Is the future of the global digital economy under threat?

Nov 07, 2018, 12:54 PM

A new format unveiled at this year’s GTR Asia Trade & Treasury Week, GTR’s Debating Chamber will incorporated a debate format whereby speakers argued their viewpoints on key issues to an engaged room of participants. This episode we hear from Alex Capri, Senior Fellow at NUS Business School & Carl Wegner, Managing Director and Head of Asia for R3 as they debate whether the future of the global digital economy is under threat.

Debate 1: Is the future of the global digital economy  under threat? 

Yes: Alex Capri, Senior Fellow, NUS Business School
The decision by US regulators to block the sale of MoneyGram  to Alibaba’s Ant Financial platform was badly received in Beijing, whilst ongoing concerns around sanctions adherence by the Chinese tech giant ZTE and US investigations into Chinese violations of US intellectual property continue to heighten tensions. With the geopolitical environmentchanging considerably, many western companies looking to break into the Chinese market could get caught in the crosshairs, causing havoc for regional supply chains.

No: Carl Wegner, Managing Director, Head of Asia, R3
It will take more than political wrangling to slow the formidable growth  of the technology sector in Asia. China continues to be a leading force in developing blockchain for trade finance, with more developers in Beijing than any other city and with Chinese banks and companies already moving projects into the production phase. Chinese fintech companies