World Economic Forum: Annual Meeting of the New Champions

Joachim von Amsberg, Vice-President, Policy and Strategy, Asian Infrastructure Investment Bank, Beijing capture during the Session “China Economic Outlook” at the World Economic Forum – Annual Meeting of the New Champions in Dalian, People’s Republic of China, July 1, 2019. Copyright by World Economic Forum / Sikarin Fon Thanachaiary

Joachim von Amsberg, Vice-President, Policy and Strategy, Asian Infrastructure Investment Bank (AIIB).

“The basis for countries to work together is becoming weaker, trust in the international system is becoming weaker – because you have countries that no longer act in their rational long-term economic interests … As trust is less prevalent it becomes much harder to deal with those uncertain events. That makes it more likely that accidents happen… The accidents, whether they are on economic or security or other dimensions that require countries to work together, work very quickly, as they did in the 2008-9 financial crisis where the large economies of the world very quickly took very unconventional measures in a highly coordinated way. Would that still happen today? I am doubtful. That is why I am worried”

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