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At the end, no new beginning... so there must be


Successful leader: Lee Kuan Yew has made Singapore economically successful as a result of the purely utilitarian benefit of the rule of the law.

Successful leader: Lee Kuan Yew has made Singapore economically successful as a result of the purely utilitarian benefit of the rule of the law.

THE descent from globalism to nativism is the defining story of 2016, but the analysis of its cause and projection of the world into 2017 by intellectual custodians of the liberal order are flawed and offer no guide on how to break the fall.

The Brexit vote in Britain in June, the election of Donald Trump in November and the threatening reactionary outcome of elections in France and Germany next year all point to the end of a certain system by which the world has operated, even if what exactly would replace it is less than clear. If the great Western nations of the world change direction, then the rest must.

Tan Sri Munir Majid , columnist

Tan Sri Dr Munir Majid

Tan Sri Dr Munir Majid, chairman of Bank Muamalat and visiting senior fellow at LSE Ideas (Centre for International Affairs, Diplomacy and Strategy), is also chairman of CIMB Asean Research Institute.

   

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