Economics, Democracy, & The New World Order | Danny Quah | TEDxKL

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The west historically have been dominating the global economy. With the rise of China and Asia, how would the world change with the new center of economy being a non Western and European focus.

Danny Quah is Professor of Economics and International Development at the London School of Economics and Political Science, and Director of the Southeast Asia Centre at LSE’s new Institute of Global Affairs. He had previously served as LSE’s Head of Department for Economics and Council Member on Malaysia’s National Economic Advisory Council.
Quah is Tan Chin Tuan Visiting Professor at the National University of Singapore, and lectures regularly at Peking University. He studied at Princeton, Minnesota, and Harvard, and was Assistant Professor in the Economics Department at MIT before joining LSE.
Quah gave the third LSE-NUS lecture in 2013, a TEDxLSE lecture in 2012, and the Inaugural LSE Big Questions Lecture in 2011. His current research focuses on the shifting global economy and the rise of the east.

This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx

Comments

dman030 says:

Boy….TEDx really became a commie sounding board.

exorientelux says:

True democracy in Europe? Switzerland. The EU is getting more and more bureaucratic, centralistic and directive AND anti democratic.

Don Fox says:

Clearly democracy is not the only way. It is just the way most people want. But establishing a working democracy and maintaining it is a complicated business. It tends to look a lot like herding cats. This is because each of us thinks we know more than the next person how to proceed. We must all learn what Oliver Cromwell saw, when he said, “ In the bowels of Christ, think ye not that ye could be wrong?” Disregarding the Christian terminology, we must learn how to protect and help the poor and weak to be respected as human beings. In other words, focus on kindness, not on ego.

jon b says:

china is a communist government with a free market economy. and the west has increasingly crept towards socialist economic policies.

jon b says:

chinas debt and spending is unsustainable and growth is pushed by the communist government that promised livings standards would increase and not stop increasing. They are doing this because they fear the population will demand a democracy if they are not placated. China is a huge bubble waiting to pop.

Gordon Sek says:

Thank you Professor Danny Quah!

If Truth Democracy means Majority rules as one man is one vote then the Asians are the majorities on earth,so the Asians should rule and set new laws for the rest to follow.

However, the Asians are being brainwashed for so long due to JEWISH JUDEO CHRISTIAN doctrines and Colonisation system imposed on the Asians since opium wars in 1839 and 1860 militarily forced onto the Asians as FREE TRADE WITH OPIUMS into Asian Countries.

In fact , the Jewish Western Banking system made a lot of Money and Assets through the profits from the criminal Opium Traffickings to China and Asian countries, Slavery , exploitation etc.

We hope the World should wake up from their mistakes and the brainwashed programmes and offer a better system to grow with fairness and justices for all.

Gear5 ZYF says:

great speech.
"we (gov) can't serve u well, our GDP growth this year may be…….1% perhaps? but don't worry, u get the vote!"

Duggy Dugg says:

Doesn't know the debt.. $20 trillion.. Caused by the rogue Central bank..
Debt danger is real… CDO crisis was bad ..the debt crash will be orders of magnitude worse…

Sir, you do not understand the economy…USA…and world economy..criminals arecin charge

Apdirahman Apdilahi says:

Professor learn the people how to become rich and designed what they needs to do

Megan Todd says:

I believe that Jesus of Nazareth is the Risen Christ and the Sonne of the Living God and I believe that he is the Living God , and there is no other.

Megan Todd says:

The kingdom of heaven is likened unto a man which sowed good seed in his field: But while men slept, his enemy came and sowed tares among the wheat, and went his way. But when the blade was sprung up, and brought forth fruit, then appeared the tares also. So the servants of the householder came and said unto him, Sir, didst not thou sow good seed in thy field? from whence then hath it tares? He said unto them, An enemy hath done this. The servants said unto him, Wilt thou then that we go and gather them up? But he said, Nay; lest while ye gather up the tares, ye root up also the wheat with them. Let both grow together until the harvest: and in the time of harvest I will say to the reapers, Gather ye together first the tares, and bind them in bundles to burn them: but gather the wheat into my barn.

Megan Todd says:

AND I saw a new heaven and a new earth: for the first heaven and the first earth were passed away; and there was no more sea. And I John saw the holy city, new Jerusalem, coming down from God out of heaven, prepared as a bride adorned for her husband.

Elliot hay says:

The proposal in the end was a mind opener. Great speech ! Loved it

Sewerrat says:

This guy hasn't looked at all the data, forgot that globalisation and tech had mainly brought the poor countries out of poverty, at horrendous environmental cost, proven by the elites of east Asia buying 'life boat's I the law abiding clean western democracies he's criticising. Those democracies just happened to have been hacked by vested interests in recent decades, which is probably why they aren't going as well as they could. The fact that lots of US legislative is literally written by lobby groups is evidence. The world will be ruined if Chinese interests, deceit and horrendous ways hold sway.

aguuaaa says:

this guys contradicts himself so much.

Corey Barcombe says:

This shill just comes off as sounding like a mouthpiece of the Malaysian one-party state.

I think we (the democratic world) will keep our constitutions, elections and civic engagement, rule of law, immense per capita wealth, very high human development, etc. Thanks, but no thanks, to the backwards one-party state.

