Hong Kong and Singapore march ahead

Asia is in the vanguard of globalisation, driven by Hong Kong and Singapore, but businessmen are pessimistic about the challenges ahead, according to a new report by Ernst & Young.

Hong Kong and Singapore march ahead

Globalisation is still the trend among most of the world’s leading countries, despite protectionist pressures amid a miserable outlook for the global economy, according to Ernst Young’s third annual globalisation report, released yesterday.

But, in case we didn’t need reminding, Thomas Friedman’s grand idea of a world without contours is simplistic at best.

“The world isn’t flat it’s curved, bumpy and you can’t see what’s ahead,” wrote the authors of the report....

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