without fundamental reforms.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access