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Komfie Manalo, Opalesque Asia:

From market’s perspective, the global economy has possibly reached the high point of globalization and open markets, claimed Mike Coleman of RCMA Asset Management.

"I believe this is a huge challenge for all of us in our business," Coleman said at the latest Opalesque Singapore Roundtable. He added, "The pendulum swing from let’s say the mid ’70s until the global financial crisis, which was all about freeing capital and free movement, reducing, if you like, the value and power of labor. That swing seems to have reached its political limits and is beginning to reverse."

He also likened Singapore to a canary in the coal-mine as seen in the 2011 general election in when the government were forced to focus on the concerns about the negative costs of too rapid growth in terms of higher immigration levels and strain on public services and questions of equity and growing inequality.

Coleman added that the broader theme is really how the wealth is being shared.

He continued, "And so that theme is out and running around the world, and therefore, I would say that the expectation is that we will see more trade barriers. Maybe you will start to see exchange controls coming back and more control on the flow of people. England voted for Brexit, in my opinion, largely on the ......................

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