41_European_Business_Magazine_Summer_2021

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UK’S ‘GLOBAL BRITAIN’ VISION:

Delusion, Deceit or Neither?

evident in Gao Jian’s commentary in Global Times. Coining the ‘Global Britain’ vision as a strategic deceit of the Johnson government, Gao’s scepticism is based on the three rationales from economic, diplomatic and strategic domains. Economic wise, Gao sees Britain caught within its domestic economic crisis and as such, lacks the material basis to push such global vision. In terms of diplomacy, the UK is not only having an uneasy relationship with the EU, but also facing deteriorating ties with China (second’s largest economy) as well as mired in disadvantageous alliance with the US. Such challenges, to Gao, is not working in favour of the UK’s ‘new’ role within the ‘Global Britain’ vision. As far as strategic domain is concerned, Gao considers the UK as losing its own strategic autonomy in its alliance with the US and this, in turn, hampers its strategic manoeuvring in responding to the volatile international environment today. Chee Leong Lee April 27, 2021

T

he first discourse draws from the European-centric perspective in which Jeremy Shapiro and Nick Witney published their piece in Foreign Affairs magazine. Calling the ‘Global Britain’ vision as a delusionary promise, both authors see the Johnson government not facing the reality of which the UK is in. From COVID-19’s economic and public health impacts to the nation’s financial constraint, the two scholars view the UK as a middle power that is short of having the

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necessary conditions in pulling out an expensive plan as the ‘Global Britain’ vision. Instead, both suggest that the Johnson government seeks its strengths closer at home and for that purpose, charts its economic and foreign policy paths through close cooperation with the EU. In other words, Shapiro and Witney see no basis for the UK to engage Asia or Indo-Pacific independently since its economic, cultural and geographical fortunes lie with the European continent and not the other part of the world. The second discourse comes from the Chinese-centric perspective that is

The Three Realities Regardless of either of these two discourses, these scholars have yet to take into account the three stark realities in Asia or Indo-Pacific (as coined by the US-led alliance and the UK) region. First and foremost, Asia or Indo-Pacific is the future in which the global economy will revolve around. In particular, the fast-emerging ASEAN region has the potential to be an even bigger economic driver in spite of the COVID-19 pandemic. For example, the total e-commerce market size of six Southeast Asian


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Articles inside

Cambridge Judge Business School Collaborates with Esme Learning to Launch Executive Education Online Programmes in Startup Funding, RegTech

5min
pages 90-94

How to design and build a ‘sticky’ app

4min
pages 88-89

Global Digital Business Identity Initiative Launches to Boost Financial Inclusion for African Businesses

6min
pages 83-85

Why manufacturers should now plan their Covid exit strategy and what to consider

5min
pages 80-81

18 thousand people in the world have left extreme poverty thanks to impact Market, a new blockchain startup for social impact

2min
page 82

Almost half of consumers are ‘scared’ of open banking

4min
pages 78-79

As cities fill tech gaps, power of smart cities unleashes, report finds

4min
pages 76-77

Does Central Bank Currency Spell The End For Crypto?

5min
pages 74-75

AI In Banking: Hype Or Revolution

5min
pages 72-73

How the Union is stifling economic development and why Europe will never flourish under the EU

6min
pages 70-71

Global Debt at Risk of “Qualitative Change”

4min
pages 68-69

Building a finance function from the ground up

3min
pages 56-57

Post Covid: To Inflate or Deflate?

3min
page 65

Digital Confidence Will Play A Critical Role In Allowing Businesses

4min
pages 54-55

Big Tech Gets Bigger

3min
page 45

Is The Future Of Currency Centralised Or Decentralised?

5min
pages 46-47

Driving sales in a transformed business world

18min
pages 48-53

HOW SEARCH ENGINES REALLY WORK

24min
pages 58-64

Why Is Big Data So Important?

5min
pages 66-67

How have business priorities changed pre- and post-Covid?

5min
pages 42-43

UK calls for independent consultants to help drive pandemic recovery

2min
page 44

A New Global Business Model for A New Era of Global Business

5min
pages 36-37

The Best Tax Software Available And Why Multinationals Are Using Them For Cross Border Payments

4min
pages 38-39

Taxing Big Tech

3min
pages 34-35

Gymshark: The Fitness Brand Phenomenon

4min
pages 40-41

Tax: Rewriting the Rules

7min
pages 31-33

Italy may have no unicorn startups - but you shouldn’t be fooled by it

3min
page 30

European Business Magazine catches up with Oliver Werneyer

5min
pages 26-27

Delusion, Deceit or Neither?

6min
pages 22-23

News

10min
pages 10-14

Hattie Whiting, ForwardPMX

2min
page 15

A Rainbow in the Rain

4min
pages 20-21

First Stop Shop

2min
page 18

Hybrid working will create a resurgence in data analytics Here’s how to get on board

5min
pages 24-25

Why businesses need to be focusing on sustainable transformation not digital transformation

4min
pages 28-29
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