Lowy Institute

On Tuesday 12 November our Lowy Institute experts and senior investment leaders discussed key geopolitical risks and trends, and the impacts on financial markets and investment portfolios.
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Rising geopolitical tensions are testing the resilience of global businesses and challenging existing growth strategies.  Conflict in Europe and the Middle East and escalating US–China competition have the attention of business leaders. Moreover, 2024 is the year of national elections, with more than 60 countries and nearly 50 percent of the global population heading to the polls. Business leaders increasingly see geopolitics as a major risk to global growth and view political transitions as the leading emergent risk.
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Our panellists considered major paradigm shifts including inflation regimes, climate and decarbonisation, technology disruption, populism, deglobalisation and changing asset class correlations. They also discussed the consequences of these shifts for Australia, Asia and the world.
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Sam Roggeveen will convene this conversation with Lowy Institute Research Director Hervé Lemahieu, Barrenjoey Chief Economist Jo Masters and Future Fund Chief Investment Officer Ben Samild, which will include questions from the audience.

Panellists
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Jo Masters is Chief Economist of Barrenjoey Capital Partners. She focuses on trends across the economy and financial markets and has been a highly regarded part of the economic debate in Australia for 25 years.
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Hervé Lemahieu is Director of Research at the Lowy Institute. His research interests include strategy and geopolitics, global governance, Australian foreign policy, Southeast Asia and data analysis.  He started his career at Oxford Analytica informing government and business policy on geopolitical risk in Asia.
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Ben Samild is Chief Investment Officer at the Future Fund. In his former role as Deputy Chief Investment Officer, Mr Samild led the teams responsible for investing Listed Equites and Alternatives strategies and led the integration of whole-of-portfolio insights as part of the Fund’s joined-up investment approach.
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Sam Roggeveen is Director the International Security Program at the Lowy Institute. He is the author of The Echidna Strategy: Australia’s Search for Power and Peace.  Sam also serves as Lead Editor at the Lowy Institute, and editor of the Lowy Institute Papers.

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Less than a week after Donald Trump’s historic election victory, world experts gathered in Baku, Azerbaijan, for COP29, the UN’s annual summit on climate change. The Hon Chris Bowen MP, Australia’s Minister for Climate Change and Energy, holds a central role at this year’s summit, as co-chair of negotiations on a new global climate finance goal. He speaks to the Lowy Institute’s Ryan Neelam about global climate action in the age of Trump, Australia’s climate ambitions, and the challenges facing the world in a new, more turbulent era of geopolitics. 

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A wide-ranging conversation with The Economist’s defence editor, Shashank Joshi, which will cover the Ukraine war, the Middle East, China’s nuclear ambitions, tensions between China and the Philippines in the South China Sea, the implications of the US presidential election for international security, and much more, including questions from the audience. Shashank Joshi is The Economist’s defence editor. Previously, he served as Senior Research Fellow at the Royal United Services Institute and Research Associate at Oxford University’s Changing Character of War program. He has published books on Iran’s nuclear program and India’s armed forces, written for a wide range of newspapers and journals, and appeared regularly on radio and television. Sam Roggeveen, Director of the Lowy Institute’s International Security Program, hosted the conversation.

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In this episode, we explore what might happen at COP29, the upcoming UN climate summit in Baku, Azerbaijan. With global emissions at record highs and climate impacts intensifying, this year’s conference will focus on setting a new climate finance goal to drive global climate action. The Lowy Institute’s Alexandre Dayant is joined by Indo-Pacific Development Centre climate experts Dr Melanie Pill and Georgia Hammersley, who will be hosting side events at the Pacific and Australian pavilions at COP29, as well as Ryan Neelam, Director of the Public Opinion and Foreign Policy Program at the Institute. Together, they dive into key issues on the agenda, potential sticking points, the global context, and what COP29 might mean for the future of global climate action.

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In this episode of Conversations, the Lowy Institute's Dr Michael Fullilove and Hervé Lemahieu discuss Donald Trump's remarkable political comeback. What will a second Trump presidency mean for America's allies, adversaries, and the fence-sitters? And how should Australia deal with Mr Trump in the Oval Office?

You can also read our special feature on Trump 2.0, as well as Dr Fullilove’s essay for The Atlantic.

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On the eve of the US election, Lowy Institute experts review the culmination of a tumultuous 2024 presidential election season.  Michael Fullilove, Ryan Neelam, Richard McGregor and Susannah Patton examine the beliefs and policies that animate both presidential contenders – Kalama Harris and Donald Trump – and their teams of advisors.  They also discuss the consequences of this election for Asia and the world.v

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Democracies around the world are being challenged by socio-economic pressures, rising inequalities, and rapid technological developments, as well as growing polarisation and diminishing trust in institutions. Safeguarding democracy by addressing these challenges has become a national priority, but it also has clear geopolitical implications for Australia and its democratic allies. With non-democratic powers such as China and Russia acting to blunt the influence of the international rules-based order, the health of democracies will play a significant role in the future of this order and its institutions.

An in-person conversation with the head of Australia’s Strengthening Democracy Taskforce, Dr Jeni Whalan, to discuss how Australia fares in terms of the broader global trends impacting democracies and what renewing democracy at home means in an era of geopolitical competition.

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With China’s military capability increasing but US military primacy still holding firm for now, bi-polarity may be the name of the game in the Asia Pacific.  But will this bipolarity hold and how are other regional countries positioned? Richard McGregor hosts Professor Hugh White, Emeritus Professor of Strategic Studies at the Australian National University (ANU) and Lowy Institute experts, Project Lead for the Asia Power Index (API) Susannah Patton and Research Director Herve Lemahieu to examine and debate the results of the 2024 API.

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Eighty years ago, the Bretton Woods agreement shaped the global financial system to build a better world. While its institutions remain vital, they are struggling to meet today’s challenges — climate change, economic insecurity, and a multi-trillion-dollar development financing gap. In this podcast, Lowy Institute researchers Alexandre Dayant, Michelle Lyons and Roland Rajah explore the proposal for an Indo-Pacific Economic Resilience Bank (IERB) — a bank that will aim to diversify critical supply chains, reduce China’s dominance in clean energy, and mobilise new capital for the clean energy transition in the Indo-Pacific.

Read and download the Lowy Institute Analysis The case for an Indo-Pacific Economic Resilience Bank by Michelle Lyons, Roland Rajah and Grace Stanhope.

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In Asia, a battle of narratives rages. Many believe China is already an unassailably dominant force, while US primacists see it as ultimately containable. In either case, bipolarity is the order of the day. However, countries such as Australia and Japan tout the emergence of a multipolar Indo-Pacific. What do the findings of the Lowy Institute’s Asia Power Index say about these prevailing narratives? And what role can third countries play in Asia’s power politics and in its regional order? Dr Michael Green joined the Lowy Institute’s Susannah Patton and Hervé Lemahieu to debate the findings of the 2024 Asia Power Index. 

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