"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 East African Rift System could still turn out to be Uganda's spring of life

The East African Rift System could still turn out to be Uganda's spring of life

Vast oil and gas reserves hold great promise, pending exploration along Uganda's Western border with Democratic Republic of Congo.

When a great suit can be a door opener to the C-suite

When a great suit can be a door opener to the C-suite

Local outfitter gives new life to old suits in helping young graduates put their best look forward.

Team Gwala exploring Springtime London with Virgin Atlantic

Team Gwala exploring Springtime London with Virgin Atlantic

An epic business trip is playing itself out ahead of Xolani's participation in the famed London Marathon.

Nigeria, Doubling up on Power

Nigeria, Doubling up on Power

Nikiwe Bikitsha meets with the Co-founder and Group Executive Director of Sahara, one of Nigeria’s major players in oil and gas.

A branch concept you can bank on

A branch concept you can bank on

Nigerian consumers are feeling the transformational power of digital technology with a 24 hour self service bank branch.

Making people profitable

Making people profitable

Nikiwe Bikitsha stops by the offices of the Chairman of Phillips Consulting Limited to get insights into the Nigerian economy.

Popular articles
Roger Moore has died, age 89

Roger Moore has died, age 89

Listen to Roger Moore opening up to CapeTalk's Melanie Verwoerd about his life, acting and being James Bond.

Budget 2017: DA hoped for spending cuts, not tax increases

Budget 2017: DA hoped for spending cuts, not tax increases

The DA believes that raising taxes is not the answer to South Africa's economic woes and propose more cost-cutting for government.

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.

Earn peanuts? How to best invest very small amounts...

Earn peanuts? How to best invest very small amounts...

Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…

How Naspers paid peanuts for Tencent (China’s most valuable company)

How Naspers paid peanuts for Tencent (China’s most valuable company)

In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...

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?

5 reasons why the tourism industry is sceptical about the latest numbers

5 reasons why the tourism industry is sceptical about the latest numbers

The tourism industry is questioning the veracity of the surprisingly upbeat tourism figures and the timing of their release.