There are obstacles to be overcome, but the time is coming soon when both traditional and digital forms of currency will be trusted and accepted by all JULY 2022 Arturo Bris Director of the World Competitiveness Center and Professor of Finance at IMD Business School For an asset to be a medium of exchange it must be fully accepted by all, and this is the role that central banks play. Photo by Dmitry Demidko on Unsplash. The basic principle…
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China is posing many challenges to the Indo-Pacific region in 2022. How should Canada and Australia respond? JULY 2022 Margaret McCuaig-Johnston Senior Fellow, Graduate School of Public and International Affairs, University of Ottawa John Garrick University Fellow in Law, Charles Darwin University Neither Canada nor Australia currently has a comprehensive strategy for the Indo-Pacific region. But it’s essential that both develop one given the rapidly evolving environment in the area. First, NATO recognised the importance of the region at…
By Steven Irvine – Founder, CEO & Editor ‘Week in China’ ECONOMY, TALKING POINT A terrible second quarter China’s ‘zero-covid’ policies take toll on its 2022 growth target Jul 2022 (WiC 594) ‘Zero-Covid’ means zero growth. That was one way of responding to China’s latest economic data at the end of last week, which showed that GDP growth slowed to 0.4% in the second quarter compared to a year ago. It was the second worst performance in 30 years and trailed only…
A digital revolution is driving growth across Asia Pacific, transforming the way we live, work and do business. It is little surprise that this region is blazing the digital trail for the rest of the world: Demographically — Asia Pacific has a growing population, a growing workforce and a growing consumer class Digitally — It is home to a fast-growing population of digital natives Dynamically — A combination of better access to the internet, growing prosperity and improved education has…
Global plastics production has grown significantly in recent decades. Highly versatile, light and affordable, plastic materials are employed in countless industrial applications and have become extremely useful for modern society. They help us preserve food, insulate buildings, make electronics work and increase the fuel efficiency of our vehicles, among other things. Yet, the sheer magnitude of our societies’ consumption of plastics bears important drawbacks. Plastics use results in a high production-related carbon footprint, high volumes of waste, persistent pollution and…
Although the job climate looks uncertain, employees are enjoying a healthy work-life balance 05.07.2022 Unravel editorial team A commuter waits to board the underground rail in Seoul. Photo by Shutterstock. The pandemic uprooted changed the way we worked, communicated and lived. Amid ensuing lockdowns and social distancing measures, work shifted home. Many had to immediately get accustomed to working remotely, regardless of whether they wished to or not. Now that the world is slowly coming to grips with the…
Weaker growth in China owing to stringent COVID-19 restrictions and an increase in US interest rates could dampen the region’s economic growth prospects for the remainder of the year July 2022 Louis Kuijs Asia-Pacific Chief Economist at S&P Global An aerial view of Tanjung Priok industrial port in North Jakarta. Photo by Shutterstock. With the exception of China, Asia-Pacific is breathing easier than the rest of the world. Global obstacles have altered the outlook in the past three months….
By Steven Irvine – Founder, CEO & Editor ‘Week in China’ ECONOMY, TALKING POINT Greener pastures Chinese firms look for new growth in ‘Going Overseas’ trend July, 2022 (WiC 591) Shein, the Chinese app popular with clothes shoppers overseas After launching the open-door policies and economic reforms of the late 1970s, Chinese policymakers made inward foreign investment the first priority for their economy. With China’s accession to the World Trade Organisation in 2001, ‘Going Out’ then started to become more of an…
Super Six Racing has spent over five years developing and extensively testing and trialing a new team-based horse racing format. The result is a new fast paced, thrilling spectator sport that stands out in the modern sporting arena. Operating under the brand name ‘Global Team Horse Racing (GTH)’, it is a gamechanger, transforming the most traditional of sports into a dynamic sporting entertainment for the whole family. GTH LIVE transforms the racing format without losing the essence of the…
The Caveat that this was based on business sentiment prior to Russia/Ukraine conflict erupted in Feb of 2022, but still covers some interesting trends, initiatives and actions which remain relevant and even more urgent given this event, inflationary woes and ongoing supply chain disruption. A key takeaway from this report is that the regional policy community is optimistic about the prospects for growth over the next 12 months which may well now be tempered given the sudden shock of a…