The End of Superpowers?

The 21st century economy will evolve from a U.S.-dominated landscape to a “multiple power” system whose success will hinge on cooperation, not competition.
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TRANSCRIPT

Question: What makes you optimistic about the 21st-century economy? 

Edward Tse:  You know, as China, you know, continues to rise and perhaps India and a few other sort of so-called emerging markets I think we’re seeing a redefinition of the global geopolitical picture.  I think you know we will evolve more from a you know single superpower to perhaps multiple power, maybe not superpower, but sort of multiple power picture where everybody will see to work with everyone else in a more closer manner and I believe that notwithstanding a lot of discussion about you know protectionism and people who are trying to protect this and that and so I believe the world will move towards perhaps a more globalized environment where countries will have to work closer together on a similar agenda.  I think the U.S. will continue to play a major leadership role in many of these major geopolitical issues.  I will expect countries like China, India, Russia, and of course many of the western European powers will also play an important role.  I think a large link to others is, you know, the growth of the global multinational companies that these companies will work across national borders.  They will do businesses you know in various countries and you know in some cases they will have to apply the global processes and systems, but in many cases they also need to be very local.  You know, in places like the U.S. and China and Japan and India you have to be very local, so that ability to combine the globalness of companies as well as to become very local is going to be a real challenge of the leading multinational companies, but I am very optimistic that you know we’re going to have quite a number of these companies who can be very successful, can sort of develop the right model to take advantage of the globalization that we’ll be seeing over time.