LONDON -- The main determinants of an emerging economy's ability actually to emerge, sustainably, are politics, policy and all that is meant by the institutions of governance. More precisely, although countries can ride waves of growth and exploit commodity cycles despite having dysfunctional political institutions, the real test comes when times turn less favorable and a country needs to change course.
Decades into reform, this is finally where the Communist Party rubber hits the capitalist road and a restless public connected by social networks. The nemesis undoing its capacity to stem volatility and maintain stability through traditional hierarchical control is the democratization of information.
There was a lot of hype and buzz involved when Web Summit announced that they were holding their first ever event in Asia, the RISE Conference. Web Summit is the technology conference held in Dublin, Ireland. Web Summit has grown from 400 to over 22,000 attendees since it started back in 2011 but RISE Conference started out with a bang with over 5000 attendees from over 75 countries.