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Our world has never been more connected – by technology, manufacturing, trade, supply chains, tourism and popular culture – and this unprecedented globalization has created enormous benefits for much of the world’s population as a result.

At the same time, there are both public and private forces in Asia Pacific, the US, Europe and elsewhere that are exploiting the clear failings and inequalities of globalization to gain and consolidate power, producing new global divisions in the process.

In The Age of Hypercomplexity, the latest in our Simplifying Business in a Complex World series, we provide a view of how mega trends are impacting doing business in Asia Pacific, arguably the most complex region of a hypercomplex world.

We asked 600 CEOs and other business leaders in China, Hong Kong, Japan, Australia, Singapore, Malaysia and India about the mega trends driving change across the Asia Pacific region, as well as the macro trends affecting their future investment decisions.

Our research reveals several interesting findings about where business leaders’ investment intentions:

  • Across the region, more businesses are planning to invest in South East Asia than they are domestically
  • The majority of executives will prioritize international investment and cross-border M&A overspending in their home markets to yield growth
  • Gaining market share and accessing new markets are the top reasons for pursuing M&A
  • Japan faces several unique macro challenges that are forcing its businesses to look abroad for growth
  • Compliance and regulatory scrutiny will be the top challenge and their greatest source of cost increases
  • China will most likely shape the economic picture in the years ahead, but India will have growing influence, and the US is making a comeback in terms of influence since 2017

 

Read the full report

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See a summary of our key findings in this video.

 

Author

Munir Abdul Aziz, a partner in the Corporate, Commercial & Securities Practice Group of Wong & Partners, has been in practice since 1998 in mergers and acquisitions, corporate reorganisations, equity capital markets work, venture capital and private equity, joint ventures and general commercial transactions. He has been named by IFLR1000 as “Leading Lawyer" for Capital Markets since 2013 and for M&A since 2012. He is recommended by PLC Which Lawyer? in Corporate and M&A for three successive years and he has been named as "Leading Lawyer" by Asialaw Profiles for Capital Markets, Corporate/M&A and Private Equity in 2016. He has worked in the London and Melbourne offices of Baker McKenzie International.

Author

Bee Chun Boo is a partner in the Firm’s Mergers and Acquisitions group and practices mainly in the areas of M&A, venture capital and private equity. Prior to joining Baker McKenzie’s Beijing office in 2007, Ms. Boo served as a partner in the Firm’s Singapore office. She is listed as a leading lawyer by IFLR 1000 in the areas of mergers and acquisitions, private equity and project finance.

Author

Ben McLaughlin is a partner in Baker McKenzie's Sydney office. He has over 25 years' experience in advising leading Australian and international public companies on mergers and acquisitions (M&A) and equity capital markets. Ben invented the Baker McKenzie Healthcare MapApp, an acclaimed mobile application that enables clients to access over 5,000 pages of legal summaries. He has been recognized by Chambers for his work in Australian and international M&A matters, as well as in healthcare and life sciences. Ben has also been recognised as "Lawyer of the Year" for Life Sciences Practice in Sydney and as one of the Best Lawyers in Australia for Corporate / Corporate Governance and M&A Law, Best Lawyers 2022 Edition. Ben is admitted to practice law in Australia and the US, and previously practised as a CPA.

Author

Hideo Norikoshi has over 25 years experience working on a wide range of cross-border M&A transactions, joint ventures and corporate and corporate finance matters in Europe and Asia. He has advised numerous multinational companies, international investment banks and government organizations on landmark transactions, including mergers and acquisitions, public takeovers, corporate restructurings, private equity, international offerings and listing, structured finance and project finance. Hideo spent 10 years in the Japanese civil service from 1980 to 1990 before qualifying as a solicitor. In Japan, he is listed as a leading international lawyer for Corporate/M&A by Chambers Asia-Pacific in 2011-2017.

Author

Mini vandePol was appointed as the Chair of Baker McKenzie's Global Compliance & Investigations Group on 1 September 2014, after successfully completing five years as the Asia Pacific Regional Chair of the Dispute Resolution Practice Group. In this role, she leads a global team of more than 900 compliance and investigations practitioners in Asia Pacific, EMEA, Latin America and North America. Ms. vandePol's work engagements focus on anti-bribery and corruption investigations and risk management and mitigation in China, India and other parts of Asia in a variety of industries. Ms. vandePol and her team are responsible for the Global Overview of Anti-Bribery Laws (2nd Edition 2016) and is the editor of the very popular Global Attorney-Client Privilege Handbook (2nd edition 2014). She has written a number of articles in journals and other publications both in Australia, India and elsewhere in Asia Pacific on topics ranging from corporate compliance investigations and enforcement, fraud risk, international trade and sanctions compliance, and ethical business practices. She is also a highly sought after media spokesperson and has made several appearances in business media in Hong Kong, India, Australia and the US.