"There is clearly strong opposition building to globalisation" JP Landman

JP Landman says there are clearly headwinds suggesting globalisation is running into economic trouble.

The self employed analyst and economic adviser for Accelerated and Shared Growth Initiative for South Africa (ASGISA) was speaking at the Old Mutual Wisdom Forum in Joburg, commenting on whether globalisation is crumbling or not.

Landman sites poor performance of global growth in trade as a key indicator...

Talking about South Africa, we need trade. We need to export more, to sell what we've got - and its very difficult to do that if other countries shut down and other countries start buying less.

JP Landman, Economic Adviser for Accelerated and Shared Growth Initiative for South Africa

JP Landman (left) appears on the Old Mutual Wisdom Forum panel with Prof Mthuli Ncube (second from the left), Jeffrey Sachs and MC Eusebius McKaiser.

Speaking to Eusebius McKaiser, Landman says tinkering with globalisation isn't enough. He feels aggressive political intervention is needed to drive things in a different direction - similar to the "Roosevelt intervention" of 1930's in the United States.

Without that he says, people will be "left behind" - and no democracy can afford that if it wants to remain stable.

We certainly need a more just international system. You also need more justice inside countries. Can you do that with tinkering? I doubt - you need a more aggressive intervention.

JP Landman, Economic Adviser for Accelerated and Shared Growth Initiative for South Africa

It is at that point in the discussion that McKaiser focuses attention on political leadership.

In South Africa's case, whether we have the necessary skills in leadership to navigate these trying economic times. Landman says voters must also accept their responsibility in this.

He points out how heartening it was to see how business leaders are stepping up to the plate - something last seen in the 1980's - and how he would love to see the same cohesion in the name of job creation.

Some companies do more than others and some individuals do more than others. I think we should all step up to the plate.

JP Landman, Economic Adviser for Accelerated and Shared Growth Initiative for South Africa

Luckily the part of stepping up to the plate we are familiar with is thanks in part to the economic slump created after the second World War and the recession of the 1930's.

We've done it before - we just haven't seen it in the new South Africa...

Click below to watch the full interview.

Read More
The benefits of exposing your kids to the arts

The benefits of exposing your kids to the arts

A reminder of how the arts offer benefits for young children and adolescents that extend well into adulthood.

Meet a passionate young entrepreneur giving new life to old phones

Meet a passionate young entrepreneur giving new life to old phones

This company provides certified pre-owned smartphones to consumers who don’t want to spend much money on new phones.

#KnysnaFires - Firefighters need resources ahead of tough weekend

#KnysnaFires - Firefighters need resources ahead of tough weekend

Firefighter resources need to be replenished ahead of what promises to be a long weekend of fighting blazes driven by high winds

Corporate entries for MTN Walk the Talk close in 1 week!

Corporate entries for MTN Walk the Talk close in 1 week!

Calling all Gauteng corporates… you have exactly ONE WEEK left to secure your place at this year’s MTN Walk the Talk

Concern around safety of opposition party members after Mapaila threats

Concern around safety of opposition party members after Mapaila threats

A demonstration outside Solly Mapaila's home has intensified claims of mafia state behaviour.

Redi’s stepping off 702 drive and heading in a new direction

Redi’s stepping off 702 drive and heading in a new direction

An exciting new direction in her journey means the popular presenter needs to step off of her daily afternoon drive show.

Popular articles
Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs Minister Hlengiwe Mkhize says her department will respond to all Zimbabweans under special dispensation.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

5 advantages of leasing instead of owning a car (lower monthly payments!)

5 advantages of leasing instead of owning a car (lower monthly payments!)

Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?