These days, before you make a decision about whether to invest in a coffee plantation in Dalat or a call centre in Delhi, you have to consider Athens, Lisbon and Paris.
The eurozone crisis is affecting decisions around the world, in perhaps the most in-your-face proof that globalisation is here to stay. “We’re seeing a lot more complexity in capital and trade flows, and more complexity in financial markets indeed the level of complexity has risen exponentially,” said Jeremy Pitts, Asia-Pacific regional chairman for Baker McKenzie, at the annual regional meeting for the firm’s Asia-Pacific lawyers, held in Ho Chi Minh City.
“So we need to...
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