The Four Waves Of Australia’s Asian Ties
Nearly half a century ago, Geoffrey Blainey’s The Tyranny of Distance argued Australia’s geographic position shaped our psychological attitudes. The long distance between Australia and our colonial forebears in Europe and the United States made us unsure of our future economic prosperity. Australia’s post-World War Two economic relationship with Asia can be seen in terms of four ‘waves’ – concluding with the rise of trade in services. This is a story of how, by some crucial breakthroughs, Australia has replaced the tyranny of distance with the power of proximity.
Living In A Fragmented World: Mapping The New Landscape Of Global Business
Oxford Analytica/ Private Wealth Network
Profound changes are underway in the landscape of global business. Oxford Analytica calls it ‘living in a fragmenting world’ – one in which global power is increasingly congregated around new nodes, countries and entities. In a fragmenting world, power and influence are subject to powerful new forces, such as environmental, technological and demographic change. These developments pose fundamental challenges and opportunities for global corporations, public organisations, non-profits and family offices.
In this briefing book, Oxford Analytica examine five key themes that are re-shaping the landscape of global business – Geopolitics, Ubanisation, Wealth Distribution, Environment and Technology.
Global Financial Centres Index 18
London, New York, Hong Kong, and Singapore remain the four leading global financial centres. New York (2nd) is now only 33 points ahead of Hong Kong (3rd). Tokyo (5th), is only 25 points behind the leading four centres. Sydney came in at 15th and Melbourne at 27th.
GFCI 18 provides profiles, rating and rankings for 84 financial centres, drawing on two separate sources of data – instrumental factors (external indices) and responses to an online survey. 105 factors have been used in GFCI 18. GFCI 18 uses 28,676 financial centre assessments completed by 3,194 financial services professionals. In addition to the 84 centres covered by the index, 12 ‘associate centres’ are being researched and will join the index when they receive sufficient assessments.
Unlocking The Future: The Keys To Making Cities Great
By Shannon Bouton, Jay Dearborn, Yakov Sergienko, And Jonathan Woetzel – McKinsey
More than half the world lives in cities, and that figure is likely to increase to 60 percent by 2030, adding 1.4 billion more people than today. The rush to urban centers, particularly in emerging economies, is driven by a desire for a better life with more opportunities—as economies start to centralize in cities, so do people. The McKinsey Global Institute (MGI) has estimated that between now and 2025, the world’s urban population will grow by 65 million people a year, or almost 179,000 every day. Meeting the needs of this changing demographic will be challenging. What has to happen to make a good city? Or a great one? Those are urgent questions. Because cities are where the future is, urban environments need to evolve to match human aspirations. Effective urban leaders focus on doing three things well. This articles discusses the three principles which apply widely, regardless of economic conditions or geography.
The Four Global Forces Breaking All The Trends
By Richard Dobbs, James Manyika, And Jonathan Woetzel – McKinsey
The world economy’s operating system is being rewritten. In this exclusive excerpt from the new book No Ordinary Disruption, its authors explain the trends reshaping the world and why leaders must adjust to a new reality. In the Industrial Revolution of the late 18th and early 19th centuries, one new force changed everything. Today our world is undergoing an even more dramatic transition due to the confluence of four fundamental disruptive forces—any of which would rank among the greatest changes the global economy has ever seen. Compared with the Industrial Revolution, McKinsey estimate that this change is happening ten times faster and at 300 times the scale, or roughly 3,000 times the impact. Although we all know that these disruptions are happening, most of us fail to comprehend their full magnitude and the second- and third-order effects that will result. Much as waves can amplify one another, these trends are gaining strength, magnitude, and influence as they interact with, coincide with, and feed upon one another. Together, these four fundamental disruptive trends are producing monumental change.