Newsletter By 2020-06-28
In ANBOUND's latest strategic report Past and Present of Globalization, we would like to define and understand the globalization from a comprehensive framework, and not merely fragmentizes and localizes the entire issue to be a hypothetical narrative as “globalization of the economy”. Various geopolitical shocks would occur frequently, incl. (1) Economic austerity, (2) Serious geopolitical conflicts, (3) Large-scale industrial restructuring, (4) Left-leaning politics, (5) Social tides overpowering the elites’ right of speech, (6) The emergence of newly discovered spaces, (7) Increase in social costs, (8) The rise of total social price and (9) The fragmentation of global space. The processes of globalization and inverse-globalization are irrational, but we remain to have chances to choose them or not. It is precisely due to this dynamic factor that as long as the power of capital has not dwindled, globalization will continue to move forward after the inverse-globalization.
>>ANBOUND scholars discussed a lot about the significance of the Sino-Japanese relationship in the context of the degenerating U.S.-China relations. The global order is getting even more unstable. Washington and Beijing have already stepped into a new Cold War; Europe keeps its foreign policy increasingly independent, and the domestic situation in Japan is also shifting. If China and the U.S. are bringing uncertainties to this world, Tokyo would be one of a few stabilizing factors left in today's international politics. A "1+3" model has been proposed to depict the current world status (America + China, Japan & Germany). President Xi's future visit to Japan is anticipated as an anchoring point. Beijing desires to be pushing this visit to take place as the soonest time as possible.
>>Instructed by ultra-loose monetary policy, the ultra-low interest rate is expanding rapidly in the world. Interest rate is less and less as a measure of currency and financial prices. ANBOUND’s economists said that the Federal Reserve initiated ultra-loose policy has shown negative effects, especially the weakened function of interest rate, which makes it difficult to reflect the real financial demand and supply. The side effects of "killing" interest rates are significant, which directly result in "debt monetization" among many countries, making the national policies to play an increasingly strong role in markets. The global monetary system would accelerate the shift towards the geopolitical pattern.
>>【Driving Cybersecurity Performance: Improving results with evidence-based analysis webinar】 Date: July 1, 2020 (Wednesday) Time: 10:00 p.m. (GMT+8).
ESI ThoughtLab, along with Verizon and a group of cybersecurity advisors release findings from study of 1,009 of the world’s largest firms. A comprehensive study conducted by ESI ThoughtLab reveals that increased investment in cybersecurity can generate a significant ROI of 179% and provide greater protection as companies cope with the fallout from COVID-19. The study benchmarked the cybersecurity investments, practices, and performance metrics of 1,009 firms across 13 industries and 19 countries to identify the most effective approaches for mitigating cybersecurity risks and losses. The theme of the webinar is to examine findings from Driving Cybersecurity Performance to assess what cybersecurity investments generates the most ROI as large firms fend off rising cyberattacks. Presenters include David Grady, Verizon Chief Security Evangelist and Lou Celi, CEO, ESI ThoughtLab.
Under the extraordinary circumstance that the employment pressure is escalating along with the Covid-19 pandemic, when speaking of the concept “street-stall economy”, what the Chinese central government is truly referring to provide with an option rather than a one-size-fits-all solution. The central objective is to boost the prosperity in cities and on streets, and away from the endless cycle that plagues China’s economy. However, the local governments go to the plunge from one extreme to another, repeating the infrastructure craze previously. In a couple of days, the street-stall economy has experienced its big transformation. The root shall be the extensive model adopted by urban and economic governors.
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