Ian Bremmer, President & Founder of Eurasia Group, says the growth of China as a geopolitical player means many countries – particularly those in the Asia-pacific region – will be forced to make difficult decisions around tech when it comes to aligning with the world’s superpowers.
“Some countries in the next 10 years are going to have to make choices,” he said. “I don't just mean countries like Laos and Cambodia.”
”I even mean countries like South Korea where the government is increasingly being oriented in a Beijing direction both politically and overwhelmingly economically.”
The comments come amid suggestions the wealth generated in Asian markets is outgrowing local capacity to absorb it, opening up opportunities for regions like Australia.
“What continues to drive this secular shift is real growth in GDP, growth in wealth across the Asian countries, and the resultant growth in liquidity,” Jimmy Choi, head of capital markets, global, at ANZ, told The Australian Financial Review.
“The first theme is that investors buy their own country's paper, so you see Chinese investors buying Chinese names."
“But as significant liquidity grows, it starts to need to diversify – and that’s where Australian issuers come in.”
Shane White is Content Manager, Institutional at ANZ