Geopolitical risks are on the rise, foretelling the end of a 30-year period during which economic prosperity superseded political machinations. That means governments will drive the economic agenda and complexity and change lie ahead for the private ...
Every sophisticated piece of weaponry sent to Ukraine and every Chinese balloon shot down by the US take us a step closer to an era in which geopolitics will supersede politics and governments will drive the policy agenda.
He says: “In the era of economics over politics, it seemed like we were moving to a borderless world where the digital reigned over the physical, and where technologies easily proliferated across the globe through unencumbered markets.” Re-globalisation has been under way since Covid laid bare how reliant countries were on strategic resources supplied by other countries, in some cases with which they had less than ideal political relations. During the pandemic, it was the lack of availability of semiconductors, which are critical inputs for a broad swathe of industries and supplied by China, where a political power play was already occurring with the US.
She notes that minerals like nickel and lithium are processed in only a few countries in the world and
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