Montrose Journal

Montrose Associates publish an occasional journal, which aims to bring together for Montrose’s friends and clients some of the original thinking going on about international business and politics. Contributors include members of the Advisory Board of Montrose Associates. These essays can also be accessed, a few weeks after their initial publication, on the Montrose website. Please note that articles are not updated and should be understood as applying to the world as it looks at the time of publication.

Index of Journal Issues

• Winter 2023
  Strategic shock: A year of living dangerously
  • Our Fragile World: Stresses and Strains Post Covid by Bill Emmott
  • Coming to a Place Near You by Tom Burke
  • Migration: Misunderstandings, Myths and Malice by Robert Fox
  • A River Runs Through It: Gaza and the Jordan’s Path to Peace by James Fergusson
  • Chastened but Unbowed: International Finance Rolls On by David Blake
  • Private Equity: Survival of the Fittest by Philip Delves Broughton
  • Artificial Intelligence: Who is Really in Control? by Cecily Day
  • Asymmetric Warfare in the Age of Reality TV by Elisabeth Braw
  • Time Past, Time Present: the UK’s Strategic Resilience Holds, for Now by Jonathan Evans
• Winter 2022
  The Places in Between – In Time of Cold War
  • Asia Caught in Between by Bill Emmott
  • Europe: Sidelined by Michael Schaefer
  • The Pressures Toward Decoupling, and How to Manage Them by Elisabeth Braw
  • Turkey’s Quest for Autonomy by Soli Özel
  • The Middle East: Overriding Self Interest by Tom Rhodes
  • A New Scramble for Africa by Jon Swain
  • Russia, China and the US – As Seen by Latin America by Andrés Rozental
  • Man in the Middle: The Ultimate Disruptor by Philip Delves Broughton
• Winter 2021
  The Places in Between
  • Between Greed and Altruism: A Capitalism That Flows by John Kay
  • Decentralised Finance: Weaving the Economic Fabric of the 21st Century by Edie Lush
  • Urban Rise and Fall: Cities of the Future by Douglas McWilliams
  • Afghanistan: The West’s Great Failure by Robert Fox
  • Central Asia: Between the Elephants by S. Frederick Starr
  • Pinocchio: A Fable For our Times by John Hooper & Anna Kraczyna
• Resilience
  Are we resilient? As a society, as a species, as a planet …
  • Of Plagues and Disasters, of Social, Business and Human Resilience by David Blake
  • The West’s Civilisational Model: Can It Be Salvaged? by Christopher Coker
  • Lessons From Covid: Are We More or Less Resilient Than We Thought? by Ellie Cannon
  • Has Covid-19 Given the Planet a Second Chance? by Juliet Davenport
  • Security and Resilience: Now Everybody’s Business by Elisabeth Braw
  • Covid-19 in Japan: How They Did It Better by Bill Emmott
  • Solidarity or Social Distance? Lockdown Lessons From the Poet Larkin by Martin Vander Weyer
  • The Half Life of a Student by Alice Rhodes
  • A Simple Fix for Generation Resilient by Esther Rantzen
• Covid 19 Edition
  This Too Shall Pass: But How Will We Be Changed?
  • On Models and Muddles: Coping With the Coronavirus by Professor Sir Paul Collier
  • Building Bridges Out of the Crisis: But Where Will They Lead? by Stephen D King
  • Robots Don’t Get Sick: Accelerated Automation in the Post-Covid World by Lord Turner of Ecchinswell
  • Covid-19 and the Future of the Firm by Martin Vander Weyer
  • Time for a New Social Contract by Professor Rita Mcgrath
  • Wanted: A Revived International System by Andrew Mitchell MP
  • US/China: Time for That Grand Bargain by Philip Delves Broughton
  • Two Pillars for Reckoning by Professor Lanxin Xiang
  • Africa: The Casualty of Lockdown by Christopher Maclay
  • ‘They Died Not All, but All Were Sick’ by Philippe Berend
• Winter 2019
  Prospects Bleak: Best Case, Worst Case …
  • Rocks and Hard Places: Success and Failure in a Changing Climate by Tom Burke
  • Ahead of the Next Crash – Or Have We Learnt Our Lesson? by David Blake
  • Europe at a Crossroads by Norbert Röttgen
  • US/China Digital Competition – and the Thucydides Trap by Jean-Louis Gergorin
  • Resistance is Futile: But is AI for or Against Us? by Edie Lush
  • If the Lights Go off ... Is Resilience the New Black? by James Arbuthnot
  • How Russia and Iran Are Carving Up the Middle East by Dilip Hiro
• Winter 2018
  Who Whom? A Harsher World
  • A New Cold War Between the US and China? by Guy De Jonquieres
  • Soft Power on the Wane. Down but Not Out by Kori Schake
  • Ethical Migration Policies for Harsh Times by Paul Collier
  • Growing Friction for Cross Border Investment by Jonathan Ford
  • Women Fighting Back – With Men as Their Allies? by Rowan Pelling
  • The Middle East After Khashoggi by Christopher De Bellaigue
  • Tax Havens No Longer? by Andrew Mitchell
• Winter 2017
  Mixed Signals: a World on Edge
  • Globalisation’s Ebb and Flow by Stephen D. King
  • Making the Right Choice to Deliver Technology’s Promise by Philip Delves Broughton
  • Political Disruption Equals Economic Turmoil. Doesn’t It? by David Blake
  • The Middle East Cauldron: Boiling Over? by Christopher De Bellaigue
• Winter 2016
  Populism on the March: New Wave or Backlash?
