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The New World Order Is Disorder – OpEd

7 0
21.06.2024

By Zev Faintuch

After the Cold War, the US stood as the sole superpower providing the necessary stability for globalization. Many business executives today have only ever operated in the world America built. A world where international laws are largely respected and enforced, where freedom of navigation is a given and interstate conflicts are rare and geographically contained. However, those days are gone. America’s hegemonic power has dwindled, and an unstable multipolar system is taking its place.

An “Axis of Disorder” comprising China, Russia, North Korea and Iran is rising and seeks to undermine US power. The members of this Axis are creating a more unpredictable and fragmented global landscape, fraught with uncertainties. This new reality has increased physical, social and cyber risks from state, non-state and individual actors. These threats concern not only the US and its allies but also international corporations with employees, assets and infrastructure around the globe.

Businesses are now faced with navigating these challenges. Global Guardian’s new Worldwide Threat Assessment explores the effects of this changing order. These ramifications will reverberate across industries and nations, creating tumult that demands business executives to have a prepared response.

The peace and stability of the last three decades are gone. The US has fallen back from the leading role on the geopolitical stage economically and militarily. As a result, geopolitics is back and with a bite.

In recent years, the relative economic power of the West has diminished. In 2000, America, Canada, France, Germany, Italy and the United Kingdom — known as the Group of Seven (G7) — represented 43% of the world’s GDP in purchasing power parity (PPP). Unencumbered, this bloc could project economic and military force globally. In the same year, Brazil, Russia, India, China and South Africa (BRICS) — the alternative to........

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