Suggested Citation: Gabriel Collins, “Great Power Rivalry & Evolving
Risks For Multinational Corporations,” Ideas Deck, 27 November 2023, https://collinsresearchportal.com/wp-content/uploads/2023/11/collins_great-power-competition-and-evolving-risks-for-multinational-corporates_27-november-2023.pdf
The golden age of globalization that existed between 1991 and the mid-2010s has now decisively closed. Global trade is still vital and pockets of opportunities abound, but the geopolitical load that trade & transactions occur under is now far heavier than at any point since the Cold War era. Most of today’s business leadership class was formatively shaped by a world of relatively unfettered access to opportunity, one where political and geostrategic concerns took a back seat compared to production and transport economics. That world is now firmly in the rearview.
Geopolitical competition is now reasserting itself in a big way. Furthermore, the landscape is far more complex than it was during the Cold War, when the world was cleft into two large, relatively neatly defined blocs (three if you count the Non-Aligned Movement). Now, no matter where you are located or what you produce and trade, it’s almost impossible to avoid contact with the rival and intertwined Chinese and American commercial ecosystems and barring a massive war, this state of affairs looks likely to endure for decades to come. Welcome to “Great Power Rivalry & Evolving Risks for Multinational Corporations!” The full presentation can be downloaded here.
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