Inside Out & Outside In

In wide-ranging columns appearing twice a week, David Dodwell, executive director of the Hong Kong-Apec Trade Policy Group, strives to understand and describe the distinctive characteristics at the heart of Hong Kong's continuing competitive advantages. It promises to be a fascinating journey as he seeks to understand and describe the forces that have shaped and are changing Hong Kong, and the role it is playing for China and in the region as we move steadily closer to 2047. 

Deutsche Bank predicts with confident authority that the next crisis is on the way. Photo: Reuters

The next financial crisis is coming, I just don’t know when

Twenty years ago this weekend I sat in the newly-minted auditorium of the Hong Kong Convention Centre in Wan Chai as Hong Kong played host to the World Bank and IMF meetings. I spectated first-hand on the complacent myopia of the world’s smartest and most powerful financial sector minds.