"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
5 responses to your child’s report card (that don’t include scolding)

5 responses to your child’s report card (that don’t include scolding)

Your kid’s bright – everyone knows it – mostly, because you’ve told them so.

"It's important that peace is restored" - Transport MEC Vadi

"It's important that peace is restored" - Transport MEC Vadi

Transport Month heralds some progress in integration between certain Gauteng transport systems, and highlights ongoing challenges.

A short history of The Nutcracker

A short history of The Nutcracker

This massively popular 2-act ballet, performed by countless ballet companies globally, is headed to Joburg!

To play the (success) game well, get your game plan from the experts

To play the (success) game well, get your game plan from the experts

Ever wondered what the man who started Sorbet and a mathematical genius have in common?

Meet Helen Rees: Champion of public health

Meet Helen Rees: Champion of public health

Meet a champion fighting for the health of our nation!

What to expect from the Telkom 947 Mountain Bike Challenge

What to expect from the Telkom 947 Mountain Bike Challenge

Mountain biking is intended as an outdoor adventure, and the 25km route offers novices exactly that.

Popular articles
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

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.

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.

14 job titles that callers can't take seriously

14 job titles that callers can't take seriously

People do some very interesting things for a living, but some job titles are given more credit than others.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

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?