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.<br /><br />Question: What makes you optimistic about <br /> the 21st-century <br />economy? <br /> <br />Edward <br />Tse: You know, as China, <br />you know, continues to rise and perhaps India and a few other sort of <br />so-called <br />emerging markets I think we're seeing a redefinition of the global <br />geopolitical <br />picture. I think you know we will <br />evolve more from a you know single superpower to perhaps multiple power, <br /> maybe <br />not superpower, but sort of multiple power picture where everybody will <br />see to <br />work with everyone else in a more closer manner and I believe that <br />notwithstanding a lot of discussion about you know protectionism and <br />people who <br />are trying to protect this and that and so I believe the world will move <br />towards perhaps a more globalized environment where countries will have <br />to work <br />closer together on a similar agenda. <br />I think the U.S. will continue to play a major leadership role in <br /> many <br />of these major geopolitical issues. <br />I will expect countries like China, India, Russia, and of course <br />many of <br />the western European powers will also play an important role. I think a large link to others is, you <br />know, the growth of the global multinational companies that these <br />companies will <br />work across national borders. They <br />will do businesses you know in various countries and you know in some <br />cases <br />they will have to apply the global processes and systems, but in many <br />cases <br />they also need to be very local. <br />You know, in places like the U.S. and China and Japan and India <br />you have <br />to be very local, so that ability to combine the globalness of companies <br /> as <br />well as to become very local is going to be a real challenge of the <br />leading <br />multinational companies, but I am very optimistic that you know we're <br />going to <br />have quite a number of these companies who can be very successful, can <br />sort of <br />develop the right model to take advantage of the globalization that <br />we'll be <br />seeing over time.<br /><br />Question: What makes you optimistic about <br /> the 21st-century <br />economy? <br /> <br />Edward <br />Tse: You know, as China, <br />you know, continues to rise and perhaps India and a few other sort of <br />so-called <br />emerging markets I think we're seeing a redefinition of the global <br />geopolitical <br />picture. I think you know we will <br />evolve more from a you know single superpower to perhaps multiple power, <br /> maybe <br />not superpower, but sort of multiple power picture where everybody will <br />see to <br />work with everyone else in a more closer manner and I believe that <br />notwithstanding a lot of discussion about you know protectionism and <br />people who <br />are trying to protect this and that and so I believe the world will move <br />towards perhaps a more globalized environment where countries will have <br />to work <br />closer together on a similar agenda. <br />I think the U.S. will continue to play a major leadership role in <br /> many <br />of these major geopolitical issues. <br />I will expect countries like China, India, Russia, and of course <br />many of <br />the western European powers will also play an important role. I think a large link to others is, you <br />know, the growth of the global multinational companies that these <br />companies will <br />work across national borders. They <br />will do businesses you know in various countries and you know in some <br />cases <br />they will have to apply the global processes and systems, but in many <br />cases <br />they also need to be very local. <br />You know, in places like the U.S. and China and Japan and India <br />you have <br />to be very local, so that ability to combine the globalness of companies <br /> as <br />well as to become very local is going to be a real challenge of the <br />leading <br />multinational companies, but I am very optimistic that you know we're <br />going to <br />have quite a number of these companies who can be very successful, can <br />sort of <br />develop the right model to take advantage of the globalization that <br />we'll be <br />seeing over time.
