We live in an increasingly interdependent and volatile world, where old certainties have been replaced a more complex set of inter-relationships between nation states.
For forty years after the Second World War, international politics was largely dominated by a two dominant ‘blocs’, one based pluralistic democratic structures and liberal market economies; and the other largely based on one party systems and centrally planned economies.
The fall of the Berlin Wall resulted in a short period of north American hegemony, where interests and values closely associated with the United States predominated. However, the rise in global influence of China, India and other emerging economies, with their own interpretations of political and social values and their own spheres of influence, challenges the status quo.
Alongside this, the growing nationalism and strengthening cultural identities provide fresh challenges to the march towards distant global economic structures and the power of multi-national corporations. Successful organisations are those that can anticipate and respond to these complexities and that are able to adapt effectively to very different local environments.