Keynote Speaker Parag Khanna
Parag Khanna: Global Thinker, Managing Director of FutureMap and best-selling Author
Parag Khanna - his new latest book 'The Future is Asian: Commerce, Conflict & Culture in the 21st Century'
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Basic information about Parag Khanna
Parag Khanna is a leading global strategy consultant, world explorer, and best-selling writer. He is the Founder & Managing Partner of FutureMap, which is a company focusing on data and strategic advisory.
Parag Khanna’s career
Parag Khanna has been a specialist to the US National Intelligence Council’s Global Trends 2030 program. In years 2013 until 2018 he worked as a Senior Research Fellow in the Centre on Asia and Globalisation which is at the Lee Kuan Yew School of Public Policy at the renowned National University of Singapore.
A few years earlier, from 2006 to 2015, he worked as a Senior Research Fellow at the New America Foundation.
However, he did not only work on academic land. He served in Iraq and Afghanistan as a Senior geopolitical consultant to United States Special Operations Forces during 2007.
From 2002 until 2005, he had a job as a Global Governance Fellow at the Brookings Institution. Two years earlier he had a position at the World Economic Forum in Geneva.
He also performs regularly in media around the world such as CNN, BBC, CNBC, Al Jazeera, and other broadcasters.
In 2010 he was the first video-blogger for ForeignPolicy.com and from 2010-2012 became a co-author of the Hybrid Reality blog on BigThink.
From 2008-2009, Parag was doing a host of “InnerView” on MTV. He did his speech at TED in 2016, TED Global 2009 and did a guest host of TED Global in 2012. His TED talks have more than two million views.
Parag usually lectures at international conventions and provides tailored guidance to government leaders and business executives. He advised on global courses and scenarios, systemic dangers and technological disruptions and market entry approaches and economic master planning.
He has contributed with his expertise to many Governments. His clients were the government of the United Arab Emirates, Saudi Arabia, Oman, Qatar, Japan, China, India, Australia, South Korea, Pakistan, Indonesia, the Philippines, Mongolia, Bhutan, the US, Canada, Brazil, Argentina, UK, Germany, Russia, Azerbaijan, Kazakhstan, and many others.
He also worked on the Singapore government’s Committee on the Future Economy in 2016. Parag currently works as a senior advisor to Globality and is part of the advisory boards. He is a part of GeoQuant, GAMA – Graticule Asset Management Asia and ECIM – East India Capital Management. Lately, Parag was part of the Innovation Advisory Board of DBS Bank.
Dr. Khanna has a Ph.D. in international relations from the London School of Economics. He got Bachelors and Masters degrees from the School of Foreign Service at Georgetown University. In 2017 he was given a Richard von Weizsaecker fellowship from the Robert Bosch Academy.
Parag is well known in academic land. He has worked on several various positions as:
– a Senior Fellow – Singapore Institute of International Affairs
– Distinguished Visitor – Munk School of Global Affairs at the University of Toronto
– Visiting Fellow – Lee Kwan Yew School of Public Policy
– Visiting Fellow – LSE IDEAS
– Senior Fellow – European Council on Foreign Relations
– Non-Resident Associate of the Institute for the Study of Diplomacy at Georgetown University
– Distinguished Visitor – American Academy in Berlin
– Next Generation Fellow – American Assembly
– a Visiting Fellow at the Observer Research Foundation in New Delhi. He has obtained awards from the United Nations Foundation, Smith Richardson Foundation, and Ford Foundation.
Parag was born in India, grew up abroad, in the United Arab Emirates, New York, and Germany. He is a skillful adventurer who has visited more than 100 countries on all continents. Some of his long trips include driving from the Baltic Sea through the Balkans and across Turkey and the Caucasus to the Caspian Sea, across the mountainous region of Tibet and Xinjiang provinces in western China, or ten thousand kilometers away from London to Ulaanbaatar in the Mongolia Charity Rally.
Parag is also a competitive tennis player and a nature lover. He has climbed many 20,000-foot plus peaks and hiked in the Alps, the Himalayas, and Tien Shan mountain areas.
He speaks English, Hindi, basic Arabic, German, French, and Spanish.
Talking Topics – Parag Khanna’s areas of expertise are the following:
If Brexit is implemented by March 2019, the United Kingdom will require a much stronger strategy for services trade agreements. As Parag Khanna explained in Connectography, the value-added services far surpass that from goods, and the UK is the second-largest services exporter in the world.
On various events, over the past decade, Parag Khanna has advised the UK Foreign Office on how to maximize the gains from its new Prosperity Fund focussed at driving growth and economic cooperation with emerging markets, especially in Asia. I
Even as the Eurozone struggles to find consensus on controversial subjects such as migration, pragmatism has predominated in the center topic of Eurozone integrity. As Parag has been categorically declaring for a decade, there will be no Brexit.
The German and French governments proceed to work with the ECB (European Central Bank) to form a mechanism for fiscal coordination and a decent mutualization of Eurozone debt.
Khanna assumes the politicians to coalesce throughout the coming year. The Eurozone’s overall economic recovery is safe as evidenced by healthy growth, demand for business loans, and making new trade agreements with Asian countries such as Japan and India. ‘The Future is Asian’ includes a full chapter on how Asia can support Europe’s economic future titled “Why Europe Loves Asia – but not yet Asians.”
