East Asia Shifts Gears: Opportunities and Uncertainties as China, South Korea and Taiwan Rebalance Their Economies
May 16, 2013
Hosted by Té Revesz
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Episode Description
For decades China, South Korea and Taiwan have “sprinted towards globally competitive export sectors, but now” says this week’s guest, Paul Christopher, Wells Fargo Advisors Senior International Strategist, “a curve lies ahead” and it’s time to “shift gears and rebalance between exports and domestic industries.” Just returned from East Asia, Christopher will talk about the challenges each country faces as it strives to “reinvent its primary economic drivers.” How will this rebalancing change the picture for international investors, portfolio and direct? • Where are the new opportunities? • What are the rising risks? • What are the potential knock-on effects from East Asia’s gear shift on the Americas? On Europe? China needs to redirect its energies towards its internal market and move up the technology chain. What are the implications? Taiwan and South Korea feel left behind and (apart from LG and Samsung) are “desperate” for new, internationally competitive technologies. • Is there a role for international firms on the innovation and competitiveness front? • In South Korea, and to a lesser extent Taiwan, growth has been concentrated in conglomerates. Could joint ventures with small and medium-size enterprises be a winning strategy? Is there really a Chinese property bubble? What do international investors need to know about all those empty buildings? Should you be haunted by China’s “ghost banks”? What opportunities can you find in Taiwan’s new enterprise zones? • What on earth is South Korea’s “Ministry of Forward Thinking”? Taiwanese are split over whether China offers great opportunities they can exploit or poses greater risk that it swallow up Taiwan, commercially if not militarily. That uncertainty is the greatest threat to the island republic’s continued development. Will Taiwan be able to pull itself together and move ahead? Can those disputed, potentially resource-rich “rocks” in the South China raise risk throughout the region? • What about North Korea’s threats? Will Renminbi reforms and liberalization of money flows force China’s banking sector to become more competitive and open new opportunities for international banks?
Global Reach
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Té Revesz
Té Revesz is known for her ability to conduct strategic research on a global basis and for her creativity in handling complex business challenges.
As principal of GlobalReach-SBI, a research and consulting firm with a network spanning over 60 countries, Té provides clients with strategic intelligence on market opportunities and threats. She covers such diverse areas as global branding, new product development, payment cards, clinical trials, and political risk. An expert in primary research, Té has interviewed business, government and labor leaders, doctors and technical experts—and managed focus groups—around the world. She was profiled in Super Searchers Go to the Source as one of the top US interviewers.
Prior to founding her own firm, Té headed the Industrial & Healthcare Practices of FIND's Strategic Consulting & Research Group and taught at the Zicklin School of Business (Baruch/CUNY). She was the Editor of Business International’s flagship newsletter and helped create its country risk service.
An NYC native, Té is active with Citizen Action, the URJ’s Commission on Social Action, and NY Neighbors for American Values (defending religious freedom, diversity and equality). She holds a Masters from Columbia’s School of International & Public Affairs and a BA from Goucher College. She’s an avid bike rider, theater buff and farmers market supporter—and the bemused owner of 2 demanding felines.
