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Show Notes
HSBC Senior Global Economist Karen Ward discusses her report, 'The World in 2050', where among other things, she forecasts Malaysia as being among the world's wealthiest nations;
Discusses demographics as featuring quite prominently in scenario planning;
The potential hindrance of energy availability;
The work of Harvard’s Robert Barro, and how Ward uses his theories in her report;
The relevance of economic governance, human capital and the starting level of income per capita in relation to Malaysia in her assumptions for Malaysia to be a key winner;
Other challenges such as the rule of law;
Regime change and execution risk;
Brain drain, affirmative action, language obstacles;
And whether population growth and adequate training as the single biggest determinants are sufficient;
She also talks about risks such as protectionism and price inflation.
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