Presidents usually obtain economic trends and not drive them. Trump’s administration benefited from the junction of a stronger labor market, which is driving the consumption growth, and healthy corporations raising business investment.
Median income decreases
As interest rates stabilize, though, the business cycle may have issues to sustain without further assistance (the US is the only advanced market whose median income decreased since the financial crisis). Congressional neverending debates over infrastructure and entitlement reforms – mixed with the midterm elections and intense political polarization – set the direction for the budget deficit to reach $1 trillion by the year 2020.
The combination of rising debt and interest rates is decaying America’s sovereign assets, while a strong dollar and reciprocal trade tariffs are harming US exports. We cannot presume equity markets to sustain their strong run except the private sector further increases investment in new infrastructure, industries, jobs, and innovations.
China is challenging expectations of the emergency landing and is likely to use its many political levers to maintain its high economic performance. Corporate (mostly public) and municipal debt estimates for a significant part of its growing debt. The former, by restructuring through SASAC and the recent through political reforms and tax increases.
$3 trillion in reserves
The reserves of the UPUC still amount to higher than $3 trillion in both cases. They are always higher than $3 trillion to absorb depreciation and recapitalize funds. Paralelly, China is reacting to tariffs and investment restrictions, opening up essential sectors of industry to foreign investment, which attracts Western businesses and investors. China is rapidly transitioning to a service-oriented economy that is less export-oriented.
Weakening of Yuan
On the contrary, the weakening of their currency yuan, by expanding the circle of partners with whom it trades in renminbi(RMB), weakens its economy and others who are tired by the strong dollar. Parag Khanna argues that China should not be seen as a completely separate country from its fast-growing, young, and enterprising Asian adjacent markets, where it is increasingly focusing on trade and investment priorities. This is another reason for relative confidence about China’s economic future in the run-up to the centenary of the Communist Party in 2021.
Globalization is advancing, but it no longer necessitates Anglo-American authority, as Parag claims in this generally circulated article for Politico magazine. Globalization 2.0, on the other hand, will be driven by Asia, with China offering up many opportunities for the region’s economy to intensify its internal integration, while Europe will seek both to open China more and to spread its presence in other fast-growing Asian markets. Overall, bilateral trade between Europe and Asia through Eurasia far surpasses that of America, and the difference will widen due to Belt and road infrastructure as well as free trade agreements.
The Future of Asia
As he describes in ‘The Future of Asia,’ the vast Indian Ocean territory now rates for much of the growth in world trade and is the current center of world business and commerce. Western companies will have to intensify their efforts to confront these fast-expanding markets if they are to preserve their market share as opposed to increasingly reliable Chinese, Indian, and Asian companies.
Asia is no longer a part of the category of “emerging markets.” Asian businesses are flexible to both trade conflicts and a strong dollar because of their massive reserves, and floating exchange rates. While Asian corporations necessitate funding large dollar bonds, companies’ credit ratings and sovereign debt usually remain high and local currency bonds provide excellent protection.
Opportunities for Westerns
Besides, Asian assets are undervalued and give appealing possibilities for many Western institutional investors attempting to expand their positions in Asia to generate higher revenues. ‘The future is Asian’ consists of many new diagrams and graphs showing the dynamic demographic situation in Asia, growth rates, commerce integration, and other indicators that it will represent.
Parag Khanna’s honors & awards
Parag has been acknowledged as a Young Global Leader of the World Economic Forum. He has worked on the WEF’s Global Future Council on Mobility, Global Agenda Council on Geoeconomics, and even the advisory board of its Future of Urban Development Initiative.
Parag other position was on the board of trustees of the New Cities Foundation and also Council of the American Geographical Society, the advisory board of Independent Diplomat.
He was given the OECD Future Leaders Prize in 2002.
Parag Khanna’s publications
Parag’s latest book is ‘The Future is Asian: Commerce, Conflict & Culture in the 21st Century ‘, which was issued in 2019.
He has also written a trilogy of books approaching the future of world order, which is beginning with ‘THE SECOND WORLD: How Emerging Powers are Redefining Global Competition in the 21st Century’ – issued in 2008. In 2011, this book was followed by ‘How to Run the World: Charting a Course to the Next Renaissance’. The last, but not least is Connectography: Mapping the Future of Global Civilization, which was issued five years later.
2017 -Technocracy in America: Rise of the Info-State
2012 Hybrid Reality: Thriving in the Emerging Human-Technology Civilization (as a co-author)
2019 – THE FUTURE IS ASIAN: Commerce, Conflict, and Culture in the 21st Century
His books have translations in more than twenty languages.
A widely cited global thinker, Dr. Khanna frequently contributes with his commentaries for international media, currently also as a CNN Global Contributor.
Waving Goodbye to Hegemony
His 2008 cover Story for the New York Times Magazine named “Waving Goodbye to Hegemony” is one of the most internationally discussed and important pieces since the end of the Cold War.
His articles have been published in significant international papers such as the Wall Street Journal, Financial Times, Washington Post, The National Interest, McKinsey Quarterly, Harvard Business Review, Harper’s, BusinessWeek, The Guardian, TIME, Foreign Affairs, Forbes, The Atlantic, Quartz, Foreign Policy, The American Interest, Stratfor, Esquire, Slate.com, and Die Zeit. He is a contributing editor to WorldPost and works on the editorial board of Global Policy and as a counselor to the National Geographic series Origins.