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Podcast | Culture and the Creative Economy

Episode 1: Riding the Korean Wave

Podcast | China's food future

Podcast | China's food future

The Hinrich Foundation Sustainable Trade Index 2020 - Workbook

International trade has helped to lift hundreds of millions of people around the world out of poverty, but the benefits do not come without risk. Right or wrong, labour disruption, environmental degradation, and worsening inequality are frequently associated with trade. However, proactive and responsible policy can harness the good elements of trade while mitigating the bad, making for a more robust global trading community. 

The Hinrich Foundation Sustainable Trade Index 2020

Sustainability was gaining more traction in the years leading up to the Covid-19 pandemic. Firms stepped up commitments to corporate social responsibility (CSR) initiatives. Investors started incorporating environmental, social and governance (ESG) issues into their asset allocation decisions. And consumers voted with their wallets to support sustainable production, purchasing goods with certified claims regarding their environmental impact and use of labour.

The Hinrich Foundation Sustainable Trade Index 2018

Yet the enthusiasm in Asia for trade does not appear to have waned. This broad societal consensus behind international trade has enabled Asian countries to continue broadening and deepening existing trading relationships, for example, by quickly hammering out a deal for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in early 2018 following the US’s withdrawal from its predecessor in 2017.

The Urban Transit Evolution

This new report, sponsored by Siemens UK, which reviews some of the urban mobility challenges facing well-established, congested cities. It provides a roadmap for city leaders to overcome these challenges, with a focus on factors to consider when making decisions around infrastructure projects and transport policies.

Key findings of the report include:

Balancing government budgets amid uncertainty

The past three years have given rise to a series of shocks that have affected geopolitics and global economics. Developments such as the US-China trade tensions, the covid-19 pandemic and the war in Ukraine are weighing heavily on governments’ budgets. Government responses to such shocks have led to public borrowing and spending on an unprecedented scale. Traditional government budgetary processes have also been upended in response to these shocks, leading to more agility, but less transparency.

Cooperation in a fragmented world—why the signs are not encouraging

Cooperation in a fragmented world was the theme of this year’s World Economic Forum (WEF) in Davos, Switzerland. While cooperation was high on everyone’s agenda, there was a realisation that ongoing fragmentation was a genuine concern for the global economy. As many conversations focused on sustainability, inclusion and digitalisation, efforts are complicated by increasing geopolitical and economic uncertainty.

After many panels, roundtables and discussions at Davos, here are my three key takeaways from this year’s WEF:

The impact of China’s reopening on global supply chains

China remains the dominant manufacturing hub globally in 2023 and has been for the past ten years. So, any reshaping of supply chains due to their reversal of the zero-covid policy will not happen overnight due to the complexity that has been built up over the last decade, with China at the epicentre.

The outlook series: what to watch in FDI in 2023

It will be a difficult year for Foreign Direct Investment (FDI). Despite the nascent recovery in global FDI flows that followed the covid-19 shock, momentum slowed in 2022 [1]. With the global economy facing recession in several key markets—due to high inflation, rising interests and the war in Ukraine—FDI will likely see another subdued year in 2023. However, the macroeconomic outlook is not the only deterrent to FDI flows.

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