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Hong Kong is expected to welcome about 200 high-net worth individuals this year after five years of millionaires skipping town, according to data provided by intelligence firm New World Wealth and immigration consultancy Henley & Partners, thanks to initiatives including family office tax concessions and visa and residency programmes.
However, the question as to whether these developments signal that we are on a path to World War III is difficult to answer, and the Manichean arguments put forth by officials so far do the complexity of the issue a disservice. Using history as an analytical framework to assess current issues is popular but also fraught with limitations. No two periods are exactly alike. The cases of World War I and World War II offer limited value when examining the current global crisis.
DHARAMSHALA, India (AP) — Hundreds of mostly exiled Tibetans gathered in India’s hillside town of Dharamshala to celebrate the birthday of the spiritual leader of Tibetan Buddhism, the Dalai Lama, who turned 89 on Saturday.
Sonal Varma is chief economist at Nomura for Asia excluding Japan.
Dien Luong is an associate fellow with the media, technology and society program of the ISEAS-Yusof Ishak Institute in Singapore and a doctoral student in communications and media at the University of Michigan.
