It is tempting to say that there is a Trump-shaped hole in the current map of global geopolitics – the leadership void he leaves thanks to the US president's inexperience, temperament, indolence and, in a few rare cases, strongly held beliefs.
But that would be misleading. It would make the mistake of taking Donald Trump out of context. Because the hole in the map is not Trump-shaped, it is America-shaped.
Someday, when history looks back on this era to describe America's retreat and its withdrawal from its historical leadership position, the actions and policies that brought it about will have to be described as those of George Bush, Barack Obama and Donald Trump. Mr Bush's overreach and the horrors of his failed war in Iraq, Mr Obama's hyper-cautiousness and indecision and Mr Trump's compounding of Mr Obama's errors, thanks to his nationalism and isolationism, together made that hole as big and as consequential as it is today.
Leaders around the world are now left to wonder what comes next. What if Mr Trump continues his policies for another two or even six years? What if he is forced from office due to the growing maelstrom of scandals that swirl around him? What if he is replaced by his Vice President Mike Pence? What if a Democrat takes the reins of the world’s most powerful nation? Will it be a voice from the left that could compound the Bush-Obama-Trump policies of the past 17 years with further reactions against the perceived threats of globalisation? Or will it be a move towards a more traditional foreign policy? Will Republicans re-embrace the aggressive policies of the neo-conservatives and take up conflicts against Iran and North Korea and perhaps, someday, even China?
Such questions are natural. And it is equally natural to assume that the answers lie in combing over a list of candidates and trying to gauge the political winds that blow in the US. But there are deeper changes afoot in the country that will have lasting consequences – those that might already be evident in the behaviour and policies of the past two decades.
A smart commentator, Norman Ornstein, of the American Enterprise Institute, recently tweeted a datapoint he says he regularly cites: “By 2040 or so, 70 per cent of Americans will live in 15 states. Meaning 30 per cent will choose 70 senators. And the 30 per cent will be older, whiter, more rural, more male, than the 70 per cent.”
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Read more from David Rothkopf:
Cyber warfare: The dawn of a new era for which we are thoroughly ill-prepared
Great civilisations are built on the legacy of thought leaders, not warriors
We are witnessing the death throes of the US as the dominant power of the free world
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The data comes from a study by the Weldon Cooper Centre for Public Service at the University of Virginia. Their study notes that within about 20 years, roughly half the US population will live in just eight states as a result of urbanisation. Those states are concentrated on the American coasts. They are where the country’s most diverse and most liberal populations will be found.
It is a fact of American politics, as in many countries, that when people live in diverse communities they are more tolerant and more open to different ideas and cultures. Rural or less populated, more homogeneous populations tend to be more cautious about outsiders, more resistant to change and consequently more nationalistic and more isolationist.
Mr Ornstein uses the data point to suggest that America is approaching a crisis, as power is increasingly concentrated in the hands of the country’s more conservative “red state” interior. This concentration allowed Mr Trump to win the 2016 election, even though he had three million fewer votes than Hillary Clinton because the founders of the US – in order to protect the rights of less populated agricultural states – gave them advantages in representation in the Senate and the electoral college.
But the disproportionate power these states have will only grow in the years ahead, thanks to the trends cited by Mr Ornstein and the University of Virginia study.
Why should people living on the other side of the world care if conservative Iowa, Kansas or Nebraska has more power in the US relative to more internationalist parts of the country? Because this trend will determine how the world's most powerful country for the forseeable future will act in the world. And right now, it seems fair to predict that the recent retreat of the US – whether temporarily reversed in the next few years or not – is likely to continue and perhaps deepen over the next several decades, unless something happens to force a mindset shift.
That is why the machinations of those who are filling the US void – especially China but also the EU and regional actors taking advantage of regional openings – are so important to watch.
They might not represent momentary adjustments but rather long-lasting and significant realignments. While the US will long have the power to make a decisive difference when and where it decides to act, it looks very likely that for the remainder of the lives of most of those in power around the world today, that America-shaped hole will remain.
And the competition to fill it is likely to determine many of the most important events of the era to come.
