Huawei, the telecommunications company that promises to revolutionise connectivity, faces a powerful adversary in the form of the US. Founded in 1987, Huawei has become the dominant player in its field, outcompeting its European 5G rivals. The technology company is also a significant player in the smartphone industry, beating Apple in overall sales, thus jumping to second place and in the process separating the two smartphone giants; Apple and Samsung, for the first time in seven years. Huawei’s tenure as the dominant 5G provider has not been a comfortable one.
As Brexit runs havoc around the country, having already swallowed two Prime Ministers and looking hungry for a third, we injected game theory into this labyrinth in hopes that it might shed some light into this perplexing puzzle playing out in front of us.
In recent years, the rapid-emergence of parties associated with Populism on the Right and Left of the political spectrum has been a growing trend, represented by a number of shock election-outcomes in countries including Brazil, India, the Philippines, and the UK. WES has the chance to interview Prof. Chris Anderson, a Research Associate at the Centre of Comparative Advantage in the Global Economy and Director of the PPE program at the University of Warwick, about the underlying causes of Populism and his views on the future of reactionary outcomes.
We began the interview by discussing a recent research paper co-authored by Professor Anderson titled: ‘Crisis of Confidence? The Dynamics of Economic Opinions during the Great Recession”. In the paper, Prof. Anderson discussed how real economic variables and political structures of nations affected the perception of crises leading to different voting behaviour. In Prof. Anderson’s analysis of the extent of influence economic outcomes had on the recent surge towards populism, we asked this question: were the populist outcomes a direct consequence of the Global Recession or instead symptomatic of a permanent move away from established policy?
“A hell of a lot. Whether policymakers take our advice is the real question.”
This year’s WES Presents was kicked off by Professor Jagjit Chadha, director of the National Institute of Economic and Social Research (NIESR). In a time where the role of experts seems to be increasingly distrusted in public discourse, he highlighted the value of rigorous economic analysis rather than reductive political sensationalism in the search for the right answers in policy, forecasting and analysis of the past.