Simon Hunt Strategic Services for Global Economies & Commodities
Newsletter No. 68 - The Global Economy: The War Temperature Has Risen
“Today’s world is hyperconnected, rapidly changing and frequently chaotic. The pace of technological and social change, against a backdrop of interconnecting shocks and crises, makes the future more uncertain. Preparing for multiple potential outcomes, with finite resources and at a time of shifting global power relationships, is proving increasingly difficult.
“Geopolitical tensions have increased across economic, diplomatic and security fronts; full-scale conflict with worldwide ramifications is now considered plausible. The current international order is also undergoing significant change, with a growing influence of a range of state and non-state actors and an increasing diffusion of power. The Global South and small island states are demanding a greater voice, while middle powers, city networks, corporate bodies and powerful elites, as well as violent extremist and criminal networks, are exerting increasing influence
“With actors and their actions increasingly interconnected at the global level, the pace and scale of such events acts as a reminder that change, both positive and negative, can be volatile and sometimes abrupt, with global ramifications.
“Global power competition will continue but the balance of power will change, and the range of competing actors will increase.”
UK Ministry of Defense: Global Strategic Trends, September 2024