David Rothkopf is CEO of The Rothkopf Group, a visiting scholar at the Carnegie Endowment for International Peace and author of The Great Questions of Tomorrow
Huddersfield Town permanent signings:
- Steve Mounie (striker): signed from Montpellier for £11 million
- Tom Ince (winger): signed from Derby County for £7.7m
- Aaron Mooy (midfielder): signed from Manchester City for £7.7m
- Laurent Depoitre (striker): signed from Porto for £3.4m
- Scott Malone (defender): signed from Fulham for £3.3m
- Zanka (defender): signed from Copenhagen for £2.3m
- Elias Kachunga (winger): signed for Ingolstadt for £1.1m
- Danny WIlliams (midfielder): signed from Reading on a free transfer
Meghan%20podcast
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
The biog
DOB: 25/12/92
Marital status: Single
Education: Post-graduate diploma in UAE Diplomacy and External Affairs at the Emirates Diplomatic Academy in Abu Dhabi
Hobbies: I love fencing, I used to fence at the MK Fencing Academy but I want to start again. I also love reading and writing
Lifelong goal: My dream is to be a state minister
No Shame
Lily Allen
(Parlophone)
if you go
The flights
Emirates fly direct from Dubai to Houston, Texas, where United have direct flights to Managua. Alternatively, from October, Iberia will offer connections from Madrid, which can be reached by both Etihad from Abu Dhabi and Emirates from Dubai.
The trip
Geodyssey’s (Geodyssey.co.uk) 15-night Nicaragua Odyssey visits the colonial cities of Leon and Granada, lively country villages, the lake island of Ometepe and a stunning array of landscapes, with wildlife, history, creative crafts and more. From Dh18,500 per person, based on two sharing, including transfers and tours but excluding international flights. For more information, visit visitnicaragua.us.
BRAZIL%20SQUAD
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THE DETAILS
Kaala
Dir: Pa. Ranjith
Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar
Rating: 1.5/5
Hili 2: Unesco World Heritage site
The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.
Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
WHAT%20ARE%20THE%20PRODUCTS%20WITHIN%20THE%20THREE%20MAJOR%20CATEGORIES%3F
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
THE%20SWIMMERS
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Fight card
Preliminaries:
Nouredine Samir (UAE) v Sheroz Kholmirzav (UZB); Lucas Porst (SWE) v Ellis Barboza (GBR); Mouhmad Amine Alharar (MAR) v Mohammed Mardi (UAE); Ibrahim Bilal (UAE) v Spyro Besiri (GRE); Aslamjan Ortikov (UZB) v Joshua Ridgwell (GBR)
Main card:
Carlos Prates (BRA) v Dmitry Valent (BLR); Bobirjon Tagiev (UZB) v Valentin Thibaut (FRA); Arthur Meyer (FRA) v Hicham Moujtahid (BEL); Ines Es Salehy (BEL) v Myriame Djedidi (FRA); Craig Coakley (IRE) v Deniz Demirkapu (TUR); Artem Avanesov (ARM) v Badreddine Attif (MAR); Abdulvosid Buranov (RUS) v Akram Hamidi (FRA)
Title card:
Intercontinental Lightweight: Ilyass Habibali (UAE) v Angel Marquez (ESP)
Intercontinental Middleweight: Amine El Moatassime (UAE) v Francesco Iadanza (ITA)
Asian Featherweight: Zakaria El Jamari (UAE) v Phillip Delarmino (PHI)
Listen to Extra Time
COMPANY%20PROFILE
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2019 ASIA CUP POTS
Pot 1
UAE, Iran, Australia, Japan, South Korea, Saudi Arabia
Pot 2
China, Syria, Uzbekistan, Iraq, Qatar, Thailand
Pot 3
Kyrgyzstan, Lebanon, Palestine, Oman, India, Vietnam
Pot 4
North Korea, Philippines, Bahrain, Jordan, Yemen, Turkmenistan
Uefa Champions League play-off
First leg: Wednesday, 11pm (UAE)
Ajax v Dynamo Kiev
Second leg: Tuesday, August 28, 11pm (UAE)
Dynamo Kiev v Ajax
The specs: 2019 BMW i8 Roadster
Price, base: Dh708,750
Engine: 1.5L three-cylinder petrol, plus 11.6 kWh lithium-ion battery
Transmission: Six-speed automatic
Power: 374hp (total)
Torque: 570Nm (total)
Fuel economy, combined: 2.0L / 100km
More on Quran memorisation:
MATCH INFO
Manchester City 6 Huddersfield Town 1
Man City: Agüero (25', 35', 75'), Jesus (31'), Silva (48'), Kongolo (84' og)
Huddersfield: Stankovic (43')
UAE currency: the story behind the money in your pockets
MATCH INFO
Everton 2 Southampton 1
Everton: Walcott (15'), Richarlison (31' )
Southampton: Ings (54')
Man of the match: Theo Walcott (Everton)
The specs: 2019 GMC Yukon Denali
Price, base: Dh306,500
Engine: 6.2-litre V8
Transmission: 10-speed automatic
Power: 420hp @ 5,600rpm
Torque: 621Nm @ 4,100rpm
Fuel economy, combined: 12.9L / 100km