Asia Global Institute

The world financial landscape is changing. Are we ready?

Friday, September 26, 2025

The world financial landscape is changing. Are we ready?

Andrew Sheng, AGI Distinguished Fellow, explores in South China Morning Post the shifting world financial landscape, questioning whether we are facing a cyclical fluctuation or a deeper structural change.

He argues that we are undergoing a multidimensional systems transformation, where interconnected subsystems drive change. Sheng draws on Karl Popper's three worlds to explain how money, as a derivative of physical goods, has evolved through digitization and tokenization. This has created a complex financial market that can outpace underlying assets. In this era of uncertainty, money's role is critical, demanding a biological, rather than purely physics-based, understanding of finance and the real economy.

Read the full article here.

Author

Andrew Sheng

Distinguished Fellow, Asia Global Institute

Andrew Sheng

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