The Chinese and American flags fly on a lamp post along Pennsylvania Avenue near the US Capitol during then president Hu Jintao's state visit in 2011. The world is disoriented because the old order is changing, and all we know is that what is replacing it is going to be very different. Photo: Reuters
Market volatility is the new normal in our crumbling world order
Andrew Sheng says financial markets are now vulnerable to a wider range of shocks, as we grapple with two global forces – the transition from a unipolar to multipolar world, and a divided society in which the elites are dangerously out of touch
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Trade
The Chinese and American flags fly on a lamp post along Pennsylvania Avenue near the US Capitol during then president Hu Jintao's state visit in 2011. The world is disoriented because the old order is changing, and all we know is that what is replacing it is going to be very different. Photo: Reuters