The apprehension regarding geopolitical uncertainty has persistently loomed over Canadian exporters engaged in international business. However, the current scenario, marked by the intensification and expansion of tensions globally, has elevated instability to unprecedented levels in at least five decades. The question arises: How can businesses assess and translate these risks into quantifiable costs to enhance decision-making?
Despite recent endeavours in panda diplomacy, the friction between the United States and China has resulted in confrontations within vital strategic sectors. This has fueled lingering tensions in the South China Sea, accompanied by competing charm offensives in the rapidly growing markets of Southeast Asia. Adding to the complexity, the world is contending with two active conflicts in strategically significant regions. Furthermore, since 2020, West and Central Africa have witnessed eight military coups, a stark contrast to the less than one per year recorded in the preceding decade.
Learn more here: https://www.edc.ca/en/trade-matters/measuring-geopolitical-risk.html