  • The Rise of the Strongman by Oksana Antonenko
  • The Collapsing Cult of the Expert by Sebastian Mallaby
  • Digital Revolution: The Challenge to Democracy by Matthew Kirk
  • Immigration, Brexit and the Cultural Difference by David Goodhart
  • Donald Trump: The Hat Versus the Data by Garrett Graff
  • Latin America and the Decline of the Caudillo by Andrés Rozental
• Winter 2015
  New Routes: to Prosperity or Conflict?
  • The New Silk Road: Spinning a New and Ambitious Narrative by Lanxin Xiang
  • Russia - a Bridge Too Far? by Andrew Wood
  • Software Versus Hardware: The New Trade War Between the US and China by Philip Delves Broughton
  • Making Sense of Migration: The Defining Issue of the Century by Robert Fox
  • The Economics of Transport: From Trains and Boats and Planes - to the Cloud by David Blake
  • Financing Infrastructure: Who Foots the Bill? by Bridget Rosewell
• Winter 2014
  The New Order – Struggling to Be Born
  • Creating a Sustainable Energy Future: Problematic but Attainable by Simon Henry
  • China: Ruling the World Without a Blueprint by Bill Emmott
  • Shale: The New US Frontier by Philip Delves Broughton
  • The End of Sykes Picot: Drawing a New Map for the Middle East? by Alan Philps
  • Governing the Web: Regulating the Right to Be Virtual by Louisa-Jayne O’Neill
  • Putin’s Dream: Russia’s Nightmare by Sir Andrew Wood
• Winter 2013
  Beyond Brics: a New Generation?
  • The Quest for Growth - the Ingredients of Success by Michael Maclay
  • The Original Brics: Uncertain as Leaders, Unconvincing as Reformers by Jonathan Fenby
  • Myanmar on the Rise: Slow Dance Rather Than Gold Rush by Philip Delves Broughton
  • Mexico Resurgent: Riding the Reform Wave by Andrés Rozental
  • A Change Is Going to Come: Indonesia Unleashed? by A. Lin Neumann
  • Goodluck Ghana: Lessons From Nigeria’s ‘Oil Curse’ by Ashley Elliot
• Summer 2013
  Cost of Plenty: Energy Security or Catastrophe
  • The Global Implications of Shale Oil by Christof Rühl
  • Future Imperfect: The Collision of Climate and Carbon by Tom Burke
  • The UK Wind Business: An Ill Wind That Blows No Bloody Good by Magnus Macintyre
  • Box: The Eight Most Irritating Comments for Wind Farmers by Magnus Macintyre
  • No Silver Bullet: The Shale Revolution and US-Gulf Relations by Giacomo Luciani
  • The Middle East: A Failure to Deal With Change by Charles Richards
  • Securing the UK’s Energy Mix - an Engineer’s Story by Martin Grant
• Winter 2012
  A New Africa: Open for Business?
  • Africa: The Glass Half-Full Continent by Edward Bickham
  • Pay and Go: Africa's Money Mobile Revolution by Aidan Hartley
  • Nigeria: Fighting the Corruption Scourge by Kayode Soyinka
  • The Beloved Country: in Stormy Transition to a New Order by Sipho Pityana
  • Militant Islam: on the March? by James Fergusson
  • Zimbabwe: Endgame in Sight? by Jon Swain
• Summer 2012
  Risk, Reward and Remuneration
  • A World in Debt: The Spiralling Legacy of National Borrowing by Jonathan Ford
  • The Bankers Who Failed: Were Central Bankers the Guilty Men? by David Blake
  • Value for Money? Restoring the Link Between Performance and Pay by Tom Rhodes
  • The Real Risk-Takers: What Makes an Entrepreneur? by Philip Delves Broughton
  • Risk Versus Opportunity: A Chinese Entrepreneur speaks... by Dr Minzhe Zhao
  • When Risking Everything Meant Losing All: Who Was the Marquis of Montrose? by Michael Maclay
• Winter 2011
  Things Fall Apart – the Centre Cannot Hold?
