Britain’s then foreign secretary Boris Johnson shakes hands with US President Donald Trump in September 2017 at the UN Headquarters in New York. Trump has suggested Johnson, who resigned in July over Theresa May’s “soft Brexit” plan, should challenge May for the prime minister’s office. Photo: Reuters

Brexit, Donald Trump and the trade war with China – excessive rules and regulations are how things fall apart

  • Andrew Sheng says the phenomenon of excessive bureaucratisation, or ‘tight coupling’, has led to failures, a loss of freedom and greater resentment
  • This has been channelled into a desire to discard the old order, as characterised by the European Union, Trump’s political opponents and international trade
Topic |   Brexit

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Britain’s then foreign secretary Boris Johnson shakes hands with US President Donald Trump in September 2017 at the UN Headquarters in New York. Trump has suggested Johnson, who resigned in July over Theresa May’s “soft Brexit” plan, should challenge May for the prime minister’s office. Photo: Reuters
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Andrew Sheng

Andrew Sheng

Andrew Sheng is a former central banker and financial regulator, currently distinguished fellow at the Asia Global Institute, University of Hong Kong. He writes widely on Asian perspectives on global issues, with columns in Project Syndicate, Asia News Network and Caijing/Caixin magazines. His latest book is “Shadow Banking in China”, co-authored with Ng Chow Soon, published by Wiley.