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The global coronavirus emergency has further destabilised an international order which was already fragile due to the rising tension between the US and China and the declining effectiveness of the UN and other international institutions.
As governments around the world grapple with the political, economic, and social impact of the health crisis, there is a renewed emphasis on the role and powers of the nation state and a rise in protectionism and populist politics.
Coupled with a slump in global GDP, these trends make for a challenging business environment. Navigating it successfully depends on companies being alert to a complex and evolving landscape of geopolitical risk.