FOUR SCENARIOS FOR A WORLD IN DISORDER
Personal Finance|November 2022
The world is a scary place right now, requiring cool heads and an understanding of the underlying dynamics
DAVID BACH
FOUR SCENARIOS FOR A WORLD IN DISORDER

CHINESE LEADER Xi Jinping's recent speech to the Communist Party Congress could be one of the most consequential of the decade. He told the audience (and the world) that his economic growth-crushing zero-COVID policy is here to stay, and that Beijing is more determined than ever to reunify with Taiwan-peacefully if possible, and by force if necessary.

We are living in a moment of deep geopolitical rifts and extraordinary economic uncertainty, epitomised by Xi's pronouncements. The world is clearly not reverting to some pre-COVID status quo. Instead, a combination of underlying forces has upended the previous world order and ushered in a period of profound disorder.

Any list of destabilising necessarily incomplete. global forces is In this article I'm not considering climate change or biodiversity loss, a possible COVID resurgence, the impact of artificial intelligence and other disruptive technologies, or the role of rogue regimes from Iran to North Korea. Instead, I'm focusing on the four areas that I believe will have the greatest impact on global business over the next several years-particularly because of their expected interaction.

Russia's war in Ukraine

Not only did Russian troops fail to subdue Kyiv quickly as both the Kremlin and many Western observers had assumed, Russia looks increasingly likely to lose the war-the mobilisation of reservists and nuclear sabre-rattling notwithstanding.

There are three reasons for this. First, the extraordinary poise and courage of the Ukrainian people, armed forces, and leaders. Second, utter chaos on the Russian side. And third, the remarkable unity across the west that has provided Ukraine's troops with sophisticated weapons, training and intelligence while slowly crippling Russia's economy via boycotts and sanctions.

Diese Geschichte stammt aus der November 2022-Ausgabe von Personal Finance.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der November 2022-Ausgabe von Personal Finance.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS PERSONAL FINANCEAlle anzeigen
'Hack' your money psychology
Personal Finance

'Hack' your money psychology

Spending too much money? Tempted by sales? These money psychology hacks’ can help

time-read
4 Minuten  |
February 2023
Accounting tips for small businesses
Personal Finance

Accounting tips for small businesses

It's important to properly manage your business finances

time-read
5 Minuten  |
February 2023
KIDS AND MONEY: FIVE WAYS TO START THE CONVERSATION
Personal Finance

KIDS AND MONEY: FIVE WAYS TO START THE CONVERSATION

WHEN IT comes to teaching young children about the world, parents may feel that some topics—like politics and religion—are too tough to broach.

time-read
4 Minuten  |
February 2023
REDUCE THE PAIN OF DOWNSCALING
Personal Finance

REDUCE THE PAIN OF DOWNSCALING

Investing in a holiday home as a retiree

time-read
3 Minuten  |
February 2023
THE RISKS INVOLVED IN INVESTING
Personal Finance

THE RISKS INVOLVED IN INVESTING

Finding the balance between eating well and sleeping well

time-read
2 Minuten  |
February 2023
TESLA: WHY IT MIGHT BE TIME FOR MUSK TO GO
Personal Finance

TESLA: WHY IT MIGHT BE TIME FOR MUSK TO GO

What 2023 holds for the electric vehicle company

time-read
4 Minuten  |
February 2023
FINDING SOMEONE TO STEP INTO YOUR SHOES
Personal Finance

FINDING SOMEONE TO STEP INTO YOUR SHOES

The Eskom crisis demonstrates again the importance of proper succession planning—loDSA

time-read
1 min  |
February 2023
BORROWING MONEY ISN' ALWAYS A BAD THING
Personal Finance

BORROWING MONEY ISN' ALWAYS A BAD THING

On the contrary, debt can be a sensible way to build wealth

time-read
4 Minuten  |
February 2023
WILL SOLAR POWER INCREASE THE VALUE OF YOUR HOME?
Personal Finance

WILL SOLAR POWER INCREASE THE VALUE OF YOUR HOME?

The upfront investment is high, which you'll want to recover when you sell

time-read
3 Minuten  |
February 2023
WHERE NEXT FOR THE GLOBAL ECONOMY?
Personal Finance

WHERE NEXT FOR THE GLOBAL ECONOMY?

Why central banks face an epic battle against inflation in 2023

time-read
5 Minuten  |
February 2023