In the convention di LCTA held in recent days at the LAC in Lugano, to concentrate attention experts, on the other hand, found it difficult to coexist between international politics and the decisions of President Trump, who has been back in the White House for five months.
It is necessary to point out that la Global Commodities Conference, its president Matteo Somaini observed, è the main event organized by the Lugano Commodities Trading Association-LCTA, and stands out for allowing some of the major international professionals to compare opinions on the performance of raw material markets.
But first things first. Complicating the effects of recent US policies is the fact that their often contradictory consequences are compounded not only by the persistence ofthe instability socio-economic post-pandemic, but also to open conflicts in various areas of the planet and last but not least, to the growing role of digitalisation and in particular of Artificial Intelligence, evolutionary factors of social instances still in progress.
For this reason, the CEO of UBS Group, Sergio Ermotti, began interviewed by Roberto Grassi, Vice President of LCTA, especially with regard to the banking sector, to overcome the current uncertainties of international geopolitics, even before a solid capitalization, it is essential to optimize the one-stop business model effective business strategy.
The work of the LCTA convention then continued with the analysis of Professor Keyu Jin, lecturer at the London School of Economics and the Harvard University on the conditions of the main Asian economy.
China, he recalled the expert, is now moving towards a coexistence between an economic model based on traditional industry, manufacturing, with innovative companies administered with digital skills.
At the end of this process, Professor Keyu Jin continued, the Beijing government plans to increase the economic recovery of the domestic market, but above all to guide the new Chinese generations to accept updated and identifiable social models.
These are the premises in principle, but not in fact, that apparently also seem to inspire the Trump presidency, recalled Emily Harding, an American expert on intelligence, national security and technology.
Among her roles, Emily Harding is director of the Intelligence, National Security & Technology (INT) program and vice president of the Department of Defense and Security at the Center for Strategic and International Studies (CSIS), both based in Washington.
With the inauguration of Donald Trump, Harding recalled, the United States they now appear to be turned to a development focused on Artificial Intelligence and biotechnology.
These are priorities that the Trump presidency identifies with the term “strategic decoupling”: a reset of the global geo-industry that aims to separate the economic and technological sectors of national importance, particularly American, in order to guarantee greater autonomy and security to the United States, even at the cost of less global integration
This policy probably does not will mark the end of the globalization, recalled Alan Friedman, television commentator and international editorialist, but probably anticipates the decline of the American economic empire that began after the Second World War.
Consequently, as recalled in the panel discussion final which also contributed Mattia Giussani, Head of Power Origination at Sirius Energy SA, Nikolai Litvinenko, CEO of Telf AG, and James May, Head of Strategy, at Duferco SA, to take advantage of the American decline could be China, a silent but interested spectator of a global disorder that is probably only just beginning today.
