A Real “Nation-First” Policy Needed for Every Country, Singapore Included
Microsoft CEO Satya Nadella has struck the right notes on factors that are key to tide over any threat to business from a surge in nationalism the world is witness to.
His prescriptions, nonetheless, are hardly new.
Paying local taxes, supporting businesses locally and a give-back commitment to the region businesses are in – survival without any of these will just be a pipedream.
Microsoft may be getting a majority of its revenues from outside of the U.S. But pitting the U.S. against the rest of the world is still evidence of how strong the superpower is. Microsoft’s revenues in 2016 stand at $40.6 billion in the U.S. and $44.7 billion internationally. It is still a long way for the emerging world to measure up to the individual might of the U.S.
As Mr Nadella says, every head of state cares about his country first, be it America or the U.K.
Some countries claim to do things that are in their interest. The exchequer may benefit from it all, but lenience in immigration in terms of employment and education do strike a discordant note – leading to a compromise on the interests of the local populations.
G Joslin Vethakumar