Five years since the onset of the financial crisis most Western economies are still struggling to return to healthy growth and employment levels. This week Kishore Mahbubani, Dean of the Lee Kuan Yew School of Public Policy, asks whether Europe and Japan will indeed ever recover their “animal spirits”.
The US ‘pivot’, a policy of re-balancing America’s economic, military and political focus toward the Asia Pacific was instigate in 2011. The Pivot came in response to tensions in a region that is now at the centre of the world economy. Some however claim that it includes a common thread of policy initiatives that reveal a thinly veiled attempt to encircle China.