Criminals from across the globe have long exploited the lucrative business of kidnapping. Estimated to extract $0.5bn to $1.5bn from their victims each year, it is no wonder the appetite for it among criminal gangs is growing.
NB: This article reflects the view of the writer, and does not reflect the stance of The Warwick Economics Summit
A democratically elected government, in recent times, have been synonymous with the image of good governance. The picture of smartly dressed MPs debating passionately on the UK’s green parliament bench, coupled with the relatively melodious “odd-deur” bellowing loudly from former speaker John Bercow’s deep vocals, has been etched on the minds of voters as the embodiment of free speech and democracy.
Free speech, the belief that everyone’s voice and opinions deserve recognition, has been the cornerstone of Western democracy. It goes by unchallenged, lacking a credible ideological competitor, where many in the world accept it as an inherent good that is pursuable as an ends to itself. But its once unquestionable dominance as the most optimal model of governance is now being contested by China, whose meritocratic, yet very much autocratic, model of governance have paid out substantial dividends to the country in terms of economic growth and development.
In what may be a reckoning for the tech world, Wall St has started to run from companies funded by the Japanese conglomerate SoftBank.
The co-working real-estate startup WeWork has been in turmoil since filing its public-offering paperwork in August. On September 16th, WeWork announced it was delaying its IPO indefinitely, cutting its valuation from $47 billion to as low as $10 billion following frosty investor response and ousting CEO Adam Neumann.
On Sunday, 18th August, 1.7 million people gathered in Hong Kong’s second-largest pro-democracy march, defying a police ban and increasingly sinister warnings from the Chinese Central government. The demonstration, the latest in a series of protests which have gripped the island region, was initially sparked in June 2019 by a widely controversial extradition-bill which would empower local authorities to detain and extradite individuals to countries Hong Kong does not have formal agreements with, including Mainland China and Macau. Fears were ignited that these laws would undermine the autonomy of the region by placing Hong Kongers and visitors under mainland Chinese jurisdiction, where forced confessions and unfair trial procedures for political prisoners are common. Continue reading “Hong Kong Protests: Danger, Democracy, and Disillusionment in the Far East”
In a two-part series, the Warwick Economics Summit explores how changing consumption, trade and business patterns are set to reshape the global economy, and how the might of the Asian consumer is pulling the centre of economic gravity towards them.
In the second part of the series, we wonder if the political power will shift as well, most notably the tango of values between the United States and China. It might be the case that the economic engine of the world is the East, but the political driver may very well be the West.
In a two-part series, the Warwick Economics Summit explores how Asia is set to transform the world over the course of the next decade. Primarily using research from McKinsey, we discuss how changing consumption, trade and business patterns are set to reshape the global economy, and how the might of the Asian consumer is pulling the centre of economic gravity towards them.
The economic centre of power is shifting, that much is accepted. But in the second part of the series, we wonder if the political power will shift as well, most notably the tango of values between the United States and China. It might be the case that the economic engine of the world is the East, but the political driver may very well be the West.