Five global hinge points

Among those sayings that encapsulate political wisdom but are either inaccurate or apocryphal (such as the ancient Chinese curse, ‘May you live in interesting times’ that is neither Chinese nor ancient, or the misinterpretation of the Chinese character for crisis as fusion of danger and opportunity), I have a soft spot for the one by Harold Macmillan. When asked either what he most feared or what was most troubling when he was UK Prime Minister from 1957 to 1963, he may have replied, ‘Events, my dear boy, events.’

If he didn’t say it, he should have. The press of events is the bane of those trying to steer a strategic path in government. Today, it is particularly difficult because there are so many events consuming so much government oxygen while we face five major hinge points in global affairs that complicate everything.

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Natural resources in a conflict context

For a developing country facing high poverty levels, a growing population with high expectations despite a poor revenue base and weak institutions, but with an abundance of natural resources, exploiting them looks like the path to glory. Experience from a range of countries shows that, to put it mildly, it’s not so straightforward. The World Economic Forum has published a report on the topic – Natural Riches?. Continue reading