Dambisa Moyo

As the population in China advances economically, the Chinese government has made a strategic and concerted effort to secure natural resources that can be used in its domestic industries. These moves have consequences for the global community, in part because international conflicts over resources commonly turn violent. Increasingly, China wields market power and sets global commodity prices. Dambisa Moyo will explain the three-pronged strategy that forms China’s systematic and deliberate campaign for global resources in the context of decreasing demand and falling commodity prices. China’s aggressive approach places her in a unique position, particularly across the world’s emerging economies, and has far-reaching implications for economic growth and trade in the future.

At a time of rapid technological advancements and innovation, the risks and opportunities are immense, and the responses from corporations and public policy are crucial to economic growth. On the one hand, technological shifts hold promise to transform livelihoods by enhancing the efficiency and ease of information transfer, connectivity and communication. Yet, there remain legitimate concerns on the net effects of technological advances—particularly in respect to whether and how automation will disrupt and erode (low skilled) jobs—the hallmark of emerging markets. For every gadget that enables us to process data and information faster and more cheaply, there is a burgeoning social and public policy challenge of rising unemployment that has dire consequences for growth and could engender significant costs for society by reducing employment. Technological advances present a rapidly growing social and public policy challenge for every country, across all sectors.

In recent years, businesses have been called upon to take a broader, more self-enlightened role in the global economy—beyond just making widgets and profits. Whether it’s through a triple bottom line lens or corporate social responsibility initiatives, modern companies are expected to take on broader responsibility for the economic and social well-being of the communities in which they operate. Clients, host governments, customers and investors are increasingly demanding a broader rationale for companies to exist. As these practices and norms continue to emerge, it is crucial for companies to adequately examine and address some of the challenges for companies operating across political systems in a transnational business environment. Individuals need to be aware of the potential impact their decisions may have on corporations and clients in the future. The level of social responsibility for the business community will continue to become even more intertwined with the viability of a corporation as businesses face new regulatory frameworks, technological shifts and growing competition.