  • Decline in the West: Down but Not Out by Michael Maclay
  • China: Middle Kingdom, but Not the World's New Centre by Johathan Fenby
  • Money in the Wrong Places: What Marx Got Right by David Blake
  • Turkey’s Dance: On the Edge of the Cauldron by Hugh Pope
  • The Mekong Revolution by Jon Swain
  • Of International Systems: From Castlereagh to Climate Change by Douglas Hurd
  • The Second Coming by William Butler Yeats (1865–1939)
• Christmas 2010
  A World Without Secrets
  • Mr Bin Laden, I Presume? by Philippe Berend
  • Can We Close Pandora's Cyber Box? by David Omand
  • Je Ne Regrette Rien by Douglas Hurd
  • Secrets and Lies by Tom Rhodes
  • Wiki’s Leaks (Summary Box) by
  • A Day in the Life of Generation Y by @Scottishspuddy
  • Planet Cyberspace (Facts Box) by
  • China - Threat or Target by Nigel Inkster
  • Ways Around the System by
• Summer 2010
  Picking Up the Pieces
  • Then and Now: The Changing Landscape of Corporate Risk by Martin Vander Weyer
  • Will He Overcome? Obama’s Struggle to Convince by Jim Hoagland
  • Elective Affinities: How the EU Can Bring China Into the Euro-Atlantic World by Lanxin Xiang
  • And None Shall Have Prizes: Neither the Anglosphere nor the Eurozone Have All the Answers by David Blake
  • Moscow Heat: How Elusive Is Modernity? by Dimitry Trenin
  • Dynasty and Democracy: Of Families, Modernisation and Legitimacy by Karan Thapar
• Summer 2009
  Winners and Losers
  • Triumph of Mammon: Masters of the Universe Unbowed? by Philip Delves Broughton
  • China on the Rebound: The Tiger Strikes Back by Adam Williams
  • From Lisbon to Lisbon: How Europe Can Be Less of a Loser by Charles Grant
  • India’s Elections: A Strong Mandate, but to do What? by Alan Rosling
  • The Geopolitics of Emotion: On Muslims and Arabs, on Fear, Hope and Humiliation by Dominique Moïsi
• Summer 2008
  So What Has Really Changed?
  • Global Finance: The Black Swan Has Landed by David Blake
  • Constructing a Better World Order: Can the Next US President Rediscover Diplomacy? by Douglas Hurd
  • Back to the Future: Chinese Exceptionalism in Its Asian Context by Bill Emmott
  • The Other Energy Option: Is Nuclear Power Back? by Tim Stone
  • Demography: Not Quite the Problem We Think It Is? by Adair Turner
  • Was Malthus Right? Won’t We Be Able to Feed Ourselves? by Christopher Haskins
• Summer 2007
  What’s Really Going On?
  • Global Finance: Goldilocks Economy or Casino Capitalism? by David Blake
  • Blat, Kompromat and Siloviki: The Soviet Practices That Oil Russian Business by Alena Ledeneva
  • The Art of Opposition: What Cameron Can Learn From Peel by Douglas Hurd
  • How Spain Got Serious: An Old Country With a High-Speed Train by Tom Burns Marañón
  • How America Is Changing: The Brave New Latino World by N C Aizenman
  • Surviving in a Dangerous World: What Iran’s Leaders Really Want by Dilip Hiro
• Winter 2006
  A Riskier World?
  • Second-Guessing the Markets: Do We Understand Risk Any Better Than We Did? by David Blake
  • Strategy, Risk and the Decisions That Count by Douglas Hurd
  • High Noon Over China: The Chances of War in the Orient by James Clad
  • The Big Investment That Can: With Less Risk to Everyone by Christopher Haskins
  • Change in Japan: Between Courage and Caution by Henry Scott-Stokes
• Winter 2005
  What If They Are All Wrong?
  • The Utility of Force: What if War Is No Longer What It Used to Be? by Rupert Smith
  • Prospects for the Middle East: Bush the Pioneer Peacemaker? by Jonathan Freedland
  • Tigers Burning Bright: But Does the East Have All the Answers? by Norman Stone
  • At the Forefront of Change: France the Global Business Player? by Bernard Spitz
  • Not the Supply Side, Stupid: What Europe Can Really Learn From America by David Blake
• Spring 2005
  A World Without Rules?
  • Is There Such a Thing as an International Community? by Douglas Hurd
  • The China Gap: Of Culture, Rules and Quality Control by Minzhe Zhao
  • Putin’s Russia: A Rules-Based Society? by Christopher Granville
  • Climate Change: A New Arena for Global Governance by Tom Burke
  • A World Without Rules: A Capital Idea by David Blake
• Summer 2004
  Opportunity and Risk: Doing Business in a Dangerous World
  • The Search for International Order – and Second Guessing Security by Carl Bildt
  • Jihadist Terrorism and Global Economic Risk by Peter Bergen
  • Risk, Regulation and Affluence by Christopher Haskins
  • The New Pandora’s Box: Technology and Data Terror by Philippe Berend
  • Reputation and Brand: The New Danger Zone? by Steve Hilton
• Winter 2003
  
  • Globalisation a La Chinoise – or Indian Style by David Blake
  • Of Politics, Communication – and the Strength of Silence by Douglas Hurd
  • The Yukos Affair: An End to Pluralism in Russia? by Oksana Antonenko
  • Corporate Social Responsibility: More Than Apple-Pie and Motherhood? by Richard Holme