At BoF VOICES, Axios journalist Felix Salmon, economist Dr Dambisa Moyo and Sinovation Ventures chief executive Kai-Fu Lee discussed how fashion can navigate challenging economic times.
The current global outlook of mounting debt levels, contracting global trade and rising nationalism bear more than a passing resemblance to conditions in 1929, at the onset of the Great Depression. But that alarming trajectory is not set in stone, panelists at BoF VOICES, BoF’s annual gathering for big thinkers, said. Dr Dambisa Moyo, an economist and author who drew the comparison, said she was “optimistic in many respects,” and sees technological innovation as one way out of the global economy’s current troubles. That’s not to downplay the challenges. Journalist Felix Salmon described an economic “balkanisation” that was making it more difficult for cross-border business, while noting that China’s rapid rebound from Covid-19 could power global markets.
 
Related Articles:Hans Ulrich Obrist: The Antidote to GlobalisationVOICES 2020: Finding Opportunity in a Global Crisis
 
Find out more about #BoFVOICES here. To contact The Business of Fashion with comments, questions or speaker ideas please email podcast@businessoffashion.com. Sign up for BoF’s Daily Digest newsletter.
Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here, select the Annual Package and use code PODCASTPRO at the checkout.
 
For all sponsorship enquiries, it’s: advertising@businessoffashion.com.