SilvanaDil says:

Pathetic. Here's an idea: Don't overpopulate a tiny portion of the globe with over 1/2 the world's population, Mr. I speak English at TED on YouTube. (Irony!)
Pathetic. It takes 1.4 billion Chinese to equal the economy of 325 million Americans. Of course, the developed nations took a hit during the financial crisis. They were developed; they had stuff that they could lose.

Futurist Demon says:

where i can find his lectures ??

Restartwithdogpeople says:

America has problems but this guy is sounding like he would start a war if nuclear weapons weren't around…we need to fix things but china is still no example I want to emulate, maybe when the factories get automated and no one needs a job there and everyone starts rioting. I am just going to wait and see when all the citizenry in china don't want to do manual labor and those jobs move to India and Africa because it's cheaper(good 'ol free market) and see if china responds accordingly, educating millions of people quickly is difficult and then finding something useful for them to do…

Maybe starting a war is what they want, be a good way to get rid of a good 50 million excess people…

B says:

that was an adorable notion

GoodTimeTraveler says:

Retard. Go move to China if you think it's such a fucking wonderland.
The takeaway from this BS – like all other leftist thought – is what an obstacle democracy is…
btw, if the west was not a consumer society China would be just another 3rd world pos.

陳七 says:

Lee Kuan Yew said democracy is a tool for destroying economic development, what is your comments?

Nazret Net says:

There is no single Democratic country in the world.

In theory Democracy means "By the people for the people".
American, British and western so called "Democracies" in reality they are PLUTOCRACY.

To make all so called "Democatic countries " to true democracy, stop CORPORATION bribes in the name of "Election contribution" and let party members contribute specified amount to their respective party under the watchfull eyes of unbised autories. Let central (federal) government compensate if the members contributions is not enough. Let the media be forced to brodcast with out bias to this or that part and given equal time on air.

In the above way, Democracy might be "By the people for the peole" other wise it will remain bannnnal democracy as it has been for some time.

At present STUPID and PRE_PROGRAMMED masses are blindly go to polling centers and cast and as a result corruption in so called "White House" in USA and other western nations continue unchallenged. Party donners are controlling by direct/indirect bribe to so called politicians.

Students are brainwashed by their junk brainwashed so called professors about democracy as they were thought in unis.

Down with corrupt corporation and corrupt politicians. That is you so called rotten "democracy" Gabitto!!!!!!!

Samuel Rochette says:

hmmm thats some sweet sweet chinese kewl aid
Id wait to see how china survives its hyper inflation before flaunting its system. Its so corrupt its depressing…

ultimeate ds man fan 68 says:

11:50 most important part.

Mohit Hardikar says:

I partly agree with him. I come from India , the worlds largest democracy and a nation where ' liberalism ' is exercised quite heavily and I personally believe that actually hinders our economy . The issue is that the majority of people are illiterate and so the lack of a central authoritarian structure results is massive instability in a variety of socio-economic issues. For example , say the government wants to build a dam which will displace a community of 50 people . The media will rush to them , bring them in the spotlight and thanks to the public pressure , the project is canned. Now , answering the needs of 50 people resulted in the loss of billions . And that is the curse of a liberal democracy. And so , I believe that developing nations need to be a bit more centralised and authoritarian while growing ( And foreign investors will love that too , won't they )

rl1416 says:

It's amazing to hear a supposedly highly educated expert on economics and development recommend mainland China's system where human rights are routinely violated. Time will prove that he is wrong. Any government that does not promote freedom and rule of law such as property rights, including intellectual property, and a level playing field in business, politics and governance will lack entrepreneurs who create jobs, entrepreneurs like Bill Gates, Steve Jobs and Elon Musk who push the boundaries of innovation which in turn will ensure that their economy has a strong hold on markets that require new products and therefore assures it of sustainable growth. The US has these qualities. However, it suffers from the stranglehold of conservative Republicans that frown on taxes and redistribution of wealth via investments in excellent scientific research (remember how the internet came into existence?), schools and infrastructures and healthy, highly educated population that could have enabled its economy to expand further. Sadly, at present, the US is an unfortunate example and a poor ambassador of liberal democracy and capitalism. I hope it wakes up soon.

Mike Carbajal says:

I love how free market capitalism means the government subsidizing the mortgage market. Free markets were first blamed for discriminating against low income borrowers so the government subsidized the sub prime market only to watch it collapse. Then they blame banks for preying on the people the banks were previously accused of discriminating against. The government, not the free market, failed.

Never 2bknown says:

Whats bad is when world leaders talk about Globalization and Economics as if they have insight, The speak as if the wealth disparity is causing a disconnect between governments, nationality, and foreign powers, The say commoners want equal distribution of wealth, That is false, Common people want fair, set and guaranteed wages to allow them to make a decent living and educate their children properly, They want free and open markets without those who advantaged using their leveraged positions to game the working world unfairly, The real problem is that the so called elites are seemingly under regulated, and unrealistically scutinized or properly audited by their governments, The majority do not want social systems that increasly leverage them into slavery. No nationalized banks, No state controlled media or socialized education systems, We simply want our tax debts reduced through proper taxes laws, proper wage controls, just and considerate oversight and equality. Intelligent national wealth investment and real efforts to broaden opportunities for prosperity to as many as possible. I bet you could make an algorith and plug in all the numbers, resource and production, development lvls, pops and current wealth distribution, work types and regional inflation average and such and it could spit out several hundred soultions to solve it. Yes, its that off. Still looks like cave men to me.

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